In Spite of a Prolonged Recession, the Bank of England Raises Rates by the Highest Since 1989.
On Thursday, the Bank of England increased interest rates to their highest level since 1989; but issued a warning to…
Day: November 3, 2022
Nigeria’s Power Production Increases in 48 hours and Reaches 4,864MW.
Power generation on the national grid climbed by 834.8 megawatts, reaching a peak of 4,863.7MW.The grid generated 4,028.9MW of off-peak…
Flood: FEC Approves N506billion Contract for East-West Road.
The East-West Road Project Sections 1-4 from Warri to Port Harcourt, Eket, and Oron contract value was N260 billion; with…
Stakeholders want Nigeria to Adopt Ghana’s Port System.
Stakeholders have advocated for Nigeria to adopt Ghana’s Single Window System and Trade-Net, an electronic data exchange network. Additionally, they…
According to Emefiele, the CBN is Creating New Legislation to Address Vulnerabilities to Financial Systems.
According to the Governor of the Central Bank of Nigeria (CBN), threats to the financial service system prompted the development…
OPEC: Half of Africa’s Refining Output will come from Dangote’s 650,000 bpd Facility.
According to the Organization of Petroleum Exporting Countries (OPEC), more than half of Africa’s total extra distillations would be by…
Nigeria Loses 120million Barrels of Petroleum and $12.6billion in Nine Months.
Between January and September of this year, Nigeria lost no less than 120 million barrels of crude oil; due to…
Financial Watchdog Investigates Sportsbet and Bet365 on Grounds of Money Laundering.
On the grounds that Sportsbet and Bet365 may not have complied with anti-money laundering regulations, the Australian Financial Crime Watchdog…
Telcos make N1.92billion from Calls and Data.
Between January and September 2022, MTN and Airtel earned N1.92 trillion on calls and data. This is information from MTN…
Non-Oil Export Proceeds Hit $2.59b
The Federal Government had the best non-oil export performance this year, with a total value of $2. 59 billion, according…
NAICOM Lists Requirements for Dividend Payment to Investors in the Insurance Sector.
The National Insurance Commission (NAICOM) has outlined the criteria under which dividends on insurance shares would pay to shareholders. Shareholders…
Kenya Airways will Pay the Outstanding Employee Salary of Sh6.5billion in June 2023.
In an effort to quell the growing employee dissatisfaction at the airline, national carrier Kenya Airways (KQ) aims to pay…