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NSIA Reports N1.18trn 2023 Profit, Receives $96m Oil Price Royalty
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The Nigeria Sovereign Investment Authority (NSIA), managers of the country’s Sovereign Wealth Fund (SWF) reported a 1,057% increase in profit for the year 2023 to...
West Africa Takes 43.5% of Afreximbank Loans in 2023 as Profit Hits $756.1 million
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The West Africa region led by Nigeria, took the lion’s share of loans disbursed by Afreximbank as at December 2023 as the Cairo based...
New York Metro Area Hit With 4.8 Magnitude Earthquake
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An earthquake shook the densely populated New York City metropolitan area Friday morning, the U.S. Geological Survey said, with residents across the Northeast reporting...
NERC Sanctions Abuja DisCo For Wrongly Billing Customers With New Electricity Tariff
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The Nigerian Electricity Regulatory Commission (NERC) has imposed sanctions on the Abuja Electricity Distribution Company (AEDC) for wrongly applying the new electricity tariffs on some residents...
Customers Accuse African Alliance of Fraud Over Unpaid Claims Amid Solvency Crisis
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Disgruntled customers have accused African Alliance Plc of financial shenanigans over unpaid claims as the insurer that is technically insolvent seemingly doesn’t have the...
Nigerian Banks Set to Raise N3.57trn in Fresh Capital
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Nigerian banks are expected to raise N3.57 trillion in fresh capital within the specified timeframe of the Central Bank of Nigeria (CBN) which recently...
Africa Private Capital Deals Slump 22% to $5.9bn in 2023
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Africa's total private capital deal volume declined for the first time since 2016, falling to 450 reported deals in 2023 at $5.9bn marking a...
Oil Prices Near Six-month High After Israel Bombs Iran consulate
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Oil prices have risen more than 10% this year, and they’re near a six-month high after after Israeli jets dropped bombs on Iran’s consulate...
Dangote, Adenuga, Abdulsamad, Otedola make Forbes 2024 Richest List
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Forbes has listed Nigerian businessmen, Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu and Femi Otedola, as the top richest Nigerians in 2024.
This comes as the...
Transcorp Hotels Plc Delivers Strong Performance in 2023
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… with 36% Year-on-Year revenue growth
Transcorp Hotels Plc the listed hospitality subsidiary of Transnational Corporation Plc has released its audited 2023 full-year results, showing...