Africa Agriculture 

Delta government seeks N8Bn loan to boost agriculture

The Delta Government has granted its approval for the state to access eight billion naira loan from the Central Bank of Nigeria (CBN), to develop agriculture in the state. The state’s Commissioner for Information, Mr Charles Aniagwu, who made the disclosure while briefing newsmen in Asaba, said that accessing the loan was part of the decisions reached at the State’s Executive Council meeting. He said that the State Government had approved a review of the state’s 2020 budget to reflect the reality on ground because of the fall in crude…

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Africa Oil and Gas 

Nigeria now in full compliance with everyday oil output

The increasing cost of Nigeria’s debt profile breached a brand-new milestone with the country’s financial obligation service as a percentage of income rising to 99% in the first quarter of 2020. This is contained in the Medium-Term Expense Framework and Financial Technique (MTEF/FSP) report recently released by the Federal Ministry of Finance, Budget Plan, and National Planning A general review of the data acquired from the MTEF/FSP report shows that in Q1 2020, Nigeria sustained a total amount of N943.12 billion in debt service while the federal government retained income…

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Financial Services StockMarket 

Why Nigeria’s banking stocks performed well in May

Virtually all the banks listed on the Nigerian Stock Exchange (NSE) witnessed varying degrees of growth in their share price during the month of May. Besides Union Bank of Nigeria Plc which declined by 0.7% and Aso Savings and Loans Plc which recorded no price movement, all the other banking stocks recorded increases according to checks by Nairametrics Research. Best banking stocks in May The best-performing banking stock for the month was Jaiz Bank Plc. The share price increased by 27.3% to N0.70, up from N0.55 in April. This is…

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Africa Financial Services 

Digital banking startup Sparkle launched in Nigeria

Digital banking startup Sparkle has been launched in Nigeria by former Diamond Bank chief executive officer (CEO) and tech entrepreneur Uzoma Dozie, aimed at providing seamless solutions to Nigerian individuals, SMEs and retailers, which has been granted a banking license from the Central Bank of Nigeria (CBN), offers comprehensive support for individuals, including flexible payments, savings and analytics to provide greater freedom, flexibility and control over finances and lifestyle. Powered by data and technology, Sparkle is launching a mobile app – available for iOS and Android – giving customers full…

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Advertising Africa African Business News Financial Services Technology 

Digital banking startup Sparkle launched in Nigeria

Digital banking startup Sparkle has been launched in Nigeria by former Diamond Bank chief executive officer (CEO) and tech entrepreneur Uzoma Dozie, aimed at providing seamless solutions to Nigerian individuals, SMEs and retailers, which has been granted a banking license from the Central Bank of Nigeria (CBN), offers comprehensive support for individuals, including flexible payments, savings and analytics to provide greater freedom, flexibility and control over finances and lifestyle. Powered by data and technology, Sparkle is launching a mobile app – available for iOS and Android – giving customers full…

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