Ghana Secures Conditional Approval for $3bn IMF Support.
Ghana and the International Monetary Fund (IMF) have reached a preliminary agreement for the fund to support the economy with…
Day: December 14, 2022
Senate Approves NCC’s N559 billion Budget.
Following the presentation by the Committee on Communications, the Senate passed the Nigerian Communications Commission’s 2023 budget during a plenary…
World Bank Approves $18 Million for Nigeria and Others to Support Effective Disease Surveillance in West Africa.
In order to enhance efficient disease surveillance in West Africa, the World Bank Group has granted a total of $18…
US, Afcfta signs MoU to Promote Business.
The US Chamber of Commerce, through its subsidiary, the US-Africa Business Center, has signed a Memorandum of Understanding with the…
Nigeria’s Import from Russia Dropped by 92%.
Nigeria’s import from Russia has crashed significantly, hitting its lowest this year, as the war in Ukraine persists. The foreign…
There are Currently no Takers for the Debt Exchange Program.
The Central Securities Depository Limited (CSD) is still waiting for the consent of institutional bondholders willing to participate in the…
In 2022, Airlines will Pay an Additional $222 billion for Fuel.
According to the International Air Transport Association, airlines will pay an additional $222 billion for fuel this year. In his…
Architectural Business Cannot Claim Sh1.4 billion from NHIF.
A consultant’s attempt to recover Sh1.4 billion from the National Health Insurance Fund (NHIF) for a bungled deal to build…
Kenya’s Highest and Lowest Paying Industries are Revealed.
The financial and insurance sectors employ the greatest proportion of Kenyans earning more than Sh100,000, indicating an economy with few…
Growth Expectations, Monetary, and Fiscal Policies.
Fiscal and monetary policy are essentially macroeconomic instruments used to control or stimulate the economy. Because the two policies together…
According to the UN, Global Trade will Reach a Record of $32 trillion in 2022.
According to a UN report, the value of global trade is set to set a new record this year, increasing…
Export repatriation: DMBs to Lend N500 billion to Export Firms According to CBN.
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMBs) to grant at least N500 billion in loans…
PenCom has Identified 34 Lenders for the Mortgage Scheme.
The National Pension Commission has released a list of 34 mortgage lenders to begin the mortgage scheme’s implementation. This was…
OPEC Forecasts Robust Global Oil Demand Growth in 2023.
OPEC said that it expected robust global oil demand growth in 2023, with potential economic upside from a relaxation of…
UK Inflation Drops from a 41-year High as Fuel Price Surge Subsides.
Inflation in the United Kingdom came in slightly lower than expected in November, at 10.7%, as lower fuel prices helped…