In a report, Partech Partners said companies on the continent raised $1.43 billion in 2020, down by 29% from a year ago, which was just two deals above $50 million closed last year compared with 10 in 2019.
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The economic damage wrought by the coronavirus pandemic will probably make many African countries seek debt restructuring from G-20 countries, according to the head of the…
Investors on the Nigerian Stock Exchange (NSE), on Wednesday, lost N426 billion in about six hours of trading after the market capitalisation which opened at N21.715…
The investment will tackle the renewable energy storage gap that currently exists across the continent, where nearly 600m people live without access to electricity.
The Nigerian Stock Exchange (NSE) began trading for the week with a loss of 0.35 per cent owing to persistent profit taking. Specifically, the NSE All-Share…
The Nigerian National Petroleum Corporation (NNPC) announced a trading surplus of $108.84m for the month of November 2020, a 70.33 per cent increase compared to the…
The World Bank has approved $500 million to support the Nigerian in strengthening its electricity distribution sector. “The project will help boost electricity access by improving…
The Central Bank of Nigeria (CBN) has explained why it banned the use of cryptocurrencies in the country. According to the apex bank, transactions in cryptocurrencies…
Emirate Airline suspends Rapid Antigen Test (RDT) requirements for passengers
“Further to earlier regulatory directives on the subject, the bank hereby wishes to remind regulated institutions that dealing in cryptocurrencies or facilitating payments for cryptocurrencies exchange is prohibited.”