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Tinubu blames privatization for current power sector crisis

Electricity featured

Nigeria isn’t poor, huge money moves below radar –

Finance

Access Holdings disowns unauthorised 2025 financial highlight release

Banking

South Africa’s inflation rises to 3.1% as cost pressures

Economy

Blog

Technology

COP27 summit: CSOs seek climate financing adaptation for Africa

Ahead of the 27th Conference of Parties to the UN Framework Convention on Climate Change in Egypt, the Civil Society Organisations from Africa have asked stakeholders to focus attention on finance adaptation issues in Africa.   The Executive Director, Pan African Climate Justice Alliance, Dr Mithika Mwenda, said this on Sunday ahead of the official […]

Life Style

Zenith Bank’s chair Jim Ovia clocks 71

Forbes listed, Nigerian businessman and founder of Zenith Bank, Jim James Ovia CFR CON celebrates as he clocks 71, November 4.   Jim Ovia was born November 4 1951 in Delta State. He was once named as one of the 50 richest people in Africa according to Forbes.   As expected, accolades have poured in […]

Business

Dangote, BUA shares gain N400bn in three days

Dangote Cement Plc and BUA Cement Plc’s shares gained N400 billion in the first three days of November 2022 amidst the current stock market sell-off due to the build-up to the 2023 general elections and interest rate hikes. The leading cement manufacturer listed on the NGX’s industrial goods sub-sector, Dangote Cement Plc, led the way […]

Business

OctaFX partners SMEs to celebrate financial independence

OctaFX has joined forces with 62 small and medium-sized Nigerian businesses to celebrate financial independence. The international broker joined forces with the businesses to launch Freedom Freebies: For People, Not Profit, a campaign designed to commemorate Nigeria’s sixty-second anniversary of independence. OctaFX collaborated with fashion brands, household item retailers, lifestyle businesses, and food apps, among […]

Business Energy

Nigerian Breweries, CrossBoundary Energy signs $10m solar power deal

The largest renewable energy project in Nigeria’s commercial and industrial sector is being developed by Nigerian Breweries Plc and CrossBoundary Energy under a $10 million solar power agreement. The two solar and battery storage hybrid projects will be built by CrossBoundary Energy for Nigerian Breweries’ facilities in Ibadan, Oyo State, and Ama, Enugu State, according […]

Stanbic Bank Kenya bets on startups with $100m investment
Banking

Stanbic Holdings announces 38% Q3 2022 profit

Stanbic IBTC Holdings Plc, has announced a 38 per cent growth in profit after tax in its third quarter period which ended September 30, 2022, which is significantly better than its 2021 Q3 statistics.   This shows a significant rise in jts earnings than that of Q3 2021.   According to Leadership, the group nine […]

Uncategorized

Jumia Nigeria’s Black Friday kicks off Nov 4

The 2022 edition of Jumia’s ‘Black Friday’ sales tagged ‘Beat Sapa’ kicked off today November 4, and will run till November 27.   The Company has urged consumers to leverage Jumia Black Friday to navigate economic challenges.   Jumia launched its 2022 edition of its Black Friday shopping event with the campaign, tagged ‘Beat Sapa’, […]

News Oil and Gas

Court extends Oando’s minority share acquisition deadline

Oando Plc has been granted a 90-day court-ordered extension to create and file the Scheme of Arrangement Document for the acquisition of shareholders’ minority shareholding. This was contained in a statement released on Thursday which also revealed that Venus Construction Company Limited, one of Oando’s minority shareholders, had petitioned the court to order Ocean and […]

Banking Economy

CBN’s plan to redesign naira purely political- Obaseki

Edo State Governor, Godwin Obaseki, has criticized the plan to redesign naira notes, asserting that it is solely a political initiative without any economic justification. He made the statement while while launching the Edo PDP Women Campaign Council at the Presidential Campaign Secretariat in Benin City the state capital. They say we should all bring […]

FG owes road contractors over N11tn – Fashola
News

FG owes road contractors over N11tn – Fashola

The Minister of Works and Housing, Babatunde Fashola (SAN) on Tuesday revealed that the federal government is owing contractors about N11.16tn for the construction of various highways across the country and certificates of completion. According to The PUNCH, Fashola made this known while defending the proposed budget of his ministry in the 2023 Appropriation Bill, […]

ECOWAS targets 70% sustainable energy by 2030
News Uncategorized

ECOWAS targets 70% sustainable energy by 2030

The Economic Community of West African States member states will have access to sustainable energy, the ECOWAS Centre for Renewable and Energy Efficiency has said. This was disclosed on Tuesday in Abuja during the closing ceremony of the seventh ECOWAS Sustainable Energy Forum 2022 by Francis Simpore, executive director of ECREE. “Our strategic objective is […]

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