An AI African Intelligence Site
Airtel Africa Repurchases More Shares from London Market Airtel Africa has announced that the telecommunication company has purchased 356,282 ordinary shares of USD 0.50 each on the London Stock Exchange…
National Grid Collapses for fifth Time in 2024 The National grid has collapsed again, marking the second blackout in less than one month. It also marks the fifth grid disturbance…
The naira has continued its resurgence against the United States dollar, appreciating N1,136/$ at the official market and N1,050/$ at the parallel market at the close of trading activities on…
Ministry of Humanitarian Affairs: We Are Investigating Web of Fraudulent Practices — EFCC The Economic and Financial Crimes Commission (EFCC) is probing intricate web of fraudulent practices in the Ministry…
The Economic and Financial Crimes Commission (EFCC) has filed a three-count charge against popular Instagram celebrity Pascal Okechukwu also known as Cubana Chief Priest for allegedly spraying and tampering with…
The Association of the Bureau De Change Operators of Nigeria (ABCON) says the Nigerian currency Naira has appreciated faster than expected against the United States’ Dollar. The President of the…
CBN Trims Interest Rate on Treasury Bill as Demand Spikes The Central Bank of Nigeria (CBN) trimmed interest rate on long tenor treasury bills sold at the primary market auction…
Nigeria’s Bond Yield Slides Ahead of DMO Auction The average yield on Nigerian Government bonds declined moderately to 19.3% in the secondary market due to increased demand from local market…
Naira Reboots as Nigeria Tames Dark Economy Spurious FX Demand The Nigerian naira has maintained firm tone across the foreign exchange markets as fear gripped currency speculators. The apex bank’s…
Geregu Power Outperforms Q1 Profit Expectation by 160% Geregu Power Plc outperformed its profit expectation for the first quarter of 2024 by more than 160%, according to MarketForces Africa analysts…