Kenyan Entrepreneurs to Access Funds with Hustler Group Loan

By Adedapo Adesanya The leader of the coup that ousted Gabon’s President, Mr Ali Bongo, Mr Brice Oligui Nguema, has promised to bring reforms as he was sworn in as interim president of the central African country on Monday. In Africa’s ninth coup in three years, army officers led by Mr Nguema (a general) seized power on August 30, minutes after an announcement that Mr Bongo had won his third term election in his 14 years as president. According to reports, Mr Nguema, a cousin of the deposed Garbonese leader, was given a standing ovation by military officers and officials

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By Adedapo Adesanya The International Finance Corporation (IFC) has disclosed that it made record financing in Africa to accelerate the continent’s energy transition, develop greener manufacturing, increase intra-Africa trade, strengthen smaller businesses, and boost local food production, including in more challenging fragile and conflict-affected regions in the fiscal year 2023. In a statement corroborating the release of its numbers which spanned between July 1, 2022, and June 30, 2023, IFC disclosed that it put $11.5 billion in investments across 40 countries, the largest ever annual commitment for the continent. Giving a breakdown, the World Bank agency said the support includes

By Adedapo Adesanya Russian President, Mr Vladimir Putin, told the BRICS summit participants in South Africa on Thursday that Moscow intends to deepen ties with African countries for food and fuel supply. Speaking in a video link address, Mr Putin said Russia was interested in developing “multi-faceted ties” with Africa, which has been roiled by fuel and food price rises resulting from the conflict in Ukraine. This is coming after the country exited the Black Sea grain deal in July. This move has seen grain prices soar, hitting many African countries very hard. Russia and Ukraine are among the world’s

By Dipo Olowookere There was a sustained bearish mood on the trading floor of the Nigerian Stock Exchange (NSE) on Tuesday with the market indices marginally going down by 0.04 percent. This was buoyed by selloffs recorded by shares in the Insurance, Consumer Goods and Oil and Gas sectors. At the close of business yesterday, the market breadth finished negative with 24 price gainers and 25 price losers. Forte Oil emerged the worst performer after it depreciated by N2.15k to finish the day at N40.85k per share. It was followed by Nigerian Breweries, which lost N1 to close at N127

By Modupe Gbadeyanka One of the few challenges some Africans have encountered in trading digital assets is safety and an American financial technology company, Yellow Card Financial, is filling the gap. The firm has introduced a technology platform that empowers consumers in African countries to buy and sell the world’s leading digital assets. In a statement, the organisation noted that it came up with this system because of its concerns about providing space for consumers in Africa to trade digital assets in a safe environment. The company follows the American and international Know Your Customer (KYC) and Anti-Money Laundering (AML)

By Modupe Gbadeyanka Six more talents made it to the Live Show of Airtel-sponsored The Voice Nigeria season 2 in a soulful showdown on Sunday night, taking the total number of qualified contestants to 22. Two out of the six contestants made it through a steal from other coaches as the battle gets more intense. The night began with #TeamPatoranking’s Syemca and Afolayan performance of ‘Drag me down’ by One Direction. Afolayan was elected as the winner of the round but to the surprise of the audience and Syemca, the remaining Coaches hit their buzzers for a Steal. Syemca chose

By Modupe Gbadeyanka An outsourced human resources (HR) management solution designed to accelerate the activities of small and medium enterprises (SMEs) in the country has been introduced by a leading talent management company in Nigeria, Jobrole Consulting Limited. This plan, called Jobrole Flexi HR, will enable small business owners to navigate common HR challenges while focusing on core business operations. It is an integrated human resources and business solution designed to meet the administrative needs of Nigerian small businesses and help them grow from sole proprietorships to flourishing organizations with select employees and clientele lists. Jobrole Consulting is reputed for

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange remained rooted in the red zone on Thursday as Niger Delta Exploration and Production (NDEP) Plc pulled the market down by 0.24 per cent. The company lost N13.54 or 7.0 per cent to close at N180.00 per share compared with the previous day’s closing price of N193.54 per share. Consequently, the market capitalisation of the bourse fell by N2.44 billion to close the day at N1.007 trillion in contrast to the preceding session’s N1.009 trillion. The day also saw the NASD Unlisted Securities Index (NSI) fall by 1.86 points to wrap

By Dipo Olowookere It was a memorable day for inhabitants of Mom Orphanage Home and Stagi Cornerstone Orphanage, both in Lokoja, Kogi State as a grassroots politician, Mr Tunde Olaogun, brought joy to them during Valentine’s Day. The children could not hide their happiness when the philanthropist mingled with them and shared some gift items to them. Also, the management of the orphanage homes expressed gratitude to Mr Olaogun for the show of love to them, praying that God continues to protect him. Explaining the rationale behind the gesture, the politician said, “I have been on both sides on some

By Adedapo Adesanya The Naira depreciated against the US Dollar at the Investors and Exporters (I&E) segment of the foreign exchange market on Monday as two major cities of the country prepare for total lockdown. Business Post reports that at the I&E window yesterday, the local currency depreciated against the greenback by N10.68 or 2.80 percent to sell at N392.18/$1 compared with last Friday’s rate, N381.50/$1. This came despite the decline in the total value of trades recorded at the forex segment on Monday. According to data from the FMDQ, transactions worth $34.38 million were carried out during the session,

By Dipo Olowookere The Attorney-General of the Federation (AGF), Mr Abubakar Malami; Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele; and the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu have been ordered to provide a detailed submission on amount of monies recovered so far by them since the inception of this administration on May 29, 2015. President Muhammadu Buhari, who gave this order, further said Chairman of the Independent Corrupt Practices Commission (ICPC), Mr Ekpo Nta; the National Security Adviser (NSA), Mr Babagana Monguno; and the Director-General of the Department of