Uganda and IMF Agree to a $240 million Funding Deal.
Uganda and the International Monetary Fund (IMF) have established a staff-level agreement for the delivery of around $240 million in…
Day: December 22, 2022
CBN Says Emefiele will be Unable to Honour Reps Invitation, has Health Challenges.
Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), will not be able to testify before the House…
Nigeria: Lagos Completes Infrastructure Work on the Blue Rail Line, Making History.
Lagos State Governor, Babajide Sanwo-Olu officially boarded the coach of the recently finished Lagos Blue Line and made history by…
Wells Fargo was Ordered to Compensate Customers $3.7 billion for Improper Behavior.
The largest-ever civil fine levied by the U.S. Consumer Financial Protection Bureau was levied against Wells Fargo & Co. (WFC.…
Russian Gold was Taken Out of Several Western Funds.
Russian gold worth billions of dollars have secretly changed hands in high-security bank vaults in London, Zurich, and New York…
Nigeria Generates N625.4 billion in VAT from the Manufacturing Sector in Q3 2022.
In the third quarter of 2022, the Federal Government of Nigeria (FGN) collected N625. 39 billion in value-added tax through…
Ghana’s Third-quarter Growth Dips to 2.9%
According to the statistics office, Ghana’s third quarter economic growth dropped to 2. 9% year over year from 6. 6%,…
Flight Difficulties are Looming as the Shortage of Aviation Fuel Grows.
Domestic airlines operating under the auspices of the Airline Operators of Nigeria have alerted Nigerians to anticipate delays in regularly…
Foreign Portfolio Investments in the Stock Market Reach Over 9-Year Low at 16.67%
Foreign portfolio investments in the Nigerian stock market decreased to 16.67% in the first 11 months of 2022, the lowest…
Nigeria’s Imports of Wheat Decrease as Business with Russia Drastically Declines.
In the first nine months of 2022, Nigeria imported durum wheat worth N753.6 billion, a 16.1% decrease from the N898.2…
Nigeria: Bayelsa Receives N90 billion in Oil Revenue from Surplus Crude Accounts.
The Bayelsa State Government confirmed that as of October 2022, it will receive N90 billion from the Federal Government’s Excess Crude…
Nigeria: FEC Grants N386.75 billion to the Ministries of Power, Works and Transportation.
The Federal Executive Council on Wednesday approved a total of N386.75bn for various projects in the federal ministries of Power,…
Revealed Deadline for Capital Market Participants’ Registration Renewal.
All capital market operators must complete the annual renewal of their registrations by January 31, 2023, according to Securities and…
The Central Bank of Nigeria Raises Withdrawal Thresholds to Combat Cash Flow.
In an effort to reduce the use of cash, Nigeria’s central bank significantly raised the weekly withdrawal caps it had…
NIMASA Attributes Rising Food Costs in Nigeria to Ship Insurance Issues.
The high cost of food in the nation has been attributed by the Nigerian Maritime Administration and Safety Agency to…
Nigeria FG Saved $16 billion from Port Concession, According to the Terminal Operators.
According to Seaports Terminal Operators of Nigeria, which represents terminal operators working in the country’s maritime industry, the port concession…
Buhari Seeks a New N819 billion Loan, as Domestic Debt Rises to N22.5 billion.
As the Federal Government proposed a last-minute supplementary budget for the 2022 fiscal year, Nigeria’s domestic debt increased to N22.57…