Nigeria, Brazil sign new agreement to boost food production
Nigeria and Brazil signed a $1.1 billion Green Imperative Project (GIP) to boost agriculture and private sector investment. The new agreement is designed to create the right structure that will…
MTN to divest its fintech operations in 3 countries
MTN Group is progressing with plans to divest its fintech operations in Nigeria, Ghana, and Uganda as part of a restructuring initiative that will enable Mastercard to obtain a minority…
Nigeria’s inflation rate falls for second month in a row
Nigeria’s inflation rate dropped for the second consecutive month in February 2025, falling to 23.18 per cent from 24.48 per cent recorded in January.However, economists and Nigerians expressed concern over…
MTN’s revenue surges by 35.6%, new high
MTN Nigeria’s service revenue surged by 35.6% in March following tariff adjustments implemented in February.A report by its group office in South Africa on Monday, also said expectations for further…
SEC to name and shame capital market operators
The Securities and Exchange Commission has announced plans to publicly shame capital market operators found guilty of violating market laws and regulations.The commission, in a statement on its Instagram page,…
World bank hints at Nigeria’s new loan approval
The World Bank may approve a total of $1.13bn in loans for Nigeria before the end of March 2025 as part of ongoing efforts to support the country’s economic resilience,…
Niger feeling the impact of Nigeria’s subsidy removal
The recent removal of fuel subsidies in Nigeria has had a ripple effect on its northern neighbor, Niger, exposing the latter's vulnerability due to its reliance on informal fuel imports.For…
Kenya to overhaul its commercial banking license fees
The Central Bank of Kenya (CBK) has proposed an overhaul of commercial banking license fees, marking the first review in 33 years.Under the proposed Banking Regulations 2025, the CBK intends…
CBN discovers N2.3m in illegal naira transactions
The Central Bank of Nigeria (CBN) has raised an alarm over the growing trend of illicit transactions involving banknotes, urging immediate intervention to curb the practice.CBN Governor, Olayemi Cardoso, made…
EU unveils new investment package for South Africa
On Thursday, EU Commission President Ursula von der Leyen unveiled plans to invest billions of euros in South Africa, as Europe aims to strengthen its influence in a nation increasingly…
