On Tuesday, Fidelity bank was backed by the United states’ Global X Management announcing a binding agreement for full acquisition of Union Bank Uk, reported for the period from January …
Nigeria
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Banking, Finance & InvestmentBusinessNigeriaWestern Africa
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Nigeria’s fintech startup, Grey raises $2M in seed funding
Grey, a Nigerian fintech that provides virtual international bank accounts to Africans, has raised $2 million in seed funding. The seed funding round included participation from Y Combinator, Soma Capital, …
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AfricaAFRICA NEWSBusinessEconomyEnergyTransportation & LogisiticsWestern Africa
Nigeria to begin manufacturing electric automobiles in 2023
Nigeria has entered into a partnership with Israeli and Japanese companies to commence assembling and manufacturing environmentally friendly, green, electric, and smart automobiles by 2023. The National Agency for Science …
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Nigeria’s gross domestic product (GDP) grew by 3.54 percent year-on-year in real terms in the second quarter of 2022. The development is an improvement from the 3.11 percent growth recorded …
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AfricaAFRICA NEWSBusinessEconomyNewsNigeriaWestern Africa
Generation Companies lament poor remittances for electricity consumed
The association of power generation companies (APGC) Nigeria says members are owed N1.75 trillion for power generated for the electricity market since 2013. Joy Ogaji, executive secretary, APGC, made this …
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AfricaEconomyGlobal NewsNewsNigeriaTransportation & LogisiticsWestern Africa
Nigeria emerges second highest recipient of UK’s Worker Visas after India
Nigerian nationals emerged as the second highest recipients of United Kingdom’s Worker Visas between December 2019 to June 2022. Nigeria was only topped by Indian nationals whose recipients increased from 57,087 to 102,981 …
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AfricaAFRICA NEWSAgricultureBusinessFood ProductionNewsNigeriaWestern Africa
Olam Agri appoints new country head in Nigeria
Olam Agri, a leading agribusiness in food, feed, and fibre, has appointed Ashish Pande as the new Country Head in Nigeria, effective 23rd September 2022. Ashish has been instrumental in establishing Olam Agri’s animal feed business, …
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AfricaAFRICA NEWSEducationNewsNigeriaTrending TodayWestern Africa
ASUU strike continues as meeting with FG ends in deadlock
There’s no hope of Nigerian students returning to class anytime soon as the meeting between the striking Academic Staff Union of Universities (ASUU) and the federal government of Nigeria has …
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AfricaAFRICA NEWSBusinessINVESTMENTNewsNigeriaWestern Africa
Equity market begins new week trading negative
The Nigerian equity market on Monday started the week’s trading with mixed sentiments as a loss in Presco and 16 others drove the market lower by N18 billion. Also, Nigeria’s …
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AfricaAFRICA NEWSBusinessEconomyNewsNigeriaWestern Africa
Bank Of Industry, Nigeria Completes €1bn Loan Guarantee Facility
The Bank of Industry (BoI) Nigeria has completed a landmark €1 billion Guaranteed Senior Loan Facility to further enhance its capacity to deliver on its mandate. According to the bank, …