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Nigeria's central bank halts dollar sales to bureaux de change

Nigeria's central bank announced it was stopping the direct sale of US dollars to bureaux de change to protect the under-pressure naira...

13 Jan 2016 09:13

Nigeria triples investment in 2016 budget

Nigerian President Muhammadu Buhari unveiled on Tuesday, 22 December, a budget that triples investment spending in a bid to stimulate growth and lower the dependence of Africa's largest economy on oil...

24 Dec 2015 06:01

INTL FCStone's Stuart Ponder addresses Africa Breakfast Club

Stuart Ponder, senior vice president, EMEA of NTL FCStone Ltd., a subsidiary of NTL FCStone Inc., addressed the Africa Breakfast Club on the topic of the evolution of structured markets...

1 Dec 2015 13:42

Nigeria to host RemitAfrica2015

MobileMoneyAfrica will host the RemitAfrica conference in Nigeria, Africa's largest remittance nation, from 4-5 November 2015...

26 Aug 2015 12:28

African ICT Infrastructure Fund closes at $200 million

Convergence Partners announced the successful close of its Convergence Partners Communication Infrastructure Fund (CPCIF), with capital of over $200 million, making it one of the largest funds dedicated solely to ICT infrastructure in Africa...

29 Jul 2015 14:00

Mobile survey informs Global Entrepreneurship Summit

GeoPoll the Global Entrepreneurship Network and the U.S. State Department released a survey of 1,000 business owners...

24 Jul 2015 14:42

Nigeria's new president faces uphill task of making economic growth benefit all

The Nigerian economy grew at an average of 6.8% a year over the past decade, placing it among the fastest growing countries globally. But only about 25% of Nigerians have benefited from this growth...

By Stephen Onyeiwu 1 Jun 2015 08:47

Accurate financial reporting is critical for Nigeria's growth

Nigeria's Gross Domestic Product (GDP) has expanded 5.94% in the fourth quarter of 2014 compared to the same quarter of 2013...

26 May 2015 08:14

Nigeria borrows to pay salaries with cash crunch worsening

ABUJA: A cash shortage caused by low oil prices has forced Nigeria to borrow heavily through the early part of 2015, with the government struggling to pay public workers, officials said on Wednesday, 6 May...

8 May 2015 06:22

African real estate attracts increased foreign investment

Africa's demographic growth prospects and the consequent opportunities in real estate are increasingly attracting international investors...

1 Apr 2015 10:30

The challenge of e-commerce transactions on a mobile device

Do you have an antivirus product on your mobile phone? If not, best you invest in one in order to protect against mobile fraud, as mobile payments and card-not-present retail go on the rise...

By Leigh Andrews 27 Jan 2015 14:00

Austria Card launches Nigerian ID credit card

Austria Card has produced and shipped the globally first ID-card with a payment functionality to the Nigerian government, thus pushing the entire industry one step further to convergent card products.

3 Nov 2014 11:10

WesBank extends reach to Nigeria

WesBank, the provider of secured finance to the retail and corporate markets, and the National Automotive Council (NAC) of Nigeria have signed a memorandum of understanding whereby WesBank will offer its services to clients. The agreement aims to stimulate the sale of locally assembled vehicles in Nigeria.

21 Oct 2014 06:20

eID card breaks down barrier of financial inclusion

The pilot programme of the MasterCard-branded National eID card was launched on 28 August in the Nigerian capital, Abuja.

1 Sep 2014 10:36

Could Africa become like China?

Africa's changing demographic over the next three-and-a-half decades could transform the continent into the next China, but only if its youthful population is educated and entrepreneurial.

By Jana Marais 19 Aug 2014 11:50

Sun International sells some African assets

Sun International says it will sell a portion of its interests in its African assets to a foreign subsidiary of Thailand-listed Minor International Public Co (Mint) for R664m.

19 Aug 2014 10:22

Postive results likely from US-Africa summit says Davies

South Africa and Africa in general benefitted immensely from the recent US-Africa Leaders' Summit held in Washington last week, Trade and Industry Minister Rob Davies said on his return.

13 Aug 2014 08:27

Renewable energy needs guarantees for investors

The slow pace with which renewable energy projects have been rolled out across Africa may prove to be an advantage in a few years.

By Charlotte Mathews 21 Jul 2014 10:50

SA Taxi's cash pile opens new frontiers

South Africa's largest minibus financier, SA Taxi, is looking for opportunities to expand its minibus lending business into other African countries and could direct R100m to its domestic finance project.

12 Jun 2014 10:21

Transnet wants to 'industrialise railways'

Small- and medium-sized engineering companies must create niche markets for themselves to supply Transnet with parts for the locomotives that the freight logistics company envisages building within the next two to three decades.

By Amanda Visser 9 Jun 2014 11:03

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