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BUSINESS12h agoNaira Depreciation: Onafriq exits Nigeria’s agent bankingBy Juliet Umeh Pan-African technology company, Onafriq, has announced plans to wind down its agent banking business in Nigeria, operated under the Baxi brand by Onafriq Nigeria Payments Limited, citing inflation, naira depreciation and intensifying competition. The company said the economic pressures had increased operating costs and affected transaction volumes, while the rapid growth of […] The post Naira Depreciation: Onafriq exits Nigeria’s agent banking appeared first on Vanguard News.Vanguard Nigeria
BUSINESS15h agoThe artisanal miners behind Nigeria’s lithium boomNasarawa is at the heart of Nigeria’s lithium boom, where artisanal miners hope to benefit from the clean energy race.Al Jazeera [en]
BUSINESS15h agoUnited Nigeria Airlines plans N20 billion commercial paper issuanceAccording to the airline, the proposed issuance is part of its strategy to strengthen its financial position while expanding operations across domestic, regional, and international markets. The post United Nigeria Airlines plans N20 billion commercial paper issuance appeared first on Premium Times Nigeria.Premium Times
BUSINESS16h agoNigeria : Coca - Cola Nigeria Contributed $1 Billion Across Value Chain Coca-Cola Nigeria has reportedly contributed $1 billion across its value chain within the country. This highlights the significant economic impact of the company's operations in the region.allafrica.com · Nigeria
BUSINESS16h agoFintech firm Onafriq to close Nigeria agent banking businessOnafriq said the decision affects only its agent banking business in Nigeria and does not represent an exit from the Nigerian market. The post Fintech firm Onafriq to close Nigeria agent banking business appeared first on Premium Times Nigeria.Premium Times
BUSINESS18h agoNigeria’s metering rate jumps to 63% as unmetered electricity customers drop to 4.7 millionMetered customers in Nigeria increased from 7,903,819 in July to 8,045,565 in August, the data showed, representing a 1.8 per cent increase. The post Nigeria’s metering rate jumps to 63% as unmetered electricity customers drop to 4.7 million appeared first on Premium Times Nigeria.Premium Times