Banking E-Payment Tech & Solutions Investments/Capital Market Latest News Planning & Economic Development Technology Telecomms

Another Nigerian Fintech Startup Raises $13Mn In Seed Funding

Barely two weeks after one of Nigeria’s fintech, Duplo, concluded its seed funding round with resounding success, another Nigerian fintech startup, NowNow Digital Systems, has raised $13 million in its seed round to improve financial inclusion across Africa by providing financial services to the unbanked and under-banked in the continent. The digital payment firm’s funding […]

Banking Foreign Exchange (Forex) Investments/Capital Market Latest News Planning & Economic Development

Naira Depreciates At P2P Market To N706/$, Gains At Black Market

The Naira exchange rate at the cryptocurrency peer-to-peer FX market dropped by 0.22% to N706.54/$1 on Wednesday morning, down from the N704.99/$1 that the currency traded as of the same time the previous day. However, according to information obtained from black market operators, the Naira on the other hand appreciated slightly by 0.14% on Wednesday […]

Banking Budgeting Investments/Capital Market Latest News National Assembly Planning & Economic Development

NASS Lauds SEC’s Management On Fiscal Sustainability

The House of Representatives Committee on Finance has commended the Securities and Exchange Commission’s (SEC’s) management on decisive steps taken in ensuring that it attains fiscal sustainability in the nation’s capital market regulatory agency. The Chairman of the committee, Hon. James  Faleke, who gave the commendation during the 2023-2025 Medium Term Expenditure Framework/Fiscal Strategy Paper (MTEF/FSP) interactive session with […]

Banking Budgeting Investments/Capital Market Latest News National Assembly Revenue

NASS Lauds SEC’s Management On Fiscal Sustainability

The House of Representatives Committee on Finance has commended the Securities and Exchange Commission’s (SEC’s) management on decisive steps taken in ensuring that it attains fiscal sustainability in the nation’s capital market regulatory agency. The Chairman of the committee, Hon. James  Faleke, who gave the commendation during the 2023-2025 Medium Term Expenditure Framework/Fiscal Strategy Paper (MTEF/FSP) interactive session with […]

Agriculture & Agribusiness Banking Budgeting Latest News Planning & Economic Development

NIRSAL MFB Issues Final Demand Notice To ABP Loan Defaulters

NIRSAL Microfinance Bank Limited (NMFB) on Tuesday issued a final demand notice to defaulting beneficiaries of the Anchor Borrowers Programme (ABP) loans disbursed by it, warning that failure to offset their outstanding debts will lead to serious consequences. The MfB’s management, in a statement, indicated that the final demand notice was sequel to the Central […]

Banking Investments/Capital Market Latest News Planning & Economic Development

Equities Market’s Investors Lose N186Bn As Bears Hold Sway

Trading activities on the Nigerian equities market ended bearish on Tuesday as sell-off persists in major blue chip stocks. Consequently, The Nigerian Exchange Limited (NGX) All Share Index (NGX ASI) and the market capitalization decreased by 0.69%, while the Year-to-Date (YTD) return stood at 16.22%. According to information provided by the market regulators, the All Share Index […]

Agriculture & Agribusiness Banking Budgeting Environment Latest News Planning & Economic Development

EIB President Supports Africa’s Climate Adaptation Projects

European Investment Bank (EIB) has expressed its readiness to collaborate with African governments on accelerating climate adaptation in the continent. The EIB President, Werner Hoyer, made the promise at the Africa Adaptation Summit, the first-ever global summit to focus solely on accelerating climate adaptation in Africa organized by the Global Center on Adaptation (GCA), in […]

Budgeting Economy News Extra Latest News Manufacturing Oil & Gas Planning & Economic Development Revenue

LCCI Sets Economic Growth Policy Priorities For FG

Lagos Chamber of Commerce and Industry (LCCI), one of Nigeria’s leading organized private sector (OPS) advocacy groups, on Tuesday set some key priorities for the Federal Government to concentrate on  to achieve the objectives of its  ongoing economic recovery agenda and by so doing, improve the socioeconomic well being of the citizenry. The OPS group, […]

Budgeting Latest News Planning & Economic Development Revenue Taxation Technology

Tariff Hike: Tribunal Dismisses Suit Against MultiChoice

… orders firm to submit audited financial statement   The Competition and Consumer Protection (CCPC) Tribunal sitting in Abuja on Tuesday refused to grant the prayers of a complainant over the recent hike of pay TV subscription rates by MultiChoice, the operator of DStv and Gotv, in the country. The three-member tribunal, headed by Mr […]

Agriculture & Agribusiness Banking Budgeting E-Payment Tech & Solutions Environment Infrastructure & Capital Projects Latest News Planning & Economic Development Political Economy Revenue Sanitation & Hygiene Matters

Africa Needs $127Bn Yearly For Climate Change Financing Gap – Adesina

The President of African Development Bank Group (AfDB), Dr. Akinwumi Adesina, has projected that Africa would require between $100 billion to $127 billion yearly between now and  year 2030 to bridge climate change financing gap in the continent. The AfDB President, who gave these figures on Monday in his paper delivered at the Africa Climate […]