French media conglomerate Canal+ has made a move to acquire South African pay-TV giant MultiChoice for $1.7 billion. The offer, valued at approximately R31.7 billion, represents...
Amidst a backdrop of plummeting oil and gas prices, the efficiency gains of the U.S. oil and gas industry have emerged as a thorn in the...
The Central Bank of Nigeria (CBN) has intensified its efforts to stabilize the nation’s foreign exchange market and directed banks to release over $5 billion in...
As of February 2nd, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1500 NGN in the black...
The European Union has successfully negotiated a €50 billion financial support package for Ukraine following Hungarian Prime Minister Viktor Orbán’s decision to rescind his veto on...
Airtel Africa, one of Africa’s leading telecommunications giants, grew its customer base by 9.1% to 151.2 million, see complete details below. This significant expansion reflects the...
Billionaire Femi Otedola, Chairman of Geregu Power Plc, stands to earn N15.728 billion in dividends for the 2023 financial year following Geregu’s announcement of a final...
BUA Foods, a leading Food and Fast-moving consumer goods (“FMCG”) grew revenue by 74% from N418.348 billion in 2022 to N728.477 billion in the year ended...
The Nigerian Exchange Group experienced its most substantial single-day decline in January, shedding a N1.07 trillion on Wednesday. This sharp dip is the third consecutive decline...
The Central Bank of Nigeria (CBN) has issued a directive ordering Deposit Money Banks (DMBs) to divest their surplus dollar holdings by February 1, 2024. This...
