SEC enhances E-Portal, urges investors to secure dividends
The Securities and Exchange Commission (SEC) has encouraged investors to utilize its revamped e-dividend portal, emphasizing the platform's security features and user-friendly interface.This initiative aims to tackle the ongoing issue…
Ghana’s Cocoabod unveils new funding model
The marketing agency of Cocoa in Ghana, Cocoabod, has unveiled a new funding model for cocoa purchases in the country.Under this new model, global traders will be required to deposit…
FG targets 90,000Km of fibre optic cable in six months.
The Federal Government of Nigeria will begin the deployment of 90,000 kilometres of fibre optic cable across the country within the next six months.Dr. Bosun Tijani, Minister of Communications, Innovation,…
Oando PLC makes 100% acquisition of Nigerian Agip Oil Company
Oando Plc has made a 100% acquisition of Nigerian Agip Oil Company (NAOC) from Italian energy firm, Eni, in a deal valued at $783 million. Oando noted in a corporate…
Botswana’s Central Bank cuts interest rate
The Botswana Central bank has cut interest rate by 25 basis points to 1.90%. The interest rate cut is coming on the back of rising inflation which hit 3.7% in…
BVN, NIN required for Nigeria’s $500 million bond subscription.
The Federal Government of Nigeria has disclosed the need for specific identification requirements for its latest financial instrument, the Domestic FGN US Dollar Bond.The Debt Management Office (DMO) made this…
Kenya signs deal with German Company to print new bank notes
Kenya has signed a five year deal with a German company to print new bank notes and replace the old ones. The deal is valued at Sh14.2 billion ($109,422,740) and…
Businesses optimistic about improved conditions- CBN survey
The Central Bank of Nigeria (CBN) has released its Business Expectations report, indicating a surge in optimism among business owners regarding improved conditions for doing business in the country. The…
CBN records remittance inflow of $553m in July
The Central Bank of Nigeria (CBN) has announced a historic surge in remittance inflows, reaching an all-time high of $553 million in July 2024. This is according to a statement…
SEC to license Cryptocurrency platforms in Nigeria
The Nigerian Securities and Exchange Commission (SEC), has announced plans to issue licenses to cryptocurrency exchanges platforms in Nigeria.Nigeria has one of the fastest-growing crypto economies globally, with a very…