Afreximbank woos African investors with $30bn credit to exploit opportunities in Russia
Onome Amuge The African Export–Import Bank (Afreximbank) has announced a credit limit of 30 billion dollars under the African Trade
Nigerians face hardship onslaught, soaring inflation in August, says PwC
By Onome Amuge. Petrol subsidy removal and the adoption of a managed float exchange rate system is likely to mount additional
IMF sees slowdown in Nigeria’s economy to 3% in 2024
By Onome Amuge. The International Monetary Fund (IMF) has projected a decline in Nigeria’s economic growth for 2023 and 2024, to 3.2
NLC threatens indefinite nationwide strike from August 2 over FG’s anti-poor policies
The Nigeria Labour Congress (NLC) has issued the federal government a seven-day ultimatum to reverse all perceived anti-poor
African fintech deals plunge as fintech firms raise $189m in Q2 2023
By Onome Amuge. African fintech companies raised a total of $189 million in the second quarter of 2023, but this was a 64 per cent
CBN monetary policy committee raises interest rate to 18.75%
By Onome Amuge. The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has in its July 2023 meeting, raised the
Food prices set global inflation loose, raising security concern
By ONOME AMUGE. Domestic food prices maintained an upward trajectory, marked by high inflation figures around the world as
FAAC allocation to federal govt, subnationals rises to N907.054bn in June
By Onome Amuge. The Federation Account Allocation Committee (FAAC) has shared a total sum of N907.054 billion federation account
FIRS records historic N5.5trn tax revenue in six months
By Onome Amuge. The Federal Inland Revenue Service (FIRS) says it generated a total tax revenue of N5.5 trillion in the the half-year
MyCover.ai secures $1.25m pre-seed funding to expand insurance footprint in Africa
By Onome Amuge. MyCover.ai, the insurtech startup building Africa’s digital insurance infrastructure, has announced the close of a