Nigerian Reps look Into NPA’s $800 million Port Operator Debt.
The Nigerian Ports Authority is allegedly indebted over $800 million in debt to port operators, according to the House of…
Day: December 5, 2022
Nigeria Loses More Than 500 Medical Consultants in Two Years to Developed Nations.
According to the Medical and Dental Consultants’ Association of Nigeria (MDCAN), between 2020 and 2022, at least 500 of its…
Bboxx-EDF Obtains €11 million to Speed Up Electrification of Togo with Solar Kits.
Bboxx, a manufacturer and distributor of plug-and-play solar systems with a focus on Africa, and its partner EDF, a world…
US, ABC, and Microsoft Rally Behind Data Protection Bill Passage.
Chief executive officer of American Business Council (ABC) Margaret Olele has said the data protection bill before the National Assembly…
NNPC and Chevron Acquire N610 billion in Funding for 37 Oil Wells.
The Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL), announced that $1. 4 billion in financing has been…
Euro Zone Heading into Mild Recession.
The final composite S&P Global Purchasing Managers’ Index (PMI) for the euro zone, which is regarded as a reliable indicator…
Nigeria FG Plans New Green Bond Issuance For 2023.
The federal government plans to issue new green bond in 2023 as government explores widely diversified, alternative funding sources to…
Oikocredit Invest Debt in Solarise Africa.
Oikocredit has teamed up with the Facility for Energy Inclusion (FEI) and AfricaGoGreen (AGG), two funds run by the Lion’s…
4Di Capital Holds Second Close for New Seed Fund.
South African early-stage venture capital firm 4Di Capital has announced the second closing of its new US$25 million seed fund…
Egypt Hopes to Issue its First Panda Bonds.
According to Deputy Finance Minister Ahmed Kouchock, Egypt plans to issue its first panda bonds by the end of this…
Global Central Bank Push for Rate Increase.
Central banks overseeing six of the 10 most heavily traded currencies delivered 350 basis points (bps) of rate hikes between…
Ghana will Swap its Economic Debt to Regain its Stability.
Ghana will begin trading domestic debt, according to its finance minister Ken Ofori-Atta, who expressed optimism that the action will…
UK Economy to Shrink in 2023 – CBI.
Britain’s economy is on course to shrink 0. 4% in 2023 as inflation remains high and companies put investment on…
NITDA says Nigeria can Earn 40billion from the Tech Sector.
Nigeria currently has a competitive advantage to become the global talent factory in the tech sector with the capacity to…
Nigerias Telecoms Subscribers Hit 214million.
In October, there were 214. 34 million active telecommunications subscribers. Since the country’s subscriber base peaked at 207. 58 million…