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…
Month: November 2022
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…
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…
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…
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…
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…
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…
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.…
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…
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…
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.…
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…
Britain Freezes £18bn Worth of Russian Assets.
Russia is now Britain’s most-sanctioned nation, surpassing both Iran and Libya, according to the Office of Financial Sanctions Implementation. In…
Nigeria’s GDP Expands by 3.54% in the Second Quarter of 2022.
Nigeria’s Gross Domestic Product (GDP) grew by 3.54% (year-on-year) in real terms in the second quarter of 2022, according to…
Peter Obi’s Investment in Anambra was Insignificant, According to Soludo
Peter Obi, the rumored Labour Party presidential contender, is claimed to have invested money in the state government, but according…
Buhari Says He doesn’t Own a home in the UK.
The president, Major General Muhammadu Buhari (ret. ), claimed that during his meeting with King Charles III, he informed the…
Uganda Hopes to Enhance its Trading Relations with China.
In an effort to find further avenues for pursuing economic and commercial cooperation on a “win-win basis,” authorities from the…
In October, Inflation Reached 40.4% In Ghana.
Ghana’s year-over-year inflation increased to 40.4% in October from 37.2% in September, according to the Ghana Statistical Service (GSS). This…
Tongeji Island in Ogun will House a 400,000-liter-per-day Refinery.
Gasoline Integrated International announced its willingness to develop a $3 billion refinery in the state’s Tongeji Island, Ipokia Local Government…
Banks Will Use Tellers Following Naira Redesign
The Bank Customers Association of Nigeria (BCAN), which represents commercial bank clients, has requested an extension of the deadline for…
Kenya and South Africa End their Trade Dispute
President William Ruto and his South African counterpart Cyril Ramaphosa announced that the two nations would deal with non-tariff obstacles…
Fuel Supply is Hampered by Illegal Charges and the Currency Crisis, say Marketers.
According to the Depots and Petroleum Products’ Marketers Association of Nigeria, the problems preventing the supply and distribution of Premium…
Nigerian Mobile Transactions Increased to N12.8 trillion in only 9 Months.
Between January and September 2022, Nigerians made mobile transactions totalling N12. 8 trillion, more than twice as much as what…
Elon Musk Sells at least 3.58billion Worth of Tesla Shares.
Elon Musk, CEO of Tesla Inc. (TSLA.O), sold $3. 95 billion worth of shares in the electric vehicle manufacture; according…
Sam-Bankman Fried Informed the Director of OKX that FTX had a $7 billion Liability.
According to a top official at OKX, FTX CEO Sam Bankman-Fried requested a $2 billion to $4 billion capital infusion…
Rise and Fall of Crypto Exchange FTX
Exchanging cryptocurrencies Following the failure of a rescue from bigger rival Binance, FTX was on the verge of bankruptcy. Sam…
Toyota Tsusho Establishes “Health54,” a Startup Investment in the Healthcare Field in Africa.
Toyota Tsusho Corporation (“Toyota Tsusho”) announced that its subsidiary CFAO SAS (“CFAO”) has founded Health54 SAS (“H54”), a corporate venture…
$6 million will be Invested in AfyA Care by CardinalStone Capital Advisors.
AfyA Care’s Series A capital round will include a $6 million investment from CardinalStone Capital Advisers (CCA); a West African…
The Strategic Partnership of RMB Corvest is Extended to a Solar Supplier.
To help Sedgeley Solar Energy Namibia (Sedgeley Energy) better capitalize on rooftop solar photovoltaic (PV) potential, private equity company RMB…
Nigeria’s Oil Production Increases to 1million Barrels Per Day.
For the first time since June of this year, Nigeria’s oil output increased in October to 1. 02 million barrels…