The Naira on Monday depreciated against the dollar at the Investors and Exporters window, exchanging at N430. The figure represented a decrease of 0.09 per cent compared with the N429.62 …
Category:
Western Africa
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Pastel, a Nigerian bookkeeping startup secures $5.5 million seed fund
Pastel, a Nigerian bookkeeping and digital platform for merchants, on Monday secured a $5.5M seed fund. The seed round was led by pan-African venture capital firm TLcom Capital and included …
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Nigeria’s Inflation surges to 19.64%, the highest since 2005
Nigeria’s inflation rate in the month of July 2022 rose to a 17-year high of 19.64%. This compares to 18.6% recorded in the previous month of June 2022. The latest …
Ghana-based, Float, focused on helping businesses manage cashflow, has acquired Accounteer, a Nigerian cloud-based accounting company. The deal, which follows Float’s $17 million equity and debt seed funding raised eight …
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E-cedi will not affect MoMo business, says Bank Of Ghana
The Bank of Ghana has assured that its quest to implement the digital currency, also known as the e-cedi, will not disrupt or collapse the mobile money (MoMo) system. According …
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Federal Government of Nigeria inaugurates team to tackle gas flaring
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) at the weekend inaugurated a 12-member Flare Gas Commercialisation Programme Team with responsibility to drive the process and coordinate the Flare Gas Commercialisation Programme …
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SEC, Nigeria approves new window for fixed income securities
The Securities and Exchange Commission (SEC) has approved the Nigerian Exchange Limited (NGX)’s guidelines on Trade Execution via the exchange’s On-Manual Negotiated Deal Window for fixed income (FI) securities. The FI …
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ExxonMobil renews 2 deep-water assets in Nigeria
ExxonMobil, one of the world’s oil majors has renewed two deep-water leases in Nigeria for 20 years, among the first permits granted under the country’s new oil and gas law. …
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‘Tax the rich, increase salaries by 50%’, NLC writes to the Federal government of Nigeria
The Nigerian Labour Congress (NLC) has asked the federal government of Nigeria to raise taxes across the board for the ‘rich’ and ensure that governors above 50 years resign. The …
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NNPC, contractors renew production sharing agreements
The Nigerian National Petroleum Company Limited (NNPC LTD) and its partners in Oil Mining Leases on Friday signed renewed Production Sharing Contracts agreements to produce 10 billion barrels of oil …