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 …
Western Africa
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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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AfricaAFRICA NEWSAgricultureBusinessEconomyFood ProductionNewsNigeriaWestern Africa
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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AfricaAFRICA NEWSAgricultureBusinessFood ProductionNewsNigeriaWestern Africa
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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AfricaAFRICA NEWSNewsNigeriaReal EstateRwandaSterling HomesWestern Africa
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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AfricaAFRICA NEWSBusinessEconomyNewsNigeriaWestern Africa
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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AfricaAFRICA NEWSEconomyGhanaNewsNigeriaOil & GasWestern Africa
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 …
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Information & TechnologyNigeriaTechnologyWestern Africa
Twitter adds Instagram and Snapchat share options on Android
Twitter has announce that Android users will soon be able to share tweets directly on Instagram or Snapchat — a feature already available on iOS devices. The microblogging company has also …
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BusinessBusiness InsightsBusiness PoliciesEnergyNigeriaOil & GasWestern Africa
FG retrieves N600 billion from oil and gas companies operating in Nigeria
Federal Government recovers N600 billion from oil and gas companies operating in Nigeria according to reports from the Nigeria Extractive Industries Transparency Initiative (NEITI) audit. This, according to Punch, is …