Emmanuel Ojukwu
- Business Report
- September 9, 2024
- 33 views
Bank of Industry Secures Historic €1.43bn in Global Loan Syndication, Marking Largest Transaction in its History
The Bank of Industry (BoI) has raised an unprecedented €1.43 billion in the senior phase of its global loan syndication, marking the largest funding round in the bank’s history. The…
- Business Report
- September 5, 2024
- 44 views
Nigeria’s Remittance Surge: CBN Reports Record $553m Inflows for July 2024
In a remarkable financial development, the Central Bank of Nigeria (CBN) has reported a historic surge in remittance inflows, reaching an unprecedented $553 million in July 2024. This figure marks…
- Business Report
- May 30, 2024
- 60 views
Nigerian Ports Authority Meets with Barge Operators to Boost Export Efficiency
The Nigerian Ports Authority (NPA) has engaged in crucial discussions with the Barge Operators Association of Nigeria (BOAN) to ensure the seamless evacuation of export cargo from the hinterland to…
- Business Report
- May 30, 2024
- 113 views
Jumia Nigeria Unveils State-of-the-Art Logistics Hub
Jumia Nigeria has inaugurated a cutting-edge integrated warehouse and logistics facility in Isolo, Lagos, aiming to significantly boost delivery efficiency. The launch, held on Tuesday, marks a pivotal advancement in…
- Business Report
- May 27, 2024
- 64 views
CBN Governor Yemi Cardoso Announces Impressive 136% Increase in Q1 FX Inflows Compared to 2023
The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, announced a remarkable surge in foreign exchange inflows during the first quarter of 2024, recording 136% of the…
- Business Report
- May 23, 2024
- 108 views
Central Bank of Nigeria Enforces New Licensing Rules for Bureau de Change Operators
The Central Bank of Nigeria (CBN) has mandated all existing Bureau De Change (BDC) operators to re-apply for new licenses in their preferred category. This was announced on Wednesday in…
- Business Report
- May 22, 2024
- 106 views
Airtel Africa Marks Significant Financial Milestone Amid Currency Fluctuation Challenges
Airtel Africa, a leading telecommunications and mobile money services provider announced that its subsidiary, Bharti Airtel International (Netherlands) B.V., has fully repaid its $550 million bond maturing on Monday. This…
- Business Report
- May 15, 2024
- 126 views
Legal Battle Looms Over Mandatory Registration for PoS Operators in Nigeria
Point of Sale (PoS) operators in Nigeria, represented by the National President of the Association of Mobile Money and Bank Agents, are gearing up for a legal showdown over the…
- Business Report
- May 8, 2024
- 55 views
Nigeria Orders 1.9 Million PoS Agents to Register With CAC to Curb Fraudulent Transactions
The Federal Government of Nigeria, through the Corporate Affairs Commission (CAC), has mandated 1.9 million Point of Sale (PoS) companies to register their businesses as part of anti-fraud measures. This…
- Business Report
- May 3, 2024
- 102 views
Zimbabwe’s Newly Launched Currency ZIG, Faces Low Acceptance by Citizens
Reports have revealed that the newly launched Zimbabwe currency the ZIG, which was introduced in early April, has been plagued with low acceptance by Zimbabweans. In late April, the Central…
