Africa Union Chairman Macky Sall says he’ll visit Russia and Ukraine to lobby for an end to blockade on essential grain exports to Africa
President Macky Sally of Senegal, who also serves as Chairman of the African Union (AU), said he would be visiting...
Nigerians made $274.6 billion worth of e-payments in the first 4 months of 2022
Between January and April 2022, Nigerians performed N114.8 trillion ($274.6 billion) worth of electronic transactions. This is according to latest...
FALL OF THE GHANAIN CEDI AND WAY FORWARD
Is the Ghanaian Cedi on a free-fall? Some seems to think so. According Bloomberg, the Ghanaian Cedi is the worst...
TotalEnergies is selling off its 10% stake in 13 Nigerian onshore oilfields
It’s been confirmed that TotalEnergies SE is now among the top international oil companies divesting their stakes from Nigeria’s onshore...
Weak Naira, rising food prices drag Nigeria’s inflation rate for April to 16.82%
Inflation in April 2022 increased to an 8-month high of 16.82 per cent amid rising food prices and weak Naira...
Nigerian billionaire and Chairman of Zinox Group, Leo Stan Ekeh, might be planning a takeover bid for Jumia.
A source with insider knowledge of the situation told Nairametrics, a Lagos-based business publication, that the businessman “is replicating the...
Zimbabwe has suspended banks from lending money to private companies and government agencies
On Saturday, the President of Zimbabwe, Emmerson Mnangagwa, issued an executive order that banks should stop extending loans following the...
JP Morgan delists Nigeria from emerging market list, as govt plans another $950m debt
JPMorgan has removed Nigeria from its list of emerging market sovereign recommendations over its fiscal woes. The global financial institution...
Maradona ‘Hand of God’ jersey auctioned for N3.8bn
The jersey worn by Argentine football legend, Diego Maradona, when he scored the famous “Hand of God” goal against England...
Dangote Cement raises N116 billion to refinance debts
Dangote Cement has raised N116 billion from banks and high networth individuals to repay the cement business rising debt, as...