NNPC meets Marketers as the Impact of the Petrol Shortage Grows.
Petrol, known as premium motor spirit, has becoming more scarce throughout numerous states. Among other places, it got worse in…
Day: November 24, 2022
We’ve Recovered $1bn Looted Funds since 2015 —Nigeria FG.
The Federal Government said that $1 billion in stolen cash had been found since President Muhammadu Buhari’s administration had begun.…
In October, FG, States, and LGAs shared N736.782 billion.
In October, the three levels of government divided N736.782 billion in total. The relevant States received a total of N26.…
At Shs80 trillion in Debt, a Crisis is Imminent in Uganda.
Increases in the budget deficit and public debt are likely to hinder Uganda’s capacity to grow economically and place it…
CBK Increases Lending Fees to Control Inflation.
In an effort to control predictions of out-of-control inflation amid weakening shilling in a net import economy, the Central Bank…
Interest Rates for Borrowers will Increase at Equity Bank starting in January – Kenya.
In January 2023, Equity Group intends to completely begin pricing loans according on the risk profiles of borrowers. Noting the…
Jeff Bezos gives US Homeless Families $123 million
According to Bloomberg, Amazon’s founder Jeff Bezos is donating $123 million to organizations that help homeless families find permanent housing.…
Kenya Treasury to Issue New Bonds in Exchange for the Sh87 billion Debt.
To avert a cash shortage early in the new year, the Treasury is trying to convert Sh87. 8 billion worth…
Malawi Receives $88.3 million from the IMF Under the “Food Shock” Loan Program.
The food shock loan, which is a component of the IMF’s Rapid Credit Facility, would aid the east African nation…
The Lagos Commodities and Futures Exchange gives the SEC an Eko Gold Coin.
In an effort to boost confidence, organize the gold market, and expand the commodities ecosystem, the Lagos Commodities and Futures…
In 2022, TETFund Income Collection Declines by N68 billion.
The Tertiary Education Trust Fund has disclosed that the N68 billion in income it collected in 2021 and utilized to…
NEITI: Nigeria Earned $741.48bn Revenue from Oil, Gas Sector.
According to figures released in Abuja by the Nigeria Extractive Industries Transparency Initiative (NEITI), Nigeria received $741. 48 billion from…
Excess Crude Account Decreases by 89% to $472,513.
In the previous eight years, Nigeria’s surplus crude account has decreased by 89%, from $4. 1 billion in November 2014…
Daily Coronavirus Cases in China Reached a Record High.
According to official data released, China’s daily Covid cases have reached their highest level since the pandemic started. Despite the…
Fed Insiders Anticipate Small Rate Increases to Occur Soon.
The Federal Open Market Committee, which sets interest rates, is largely expected to reduce its rate hike in December from…
Anwar Ibrahim becomes the Tenth Prime Minister of Malaysia, making History.
Anwar Ibrahim, a veteran statesman from Malaysia, was named the nation’s next prime minister. Following a lengthy electoral standoff, according…