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Day: November 14, 2022

Buyoya Promoted to be IFC’s Regional Director for West Africa.
FinanceMarket

Buyoya Promoted to be IFC’s Regional Director for West Africa.

Olivier Buyoya has been appointed as the new regional director for the International Finance Corporation (IFC) in West Africa. Buyoya,…

byakintundeNovember 14, 2022November 14, 2022
Young Chae Predicts that by the End of 2022, Bilateral Trade between Korea and Nigeria would Reach $2.4 billion.
Business

Young Chae Predicts that by the End of 2022, Bilateral Trade between Korea and Nigeria would Reach $2.4 billion.

By the end of the year, the bilateral commerce between Nigeria and South Korea, the tenth-largest economy in the world,…

byakintundeNovember 14, 2022November 14, 2022
Central Bank of Kenya Requests Banks to take Additional Loan Pricing Criteria into Account.
AfricaMarket

Central Bank of Kenya Requests Banks to take Additional Loan Pricing Criteria into Account.

In order to extend loans at an acceptable price, the Central Bank of Kenya (CBK) has urged lenders to take…

byakintundeNovember 14, 2022November 14, 2022
To Accelerate the Growth of SMEs, Bank of Ghana Collaborates with Two Parties.
AfricaBankingBusiness

To Accelerate the Growth of SMEs, Bank of Ghana Collaborates with Two Parties.

The Bank of Ghana (BoG) has teamed up with two organizations to provide the nation’s micro, small, and medium-sized companies…

byakintundeNovember 14, 2022November 14, 2022
Cocoa Growers in Ivory Coast worry that an Unpredictable Environment may Reduce Crop Production.
AfricaAgriculture

Cocoa Growers in Ivory Coast worry that an Unpredictable Environment may Reduce Crop Production.

The leading producer of cocoa in the world has been impact by the shift in rain patterns. Nearly half of…

byakintundeNovember 14, 2022November 14, 2022
Ghana’s Economy to Expand Below Average – Standard Bank
Africa

Ghana’s Economy to Expand Below Average – Standard Bank

Ghana’s GDP growth prediction for the end of 2022 has been cut from an earlier 3.1% to 2. 6% by…

byakintundeNovember 14, 2022February 8, 2023
Visa and FTX have Ended their Global Debit Card Arrangements.
Technology

Visa and FTX have Ended their Global Debit Card Arrangements.

The largest payment processor in the world, Visa Inc (V.N), said that it was terminating its global credit card arrangements…

byakintundeNovember 14, 2022November 14, 2022
Kenyan Firms Among the COP27 Contest Winners.
Africa

Kenyan Firms Among the COP27 Contest Winners.

Twenty African businesses, including three startups from Kenya, will split the $2 million (Sh244 million) grant that was revealed at…

byakintundeNovember 14, 2022November 14, 2022
Oil Tanker being Held in Equatorial Guinea Heads Back to Nigeria.
World

Oil Tanker being Held in Equatorial Guinea Heads Back to Nigeria.

A spokesperson for the Nigerian Navy told Reuters that an oil super tanker that had been suspected by the country’s…

byakintundeNovember 14, 2022November 14, 2022
Operators Assert that Micro Pensions will Reduce Poverty.
Local

Operators Assert that Micro Pensions will Reduce Poverty.

Micro pension plans are a national emergency system to prevent a rise in the poverty rate and reliance on public…

byakintundeNovember 14, 2022November 14, 2022
Naira Redesign: CBN Promises to Safeguard Nigerians in Rural Areas.
Local

Naira Redesign: CBN Promises to Safeguard Nigerians in Rural Areas.

In light of its intentions to restructure the naira, the Central Bank of Nigeria has vowed to safeguard Nigerians who…

byakintundeNovember 14, 2022November 14, 2022
90% of the Plan to Enhance Wheeling Capacity by 1000MW is Finished, According to TCN.
Local

90% of the Plan to Enhance Wheeling Capacity by 1000MW is Finished, According to TCN.

The plan to increase grid capacity by the Transmission Company of Nigeria is 90% finished, according to the Nigerian government.…

byakintundeNovember 14, 2022November 14, 2022
EU Plans to Buy 22million Tons of Nigerian Gas Annually.
Local

EU Plans to Buy 22million Tons of Nigerian Gas Annually.

With plans to increase gas imports from Nigeria to the tune of 22 million tons annually; the most populous country…

byakintundeNovember 14, 2022November 14, 2022
Consumption Costs Reach N57 trillion as a Result of Rising Inflation.
Finance

Consumption Costs Reach N57 trillion as a Result of Rising Inflation.

Consumption spending in Nigeria increased to N57.08 trillion in the first half of 2022 due to rising inflation. According to…

byakintundeNovember 14, 2022February 8, 2023
Customers are Charged N715bn by Banks for Electronic Transactions, Among Others.
Local

Customers are Charged N715bn by Banks for Electronic Transactions, Among Others.

In the first nine months of 2022, 11 banks charged their clients N714. 61bn in electronic fees and other charges.…

byakintundeNovember 14, 2022November 14, 2022
Elon Musk Prepares for a $56 billion Fight with a Drummer from Heavy Metal.
BusinessMarket

Elon Musk Prepares for a $56 billion Fight with a Drummer from Heavy Metal.

Elon Musk has fought against the automakers, short sellers, and securities authorities in Detroit. The Tesla (TSLA. O) CEO will…

byakintundeNovember 14, 2022November 14, 2022

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