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Mida Technologies shuns shame tactics in loan recovery

23.05.2025
Mida Technologies, a Nigerian loan recovery firm, is achieving a 40 per cent recovery rate on bad loans by pairing technology with empathy, a stark contrast to the industry’s traditional aggressive tactics, the company said on Thursday. Traditional debt recovery in Nigeria often leans on public shaming or harassment, tactics that Mida Technologies CEO and...
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How Nigeria’s FX market navigates global turmoil

23.05.2025
In this report, SAMI TUNJI explores how the Central Bank of Nigeria has held interest rates steady amid improved foreign exchange stability and rising external reserves, signalling cautious optimism following its 300th Monetary Policy Committee meeting. Despite slight inflation easing, concerns remain over high core inflation, global oil risks, and the need for consistent reforms...
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EAAIF secures $325m for infrastructure expansion

23.05.2025
The Emerging Africa & Asia Infrastructure Fund, a private infrastructure development group managed by ninety-one, has secured $325m in new debt facilities to support infrastructure development across Africa and Asia. The new raise brings EAAIF’s total recent capital mobilisation to $620m, surpassing its earlier target of $500m ahead of the 2025 deadline. The fund plans...
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Equities dip as NGX sheds N274bn

23.05.2025
The Nigerian Exchange recorded a negative outing on Thursday as equities lost N274bn in market value, driven by widespread sell-offs in mid- and large-cap stocks. At the close of trading, the benchmark All-Share Index of the Nigerian Exchange declined by 435.17 points, or 0.40 per cent, to settle at 109,183.93, reducing the market capitalisation to...
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FGN to raise N300bn via bond auction

23.05.2025
The Federal Government, through the Debt Management Office, has announced plans to raise N300bn from the bond market via auction on May 26. According to the offer circular released by the DMO on Thursday, the issuance comprises an N100bn reopening of the 19.30 per cent FGN April 2029 bond (five-year tenor) and an N200bn reopening...
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ReStore plans African expansion

23.05.2025
ReStore, an Indian company specialising in lead-acid battery rejuvenation and refurbishment, is preparing to enter the African market with an affordable and environmentally friendly franchise model aimed at addressing energy reliability challenges while supporting circular economic growth. The company says it is expanding into West and South Africa as part of a broader effort to...
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Apple recognises Maliyo Games

23.05.2025
In a significant milestone for African game development, Pan-African studio Maliyo Games has gained global recognition as Apple Inc. featured three of its titles in this year’s Africa Day App Store celebration. The disclosure was made in a statement on Wednesday, highlighting Maliyo Games’ role in shaping culturally relevant gaming experiences from the continent. As...
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FG seeks return of direct flights to Italy

23.05.2025
The Federal Government has urged the revival of the bilateral air services agreement with Italy to restore direct flight operations and strengthen trade and economic ties between the two nations. The move aims to facilitate direct flights between the two countries and boost bilateral trade and investment. Amb. Anderson Madubuike, Director of Economic Trade and...
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FG reviews trade strategy amid US tariff threat

23.05.2025
The Federal Government has intensified efforts to reposition Nigeria’s economy amid mounting trade challenges, including a tariff threat from the United States. This followed a meeting of the Economic Management Team chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, at his office in Abuja on Tuesday, May 20,...
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MAN craves CBN intervention as forex dispute escalates

23.05.2025
The Manufacturers Association of Nigeria has decried what it described as “unwholesome treatment” of its members by some commercial banks over unmet foreign exchange forward obligations, calling on the Central Bank of Nigeria to intervene as it warns the dispute threatens the survival of the country’s manufacturing sector. In a statement on Thursday, the Director-General...
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I apologise for saying no heaven without tithe – Adeboye

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