Hong Kong’s Neosun Energy enters Kenyan market
Hong Kong-based energy solutions provider Neosun Energy has taken a significant step in its efforts to provide solutions by announcing its entry into the Kenyan market. Electricity is very beneficial…
Nigeria to expand its fibre optic infrastructure with new US agreement
The Nigerian government is targeting an expansion of its fibre optic infrastructure with a new $2 million agreement signed with the US government. The agreement, announced during a U.S.-Nigeria Technology…
FG to privatise Bank of Agriculture to boost sector efficiency and growth
The Federal Government of Nigeria has announced its decision to privatise the Bank of Agriculture (BoA) as part of efforts to strengthen and reposition the agricultural sector. This strategic move…
Kenya to regulate cryptocurrencies amid rising risks of fraud, cybercrime
The Central Bank of Kenya has issued a new policy regulating cryptocurrencies and digital tokens in order to combat tax evasion, fraud and cybercrime amid the increasing use of these…
USSD debt: NCC to publish names of defaulting banks
The Nigerian Communications Commission will this week release the names of 18 banks that have defaulted in settling their outstanding debts for using Mobile Network Operators’ Unstructured Supplementary Service Data…
MTN Nigeria surges by 21% in equities market
MTN Nigeria Plc has experienced a significant rebound in the equities market, with its stock surging by 21% within two days. This recovery follows a challenging period marked by earnings…
Mining sector overhaul: Mali to get $1.2 billion revenue
Mali is set to receive 750 billion CFA francs ($1.2 billion) in the first quarter of 2025, driven by reforms in its mining sector. Finance Minister Alousseni Sanou disclosed this…
DMO opens January savings bond window with up to 18.24% interest rate
The Debt Management Office, DMO, has officially opened the FGN January Savings Bond subscription window with an interest rate of up to 18.24%. The new bond subscription window offers private…
CBN unveils new accounts to boost diaspora remittances
The Central Bank of Nigeria (CBN) has introduced two innovative financial accounts to encourage investments and remittances from Nigerians living abroad. The Non-Resident Nigerian Ordinary Account (NRNOA) and Non-Resident Nigerian…
Shell writes down $400m Namibian oil discovery
Global energy giant Shell will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable, in a blow to the southern African country’s efforts…
