ExxonMobil has reached an agreement to sell its equity interest in Mobil Producing Nigeria Unlimited to Seplat Energy, a Nigerian independent oil and gas company, through its wholly-owned subsidiary, Seplat …
Western Africa
The Presidency has expressed displeasure with reports of inhumane and unfair treatment of Nigerians and other African citizens who are being denied the equal right of exit from Ukraine. In …
- AfricaAgricultureSpotlightWestern Africa
Stakeholders in agriculture brainstorm to tap benefits of AfCFTA
Stakeholders in agriculture yesterday held a workshop to deliberate on how to position and strengthen the sector to be competitive in the African Continental Free Trade Area (AfCFTA). The discussions …
The United Kingdom (UK) on Monday through its minister for Africa announced the payment of 210,610 pounds (about N120 million) as fraud compensation to the government of Nigeria. This is …
(Bloomberg) — Nigerian financial-technology company Tingo Inc is seeking $500 million to expand across Africa partly through acquisitions, Chief Executive Officer Dozy Mmobuosi said. Tingo, which trades over the counter …
- EntrepreneurshipWestern Africa
CrowdForce, a Nigerian agency banking startup, has raised US$3.6 million in a pre-Series A round
CrowdForce, a Nigerian startup supported by Y Combinator, has secured US$3.6 million in pre-Series A funding. Aruwa Capital Management led the US$3.6 million pre-Series A round, which included both stock …
The Nigerian Association of Road Transport Owners, National Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum Tanker Drivers (PTD) have suspended their planned strike after an intervention by …
- Business PoliciesSpotlightWestern Africa
Japan’s economy expands 5.4 per cent in fourth quarter after Covid curbs eased
A leisure of Covid-19 restrictions prompted a lift in client spending and a rebound in Japan’s economy over the last three months of 2021, although the bounce was not as …
Eyimofe: This Is My Desire, the debut movie by Nigerian brothers Arie and Chuko Esiri, is a poignant story of aspiration thwarted by actuality. Its lead characters, a manufacturing facility …
- EntrepreneurshipWestern Africa
Nigerian fintech startup Duplo raises $1.3M pre-seed funding for expansion
Duplo, a Nigerian fintech backed by Y Combinator, has raised $1.3 million to digitize payment processes for B2B businesses. Oui Capital, an early-stage pan-African venture capital firm, led the pre-seed …