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...]
Category: Business
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...]
Construction Giants, Julius Berger Unveils N14 Billion Mega Cashew Processing Plant in Lagos
Foremost construction company, Julius Berger Nigeria Plc, JBN is set to grab a huge chunk of Nigeria's booming cashew industry with the inauguration of its[more...]
Nigeria Signs Agreement with Poland on Agriculture
Nigeria and Poland have signed a Memorandum of Understanding, MOU on Agriculture. Both countries also pledged their willingness to enlarge the fields of economic cooperation[more...]
Intercontinental Hotels Group Hit by Cyber Attack
Holiday Inn owner, Intercontinental Hotels Group, has confirmed the company has been hit by a cyber attack. IHG, which has some of the world's largest[more...]
DSTV-GOtv Price Hike: Tribuna Orders MultiChoice To Produce Financial Report
A Competition and Consumer Protection (CCPC) Tribunal in Abuja, has invited MultiChoice Nigeria Managing Director, John Ugbe. The tribunal on Tuesday, September 06, 2022, asked[more...]
Emerging Technologies: Nigeria to Partner with Africa Creative Market
The Nigerian Government is to partner with Africa Creative Market to identify and train talented Youths in the nation’s creative industry on emerging technologies. This[more...]
Kenya Ranks First in The Use of Digital Payments Across Africa – VISA Survey
According to the report, 56% of Kenyan businesses prefer to use mobile wallets compared to Nigeria (14%) and South Africa (7%). The adoption of mobile[more...]
Messi, Ronaldo’s Earnings Higher Than Osun, Nasarawa Budgets
The budgets of Osun, Nasarawa, Enugu and seven other states in the country are less than the annual earnings of 10 top athletes in Europe[more...]
African Fintech Revenues to Soar to $30.3 Billion – McKinsey Report
According to the report, the COVID-19 pandemic has accelerated trends toward digitalization and created a fertile environment for new technology players. Financial-service revenues in Africa[more...]
POS Transactions Hit N4.6 Trillion in 7 Months
The value of cashless transactions made via Point of Sales, POS in Nigeria recorded a huge leap from January to July 2022 as the figures hit N4.6[more...]
Investment Flow to Africa Reached a Record $83 Billion
European investors remained by far the largest holders of foreign assets in Africa, led by the United Kingdom ($65 billion) and France ($60 billion). Southern[more...]
Africa’s Fintech Industry Expected to Grow 10% Yearly With Revenues Hitting $230 Billion
African fintech revenues are expected to hit $230 billion by 2025 as industry growth soars 10% annually. The projected growth is driven by several factors,[more...]
Kenyan Court Freezes Flutterwave’s Accounts
Justice Grace Nzioka said the company is prohibited from spending or transferring the funds. The Assets Recovery Agency of Kenya is trying to have the funds[more...]
Court Stops Buhari, NBC From Shutting Down AIT, Silverbird, 51 Others
A Federal High Court in Lagos has stopped President Muhammadu Buhari and the National Broadcasting Commission (NBC) from revoking the licenses of 53 broadcast stations[more...]
7 Business Opportunities that will Make More Millionaires in Africa
Africa is a continent filled with immense business opportunities driven by available resources, technology, and huge markets. Already, the continent is home to over 136,000[more...]
Meet Alain Capo-Chichi, the Ivorian Entrepreneur who is Building a Locally-Owned Smartphone Brand
Alain Capo-Chichi is the brain behind the newly launched Open G smartphones in Ivory Coast. He said he was inspired to build the phone so[more...]
