An AI African Intelligence Site
CBN Grants Airtel Africa Approval for Super Agent Licence The Central Bank of Nigeria (CBN) has granted Airtel Mobile Commerce Nigeria Ltd., a subsidiary of Airtel Africa, approval in principle…
Headline Inflation Rate Slides to 10-Month Low Nigeria’s headline inflation rate slowdown 64 basis points to a 10-month low, the lowest since January 2021 according to the latest data released…
AIICO, Fidelity, Honeywell and MTNN Drive Mid-day Loss The equity market is currently trading on a bearish note following contractions in FIDELITYBK (-0.37%), UCAP (-0.52%), AIICO (-0.78%), WEMABANKN (-2.33%), HONYFLOUR…
Shell Plans Share Structure Change to Boost Competitiveness, Payouts Royal Dutch Shell unveiled on Monday a proposal to strengthen competitiveness and accelerate shareholder distributions, with the move coming less than…
Iranian Hackers Infiltrating Telecoms, ISPs, NCC Alerts Nigerians The Nigerian Communications Commission (NCC) has alerted the public of the existence of another hacking group orchestrating cyber-espionage in the African telecoms…
U.S Dollar Modestly Lower on Monday Ahead of Economic Data The U.S dollar was slightly lower against its major trading partners early Monday ahead of a busy week of top-tier…
Yields on Fixed Income Instruments Slowdown as Inflation Drops Yields on fixed income instruments slowdown on Monday as Nigeria’s headline inflation drops for the seventh consecutive months. According to analysts…
Naira on Gaining Streaks in Parallel Market as Banks Raise Supply The Nigerian local currency, naira, continue gaining streaks in the parallel segment of the foreign exchange market on Monday,…
NGX Trades Negative as Investors Pullout from Banking Stocks The Nigerian Exchange (NGX) records a negative start to the week as equity investors dumped banking stocks, thus driving market capitalisation…
President Biden and Xi Jinping meet The leaders of the U.S. and China held their third conversation in 10 months, a three-hour virtual summit, in an effort to keep “communication…