Kogi, China to Invest N591 billion, Create 685,000 Jobs.
The Kogi State Government and Chinese investors have signed a Memorandum of Understanding to provide technology security architecture for monitoring…
Month: November 2022
Health Sector Issues will be Discussed at a Pharmaceutical Summit.
According to the Impact Africa Summit, pharmaceutical R&D and clinical trials will be discussed in Africa. Adebukunola Telufusi, Executive Director…
CBN Comments on the Alleged Plan to Launch the N5000 Note.
The Central Bank of Nigeria (CBN) has stated that it has no plans for a new note, clarifying its position…
Ghana’s Debt Restructuring: Eurobond Holders Face Possible 30% Cut.
As the government pursues a debt exchange program to meet the requirements for a loan from the International Monetary Fund,…
CBN Approves New Rules to Combat Money Laundering.
In order to implement the provisions of the Anti-Money Laundering, Combating the Financing of Terrorism, and Countering Proliferation of Weapons…
Nigeria Hopes to Stop Importing Petroleum Products in 2023.
According to Timipre Sylva, Nigeria’s oil minister, the country expects to stop importing petroleum products before or around the third…
Registrars for Capital Markets Demand Proper Identity Management.
To encourage investment in Nigeria’s capital market, the Institute of Capital Market Registrars has called for proper identity management. This…
RMAFC, EFCC Discover $205 million in Unremitted Funds from Oil Firms.
Through collaboration with the Economic and Financial Crimes Commission, the Revenue Mobilisation Allocation and Fiscal Commission claims to have found…
CBN Reimburses Non-oil Exporters with N81 billion.
According to the Central Bank of Nigeria, non-oil export proceeds returned to Nigeria increased significantly from $3. 1 billion in…
Depots Sell N220/litre, Marketers Project N350/litre Pump Price.
Given the continued scarcity of the product, Premium Motor Spirit, also known as gasoline, could reach N400 per litre at…
Nigerian exporters were paid N81 billion by CBN.
The Center Bank of Nigeria (CBN) reported that it has given tenacious Nigerian exporters incentives totaling N81 billion. At the…
Taxes on Beverages will Reduce Production and Income by 40%, According to Manufacturers.
The Manufacturers Association of Nigeria (MAN), has warned that the Federal Government’s proposed 20% Ad-Valorem Excise Tax on non-alcoholic Beverages…
Ghana’s’ Transport Minister Advises Freight Forwarders to Standardize Transportation to Encourage Better Service.
Ghana’s transport minister, has urged the freight forwarding industry to work on harmonizing and standardizing shipping line fees, negotiating for…
The Outlook for Sterling Bank’s “BBB+” Rating is Favorable.
DataPro, the Technology-Driven Credit Rating Agency, assigned Sterling Bank Plc a long-term rating of “BBB+” with a Positive Outlook for…
As Climate Crisis Converge, Oil Companies look to the South African coasts as Fuel.
According to Liezl Human of GroundUp, the French energy company, TotalEnergies is getting ready to submit its final application for…
Bitfront, a Cryptocurrency Exchange, has Shut Down.
Despite efforts to overcome challenges in the rapidly evolving industry, Bitfront, a U.S. Crypto exchange backed by Japanese social media…
Nigeria’s Government is Relying on an Energy Transition Plan to Lift 100 million People out of Poverty.
The federal government has made the fulfillment of Nigeria’s Energy Transition Plan. A condition for achieving its goal of releasing…
Diesel Prices Increased by 215%, Gas by 70.6%, and Petrol prices by 17% in 2022.
The average retail price of Automotive Gas Oil (AGO), often known as diesel, which many Nigerian companies used to power…
Trade Volume Between the UK and Nigeria Hits £5.5bn.
At the eighth and final UK-Nigeria Economic Development Forum, both parties reaffirmed their shared interest in pursuing a prospective Enhanced…
As a Hydro Plant Shuts Down, the Electricity Situation in Zimbabwe will Get Worse.
After the organization in charge of managing southern Africa’s largest dam ordered the halt of electricity production at its major…
Kenya’s Centum Investment H1 Pretax Loss Widens.
Kenya’s Centum Investment (CTUM. NR), which reported a larger first-half loss, said it would buy back up to 10% of…
Investors Rush As the Fed Government’s N100 billion Sukuk Closes.
The offer period for the federal government’s continuing sovereign Sukuk is coming to an end. Therefore, investors are scrambling to…
The Declining Gold Boom in Burkina Faso Threatens People’s Means of Survival
A gold mining boom in Burkina Faso over the last decade propelled Boukary Diallo from being a vendor on a…
London Museum Returns Benin Bronzes to Nigeria.
The Horniman Museum in London has formally started the process of returning 72 Benin bronzes to Nigeria. Following agreements between…
Amazon closes its operations in India.
Amazon, a U.S. Online retailer, is closing its wholesale distribution operation in India in order to concentrate more on its…
Exclusive: Exxon will leave Equatorial Guinea amid the Phase-out of Crude in Africa.
Exxon Mobil Corp (XOM. N) will cease oil production in Equatorial Guinea after its license expires in 2026 and depart…
Dollar Crisis Earns Kenya Banks Sh52bn Amid Consumer Woes.
For the nine months ending September, commercial banks’ earnings from foreign exchange trading nearly doubled due to higher demand for…
The Ministry of Finance disputes budget padding.
Allegations that various ministries, departments, and organizations have padded their budgets have been disputed by Mrs. Zainab Ahmed, Minister of…
Ijarah Sukuk Funding Awarded to Pomegranate for N2.25 billion.
Through WealthBridge Capital Partners Limited, Pomegranate Nigeria Limited (PNL) has successfully raised N2.25 billion in Al-Ijarah Sukuk 3-year Note. To…
Lekki Free Zone Company, NNPC, and NIPCO Reach Gas Infrastructure Agreement.
Since NIPCO Gas Limited signed an agreement with the NNPC Gas Marketing Limited (NGML) and Lekki Free Zone Development Company…