Ghana has been ranked fourth in Sub-Saharan Africa (SSA) with the highest private savings, a report by the International Monetary Fund on “Private Savings and COVID-19 in Sub-Saharan Africa’ by …
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Western Africa
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Flutterwave enables eNaira collections for one million merchants
Flutterwave, Africa’s leading payments technology company, today announced that over 1,000,000 merchants can now accept eNaira payments from their customers on their platform. This follows the 3.0 product announcement event …
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US blockchain financing startup PowerDFI acquires Naijacrypto
PowerDFI, a recently founded Wyoming-based Blockchain financial startup, has acquired Naijacrypto, a Nigerian-owned cryptocurrency exchange focused initially on the African markets. Naijacrypto, which recently expanded its offering to include multiple …
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Jeremy Awori to succeed Ade Ayeyemi as Ecobank Group CEO
Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has announced that a new Chief Executive Officer, Jeremy Awori will succeed Ade Ayeyemi upon his retirement at age …
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Nigerian government grants cashew processors five-year tax relief
Nigerian companies involved in cashew processing will enjoy income-tax-free for three years which can be extended to five years. This move is part of the government’s efforts to diversify the …
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Ice pellets destroy over 300 farms in Katsina State
A heavy downpour accompanied by ice pellets in Kafur Local Government Area in Katsina State has destroyed more than 300 farms in eight communities in the area. The Chairman of …
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Sterling Homes CEO, Dr. Kunle Adeyemi Wins International Award of Excellence
Dr. Kunle Adeyemi, The CEO of Nigeria’s foremost real estate company, Sterling Homes has been honoured with an award of excellence by the National Association of Yoruba descendants in North …
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Lagos Free Zone N25bn infrastructure bond launches on Nigerian exchange
The Lagos Free Zone (LFZ) N25 billion series 2 bonds, which is Nigeria’s first 20-year corporate infrastructure bond, have been launched on the Nigerian Exchange Limited (NGX) market. LFZ is the infrastructure development …
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Angola overtakes Nigeria as Africa’s largest oil producer in August
Nigeria lost its crown as Africa’s largest crude producer as Angola surpassed the country for the first time in more than five years. Angola’s average daily output in August of …
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Ghana ranks 2nd in PPP pipeline projects in West Africa
Ghana is ranked 2nd in Private Public Partnership pipeline projects in West Africa with a cumulative market size of $8.4 billion. According to Fitch Solutions. Nigeria leads the market with …