Nigeria records 55% growth in FX flows
Nigeria has recorded a 55% increase in its foreign exchange inflows in the first half of 2024. This is according to the Central bank of Nigeria, CBN. According to the…
FG partners ICAC to revive cotton industry
Nigeria's cotton and textile industry is on the brink of a remarkable revival, thanks to the federal government’s partnership with the International Cotton Advisory Committee (ICAC).The aim of the collaborative…
South Africa to implement new National Health Bill
South Africa is set to implement a new National Health Bill. The bill is tagged 'National Insurance Bill''. It seeks to overhaul South Africa's entire health sector by limiting the…
Nigeria ranks 9th in African investment destinations
A Bloomberg report has ranked Nigeria ninth among top African investment destinations. This ranking was based on economic performance, market accessibility, investment climate, and social development of 31 African countries.Despite…
Bank of Ghana grants Flutterwave payment service provider license
Flutterwave, a leading Fintech company, has obtained an Enhanced Category Payment Service Provider license from the Bank of Ghana. This development marks a significant expansion of Flutterwave's operations in Africa,…
OurPass Secures Microfinance Banking License
The Central Bank of Nigeria has issued approval for Ourpass to operate as a microfinance bank in Nigeria.The Central Bank of Nigeria (CBN) has granted OurPass, a neobank in the…
NGX hit by Global Stock Market crash
The Nigeria Stock Exchange, NGX, was hit by the global stock market crash on Monday. The stock market crash began last Friday, triggering a major sell off in the European…
Crypto market liquidation crosses $1 Billion
The crypto currency market liquidation has crossed the $1 billion mark in the last 24 hours. This is according to data from CoinGlass.In crypto trading, liquidation can happen when a…
Nigeria’s public debt Stock projected to hit N130tn by year-end
Nigeria's total debt is expected to rise to N130 trillion by December 2024, up from N121.67 trillion in the first quarter of the year, according to a report by Afrinvest.…
BUA Foods records 38% growth in Q2 2024
BUA Foods has recorded 38% profit after tax despite the rising cost of production and the seemingly unpredictable business climate.According to its financial report for June 2024, BUA foods recorded…
