Adesuwa Ezenwa, a former employee of First Bank of Nigeria Limited, has leveled serious allegations against billionaire industrialist Oba Otudeko, accusing him of orchestrating a massive...
Airtel Africa, a major player in telecommunications and mobile money services across 14 African nations, has announced the initiation of the second tranche of its $100...
The Nigerian equities market closed lower last week with the NGX All-Share Index (NGXASI) falling by 1.51% to close at 97,100.31 points. This decline reflects a...
Bitcoin declined by approximately 9% in August amid the US government’s decision to move $600 million worth of seized Bitcoin to a wallet on Coinbase, the...
As the October cocoa harvest approaches, optimism is growing among West African farmers buoyed by soaring cocoa prices. However, the industry faces persistent challenges, particularly from...
MTN Group Ltd., Africa’s largest wireless carrier by revenue, has reported its first loss in seven years due to the steep devaluation of the Nigerian naira....
Standard Bank, one of Africa’s leading financial institutions, is making strategic moves to deepen its investments in Nigeria and Angola, according to CEO Sim Tshabalala. The...
Nigeria has initiated a $2 billion dollar-denominated bond program targeting domestic investors to bridge infrastructure finance gaps. The program, arranged by United Capital Plc, is designed...
Oil prices declined marginally in early Asian trading on Monday as concerns over weaker demand from China, the world’s largest oil importer, persist. Brent crude oil,...
The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of August 19th, 2024 stood at...