Access Holdings Plc Acquires Majority Stake in AfrAsia Bank
Access Holdings Plc Expands Its Pan-African Presence by Expanding into Maritius
MTN Group Reports 18.5% Drop in Q3 Service Revenue Amid Currency Challenges
Nigeria has taken a significant step toward revitalizing its industrial sector by signing a $1.2 billion agreement with China National Chemical Engineering Corporation (CNCEC). Announced on November 13, 2024, this…
Nigerian Federal Government to Clear Pension Backlog
The Nigerian Federal Government has announced a major initiative to clear long-standing pension arrears, with payments set to commence next week. This strategic move is aimed at addressing the pension…
Nigeria Eyes $5 Billion Trade Facility with Saudi Arabia
A strategic partnership between Nigeria and Saudi Arabia aims to strengthen economic reforms, diversify investments, and boost bilateral trade.
Nigeria’s Domestic Debt Soars to ₦66.957 Trillion in H1 2024
In the first half of 2024, Nigeria’s domestic debt surged to an unprecedented ₦66.957 trillion, reflecting an ongoing dependence on borrowing to meet fiscal demands and a response to structural…
Nigeria’s Surging Inflation: Impacts, Causes, and Strategic Investment Responses for 2024
Nigeria’s inflation rate has recently surged to 32.70% as of September 2024, marking the first significant increase in three months. This trend has been fueled by a mix of fuel…
Belemaoil Resumes Operations at Oil Lease 55 After Three-Year Shutdown
Belemaoil Producing Limited, a leading independent oil producer in Nigeria, has resumed operations at Oil Mining Lease 55 (OML 55) after a three-year hiatus. The suspension, which began in 2021,…
PZ Cussons Cuts Dividend by 44% Following Nigerian Currency Collapse
PZ Cussons, the British consumer goods giant behind popular brands like Imperial Leather and Carex, announced a sharp 44% reduction in its dividend on September 17, 2024. The move comes…