Nigeria FG Creates a Trading Platform for Consumers and Power Companies.
The Federal Government has announced that starting in 2023, electricity transactions will be conducted through an automated energy trading platform…
Year: 2022
We will keep Cracking Down on Ponzi Schemes – Nigeria’s SEC.
In an effort to stop the operations of Ponzi schemes, the Securities and Exchange Commission (SEC) has reassured the investing…
435,000 Tesla Vehicles in China will Receive Software Updates Due to a Marker Light Problem.
A regulatory body announced that Tesla Inc (TSLA. O) will release software updates for more than 435,000 vehicles in China…
Two Swiss Fintechs are Funded by J.P. Morgan Private Bank.
According to a statement released, J.P. Morgan Private Bank has invested in two Swiss fintech firms that specialize in software…
Free Trade Zones in Nigeria Draw $46.4 billion in Investment.
The Nigerian economy received over $46.6 billion in investment thanks to free trade zones. Adesoji Adesugba, the managing director of…
UK’s FTSE 100 Increases as Fed Policy Cues are Highlighted.
Amid cautious investor sentiment ahead of the Federal Reserve Chair’s speech in search of hints about the trajectory of the…
UN Reports the First Shipment of Russian Fertilizer Heads to Africa.
According to a previous export agreement negotiated by the UN, the first shipment of fertilizer made in Russia left the…
3 Kenyan Businesses Received Billions from the Defunct US Crypto Firm FTX.
Regulatory filings and court documents reveal that Sam Bankman-$32 Fried’s billion crypto empire, which collapsed, invested through Alameda Research in…
Nigeria FG Reaffirms Commitment to Reaching Net-Zero Gas Emissions.
The government’s commitment to meeting its net-zero emission targets by 2060 has been reaffirmed by Minister of State for Petroleum…
Incorrect Import and Export Prices Cause Uganda to Lose Millions
Global Financial Integrity (GFI) found that $835 billion of the $1. 6 trillion in potential trade mis-invoicing among the 134…
CAC Opens a Register for Beneficial ownership.
The Corporate Affairs Commission has unveiled a platform for the Beneficial Ownership Register in an effort to strengthen the anti-corruption…
Bonds Suffer as Credit Suisse Stocks Hit New Record Lows.
There were no signs that investors’ worries about the future of the Swiss lender were lessening as shares of Credit…
OPEC Oil Output Declines in November Following Declared Cuts.
According to the survey, OPEC produced 29. 01 million barrels per day (bpd) in November, which is 710,000 bpd less…
Nigeria is a Significant Long-term Investment Market.
Dr. Naledi Pandor, minister of international relations and cooperation, has referred to Nigeria as a significant long-term market for South…
Kogi, China to Invest N591 billion, Create 685,000 Jobs.
The Kogi State Government and Chinese investors have signed a Memorandum of Understanding to provide technology security architecture for monitoring…
Health Sector Issues will be Discussed at a Pharmaceutical Summit.
According to the Impact Africa Summit, pharmaceutical R&D and clinical trials will be discussed in Africa. Adebukunola Telufusi, Executive Director…
CBN Comments on the Alleged Plan to Launch the N5000 Note.
The Central Bank of Nigeria (CBN) has stated that it has no plans for a new note, clarifying its position…
Ghana’s Debt Restructuring: Eurobond Holders Face Possible 30% Cut.
As the government pursues a debt exchange program to meet the requirements for a loan from the International Monetary Fund,…
CBN Approves New Rules to Combat Money Laundering.
In order to implement the provisions of the Anti-Money Laundering, Combating the Financing of Terrorism, and Countering Proliferation of Weapons…
Nigeria Hopes to Stop Importing Petroleum Products in 2023.
According to Timipre Sylva, Nigeria’s oil minister, the country expects to stop importing petroleum products before or around the third…
Registrars for Capital Markets Demand Proper Identity Management.
To encourage investment in Nigeria’s capital market, the Institute of Capital Market Registrars has called for proper identity management. This…
RMAFC, EFCC Discover $205 million in Unremitted Funds from Oil Firms.
Through collaboration with the Economic and Financial Crimes Commission, the Revenue Mobilisation Allocation and Fiscal Commission claims to have found…
CBN Reimburses Non-oil Exporters with N81 billion.
According to the Central Bank of Nigeria, non-oil export proceeds returned to Nigeria increased significantly from $3. 1 billion in…
Depots Sell N220/litre, Marketers Project N350/litre Pump Price.
Given the continued scarcity of the product, Premium Motor Spirit, also known as gasoline, could reach N400 per litre at…
Nigerian exporters were paid N81 billion by CBN.
The Center Bank of Nigeria (CBN) reported that it has given tenacious Nigerian exporters incentives totaling N81 billion. At the…
Taxes on Beverages will Reduce Production and Income by 40%, According to Manufacturers.
The Manufacturers Association of Nigeria (MAN), has warned that the Federal Government’s proposed 20% Ad-Valorem Excise Tax on non-alcoholic Beverages…
Ghana’s’ Transport Minister Advises Freight Forwarders to Standardize Transportation to Encourage Better Service.
Ghana’s transport minister, has urged the freight forwarding industry to work on harmonizing and standardizing shipping line fees, negotiating for…
The Outlook for Sterling Bank’s “BBB+” Rating is Favorable.
DataPro, the Technology-Driven Credit Rating Agency, assigned Sterling Bank Plc a long-term rating of “BBB+” with a Positive Outlook for…
As Climate Crisis Converge, Oil Companies look to the South African coasts as Fuel.
According to Liezl Human of GroundUp, the French energy company, TotalEnergies is getting ready to submit its final application for…