Nike Popoola, Temitayo Jaiyeola, Solomon Odeniyi and Amarachi Orjiude Published 16 June 2021The total value of agricultural import exceeded export by N503bn in the first three months of the year.Statistics obtained from the National Bureau of Statistics showed that the total trade in agriculture was N757.4bn in the first quarter of the year.The report put the export component at N127.2bn and the imports at N630.2bn in the period under review.The.
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Temitayo Jaiyeola, Kariola Mustapha, Amarachi Orjiude and Sami Olatunji
Published 15 June 2021
Temitayo Jaiyeola, Kariola Mustapha, Amarachi Orjiude and Sami Olatunji
Published 15 June 2021
• $719.61m used to service Chinese loans since inception in 2015
The Buhari’s administration has borrowed $2.02bn as loans from China from 2015, data obtained from the Debt Management Office on Monday showed.
According to the statistics obtained from the DMO, Nigeria’s total debt from China as of June 30, 2015 stood at $1.38bn.
However, as of March 31, the country’s debt portfolio from China had risen to $3.40bn.
According to the DMO, loans from China are concessional loans with interest rates of 2.50 per cent per annum, a tenor of 20 years and grace period (moratorium) of seven years.
NCC to roll out new international termination rate punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.
Friday Olokor, Leke Baiyewu, Okechukwu Nnodim, Temitayo Jaiyeola, Amarachi Orjiude, Lesi Nwisagbo, Kariola Mustapha, Amarachi Orjiude, Dayo Adenubi, Samuel Olatunji, Juliana Ajayiand John Charles Published 7 June 2021With present economic woes, we shouldn’t add to our people’s problems – NESGBan will dampen foreign investors’ interest in Nigerian businesses, say economic expertsIt’ll disrupt thousands of small businesses capable of creating 70%.
African fintech company, Chipper Cash, raises $100m
Temitayo Jaiyeola
Published 31 May 2021
Chipper Cash, a fintech startup that facilitates cross-border payment across Africa has raised $100 million in a Series C round. This was disclosed by TechCrunch on Monday.
SVB Capital, the investment arm of US high-tech commercial bank, Silicon Valley Bank, led this. Other investors in this round include existing investors Deciens Capital, Ribbit Capital, Bezos Expeditions, One Way Ventures, 500 Startups, Tribe Capital, and Brue2 Ventures.
On TechCrunch, Chipper Cash CEO, Ham Serunjogi said, “We’re not commenting on the size of our valuation publicly. One of the things that I’ve been quite keen on internally and externally is that the valuation of our company has not been a focus for us. It’s not a goal we’re aspiring to achieve. For us, the thing that drives us is that we have a product that is impactful to our users.”