PayPal Ends Decade-Long Venture Capital Programme
PayPal is winding down its corporate venture capital business, PayPal Ventures, in a strategic retreat from startup investing as newly...
CBN Revokes Licences of 46 Microfinance Banks
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks (MFBs) across the country in...
Dangote, XCMG Sign $400m Deal to Expand Refinery
Dangote Group has signed a $400 million equipment agreement with China’s Xuzhou Construction Machinery Group as part of plans to...
SEC Cracks Down on Dangote Refinery IPO Promotions
Nigeria's Securities and Exchange Commission (SEC) has directed all capital market operators to immediately halt the marketing and promotion of...
SunTrust Bank Holds 10th AGM, Targets Growth
SunTrust Bank Nigeria Limited held its 10th Annual General Meeting at Park Inn by Radisson, Victoria Island, Lagos, bringing together...
Femi Otedola Raises First HoldCo Stake to 20.42%
Billionaire investor and Chairman of First HoldCo Plc, Femi Otedola, has increased his stake in the financial services group to...
FirstHoldCo Completes ₦45bn Private Placement
First HoldCo Plc has completed a ₦45 billion private placement, with the proceeds to be injected into First Bank of...
Tinubu Appoints Ex KPMG Chief Elebute as FRCN Chair
President Bola Tinubu has appointed former KPMG Nigeria Chief Executive Officer, Kunle Elebute, as Chairperson of the Governing Board of...
Nigeria Crypto Inflows Hit $59bn as IMF Warns on Stablecoins
Nigeria received about $59 billion in crypto asset inflows between July 2023 and June 2024, according to data cited by...
Brent Crude Oil Falls After US and Iran Signal Agreement
Brent crude prices fell sharply as global oil markets reacted to signs of geopolitical de escalation, while South Africa’s state...
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