Derivation Funds: Nigeria FG Allocated N1.98 trillion To States.
As part of the 13% backlog in oil derivation payments to oil-producing states, the Federal Government has paid out a…
Day: December 1, 2022
AXA Mansard Insurance Company Increases Q3 Premium by 19%
The third quarter that ended on September 30, 2022, saw a 19% increase in Gross Written Premium for AXA Mansard…
Nigeria FG Creates a Trading Platform for Consumers and Power Companies.
The Federal Government has announced that starting in 2023, electricity transactions will be conducted through an automated energy trading platform…
We will keep Cracking Down on Ponzi Schemes – Nigeria’s SEC.
In an effort to stop the operations of Ponzi schemes, the Securities and Exchange Commission (SEC) has reassured the investing…
435,000 Tesla Vehicles in China will Receive Software Updates Due to a Marker Light Problem.
A regulatory body announced that Tesla Inc (TSLA. O) will release software updates for more than 435,000 vehicles in China…
Two Swiss Fintechs are Funded by J.P. Morgan Private Bank.
According to a statement released, J.P. Morgan Private Bank has invested in two Swiss fintech firms that specialize in software…
Free Trade Zones in Nigeria Draw $46.4 billion in Investment.
The Nigerian economy received over $46.6 billion in investment thanks to free trade zones. Adesoji Adesugba, the managing director of…
UK’s FTSE 100 Increases as Fed Policy Cues are Highlighted.
Amid cautious investor sentiment ahead of the Federal Reserve Chair’s speech in search of hints about the trajectory of the…
UN Reports the First Shipment of Russian Fertilizer Heads to Africa.
According to a previous export agreement negotiated by the UN, the first shipment of fertilizer made in Russia left the…
3 Kenyan Businesses Received Billions from the Defunct US Crypto Firm FTX.
Regulatory filings and court documents reveal that Sam Bankman-$32 Fried’s billion crypto empire, which collapsed, invested through Alameda Research in…
Nigeria FG Reaffirms Commitment to Reaching Net-Zero Gas Emissions.
The government’s commitment to meeting its net-zero emission targets by 2060 has been reaffirmed by Minister of State for Petroleum…
Incorrect Import and Export Prices Cause Uganda to Lose Millions
Global Financial Integrity (GFI) found that $835 billion of the $1. 6 trillion in potential trade mis-invoicing among the 134…
CAC Opens a Register for Beneficial ownership.
The Corporate Affairs Commission has unveiled a platform for the Beneficial Ownership Register in an effort to strengthen the anti-corruption…
Bonds Suffer as Credit Suisse Stocks Hit New Record Lows.
There were no signs that investors’ worries about the future of the Swiss lender were lessening as shares of Credit…
OPEC Oil Output Declines in November Following Declared Cuts.
According to the survey, OPEC produced 29. 01 million barrels per day (bpd) in November, which is 710,000 bpd less…
Nigeria is a Significant Long-term Investment Market.
Dr. Naledi Pandor, minister of international relations and cooperation, has referred to Nigeria as a significant long-term market for South…