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Nigeria faces reclassification on MSCI indexes to Standalone Market Status
African countries in the MSCI Standalone Market Indexes are Botswana, Ghana, Senegal, Cote d'Ivoire, Burkina Faso and Zimbabwe.
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CBN announces guidelines for new forex policy
Governor of the Central Bank of Nigeria said the interbank forex window will be driven by market forces and will commence on ...
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MTN boosts capital spending in Nigeria after fine settlement
MTN said it will raise its capital spending in Nigeria to 11.1 billion rand (N144.8 billion) in 2016, from 5 billion rand (N65.2 ...
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CBN partners Ghanaian company to launch Collateral Registry
CBN said the NCR will usher in a secured lending regime in the country by minimizing the risks associated with lending to small ...
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Uber signs agreement with Ghanaian Ministry of Transport on ride-sharing
Uber is now operational in 13 African cities: Accra, Lagos, Abuja, Alexandria, Cairo, Mombasa, Nairobi, Casablanca, Kampala, ...
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Helios Investment Partners completes acquisition of Telkom Kenya
Some of Helios’ investments in Nigerian businesses include FCMB, a mid-sized Nigerian banking group; ARM, a leading ...
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New Nigeria infrastructure fund launches, targets initial $2 billion
NiFund will solicit commitments from both qualified private investors and development finance institutions.
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Nigeria’s inflation accelerates to 15.6 per cent
The inflation figures for May is the highest rate recorded by the NBS since February 2010 and comes after the federal government ...
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OPEC optimistic on oil market balancing
OPEC said oversupply in the crude oil market is set to balance in 2016.
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IHS Towers completes Helios Towers acquisition
IHS said it is committed to maintaining HTN's existing relationship and position with its bondholders.
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Microsoft to acquire LinkedIn for $26.2 billion
Microsoft said LinkedIn will retain its distinct brand, culture and independence.
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Nigeria's central bank report highlights woes in banking sector
The CBN report shows that total deposits in the Deposit Money Banks dropped by 5.6 per cent or N1.029 trillion.
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NSE’s All Share Index falls by 1.45 percent
The NSE 30 Index fell by 1.51 percent to close at 1,210.68 points; the NSE Banking Index fell by 0.96 percent to close at 276.29 ...
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FMDQ, Nigeria Mortgage Refinance Company sign MoU on real estate financing
FMDQ, in partnership with NMRC, will launch initiatives and campaigns to educate the market on mortgage-related debt ...
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MTN agrees to pay N330 billion in final settlement of Nigeria fine
The deal requires MTN to pay N30 billion in July 2016 and another N30 billion in March 2017.
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Three Nigerians confirmed to receive Queen’s Young Leadership Award
The Award winners are working to raise awareness and inspire change on a variety of issues including education, climate change, ...
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Facebook-sponsored cyber security competition to hold in Lagos
CyberXchange Hackathon competition will hold on November 2-3, 2016 at the Landmark Event Center, Victoria Island, Lagos.
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UBA to receive $150 million line of credit from AfDB
UBA will use the LOC to finance infrastructure development in Nigeria, particularly in the power sector.
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World Bank cuts Nigeria’s 2016 growth forecast to 0.8 per cent
The World Bank said economic activities in Sub Saharan Africa’s three biggest economies – Nigeria, South Africa, and ...
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Actis new Africa real estate fund beats target
Actis Africa Real Estate Fund 3 will invest predominantly in prime retail, office, and industrial developments in the capital ...
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Union Bank unveils new branch for elite banking clients
The new Elite Banking Lounge allows customers to access the bank’s products and services, including premium ...
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