ICT sector boosts Nigeria’s real GDP by 19.78%
The Information and Communications Technology (ICT) sector has contributed 19.78% to Nigeria's real Gross Domestic Product (GDP). This is according to data released by the National Bureau of Statistics, NBS.The…
Telegram CEO’s arrest piles pressure on Toncoin
Telegram CEO's arrest in France has piled pressure on cyprtocurrency, Toncoin. Telegram CEO, Pavel Durov was arrested in France last Saturday over issues bordering on lack of moderation.Telegram is accused…
FCMB collaborates with stakeholders to boost Nigeria’s non-oil sector
First City Monument Bank (FCMB) and key stakeholders have called for urgent and transformative growth in Nigeria's non-oil sector, to position it as a cornerstone of the nation's economic development.…
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…
