“Japa”: The UK is Considering Stricter Regulations as Nigerians Bring The Most Relatives.
According to the UK, there may be a cap on the number of relatives immigrants are to bring to the…
Month: October 2022
In September 2022, PoS Transactions Reached a Record-breaking Monthly High of N735.6billion.
Nigerian Point of Sales (PoS) terminal transaction volume increased to N735.6 billion in September 2022. As more Nigerians use cashless…
First Public Flight of Chinese “Flying Car” Takes Place in Dubai.
In an effort to introduce its electric aircraft to global markets, Chinese electronic vehicle manufacturer Xpeng Inc.’ “flying car” performed…
United States Returns 23 Looted Items Back To Benin, Nigeria with Plans To Open an International Exhibition.
Through the National Gallery of Art, the Rhode Island School of Design, and the Smithsonian National Museum of African Art,…
In September, Nigeria’s Daily Crude Oil Production Decreased to 937,766bpd.
Due to theft, Nigeria’s crude oil production output for the year remained dismal in September, with an average of 937,766…
The Oil and Gas Industry Receives The Most Bank Credit Allocation in 2021.
According to data from the National Bureau of Statistics’ (NBS) October 2022 report, the oil and gas industry was one…
Nigeria Attracts $10.1billion Diaspora Remittance in Half of 2022.
Between January and June 2022, Nigerians received $10.11 billion in diaspora remittances, a 9.6% increase over the $9. 23 billion…
Foreign Medical Spending by Nigerians Falls by 65% In Q1 of 2022.
Nigerians spent $185 million on foreign (medical) health services in the first half of 2022; a 65% decrease from the…
51% of Finibanco Angola S.A. is purchased by Access Bank.
According to the bank’s company secretary, Access Holding Plc’s subsidiary, Access Corporation, completed the deal before announcing that Access Holding…
After US Interest Rate Increases, Safaricom’s Valuation Falls Below Sh1trillion – Kenya.
Due to the exodus of foreign investors following rate increases in the US, Safaricom’s valuation at the Nairobi Stock Exchange…
The Mining Industry Contributes 7.3% of Tanzania’s GDP.
The mining sector’s contribution to the GDP climbed to 7.3% last year from 4. 8% in 2018, getting closer to…
In Just One Week, Airtel Africa’s Market Value Declines by N752 billion.
Following persistent sell pressure on the equity, Airtel Africa Plc, one of the largest telecom companies listed on the Nigerian…
Construction Sector Leadership Award Goes to Julius Berger for the Seventh Time in a Row.
Julius Berger Nigeria Plc, ostensibly the most innovative and reputable engineering construction company in the nation, has triumphantly taken home…
Ghana’s Cedi Dropped 72% in Ten Months.
Since the beginning of the year, the Ghanaian cedi has lost 72% of its value relative to the US dollar.…
Nigerian Non-oil Exports Reach $2.6 billion in Six months
According to Dr. Ezra Yakusak, Chief Executive Officer of the Nigerian Export Promotion Council, Nigeria’s non-oil export sector generated $2.…
CBN Loans to Nigerian FG Hits N22trillion.
In August 2022, the Federal Government obtained a N1. 46 trillion loan through Ways and Means Advances from the Central…
76 People have Died as A Result of The Boat Capsize Catastrophe in Nigeria.
The president said that there have now been 76 fatalities; as a result of a boat accident in the state…
Investors’ Groups Criticize the Kogi Government and Claim That Any Action Taken Over Dangote Cement Would be Risky.
The Federal Government of Nigeria has been urged by a group of shareholder associations; to step in immediately and persuade…
42 Tapping Points Associated With Oil Theft Found In Delta and Bayelsa.
Security personnel and Former leader Government Ekpemupolo, alias Tompolo, have found a total of 58 petroleum bunker tapping locations on…
In September, Canada Added Jobs, and Unemployment Rate Decreased.
According to official figures, the Canadian economy created jobs in September but did nothing to make up for the losses…
Kogi Flooding Leads to Fuel Shortage in Abuja, Says NNPC.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) blames the current fuel shortage in Abuja and other neighboring states…
Russia will Benefit the Most from OPEC+’s Reduction in Oil Production.
Deep oil production cuts unexpectedly agreed to by OPEC+ this week are expected to benefit Russia the most while restricting…
Flood Destroy Homes, Crops, and Optimism in Nigeria’s Food Basket State.
At least 500,000 Nigerians have been impacted by flooding this year in 29 of the country’s 36 states, including Okonkwo.…
Indonesia Is Negotiating With African Nations To Export Its Home-made COVID Vaccine.
After being the first country in Southeast Asia to authorize a domestically created COVID shot, Indonesia is in discussions with…
Nigeria Is Among The African Nations With The Lowest Budgets Per Capita.
Nigeria now has the fourth lowest budget per capita among the 20 largest African economies; behind only the Democratic Republic…
Google Commits Over $200million To Nigeria and Other Africa Countries.
In the past year, Google has invested well over $200 million in Nigeria and other countries in Africa. This was…
Banking Sector Disruption: Fintechs Will Continue To Be Guided By CBN, Says Emefiele
Financial technology (fintech) businesses, according to CBN Governor Godwin Emefiele, are upending the banking industry. However, according to the CBN…
Nigerian Senate Authorizes The $73 per barrel Oil price.
Prior to the President presenting his proposed budget for 2023, the Senate adopted the Fiscal Strategic Paper and the 23-25…
Senate Rejects N1.7trillion Subsidy Recommendation Made by Committee For Budget.
The executive’s proposal to lower the N3.6 trillion budgeted for subsidies in the 2023 budget to N1. 7 trillion was…
Nigeria Now Has 210million Active Mobile Customers.
In August 2022, there were 210 million active mobile customers, up from 208.6million in July, with a teledensity of 109.99%.…