The Nigerian government on Wednesday confirmed that President Muhammadu Buhari approved the purchase and donation of vehicles, worth N1.4 billion, to neighbouring Niger Republic. The Minister of Finance, Budget and National …
Western Africa
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NCAA begins financial audit of 8 domestic airlines
The Nigeria Civil Aviation Authority (NCAA) has said the eight domestic carriers are undergoing a financial and economic audit to establish their strength. Its Director-General, Capt MUSA Nuhu stated this …
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Ghana domestic airlines increase ticket prices
Prices of local airline tickets in Ghana have shot up by between 15 and 20 percent, prompting recession fears among local operators following “a gradual drop” in patronage. The new …
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Absa Bank, Amazon sign pact to lead cloud computing transformation
Absa Bank Ghana is working with Amazon Web Services (AWS) to provide cloud computing skills in. The partnership allows Absa to identify an implementing partner in Ghana to train and …
The Organization of Petroleum Exporting Countries, OPEC and its allies, have increased Nigeria’s oil quota to 1.830 million barrels per day, mb/d in September 2022, from 1.826 mb/d in August …
Nigerian Breweries Plc (NB) has recorded a profit after tax of N19.08 billion for the first half (H1) financial year ended on June 30, 2022. According to the unaudited report …
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MTN Plans N113.9bn Interim Dividend For Shareholders
MTN Nigeria Communications (MTNN) Plc, in line with its dividend policy, approved an interim dividend of N113.98 billion, representing N5.60 per share to be paid out of distributable net income. …
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Nolt Finance secures operating licence from CBN
NOLT Finance, a disruptor in the social impact banking space, has secured operating license from the Central Bank of Nigeria to provide financial services in the Nigerian market. The license …
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INEC turns down 70 CSOs’ request to extend Voters Registration
The Independent National Electoral Commission, INEC, on Tuesday, turned down the request of 70 Civil Society Organizations, CSOs, to restart and extend the suspended Continuous Voters Registration, CVR, exercise, by …
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Honeywell, Jaiz Bank lead Nigerian capital market’s N364.3bn recovery
The equity capitalization in the Nigerian capital market rose to N27.30 trillion at the close of trading on Tuesday. The figure was N364.3 billion higher than the N26.93 trillion posted …