Business a.m. The Creative Industries Initiative for Africa (CIIFA), a leading organisation dedicated to nurturing and promoting creative talent across Africa has initiated a partnership with Google in launching the second cohort of the…
Business a.m. The Stanbic IBTC Purchasing Managers Index (PMI) plunged to a seven-month low in June, indicating a slowdown in the Nigerian economy driven by weaker demand and price pressures. The monthly survey, which is used as a leading…
Business a.m. Nigeria’s economy is experiencing a surge in foreign investment, with capital importation jumping by 210 percent quarter-on-quarter to $3.38 billion in the first quarter of 2024 from $1.09 billion recorded in the fourth…
CYNTHIA EZEKWE IN LAGOS As the cost of living continues to soar, an increasing number of Nigerians are seeking out credit facilities from financial institutions to finance their daily expenses, a move that has become a widespread coping…
Joy Agwunobi The age-old struggle of youth unemployment is now facing a promising contender in Africa, given the rising penetration of Large Language Models (LLMs) and AI. As these technologies continue to advance, industry experts observe…
Onome Amuge Agritourism, the fusion of agriculture and tourism has emerged as a unique tourism practice that blends agriculture with tourism services, offering a significant opportunity to stimulate rural development, encompasses…
Business a.m. A total of 2,659 members of the National Youth Service Corps (NYSC) across Nigeria have been pre-qualified for the final phase of the NNPC Foundation Business Pitching Exercise. Billed to hold from July 2nd to 10th, 2024, the…
Cynthia Ezekwe A call by Olusegun Omosehin, Nigeria’s insurance commissioner and chief executive officer of National Insurance Commission (NAICOM), is spurring actuaries operating in the Nigerian insurance market to investigate and seize…
Onome Amuge Sahara Group, an international conglomerate with significant investments in energy and infrastructure, has issued a call for the urgent protection and rehabilitation of Africa’s natural carbon sinks, which include forests,…
Joy Agwunobi The Nigerian cryptocurrency market has witnessed explosive growth, with a market value estimated to be in excess of $400 million, making it a subject of keen interest for domestic and international stakeholders. The…
Onome Amuge The growing reliance on debt instruments by the Nigerian government without corresponding increases in revenue-generating investments could have detrimental effects on the country’s economic outlook in the long run, according…
PHILLIP ISAKPA IN LONDON, UK The lingering delay by the Central Bank of Nigeria (CBN) to reach a final resolution on its controversial position over $2.4 billion worth of foreign exchange forward trading contracts is creating an…
Business a.m. Ecobank Nigeria Limited, a leading pan-African bank, has announced its dedication to support the exportation of Adire, a locally-produced textile, through leveraging the African Continental Free Trade Agreement (AfCFTA). The…
Onome Amuge A surge of financial energy has been reflected on the Nigerian Exchange Limited (NGX), as the latest domestic and foreign portfolio participation in equity trading report released by the NGX showed that total transactions on…
Business a.m. The Nigerian naira has been ranked the worst-performing currency globally in the first half of 2024, according to a recent report released by Bloomberg. The report identified several factors that contributed to the naira’s…
Cynthia Ezekwe Shareholders of Sterling Financial Holdings Company Plc have granted the board’s request to raise fresh funds amounting to N200 billion, set to fortify the organisation and pave the way for sustained growth. This…
Airports are intricate centers of activity that enable the efficient flow of tons of freight and millions of people every day. Among all leisure destinations worldwide, There are unique in their scope as gambling hubs that have also online…
Joy Agwunobi In a move towards enhancing financial inclusion and improving the standard of living for Nigerians, the Nigerian Consumer Credit Corporation (CREDICORP) has announced a strategic partnership with the National Identity…
The Senate has approved an amendment to the 2023 Appropriation and Supplementary Act, extending the implementation periods of both budgets to December 31st, 2024. This revision, Business a.m. gathered, allows for the simultaneous…
Onome Amuge Moniepoint MFB,Africa’s fastest growing financial institution according to the Financial Times,has reiterated its commitment to providing peerless and holistic support for Micro, small and medium enterprises (MSMEs) in order to…
Business a.m. The African Public Relations Association (APRA) has issued a call to the Kenyan government, urging them to prioritise the well-being and best interests of their citizens. This statement was made in response to the widespread…
Business a.m. Africa Finance Corporation (AFC), the continent’s premier infrastructure solutions provider, has closed a $150 million senior loan with Kamoa Copper, a key player in the Congolese mining sector. The loan by AFC, who acted…
Business a.m. Nigeria’s economic inflows from foreign sources soared to $24 billion during the first quarter of 2024, according to a recent statement from Olayemi Cardoso, Nigeria’s central bank governor. Cardoso, in an interview with…
The management of Dangote Petroleum Refinery, has assured the general public that the company, located near Lekki in Lagos, is operating normally, following a minor fire incident at its effluent treatment plant. Anthony Chiejina, the…
Joy Agwunobi LG Electronics has continued to solidify its position as a leader in home appliances with the launch of its latest innovation named Wash Tower to the Nigerian market. The cutting edge appliance is a combination of washing…
Cynthia Ezekwe The Nigerian Agricultural Insurance Corporation (NAIC) has provided insurance coverage worth N1.014 trillion to agricultural projects across Nigeria in the past five years, as part of its commitment to strengthen the…
Joy Agwunobi Once a luxury, now a necessity, the internet has become the lifeblood of modern society. From real-time communication across countries to learning online, it has become a vital tool for millions around the world. Despite this…
Business a.m. Dangote Sugar Refinery (DSR) Plc has announced an ambitious N200 billion capital raising programme aimed at strengthening the company’s balance sheet and facilitating greater diversification. The leading player in the…
Business a.m. The Central Bank of Nigeria (CBN) has mandated Deposit Money Banks (DMBs) and International Money Transfer Operators (IMTOS) to implement a crucial change in their diaspora remittance processes. Effective immediately, all…
The green hydrogen molecule has the potential to convert hard-to-decarbonize segments of the economy, but regulations stand in the way, according to a panel of experts who spoke at Wharton. As April 2024 wound up, the Biden administration…