P2Vest, Others Invest $1.6m in Billboxx for Cash Flow Solutions
Dec 12, 2024 · By Dipo Olowookere To tackle the critical cash flow challenges faced by Small and Medium Enterprises (SMEs) across Africa, investors like P2Vest, Norrsken Accelerator, Afrinovation Ventures, Kaleo Ventures, and 54 Collective (formerly known as Founders Factory Africa), have invested about $1.6 million into Billboxx.
Nigeria’s 364-Day Treasury Bills Rate Down 0.13% Amid Strong …
Dec 13, 2024 · By Dipo Olowookere Increased appetite for one-year Nigerian treasury bills forced the Central Bank of Nigeria (CBN) to trim the stop rate at primary market auction (PMA) conducted on Wednesday. Business Post reports that the rate was brought down by 0.13 per cent during the exercise by the bank to 22.80 per cent from
GOtv Announces Promo for Subscribers Till January 2025
Dec 16, 2024 · By Modupe Gbadeyanka To make the holiday season a truly memorable one for subscribers, GOtv Nigeria has announced a promo known as Open Window from December 13, 2024, to January 6, 2025. Through this offer, customers on the pay-TV platform on lower-tier packages can enjoy premium content typically available on GOtv
IMF Retains 2.9% GDP Growth Forecast for Nigeria in 2024, 3.2
Oct 22, 2024 · By Adedapo Adesanya The International Monetary Fund (IMF) has predicted that growth in Nigeria will remain unchanged at 2.9 per cent this year and 3.2 per cent in 2025 due to weaker-than-expected activity in the first half of the year. This is as the wider Sub-Saharan Africa (SSA), which includes Nigeria, will remain
IMF Forecasts Nigeria’s Inflation Cooling to 25% in 2025
Oct 23, 2024 · By Adedapo Adesanya The International Monetary Fund (IMF) expects Nigeria's inflation to steady at 25 per cent in 2025 and moderate to 14 per cent by 2029. Inflation in Nigeria slightly moved up to 32.70 per cent in September 2024, far beyond the 21.4 per cent target pursued by the Central Bank of Nigeria (CBN).
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Tinubu Appoints Jumoke Oduwole as Trade Minister, Removes …
Oct 23, 2024 · By Adedapo Adesanya President Bola Tinubu has removed Mrs Doris Uzoka-Anite as the Minister of Industry, Trade, and Investment and has replaced her with his Special Adviser on Presidential Enabling Business Environment Council (PEBEC) and Investment, Mrs Jumoke Oduwole. Mrs Uzoka-Anite, who had been in charge of the
CBN Commences Last MPC Meeting for 2024 | Business Post Nigeria
Nov 25, 2024 · By Modupe Gbadeyanka The Central Bank of Nigeria (CBN) has started its last Monetary Policy Committee (MPC) meeting for 2024, Business Post reports. The MPC meeting commenced today, Monday, November 25 and will conclude tomorrow, when the outcome will be revealed to members of the media. It is the 298th of the
Naira Strengthens to N1,539/$1 at NAFEM, Falls to N1,655/$1 at …
Dec 24, 2024 · By Adedapo Adesanya The Naira recorded a 0.14 per cent or N2.13 appreciation on the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Monday, December 23 to close at N1,539.55/$1 compared with last Friday's exchange rate of N1,541.68/$1. But the Nigerian currency traded flat against the Pound
NEPZA Calls For Fast-Track of Offshore Banking Approval
Oct 31, 2024 · By Adedapo Adesanya. The Nigeria Export Processing Zone Authority (NEPZA) and operators of the country’s Free Trade Zones (FTZs) have called on the Central Bank of Nigeria (CBN) to quicken the process for granting approval for the operation of offshore banking across the zones to further aid the ease of doing business among others.