30 results
- 12 Aug 2018
Mines Secures $13M Series A to Grow Digital Credit Platform for Emerging Markets
Mines, a fintech startup re-inventing credit in emerging markets, has closed a Series A round of $13M led by The Rise Fund, a global fund managed by TPG Growth. Also participating are Velocity…
- 19 Jul 2026
Heritage Bank and Dangerous Politics of Corporate Survival in Nigeria
By Blaise Udunze The Heritage Bank’s banking license was revoked and it was ordered into liquidation on June 3, 2024. This remains one of the most controversial and widely debated events in Nigeria's…
- 27 Nov 2013
Oil Workers Oppose Sale of Refineries, Says It's against National Interest
Oil workers under the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas Workers (NUPENG) have said that they would resist…
- 17 Apr 2026
AfriStakes Unveils Platform to Connect SMEs with Investors
AfriStakes has launched a new capital platform in Nigeria aimed at linking African small- and medium-scale enterprises with a broad range of investors in a move to address persistent funding gaps…
- 29 May 2025
Africa Cross-border Payments Set to Hit $1 trillion by 2035
Africa’s cross-border payments market is on track to hit $1 trillion by 2035, according to a new report by venture capital firm Oui Capital. Titled "Africa’s Cross-Border Payment Landscape—a deep…
- 16 Dec 2025
CBN Revokes Licenses of Two Mortgage Banks, NDIC Begins Liquidation
Nigeria’s banking regulators have moved to shut down two mortgage lenders after prolonged financial distress, as authorities intensify efforts to enforce capital discipline and restore confidence in…
- 29 Oct 2025
65m Nigerians Pushed into Poverty as GDP Per Capita Falls 66% - Report
Over 65 million Nigerians were reportedly pushed into poverty in 2024 following a 66 per cent decline in the country’s gross domestic product (GDP) per capita, according to a new report by Quartus…
- 9 Jun 2026
Report Faults Banks over N91.1 Trillion Sterilised at CBN
A report by the Alliance for Economic Research and Ethics (AERE), has criticised commercial banks for abandoning their core intermediation role to support economic growth as N91.1 trillion remained…
- 19 May 2026
AFC Invests $100m in Africa-focused Technology Fund Managers
The Africa Finance Corporation (AFC), said its board has approved a commitment of $100 million to invest in Africa-focused technology fund managers. The commitment comes amidst growing interest in…
- 5 Jan 2023
SEC Expresses Concern Over Proliferation of Illegal Operators In Capital Market
The Securities and Exchange Commission (SEC) has stated that the persisted proliferation of operators running illegal investment schemes in the country continues to be a major critical concern to the…
- 5 Dec 2021
Obaro, SystemSpecs Boss Says Digital Solutions will Solve Unclaimed Dividends
John Obaro, managing director, SystemSpecs, African technology giant, has stated that the deployment of digital innovations, cross-industry collaborations and the right policies would solve the…
- 3 Apr 2026
CycleFlow, IFC Launch Supply Chain Finance Platform in Nigeria
CycleFlow, powered by C2FO, the world’s on-demand working capital platform, has officially launched its operations in Nigeria. This move marks the first phase of a comprehensive Nationwide Working…
- 12 Mar 2021
Agusto & Co. 2021 Nigerian Insurance Industry Report: Forging Ahead Despite Headwinds
Agusto & Co. Limited, the pan-African credit rating agency and the foremost business information provider has released its 2021 insurance industry report. The 2021 edition of the annual report…
- 21 Feb 2022
Agusto says Nigerian Insurance Industry Resilient Amid Challenges
The Nigerian insurance industry has remained resilient despite challenges in the economy, according to a report by Agusto& Co. Limited. Agusto & Co., a pan-African credit rating agency and…
- 9 Jul 2017
ALTON Rues Exclusion of Critical Telecoms Infrastructure in Abuja City Master Plan
Association of Licensed Telecom Operators of Nigeria (ALTON) has identified the exclusion of critical telecoms infrastructures from Abuja Master plan, as contributory factor to the persistent poor…
- 28 Aug 2017
