Afreximbank’s $4b To Support Nigeria, Others On Food, Fuel Imports
African Export-Import Bank (Afreximbank) said it plans to assist Nigeria from the $4 billion Ukraine Crisis Adjustment Trade Financing Programme…
Day: April 21, 2022
Paris Club: States Write Nigerian Government, Kick Against $418m Deduction
States have asked the FG to refrain from deducting from funds accruing to them and all LGs councils as liquidation…
Court Orders Eden Tanzania To Pay TBL Sh607 Million
Eden Tanzania Limited has been ordered to pay Tanzania Breweries Limited (TBL) Sh606.7 million. This is for breach of contract…
Energy Ministry Goes Mute On Pledge To Cut Power Bills – Kenya
Energy and Petroleum Cabinet Secretary Monica Juma said in January the cost of power would come down by March 31.…
DrinksDirect.NG and Cane Integrated Investment Ltd. partner to empower women and young adults
Have you been wondering how to kickstart your business journey and you’re unable to raise capital? Do you own or…
Kenya Airways Planes Grounded In Leasing Fees Fight
Two aircraft leasing firms have rejected Kenya Airways’ proposals to reduce the cost of hiring their planes in a row…
Treasury Raises Sh60bn From April Bond Sales – Kenya
The government has raised Sh27.6 billion from the sale of the fifteen-year bond which had targeted to raise Sh30 billion.…
Rethink Your Policy On Fuel Subsidy, World Bank Tells Nigeria
The President of the World Bank Group, Mr. David Malpass has once more reiterated the need for FGN to reconsider…
Coleman pays back Series II N3.804bn
Coleman has successfully paid back series two N3.804 billion under its N20 billion CP Issuance Programme on the FMDQ Exchange.…
Import, Forex Restrictions Worsening Food Inflation In Nigeria –World Bank
The World Bank has disclosed that import restrictions and non-flexible exchange rate management of the Central Bank of Nigeria are…
Nigerian Government To End N200b Yearly Electricity Subsidy In December
The Federal Government is looking at ending tariff shortfall, averaging N200 billion yearly, in the power sector by the end…
Central Bank Of Nigeria Loans To ABP Farmers Hit N976bn – Report
The CBN has disbursed N975.61bn to farmers across the country under the Anchor Borrowers’ Programme. Figures obtained from CBN showed…
External Reserves Return To Growth Path, Gain $243.83m- Nigeria
Nigeria’s external reserves rose by $243.83m in 19 days, according to figures obtained from the Central Bank of Nigeria. CBN…
131,376 Nigerian Retirees Withdraw N32bn, Quit Pension Scheme
About 131,376 workers, who retired from active service, cannot be placed on monthly pensions, says National Pension Commission. PenCom said…
Small Investors Buy Additional Sh74bn State Bonds -Kenya
The share of the government’s domestic debt held by individuals and other non-financial institutions increased 38% or Sh74 billion in…
Nigeria’s Economy To Grow By 3.4% In 2022 — IMF
IMF has said Nigeria’s economy would grow by 3.4% in 2022 in its latest world economic outlook projections. It revealed…