NIGERIA’S GDP RECORDS GROWTH BY 3.46% IN Q4 – NBS

Nigeria's Gross Domestic Product (GDP) increased by 2.74% in 2023, a minor slowdown from the 3.10% growth rate in 2022. This is the lowest...

SOUTH AFRICA SOLAR STARTUP, HOHM ENERGY, RAISES $8 MILLION TO EXPAND ROOFTOP SOLAR INSTALLATION

South African solar energy startup, Hohm Energy, has secured an $8 million seed round to advance its rooftop solar installation product. This funding is...

NIGERIA’S GOVERMENT TO RAISE N10 MILLION TO STOP NAIRA DEVALUATION

It was disclosed on Tuesday that President Bola Ahmed Tinubu, ably represented at the inaugural Public Wealth Management Conference in Abuja is looking to...

SMEDAN LAUNCHES SELECT PROGRAM TO BOOST MADE-IN-NIGERIA PRODUCTS

The Small and Medium Enterprises Development Agency (SMEDAN) has initiated the 'SELECT' program, aimed at imrpoving the visibility and marketability of locally produced goods....

SAWARI VENTURES TO PROMOTE EGYPTIAN COMPANIES WITH $150 MILLION

Sawari Ventures, a Cairo-based venture capital firm, has announced plans to create a $150 million investment fund to promote Egyptian companies. According to Hani...

PZ CUSSONS NIGERIA PLC CALLS GENERAL MEETING OVER NEGATIVE NET ASSET POSITION

PZ Cussons Nigeria PLC has announced an extraordinary general meeting of its shareholders and stakeholders to address the company's negative net asset position as...

FAIRMONEY TO BID FOR $20 MILLION ALL-STOCK ACQUISITION OF UMBA

FairMoney, a digital bank headquartered in Paris and operated in Lagos, is in early talks to acquire Umba, a credit-focused digital bank that operates...

NAIRA DECLINES TO WORST RECORDED VALUE, HITS N2,000/1£

Another decline in the value of the Naira has been recorded earlier today. The Naira, Nigeria's local currency is currently trading against the Pound...

PARALLEX BANK LAUNCHES LAUNCHES NEW INNOVATION, RELEASES UPDATED MOBILE APP

Parallex Bank has released an updated mobile banking app called Parallex Mobile App 2.0. Dr Olufemi Bakre, Managing Director of Parallex Bank, said in...

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