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The Central Bank of Nigeria just pulled the plug on two mortgage lenders, Aso Savings and Loans Plc and Union Homes Savings and Loans Plc. Hakama Sidi Ali from the CBN said both companies kept breaking rules and basically ran out of money to cover what they owed depositors. The regulators found...

Transcorp Hotels just tapped Awele Vivien Elumelu to run their board starting next year. She takes over after Emmanuel Nnorom steps down, and she already chairs Avon Healthcare, Avon Medical Practice, and Heirs Insurance Brokers while sitting on the Heirs Holdings board. The woman studied...

Thirteen federal agency heads in Nigeria just won some online poll thing organized by The Street Journal, and the list is pretty stacked with big names. Aisha Rimi from the Nigerian Investment Promotion Commission grabbed top honors, while Gbenga Komolafe at the petroleum regulatory body and...

The Rural Electrification Agency and National Bureau of Statistics locked down a partnership to run a nationwide energy survey that tracks electricity access using the World Bank's Multi-Tier Framework, and REA boss Abba Abubakar Aliyu says the whole thing will pump out granular data on...

The League of Civil Society Groups came after Aliko Dangote for publicly demanding a probe into NMDPRA boss Farouk Ahmed instead of filing formal complaints through oversight channels like the National Assembly or anti-corruption agencies. National Secretary Mohammed Bassah said the...

Nigeria's debt pile hit 152 trillion naira while Finance Minister Olawale Edun told senators the government is ditching heavy borrowing for aggressive revenue collection after missing 30 trillion naira in targets this year. The feds projected 40 trillion coming in but only grabbed 10 trillion...

Nigeria dropped below the 2 trillion naira distribution mark for the first time in four months after the Federation Account Allocation Committee divvied up 1.928 trillion naira among federal, state, and local governments following sharp declines in petroleum profit tax, company income tax, VAT...

FCMB Pensions boss Christopher Bajowa says the company pushed out over 200 billion naira to retirees and beneficiaries since they started operating, and the whole anniversary walk thing in Abuja aims at getting micro businesses into the pension system because the regulator wants better coverage...

Nigeria cracked open the first chunk of the Lagos-Calabar Coastal Highway after years of delays, and Works Minister David Umahi says the 47-kilometer stretch from Ahmadu Bello Way to Eleko Village in Lagos represents the initial piece of President Bola Tinubu's massive infrastructure push. The...

Nigeria locked down a billion-dollar innovation fund for marine and blue economy startups, and Maritime Innovations Hub CEO Ronke Kosoko says the cash gets announced at a Lagos summit where international money people meet President Bola Tinubu and Central Bank Governor Olayemi Cardoso. The fund...

Caroline Chibaya dragged her ex-husband Alfred Mandido to Harare Civil Court, asking for $250 monthly support for their 17-year-old son, who has ADHD, and she claims the dad kept the kid out of school for a year while pushing traditional healers instead of actual treatment. She wants him in a...

A Zimbabwean judge told Wambutso Donald Makoni to get off eight mining claims after his dad revoked the power of attorney that let him run the family operation. Justice Maxwell Takuva shut down arguments that the father was mentally incompetent after a stroke, saying physical disability does not...

BUA Group dropped 30 billion naira across 510 employees who stuck around anywhere from five years to over 40 years, and founder Abdul Samad Rabiu handed out checks ranging from 100 million to 1 billion naira to the top 41 people at the ceremony. Five workers walked away with a billion each...

Edgebase Technologies hit the 20-year mark, and CEO Joel Egbai says the Lagos-based firm is doubling down on AI-powered infrastructure and cybersecurity tools that help clients spot problems before they blow up. The company started as a hardware supplier back in 2005, and it grew into a...

Mozambique's cabinet greenlit new dispute resolution rules for telecom and postal operators after the sector got messy with network buildouts, e-commerce growth, and mobile money services, creating friction between companies and customers. The Communications Regulatory Authority can now run...

DMCC signed a deal with Crypto.com to push tokenization in the commodities game, and the whole thing is about using blockchain to cut down settlement times and make pricing less opaque across precious metals, diamonds, energy products, and agricultural stuff. The MoU covers potential listings of...

Chad kicked off a four-day fiber optic mapping workshop at the Hotel de l'Friendship with officials from ARTAC, ARCEP, and the International Telecommunications Union showing up to talk about getting better connectivity across Africa. The Ministry of Posts and Digital Economy is pushing the whole...

CardinalStone Asset Management is running what they claim is Nigeria's biggest Umbrella Infrastructure Fund at 500 billion naira, and the first chunk dropping is a 20 billion naira debt vehicle targeting power grids, telecom buildouts, transport networks, and utilities. The minimum buy-in sits...

Liberia is finally getting interoperable mobile money after the Central Bank launches its Inclusive Instant Payment System, which lets Lonestar Cell MTN and Orange Liberia users send cash back and forth instantly instead of dealing with the usual fragmented mess. President Joseph Boakai is doing...

Morocco is dropping $140 million into its startup scene through the Morocco Digital 2030 plan, and Delegate Minister Amal El Fallah Seghrouchni laid out the numbers at the Digital Now Forum in Casablanca. The cash breaks down with $81 million going to venture building for early-stage companies...