Banks Ban Naira Cards From Online And Point-of-Sale International Transactions.
The usage of Naira cards for international online and Point of Sale (PoS) transactions has been discontinued, according to banks.…
Year: 2022
The Way Of Water from Avatar Brings In $1 billion In Just 14 Days.
The worldwide box office for James Cameron’s “Avatar: The Way of Water” has surpassed $1 billion.The combined $317 million in…
A New PrEP Ring Cuts HIV Infection By 50%.
The Pre-Exposure Prophylaxis (PrEP) ring, also known as the dapivirine ring, can reduce HIV infection in women by 50% if…
Oil Expected To Post A Second Annual Gain To End Turbulent 2022.
Due to the conflict in the Ukraine, limited supply, a high dollar, and weaker demand from China, oil had a…
UK’s FTSE 100 Slips in Last Trading Session of 2022.
Despite being one of the few bright spots in a year marred by economic concerns and political unrest, the blue-chip…
US President Biden Signs $1.66 trillion FY 2023 Government Funding Bill.
President Joe Biden completed what he called “a year of historic success” by signing a $1.7 trillion federal budget measure…
Gas Supply Constraints Caused a 61% Revenue Loss for Geregu Power in The Third Quarter of 2022.
The newly listed company on the Nigerian Exchange Group, Geregu Power Plc, lost N8. 2 billion, or 61 percent, of…
10,053 Projects Provide Water to 37.3 million Nigerians, According to The FG.
The Federal Government and its partners in various states established 10,053 water supply schemes and projects in urban centers and…
Uganda: Ggoobi Declares That No New Taxes will be Implemented In The Upcoming Fiscal Year.
The government has ruled out enacting new taxes or raising existing ones in the fiscal year 2023–2024. The action aims…
Fitch – Ghanaian Banks will Deteriorate As A Result of The Restructuring of The Country’s Debt.
When banks replace their current debt with new bonds that have lower coupons and longer tenors, according to Fitch, they…
Kenya: How Sh15 billion That was Frozen In 2022 Vanished.
Prior to the August election, Kenya flagged more than Sh15 billion in just three years. The High Court later froze…
Kenya’s Forex Buffer Exceeds 4 Months of Coverage on IMF Loan.
After the International Monetary Fund (IMF) disbursed Sh81. 7 billion, Kenya’s foreign exchange reserves increased to $7.537 billion (Sh925. 6…
Nigeria Senate Committee Supports Coalition’s Call for N20/Litre Sugar Tax.
The National Action on Sugar Reduction Coalition (NASR) is advocating for an increase in the current tax on sugar-sweetened beverages…
Nigeria: Lekki Port Starts Discussions On A Liquid Berth Terminal.
According to Laurence Smith, the Chief Operating Officer of Lekki Port LFTZ Enterprise Limited, discussions have begun with potential managers…
25-year Port Master Plan will Be Completed In Q3 2023 – NPA.
According to Mohammed Bello-Koko, managing director of the Nigerian Ports Authority, the 25-year port master plans will be completed before…
Old Naira Notes: The Senate Requests That The Deadline be Moved to June 30.
Following the redesign of the N200, N500, and N1,000 banknotes, the Senate unanimously urged the Central Bank of Nigeria (CBN)…
Nigerian Assembly Passes N21.8tn Budget.
The 2023 budget request was increased by N20.51 trillion to N21. 82 trillion by the National Assembly. Additionally, the National…
Nigerian Reps Hinder A Planned $1 billion Oil Asset Auction.
The House of Representatives has requested that the Federal Government halt the planned $250 million auction of Oil Mining Licence…
Somalia Denies Genel Energy’s ‘Illegal Claim’ to Oil Permits.
According to Somalia’s oil ministry, the country rejected Genel Energy’s (GENL. L) “illegal claim” to oil exploration and exploitation rights…
Nigeria’s Senate Approves The 2023 Budget but Defers a Decision On The Loan-bond Swap.
The Nigerian Senate raised the budget for 2023 by 6. 4% to 21. 83 trillion naira ($49 billion) and postponed…
Get Ready, The Lagos Blue Rail Line is Here.
Lagosians who live along the Lagos-Badagry Expressway and beyond are thrilled by the prospects that the first phase of the…
Emefiele Should Defend Himself, Group Says Regarding Terrorism Financing.
The South South Reawakening Group (SSRG) demanded that the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, explain himself…
Afreximbank’s FEDA Purchases A Stake In Geregu Power Plc To Boost The Power Sector
The Fund for Export Development in Africa (FEDA) of the African Export-Import Bank (Afreximbank) has announced that it has obtained…
U.S. Looks Into $370 million Theft Following FTX Bankruptcy: Bloomberg News.
According to Bloomberg News, which cited a source familiar with the investigation, federal authorities are looking into an alleged theft…
CBN: Banks’ Annual Loans To Businesses Reached N6.69 Trillion.
The Central Bank of Nigeria (CBN) recently reported that the amount of additional cash deposits that banks had drawn into…
Nigeria: Workers and Businesses can Dispute Tax Burdens.
Taxpayers have the right to appeal and protest tax obligations imposed on them by any government, according to a tax…
In 2023, German Corporations Intend to Invest more in Africa.
43% of German companies anticipate increasing their investments in Africa in the upcoming year, particularly in sectors like green hydrogen…
Passport Issuance Generate N438 billion for Nigeria Immigration.
The Nigeria Immigration Service has earned N438.78 billion in income since 2017. This occurred when the agency’s total internal revenue…
UN: Nigerians are being Impacted by Falling Naira and Rising Food Prices.
According to a report by the United Nations Conference on Trade and Development, a combination of high food costs and…
Domestic Airfares are Up 97%, According to NBS
According to the National Bureau of Statistics’ most recent data, which was released, the average price of a plane ticket…