Danbatta’s Visit to FCT Minister Confirms CommunicationsWeek’s Report
To speed up the process that will enable telecommunication companies deploy critical infrastructure for improved quality of service at the Federal Capital Territory (FCT), the Nigerian Communications…
- 17 Mar 2025
Central Bank Defends Naira with $360m in 5-Day
The exchange rate stabilised in the FX market as the Central Bank of Nigeria (CBN), defended the local currency with $360 million, stemming a negative tide from increased demand for the US dollar.…
- 31 Jul 2025
Tony Elumelu Lists 3 Things Africa must do to Bridge Infrastructure Gap
Tony Elumelu, group chairman of Heirs Holdings and UBA, has listed strengthening fiscal capacity, driving operational efficiency, and unlocking innovative financing as three key things Africa must do…
- 30 Sept 2021
Fitch Affirms Union Bank’s Long-term Issuer Rating at ‘B-, Stable Outlook
Following a comprehensive rating process, Fitch Ratings has affirmed Union Bank’s Long-Term Issuer Default Rating at ‘B- with a stable outlook. The lender’s Long Term National rating was also…
- 26 Apr 2026
Systemically Weak Banks Put Nigeria’s $1Trillion Ambition at Risk
By Blaise Udunze Nigeria’s banking sector has just undergone one of its most ambitious recapitalisation exercises in two decades, all thanks to the Central Bank of Nigeria under the leadership of…
- 13 Nov 2023
Global Venture Capital Investment Fell by 30% to $73B in Q3 2023 -Report
Venture capital investment fell sharply in the third quarter of 2023, with global deal value down 30% year-on-year to $73 billion, according to market researcher, PitchBook. This is the lowest level…
- 10 May 2024
Dr. Adesina, AfDB Group President Calls for Media Transformation to Uplift Africa’s Global Narrative
Dr Akinwumi Adesina, the President of the African Development Bank Group, delivered an impassioned plea for more balanced media coverage of Africa and its development, noting it was critical for…
- 3 Nov 2021
Payhippo Raises $3m in Seed Funding to Accelerate SME Lending
Payhippo, a lending startup that is widening credit access for small businesses in Nigeria, announced today that it raised $3 million in seed funding. The round was led by influential African fintech…
- 29 Dec 2024
Ekeh, Zinox Group Founder Urges Entrepreneurs to Prioritise Integrity, Due Diligence
Leo Stan Ekeh, chairman, Zinox Group, urged Nigerian entrepreneurs to prioritise integrity, due diligence, and resilience in navigating the country’s challenging business landscape. In an end-of-year…
- 6 May 2025
Navigating the Maze: Solutions for Nigeria's Flourishing Foodtech Industry
By Diana Tenebe, Chief Operating Officer, Foodstuff Store Nigeria's foodtech sector holds immense promise to transform our nation's food production, distribution, and consumption systems. However,…
- 20 Mar 2015
Heritage Bank to Empower more MSMEs
Mr. Ifie Sekibo, group managing director, Heritage Bank, at the Round Table Discussion and MSME Success Stories, themed: ‘The Economic Outlook-What Future for MSMEs in Nigeria?, where other experts…
- 31 Oct 2025
UBA Reports N538Bn Profit After Tax in Q3 2025, Strengthens Balance Sheet
Following its recently released half-year financials, Africa’s Global Bank – United Bank for Africa (UBA) Plc, has announced its audited results for the third quarter ended September 30, 2025, where…
- 3 Sept 2016
HP Enterprise in Talks to Sell Software Unit
Hewlett Packard Enterprise (HPE) is in talks with buyout firm Thoma Bravo to sell its software division, hoping it can fetch between $8 billion and $10 billion, according to people familiar with the…
- 6 Feb 2025
FG Seeks Fresh $580m Loan from World Bank
Federal government of Nigeria is seeking two fresh loans totaling $580m from the World Bank in March 2025. The loans are for: Accelerating Nutrition Results in Nigeria 2.0; and HOPE for Quality Basic…
- 27 Feb 2026
Dimension Data Nigeria Secures ₦20Billion Funding to Strengthen Digital Infrastructure
Dimension Data Nigeria has raised ₦20 billion (approximately $13.7 million) through a bond programme under Dimension Data SPV Funding Plc, following approval from the Securities and Exchange…