IMF Approves Disbursement of $447.39 million to Kenya
The International Monetary Fund’s (IMF) board has approved the disbursement of $447.39 million to Kenya after a review of its…
Day: December 21, 2022
Amazon’s Market Value Declines by $1 trillion.
Amazon’s market value decreased by $1 trillion this year as a result of a stock market selloff, which was sparked…
Due to Halted Debt Payments, S&P Downgrades Ghana’s Sovereign Rating to “Selective Default.”
A day after Ghana announced it would stop making debt payments, the global rating agency S&P cut the country’s sovereign…
Nigeria Receives 20 Stolen Benin Bronzes from Germany.
According to German Foreign Minister Annalena Baerbock, Germany has returned 20 Benin Bronzes from its museums to Nigeria, making it…
According to the Nigerian FG, Oil Companies will resume Full Production.
Due to widespread pipeline vandalism and criminal oil theft in the Niger Delta region, major crude oil producers in Nigeria…
Nigeria FG Agree on NIPPS Sale to Pay for Budgets.
Final agreement has been reached between the federal government and the 36 governors of the states to sell five power…
Nigeria Misses OPEC Quota As Oil Production Shortfall Hits 6.9m Bpd In 11 Months.
Between January and November 2022, Nigeria’s production of crude oil fell by 6.9 million barrels per day (bpd). This is…
NIBSS: Mobile Transfers in Banks Increased by N2.1 trillion in November.
According to data from the Nigeria Inter-Bank Settlement System (NIBSS), bank customers in Nigeria transferred a total of N2. 1…
Nigeria Retail Trades on NGX Reached N26.62 billion.
According to data from the nation’s local bourse, retail transactions in the Nigerian Exchange rose by 10. 69% to N26.62…
Kenya: The CMA Grants Financial Intermediaries Four Licenses.
The Capital Markets Authority (CMA) has issued four licenses to banks and financial intermediaries as investment advisers, authorised depositories and…
Kenya: Consumers Suffer as Shilling Hits a New historic Low.
Following the shilling’s historic low against the dollar, which created the conditions for higher import costs and inflation, Kenyans are…
Gas Reserves: Nigeria FG Solicits Funding of N4 trillion
According to the Federal Government, N4 trillion will be needed in 10 years to fund the gas expansion plan. The…
Oil Rises as Expectations of Increased Demand from China Counter Recessionary Worries.
Oil prices increased after dropping by more than $2 a barrel in the previous session as hopes for the Chinese…
Nigeria FG Starts 11 Power Projects and Plans to Generate 3,750MW.
Four hydropower projects with a combined capacity to add 110 megawatts of electricity to the national grid were finished, the…
Government Defers Debt Payments while Conducting Consultations.
The government has temporarily stopped paying a number of foreign debts to organizations that have extended loans to the nation.…