Economy

Madica team and the portfolio companies ..

Madica Invests $600k in Kola Market, GoBEBA, NewForm Foods

April 24, 2024

By Adedapo Adesanya Madica, a structured investment programme designed for pre-seed stage startups in Africa, has announced its first set of investments totalling $600,000

Economy

Nigeria Targets $10bn Investment With New Oil, Gas Fiscal Incentives

April 24, 2024

Adedapo Adesanya

By Adedapo Adesanya The federal government has launched a new set of fiscal incentives to rejuvenate Nigeria’s ailing oil and gas industry which aims

Economy

FG Recovers N57bn From MDAs’ N5.2trn Debts

April 24, 2024

Adedapo Adesanya

By Adedapo Adesanya The federal government has announced the recovery of N57 billion from the N5.2 trillion liabilities owed to the Federal Inland Revenue

Economy

MRS Oil to Quit NGX for NASD OTC Securities Exchange

April 24, 2024

Aduragbemi Omiyale

By Aduragbemi Omiyale A fully integrated downstream player in the country’s energy sector, MRS Oil Nigeria, is seeking the approval of its shareholders to

Economy

Afriland Properties, UBN Property, Others Raise NASD Index by 2.70%

April 24, 2024

Adedapo Adesanya

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a 2.70 per cent appreciation on Tuesday, April 23 after four stocks ensured that

Economy

EFCC Accuses Emefiele of Printing N684.5m with N18.9bn

April 24, 2024

Modupe Gbadeyanka

By Modupe Gbadeyanka The embattled former Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has been accused of printing about N684.5

Economy

Naira Weakens Further to N1,300/$1 at Official FX Market

April 24, 2024

Adedapo Adesanya

By Adedapo Adesanya The Naira depreciated yet again against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Tuesday, April 23,

Economy

Oil Rises as US Dollar Falls Amid Cooling Middle East Tensions

April 24, 2024

Adedapo Adesanya

By Adedapo Adesanya Oil rose by 1 per cent per barrel on Tuesday as the US Dollar index fell to its lowest in over

Economy

Equity Market Sinks 0.35% as Traders Offload Oando, FBN Holdings

April 23, 2024

Dipo Olowookere

By Dipo Olowookere The equity market reacted to the release of the much-awaited financial statements of Oando Plc on Tuesday, closing lower by 0.35

Economy

EFCC to Clampdown on Peer-to-Peer FX Traders

April 23, 2024

Adedapo Adesanya

By Adedapo Adesanya The Economic and Financial Crimes Commission (EFCC) is intensifying fights against those it believes are manipulating the foreign exchange (FX) market