How To Earn From The 15.5% Interest Rate Increase By CBN.
The benchmark interest rate (MPR), according to Nigeria’s Central Bank has risen to a two-decade high of 15.5%. The rate…
Month: September 2022
UNICEF Employs NFTs To Raise Money for Impoverished Nations.
In order to raise money for its purpose of giving internet connection to schools in underdeveloped areas all over the…
Overall Revenue Losses In The Power Sector Total N420billion.
The umbrella organization for Nigeria’s power generation is APGC. According to the executive secretary of the Association of Power Generation…
Ethiopian Airlines Becomes A key Investor In Nigeria Air.
The Nigerian government announced that Ethiopia Airlines is the preferred bidder for Nigeria Air; as it gets ready for the…
Drone Assassinations Are Legal in Israel.
IDF commanders will be permitted to employ drones “to carry out strikes should armed individuals be recognized as posing an…
ECOWAS Names Dangote Manufacturing Brand of the Year.
In addition to winning eight separate Manufacturing Excellence Awards (EMEA) from the Economic Community of West African States, Dangote Industries…
Nigeria’s Food Problem Is Getting Worse Due To Import Dependence.
According to the International Monetary Fund, an excessive reliance on imported foods has made the food crisis that is currently…
The CBN Lends N9.3trillion To Businesses While Reducing Interference.
The Central Bank of Nigeria has lent N9.3tn to businesses, recovering N3.7tn from it.The apex bank said N5tn was not…
Northeastern Angola Finds 131-Carat Diamond.
Another gem, a 131 carat white Type IIa diamond, has been recovered, according to Lucapa Diamond and Sociedade. This is…
Core Capital goods shipments and orders increased in the United States in August.
According to the data, company spending on equipment likely increased in the third quarter, allaying concerns that the economy was…
Nigerian Bank Stocks With The Lowest Price-Earnings.
According to data gathered by Bloomberg, United Bank for Africa Plc, Access Bank Plc, FBN Holdings Plc; and Unity Bank…
Egypt’s Economy Suffers From A Dollar Shortage As Imports Are Restricted.
Egypt’s economic problems have worsened due to the conflict in Ukraine. Unfortunately for individuals who had planned purchases, like Aiad,…
Emefiele Asserts That There Is No Law Requiring CBN To Give Dollars To Foreign Airlines.
Foreign airlines’ funds stranded in Nigeria, according to the International Air Transportation Association (IATA), climbed from $450 million in May…
Kenya Will Stop Using Diesel and Gasoline Trucks and Adopt Green Transportation.
Kenya Power plans to buy additional electric vehicles, including two-wheelers and three-wheelers; in the near future in an effort to…
Guinness Nigeria Increases Shareholder Returns By Stepping Up Its Expansion Plan.
About 11 years ago, the parent company of Guinness Nigeria, Diageo Plc invested over N52 billion in capacity expansion; making…
Experts Criticize CBN for Raising Interest Rates To Combat Inflation.
Inflation is already out of control, reaching a 17-year high in August of 20. 52 percent, stifling the parallel market…
Nigeria Pledged To Promote Environmentally Friendly Shipping – FG.
The Federal Government of Nigeria has stated that Nigeria is committed to developing greener shipping; in line with the International…
CBN Increases MPR To 15.5% In A Determined Effort To Control Inflation.
The Monetary Policy Rate (MPR), known as the interest rate, was increased by 150 basis points from 14 to 15.…
In Terms of African Pension Asset Growth, Nigeria Came In Fifth.
According to a recent report by the Organization for Economic Co-operation and Development, Nigeria has the fifth greatest pension asset…
The Eurozone’s Economic Growth May Come To A Halt.
According to the deputy president of the European Central Bank (ECB); economic growth in the Eurozone has slowed and may…
Fears of Sabotage Are Stoked By Gas Leaks In Russian Pipelines To Europe.
The prime ministers of Poland and Denmark both accused the other of sabotage but did not provide any supporting proof.…
Impact of Governance, Social Issues, and The Environment On Ghanas Banking Sector.
The pandemic brought to light the fragmented nature of our business dealings and the significance of adopting ESG; It as…
FTX Will Purchase The Assets of Insolvent Voyager.
Crypto exchange FTX, whose bailout proposal the bankrupt institution had earlier this year been rejected, has won its assets in…
NNPC Recorded 8million Barrels of Oil Production Losses In July.
According to the Nigerian National Petroleum Company (NNPC) Limited; output losses at crude oil terminals totaled 8.14 million barrels in…
Sterling Falls To A Historic Low Versus The US Dollar.
As a result of the markets’ response to the UK’s largest tax cuts in 50 years, the pound has reached…
How Nigeria’s Real Estate Sector Is Fueled by Land Banking.
The real estate industry is just one of the many areas of human endeavor where various forms of banking are…
4 Coins That Might Become Bullish if The Price of Bitcoin Stabilizes.
In the previous six weeks, the major U.S. stock market indices had their fifth weekly closing. Even though Bitcoin is…
Energy Monopolies Now Control The LNG Shipping Market Due To The Gas Crisis.
Since 2011, the size of the global LNG industry has more than doubled; bringing in dozens of new firms and…
Tanzania intends to purchase a freight plane.
With intentions to use Kilimanjaro International Airport (KIA) as a key airport for cargo landing; the Tanzanian government is about…
Uganda’s Exports Primarily Go To Kenya and South Sudan.
Data from the Ministry of Finance show that Uganda exported more commodities to Kenya and South Sudan in August than…