Nigeria
12 Nigerian Internet Service Providers Fail to Renew Licenses
Twelve Nigerian Internet service providers (ISPs) have failed to renew their licenses, highlighting financial and operational challenges within the sector. Each renewable license ...
Nigeria
Nigeria: Senators Propose Using Gold to Boost Nigeria’s External Reserves
Nigerian lawmakers are advocating for an expansion of the Central Bank of Nigeria’s (CBN) powers to include the use of gold to bolster ...
News
Nigeria Ranks Fourth in Intra-Africa Trade, Following South Africa, Cote d’Ivoire, and Egypt
Nigeria has secured the position of the fourth-largest contributor to intra-Africa trade in 2023, trailing behind South Africa, Cote d’Ivoire, and Egypt, according ...
News
Nigeria: UBA’s Group Managing Director Alawuba Appointed Chairman of CIBN Body of Banks CEOs
Oliver Alawuba, the Group Managing Director/Chief Executive Officer of United Bank for Africa (UBA) Plc, has been appointed as the Chairman of the ...
Nigeria
Nigeria: Finance Minister Urges SEC to Address Cryptocurrency Regulation Challenges
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called on the newly inaugurated board of the Securities and ...
News
Nigeria: World Bank Appoints Ndiamé Diop as New Country Director for Nigeria
The World Bank has appointed Dr. Ndiamé Diop as the new Country Director for Nigeria, succeeding Shubham Chaudhuri. Dr. Diop officially assumed the ...
Nigeria
Nigeria: Finance Minister Urges SEC Board to Embrace Innovation in Capital Market Regulation
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has called on the newly inaugurated board of the Securities ...
Africa
African Remittance App Nala Raises $40 Million to Go Global
Money transfer fintech Nala has secured $40 million in Series A funding to drive its global expansion and enhance payment reliability to Africa ...
Kenya
Kenya Misses Tax Collection Target by $2 Billion Despite Raising Taxes
Despite the tax hikes introduced in Kenya’s 2023/2024 Finance Bill, the Kenya Revenue Authority (KRA) fell short of its tax collection target by ...
Kenya
Kenya: Moody’s Downgrades Kenya’s Credit Rating After Ruto Withdraws Controversial Tax Bill
Moody’s, the credit rating agency, has downgraded Kenya’s sovereign rating to junk status, citing the country’s reduced ability to meet its debt obligations. ...