Month October 2024

NNPCL Speaks On Fuel Price Increase Across Nigeria

THE Nigerian National Petroleum Company Limited (NNPCL) has denied rumours of a new increase in Premium Motor Spirit (PMS) prices across its retail outlets. Olufemi Soneye, NNPCL’s spokesperson, clarified in an interview with Daily Post on Tuesday that he is unaware…

Moniepoint Becomes Unicorn with $110m to Expand Fintech

FINTECH firm Moniepoint has raised $110 million in fresh funding, backed by major investors including Google’s Africa Investment Fund, to accelerate its digital payments and banking services expansion across Africa. Announced on Tuesday, the funding also saw contributions from existing…

AgDevCo’s $10m Investment Boosts Ghana’s Aquaculture Industry

SPECIALIST agriculture investor AgDevCo has announced a major investment of $10 million in Tropo Farms, Ghana’s leading tilapia producer and one of the largest aquaculture companies in sub-Saharan Africa. The long-term funding aims to enhance Ghana’s fish production capacity, providing…

Africa’s Epic 6,000-mile Highway Unites 10 Nations

AFRICA’S longest road, the Cairo-Cape Town Highway, spans a remarkable 6,000 miles, stretching from the Mediterranean coast of Egypt to South Africa’s southernmost tip. Officially known as Trans-African Highway 4, this monumental route is a part of a transcontinental road network…

South Africa Arrests Suspects in Brides-for-cash Scheme

POLICE in Durban have arrested three individuals accused of orchestrating a fake marriage scheme to help foreign nationals fraudulently obtain South African citizenship. Authorities allege the suspects produced counterfeit marriage documents, allowing foreigners to pose as married to South Africans,…