The International Air Transport Association disclosed yesterday that funds trapped by foreign carriers operating in Nigeria and other African countries have reached $1.68 billion. This was announ...
Zazuu, a London-based fintech company aiding cross-border payment networks in Africa, has announced that it will shut down due to a lack of funding. Before now, the firm has raised $2 million in diffe...
Investors at the Nigerian Stock Exchange saw a net gain of N144 billion at the close of the market last week, which was attributed to the positive global sentiments that pushed investors across the ma...
Nigerian Breweries Plc has announced its plans to acquire two subsidiaries of Heineken worth a value of about N7.01 billion to strengthen the operations of Heineken and its subsidiaries in Nigeria.Nig...
The Ministry of Power has disclosed that the federal government has sealed a contract worth $2.2 billion for a solar PV deal with Sun Africa. This development was announced by the Minister of Power, B...
The Court of Appeal today in Abuja nullified the election of the Governor of Kano State, Abba Kabir Yusuf. The verdict was acted upon by a three-member panel of justices that disclosed that Abba Kabir...
Nestle Nigeria recently released its foreign exchange for the first nine months of 2023, and it shows that the firm recorded a loss of N127.46 billion, far from the corresponding year that settled at ...
MultiChoice Group Ltd. has announced its third consecutive semi-annual loss and blamed the financial challenges it witnessed on foreign exchange in Nigeria (naira devaluation) and steady power outages...
Paystack has announced its plan to reduce its operations outside of Africa, reducing the number of employees in Europe and Dubai, affecting 33 employees working with the payment platform. This an...
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On Thursday, the foreign exchange (FX) market opened with the dollar trading at N1,135 at the parallel market. This rate was the same as how the market closed on Wednesday.An operator in the black mar...