Kenya has paid off the remaining $556.97 million (Sh71.5 billion) of its $2 billion (Sh257 billion) Eurobond ahead of the June 24, 2024, due date. According to the National Treasury’s Public Debt Management Office, this final payment was made on Friday, June 21, three days before maturity. This repayment has boosted Kenya’s National Reserves, pushing […]
In a joint overnight operation, the Nigerian Embassy and a Senegalese-based NGO rescued 24 Nigerian girls from sexual exploitation in the Tamaccounda and Kedougou regions of Senegal. The acting Ambassador of the Nigerian Embassy in Dakar, Salihu Abubakar, reported this to the News Agency of Nigeria (NAN) on Sunday. The girls, mostly under-aged and ranging […]
The Nigerian National Petroleum Company Limited (NNPC Ltd) announced on Saturday that the Obiafu/Obrikom/Oben (OB3) gas pipeline is expected to be completed by August, 2024. Olufemi Soneye, NNPC Ltd’s chief corporate communications officer, shared this update in a statement. Mele Kyari, the Group Chief Executive Officer of NNPC Ltd, made this announcement during an inspection […]
The Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, has urged the Managing Director/Chief Executives of the Nigerian Film Corporation (NFC), Dr. Ali Nuhu, to create valuable opportunities for young people in the creative industry. The NFC, a parastatal within the Federal Ministry of Culture and Creative Economy, aims to promote a thriving film […]
The Nigerian stock market wrapped up yesterday’s session with a mix of results, leaning towards bullish territory as the overall capitalization increased by N1 billion. The All Share Index (ASI) climbed by 2.00 points, a 0.002% rise, closing at 99,842.95 points. Consequently, the market capitalization grew by N1 billion, ending at N56.480 trillion. This slight […]
Nedbank’s latest campaign revolves around allowing customers to bank their time, and not just their money. This is based on the concept that time is more valuable than money. The campaign is initiated by a film shot by Greg Gray of Romance Films. The story depicts an elderly man looking back at his younger self […]
Over the past year, Opay experienced significant growth, mostly driven by a currency redesign that caused cash scarcity, prompting more Nigerians to turn to fintech apps like Moniepoint and Opay for transactions. According to the Nigerian Inter-Bank Settlement Scheme (NIBSS), annual digital payments reached N611 trillion by the end of 2023. With Opay’s user base […]
The directorate for Information and Communication Technologies (ICT) at Makerere University supported the medical team to jointly develop the Mak RTI mobile app launched on Friday at Makerere University Hospital in Kampala. The Android-based mobile application is aimed at promoting reproductive health awareness and access to treatment. The general public can access the service via […]
Gbenga Komolafe The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), issued a new policy aimed at boosting domestic refining capacity and drastically cutting down reliance on imported petroleum products. Gbenga Komolafe, the Commission Chief Executive of NUPRC who disclosed this during a press briefing in Abuja on Monday, pointed out that this new policy makes it […]
Prisca Magori, the Co-founder and CEO of Smart EFD (Electronic Fiscal Device) and Calvin Usiri, the Co-founder and CTO (Chief Technology Officer) of Ramani, have been named in the Africa Forbes 30 under 30 class of 2024. Prisca Magori, a petroleum engineer, driven by her passion for entrepreneurship, developed the module with her colleague, Hashim […]
