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News
Globacom at 23: The indigenous imagination that rewired Nigeria???s digital destiny
1+ day, 12+ hour ago (925+ words) Globacom at 23: The indigenous imagination that rewired Nigeria’s digital destiny Business News Nigeria - Globacom at 23: The indigenous imagination that rewired Nigeria’s digital destiny There are companies that participate in history, and there are companies that alter its trajectory. At 23, Globacom…...
ipNX executives named among Nigeria???s 50 most influential digital economy leaders
1+ day, 15+ hour ago (183+ words) ipNX introduced its flagship FOS Xtreme Broadband series into the Nigerian market in 2020 Three senior executives of ipNX Nigeria have been recognised among the 50 Most Influential Figures in Nigeria’s Digital Economy at the 15th West Africa Convergence Conference (WACC). The recognition…...
Angola???s inflation falls to single digits for first time in nearly 11 years
1+ day, 16+ hour ago (534+ words) Source: African Capital Markets Angola’s annual inflation rate has fallen below 10 percent for the first time in nearly 11 years, strengthening signs that price pressures are easing after years of high inflation and giving the central bank more room to consider…...
Falling inflation is not the same as falling prices
2+ day, 17+ hour ago (556+ words) Nigeria’s inflation story has changed dramatically over the past year. The country is no longer battling runaway price growth; it is confronting a more difficult challenge: convincing households that economic stability matters when the cost of living remains painfully high....
Investors strong demand fails to stop 1-year Treasury bills rate rise
2+ day, 21+ hour ago (608+ words) The Central Bank of Nigeria raised the interest rate on one-year Treasury bills to 17.59 percent on Wednesday, despite investors submitting N4.19 trillion in bids for just N500 billion on offer. Results of the Treasury Bills Primary Market Auction showed that the 364-day…...
Lagos targets food security, strengthens distribution value chains
3+ day, 14+ hour ago (333+ words) …as Sanwo-Olu unveils mid-level Agege hub In what is targeted at strengthening food security and improving the efficiency of food distribution across Lagos, Nigeria’s arguably most populous state, the government on Wednesday commissioned a Mid-Level Agro-Produce Hub at Pen Cinema, Agege....
Olorundero backs women building PR businesses in Nigeria
3+ day, 14+ hour ago (443+ words) Tolulope Olorundero, communications entrepreneur and founder of PRWF Global and Mosron Communications, has launched an annual cash prize to support young female founders of public relations agencies and consultancies in Nigeria. The Tolucomms Prize for Tenacity will be open to…...
South Africa???s unemployment rate hits four-year high at 33.6%
3+ day, 13+ hour ago (339+ words) South Africa’s unemployment rate rose to a four-year high, underscoring the economy’s persistent struggle to create enough jobs to absorb its growing labour force. Data by Statistics South Africa, indicates that the rate rose to 33.6 percent in the second quarter…...
Investors snap up AG Mortgage Bank???s N3.97bn commercial paper with 100% subscription
3+ day, 17+ hour ago (759+ words) AG Mortgage Bank Plc has significantly bolstered its liquidity position after investors completely snapped up its N3.97 billion Series 2 and 3 Commercial Paper (CP) issuance. By achieving a 100 percent subscription rate, the bank has secured critical, cost-effective short-term funding that will enable…...
UBA, Mikano make car ownership easier with 70% financing offer
4+ day, 16+ hour ago (652+ words) United Bank for Africa Plc and Mikano Motors have partnered to make new vehicle ownership more accessible to Nigerians through a financing scheme that allows eligible customers to pay 30 percent upfront while UBA finances the remaining 70 percent. The initiative, tagged…...