Airtel suffers $549m FX loss over currency devaluations in Nigeria, Malawi

The International Monetary Fund has strongly urged the Central Bank of Nigeria to unwind the regulatory forbearance granted to Deposit ...

Airtel to pay $13bn dividend despite $549m FX loss

The board of Airtel Africa has proposed a final dividend of $3.27 per share for the year ending March 2024. ...

American express introduces Nigeria’s inaugural business card

Through a partnership with the regional neobank O3 Capital Nigeria Limited, American Express Co. has launched its first business credit ...

NDLEA Act: Nigerian Senate Approves Death Penalty for Drug Offenders

The Nigerian Senate has passed a bill amending the National Drug Law Enforcement Agency (NDLEA) Act to impose the death ...

Nigeria’s Q1 2024 Foreign Debt Servicing Hits $1.12 Billion

In the first quarter of 2024, Nigeria allocated approximately $1.12 billion to service its foreign debts, underscoring the escalating burden ...

IMF Urges Nigerian Government to Expand Cash Transfers for the Poor

The International Monetary Fund (IMF) has advised the Nigerian government to increase its cash transfer initiatives to assist poor Nigerians ...

PwC Survey: Majority of West African CEOs Predict Local Economic Decline in 2024

The PwC Annual Global CEO survey report for West Africa has revealed that approximately 51% of chief executive officers (CEOs) ...

Kainji Hydropower plant to add 320,000kw/hr by 2027 – Audu

May 9, 2024