Prime Highlights: Pepkor strengthens its retail footprint by acquiring 469 stores from Retailability for R1.7 billion, bringing its total store count across Southern Africa to over 1,000. The acquisition supports…
The Nigerian government has so far set aside N22.89 billion to 29 manufacturing businesses through the Bank of Industry (BOI) as part of the N75 billion Manufacturing Sector Intervention Fund,…
Manufacturing activity in Nigeria's economy, measured by the confidence of its manufacturers, fell in the third quarter of 2024, losing 1.7 points. The Manufacturers Association of Nigeria said aggregate Manufacturers…
The most prominent British lifestyle brands, Timothy Oulton, has finally marked its entry into the Nigerian market with the opening of its flagship gallery in Victoria Island, Lagos. This is…
The proposed Nigerian budget for 2025 at N47.9 trillion is the new high in nominal terms, while in dollar terms, it marks the lowest point since 2018, according to the…
South Africa's Pay-TV operator Multichoice Group has taken a write-off of N31.6 billion, about $21 million in deposits held with the recently liquidated Heritage Bank of Nigeria. The financial adjustment…
The first trade shipment of Nigeria’s hair products to Kenya, which is under the African Continental Free Trade Area (AfCFTA) came as a success for Nigeria. This was done by…
Nigeria's foreign reserves have risen to $40.2 billion, up from $38.4 billion in the previous month, said Central Bank of Nigeria Governor Olayemi Cardoso speaking at an investor meeting in…
The development finance institution for the UK government today announced that it has entered into a $25 million risk-sharing facility with Ecobank Sierra Leone. This deal-the facility is to step…
Winich Farms, a Nigerian Ag-tech start-up that streamlines the supply chain for agriculture produce into efficient movements, has raised $3 million in pre-series A funding. The capital will be used…