Banks to Commence Issuance of New Naira Notes Today.
The eagerly anticipated, newly redesigned Naira notes from the Central Bank of Nigeria (CBN) will start to circulate among consumers…
Day: December 15, 2022
NNPC Scrambles to End Nigeria Fuel Queues.
According to oil marketers, despite a 17 kobo reduction in the ex-depot price of Premium Motor Spirit, also known as…
Second Niger Bridge Opens to Vehicular Movements.
The Second Niger Bridge is now accessible to vehicles. A government official claimed that a few minor changes to the…
AfCFTA Expects to Trade $12 billion in Four Years.
According to supporters of the African Continental Free Trade Agreement, the agreement has the potential to increase trade value in…
Dollar Edges up Against Euro after U.S. Inflation Data.
The U.S. producer inflation data for November came in somewhat hotter than anticipated. As a result, the dollar nudged higher…
Buhari: Nigeria Committed to Ending Use of Petrol, Diesel Generator.
According to President Muhammadu Buhari, the Nigerian government would make every effort to totally phase out the use of gasoline…
AWHF Urges Tanzania to Use its Heritage Resources.
Tanzania has been challenged to maximize the value of its spectacular heritage resources. The country’s numerous sites of outstanding universal…
IMF to Inject $3bn into Ghana’s Economy.
Ghana has reached an agreement with the International Monetary Fund (IMF) for a $3 billion injection into the economy over…
Musk Sells Another $3.6 billion Worth of Tesla Stock.
Elon Musk, the CEO of Tesla, reported an additional $3.6 billion in stock sales, bringing his year-to-date total to close…
As Kenya Battles Drought, Food Prices Rise Significantly.
Food prices such as sukuma wiki (collard greens), matumbo (offal), beef, and tomatoes rose the fastest, hurting Kenyan households whose…
Nigeria: Minister Says Buhari will Leave 22,000 Megawatts of Electricity by 2023.
Abubakar Aliyu, the Minister of Power, estimates that by 2023, the administration of President Muhammadu Buhari would have installed 22,000…
Dangote Cement’s share buyback has been approved by shareholders.
Dangote Cement shareholders unanimously authorized the company’s management to conduct a share buyback of up to 10% of its issued…
Banks’ Operating Expenses are Up 19.2% Due to High Inflation and Regulatory Fees.
Following a high inflation rate and regulatory charges, 14 Nigerian banks reported N2. 03 trillion in total operating expenses in…
Nigeria Won’t be Issuing Eurobonds in 2023.
According to Nigeria’s finance minister Zainab Ahmed, the country has no intentions to issue Eurobonds in 2023 unless market conditions…
Microsoft Targets Internet Expansion in Africa.
According to Microsoft Corp. (MSFT.O) President Brad Smith, the company plans to ensure internet access for 100 million more individuals…
Africa’s Food Crisis is the Worst Yet.
African governments haven’t done much to stop periodic food crises. Leaders vowed in 2003 to devote at least 10% of…