Flutterwave launches Swap, a digital FX solution Flutterwave, Africa’s leading payments technology company has announced the launch of Swap, powered by Flutterwave, in partnership with Wema Bank and Kadavra BDC. Swap is a cutting edge solution that is backed by the Central Bank of Nigeria (CBN) to serve[Read More…]
Oyetola says 6,000 cargoes abandoned at Apapa, Tin Can ports since 2011 Minister of Marine and Blue Economy, Adegboyega Oyetola, said about 6,000 abandoned cargoes are lying at Apapa and Tin Can ports uncleared since 2011. Oyetola stated this during his visit to the Nigerian Shippers’ Council (NSC) office[Read More…]
Unity Bank Grows Gross Earnings to N27.5bn in H1’2023
FG tells Discos to set up customers centres The Federal Government has ordered power distribution companies to deploy customer engagement platforms within the next three months, beginning from September 1, 2023. The directive meant the Discos must install the facilities before January 2024. It gave the order through the[Read More…]
G20 Summit: Elumelu wants India to invest in Nigeria The Chairman of Heirs Holdings Group, Tony Elumelu, has urged the Indian private sector to invest in Nigeria because it poses a huge market on the African continent. Elumelu told the Indian investors to seize the opportunity to invest in[Read More…]
Nigeria lost N16.25 trillion to oil theft in 11 years- Abass The Speaker of Nigeria’s House of Representatives, Tajudeen Abbas, said the country lost about N16.25 trillion to crude oil theft between 2009 and 2020. Abbas made the statement in Abuja while inaugurating an ad hoc committee to investigate crude[Read More…]
UAE Launches $4.5bn Clean Energy Support Initiative For Africa The United Arab Emirates (UAE) has made a significant pledge of $4.5 billion to support clean-energy projects in African nations. The UAE, is the host of this year’s United Nations climate summit. This substantial commitment is a collaborative effort involving[Read More…]
NGX RegCo Urges Banks To Embrace ESG Following Nigeria’s commitment to adopt the International Sustainability Standards Board (ISSB) standards, the chief executive officer of NGX Regulation Limited (NGX RegCo), Tinuade Awe has emphasised the importance of banks swiftly integrating environmental, social, and governance (ESG) principles into their business strategies.[Read More…]
MTN Nigeria targets net zero emissions with green energy investment MTN Nigeria has announced significant investments in clean energy technologies as part of its efforts to reduce emissions and support Nigeria in achieving its 2050-2070 net zero greenhouse gas (GHG) emission commitments. The largest telecommunication provider, MTN disclosed this[Read More…]
CBN to clear forex obligation backlog in two weeks Nigerian businesses from manufacturers to importers, who have been on a long queue for dollars may have cause to heave a sign of relief as the Central Bank of Nigeria (CBN) has announced plans to clear foreign exchange (Forex) backlog[Read More…]
