Wema Bank Nigeria has released its audited consolidated financial statements for the year ending December 31, 2024, to the Nigerian Exchange Group (NGX), proposing a final dividend of N1 per …
Banking, Finance & InvestmentBusinessEconomy
Tag:
Nigeria
- BusinessEconomyFinance & ServicesINVESTMENTTechnology
Africa venture ecosystem records 22% drop in deal volume
The sixth annual Venture Capital Activity in Africa report has revealed that Africa’s venture ecosystem experienced a 22% decline in deal volume and a 28% drop in deal value in …
The Raw Materials Research and Development Council (RMRDC) is calling on the rubber industry to support efforts to amend its founding Act to prevent the export of raw materials from …
- BusinessEconomyFinance & ServicesGOVERNMENTNigeria
$500m W’Bank Loan: LCCI charges FG on fiscal discipline, transparency
The Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr. Chinyere Almona, has called for transparency and efficiency in the disbursement of the World Bank’s newly approved $500 …
- BusinessEconomyFinance & ServicesGOVERNMENT
Nigeria’s net FX reserves rose to $23b in December, says CBN
Nigeria’s net foreign exchange reserves (NFER) have risen to $23.11 billion at the end of 2024, according to the Central Bank of Nigeria (CBN). This figure is $15.6 billion lower …
- Business and EconomyFinance & ServicesWestern Africa
DealMakers AFRICA Recognizes Top Mergers, Acquisitions, and Dealmakers in West Africa
West Africa’s most significant mergers and acquisitions, along with the financial and legal advisers behind them, have been recognised in the recently released 2024 DealMakers AFRICA Annual Awards. The awards …
- Business and EconomyINVESTMENTManufacturingNigeriaWestern Africa
Multinationals’ Exit from Nigeria Creates Opportunity for Local Detergent Manufacturers
The exit of several multinational detergent companies from the Nigerian market has opened up a new opportunity for local manufacturers to meet the growing demand for premium detergents. The gap …
- EconomyEnergyFinance & ServicesGOVERNMENTInfrastructureNigeriaWestern Africa
Nigeria Secures $500 Million World Bank Loan to Boost Economic Resilience
In a bid to tackle pressing economic challenges, Nigeria has secured a $500 million loan from the World Bank to support its Community Action for Resilience and Economic Stimulus Program. …
- Business and EconomyNigeriaTechnologyTelecommunicationsWestern Africa
Rising Data Costs Threaten Nigeria’s Content Creation Growth
Nigeria’s content creation industry is facing challenges due to increasing data costs. The growing demand for online content has led to higher internet usage, but the rising expenses associated with …
- Business and EconomyFinance & ServicesINVESTMENTNigeriaPoliciesWestern Africa
Nigeria’s Interest Rate Among Top Five Globally, Says MPC Member
A member of the Central Bank of Nigeria’s Monetary Policy Committee (MPC), Mustapha Akinkunmi, has revealed that Nigeria’s interest rate ranks as the fifth highest in the world. This disclosure …