The African Development Fund Raises $8.9 billion for Low-income Nations in Africa.
The African Development Fund’s (ADF) development partners have agreed to contribute a total of $8.9 billion to the financing cycle…
Day: December 7, 2022
Lekki Port and LFZ Integration Will Change Nigeria’s Economic Fortunes.
The integration of Lekki Port with Lagos Free Zone, according to Mr. Dinesh Rathi, Chief Executive Officer of Lagos Free…
Tanzania Cancels Independence Day Celebration, To Use $445k Budget To Build School Dormitories.
The president of Tanzania, has canceled the Independence Day festivities that were set to take place this Friday, December 9.…
eNaira Circulation Rises to N400million.
The e-circulation naira’s has increased to N401. 82 million, according to data from the Central Bank of Nigeria. Also, transaction…
Trade Between Ghana and Italy Totals €500 million.
Ghana and Italy’s bilateral trade increased to a record high of €520 million in 2021. The Italian ambassador to Ghana…
Kenya: Tax Refund Claims Hit Sh109bn.
According to the Kenya Revenue Authority (KRA), unclaimed tax refunds total more than Sh109 billion, which is hurting businesses’ cash…
Fed Govt Opens Application for December Savings Bonds.
The Federal Government opened the application list for its monthly retail bond issuance, also known as the Federal Government of…
Nigeria would Add 1 GW by 2027 Despite the Growth of Renewable Energy Globally.
Nigeria’s growth in renewable energy would reach 1 gigawatt (GW) by 2027, according to the International Energy Agency’s (IEA) 2022…
ARUWA Capital Management Receives a USD 1.5 million Equity Investment
ARUWA Capital Management, based in Nigeria, has received a USD 1. 5 million equity investment from FSDAi Nyala Facility BV…
US and UK Promise to Keep LNG Trade at High Levels.
The UK has been affected by rising prices, but it is less dependent on Russian gas than the EU, and…
CBN’s Cash Withdrawal Policy is Part of a Broader Strategy to Manage Forex Demand.
Nigerians have reacted to the news as expected as to why the central bank decided to implement this revised cash…
Iranian Authorities Plan to Freeze the Bank Accounts of Women who Reject the Hijab.
According to a member of the Iranian parliament, the government intends to introduce new penalties for women who choose not…
Nigeria’s Oil Production Climbs to 1.6m Barrels.
Nigeria’s crude oil output is increasing again, rising to about 1.6 million barrels per day. Nigeria has failed to meet…
Despite Global Headwinds, Remittances Grew by 5% in 2022.
Remittances to low- and middle-income countries increased by an estimated 5% to $626 billion in 2022. Remittances to China, however,…
Geregu Power Share Price Fall 9.8% on Sell Pressure.
Investors lost about N30.250 billion as a result of the selling pressure that was seen on Geregu Power Plc shares…