13 banks Generate N2.04 Trillion From CBN’s increase in Monetary Policy Rate (MPR)
Since the Central Bank of Nigeria, CBN introduced a hike in the Monetary Policy Rate (MPR) from 11.5 per cent to 13 per cent in June 2022, 13[more...]
Category: Business
Again Dangote Emerges Most Valuable Brand of the Year
Dangote Industries Limited (DIL), has emerged as the Most Valuable Brand in Nigeria for a record 5th year in a row at the outcome of[more...]
Udom Emmanuel Ahead of the Pack in Industrial Revolution in Nigeria
The Governor of Akwa Ibom State, Udom Emmanuel would have established several industries and key infrastructures across the state by the time he leaves office[more...]
Agricultural Imports Hit N907.8 Billion in 2022
The effect of global inflation on the economies of some countries has continued to bite harder with Nigeria experiencing a 17.94% increase in imported food[more...]
Germany Takes Control of Two Russian Owned Refineries
The German government has taken temporary control of two subsidiaries of the Russian energy giant Rosneft. The move by the government puts it in charge[more...]
Nigerian cashew Capable of Generating $1.2bn for the Economy – Expert
Mr Krishanu Chakravarty, Chief of Party, TechnoServe of Prosper Cashew, has said Nigerian cashew sector has the capacity of making 1.2 billion U.S. dollars between[more...]
Amazon Dominates Online Marketplace with 5.6 Billion Monthly Visits
Amazon continues to be the undisputed leading online marketplace. According to the numbers presented by SafeBettingSites.com, the American e-commerce platform attracts 5.6 billion customer visits[more...]
Quickteller Engages Customers Through Dubai Promo
The third edition of the acclaimed biggest musical festival export from Africa, the Interswitch One Africa Music Fest, is back and even bigger. Like last[more...]
5 Funding Opportunities Available to African Women
The disparity between men and women in Africa fails to reflect the relevance of female participation in economic activities. With the growth of female representation[more...]
The Worsening Cost of Living in Nigeria, Kenya, Ghana and South Africa
As African currencies weaken against the dollar and central banks push rates up, the continent faces a cost of living crisis. Many businesses and households[more...]
5 African Countries with the Best Quality of Life Index Scores
The quality of life index measures living conditions within countries, using quantifiable yardsticks such as the purchasing power of the people and the quality of[more...]
6 Ways to get Funding for Your Business in Africa
Building the business you want is difficult or almost impossible if you can't raise money. In addition to establishing a sound business plan, new and[more...]
Ikeja Electric Solicits Community Support to Tackle Energy Theft, Vandalism
In continued effort to curtail the rising cases of energy theft and vandalism amidst huge investment on power infrastructure, Ikeja Electric, Nigeria’s largest electricity distribution[more...]
The 10 Largest Banks in Africa Based on Asset and Size
Findings by Statista, the leading markets and consumer data provider show that Kenya and Egypt have the highest concentration of commercial banks at 39 and[more...]
11 African Countries that Gained Independence Under Queen Elizabeth’s Rule
The 20th century for Africa marked an era of liberation. Marred by wars and revolutions, this era brought about a public enlightenment that is still[more...]
Flour Mills Nigeria Posts N1.2bn Revenue
The Flour Mills of Nigeria Plc, a food and agro-allied company, says its revenue stood at N1.2 billion as at March. Its Chairman, John Coumantaros,[more...]
5 Sub-Saharan African Countries with the Richest Mineral Reserves Outside Oil.
Deep in the motherland of Africa lies an abundance of natural resources. These minerals, with proper exploration and extraction, can make the continent one of[more...]
AfDB to Provide $12.5bn Support For Africa Adaptation Programme
Dr Akinwumi Adesina, President of the African Development Bank (AfDB) Group says the bank will provide 12.5 billion dollars to support the Africa Adaptation Acceleration[more...]
All You Need to Know About Jumia Brand Festival 2022
If there is anything we as humans love, it's hearing that we can get something for free or at great discounts! Luckily for us, Nigeria's[more...]
The 7 Worst-Performing African Currencies in 2022
The Zimbabwean dollar has been rated the worst-performing currency in Africa against the United States dollar. The Sudanese pound was rated the second worst-performing currency[more...]
