The Impact Of Europe’s Energy Crisis Will Grow Over Time.
The energy crunch is a long-term issue that will increase public debt in Europe; render the continent less competitive and…
Day: September 12, 2022
Kenyan Government Dismisses Case Against Nigerian Tech Firms Accused Of Financial Fraud.
Three Nigerian tech firms doing business in Kenya were the targets of allegations of money laundering by Kenya’s Assets Recovery Agency. Along with Flutterwave, three other businesses were listed: Avalon Offshore Logistics Limited, OIT Africa Limited, and Remix Capital Limited. Initially, they had been charged with utilizing their platform as a means of money laundering. The three companies’ millions of dollars were ordered frozen by the agency in April; making it illegal for…
Returns For Kenyan Insurers Are Impacted By The Stock Market Fall.
Due to decreased share prices on the Kenyan stock market, insurance companies saw a decline in investment revenue in the…
NCBA Finances Its Tanzanian Affiliate With Sh2billion.
In order to better serve large enterprises, NCBA Bank Tanzania is closing extra branches in certain areas. The recent announcement…
Market Operations Will Cease On September 19 At The Bank of England.
In accordance with its standard procedure for public holidays, the Bank of England said that it will stop its CHAPS…
China Renounces Interest-Free Loans To Africa Worth 1% Or Less Of Its Credit To The Continent.
In August, the Chinese foreign ministry announced that it had canceled 23 loans to 17 African nations that were due…
$265million In Promised Airline Funds Remain Unpaid By FG.
Out of the N465 million owing to international airlines operating in the nation, the federal government has not yet paid…
The Insurance Industry Experiences A 17.28% Q2 Growth.
Using data from the National Bureau of Statistics’ second quarter 2022 Gross Domestic Product report, it can be shown that…
Domino’s Pizza Has Invested N26billion, In Nigeria.
Domino Pizza, together with its other international brands including Cold Stone Creamery, is the world’s largest value chain for pizza.…
Angola Becomes Africa’s Biggest Crude Producer.
Nigeria’s productivity has been progressively declining since 2020, and this year it struck multi-decade lows. Nigeria loses roughly 400,000 barrels…
We Invested $7.6billion In The Forex Market- CBN.
The CBN said that in January and February, respectively, it invested $1.65 billion and $1. 39 billion in the foreign…