Buhari Says He doesn’t Own a home in the UK.
The president, Major General Muhammadu Buhari (ret. ), claimed that during his meeting with King Charles III, he informed the…
Year: 2022
Uganda Hopes to Enhance its Trading Relations with China.
In an effort to find further avenues for pursuing economic and commercial cooperation on a “win-win basis,” authorities from the…
In October, Inflation Reached 40.4% In Ghana.
Ghana’s year-over-year inflation increased to 40.4% in October from 37.2% in September, according to the Ghana Statistical Service (GSS). This…
Tongeji Island in Ogun will House a 400,000-liter-per-day Refinery.
Gasoline Integrated International announced its willingness to develop a $3 billion refinery in the state’s Tongeji Island, Ipokia Local Government…
Banks Will Use Tellers Following Naira Redesign
The Bank Customers Association of Nigeria (BCAN), which represents commercial bank clients, has requested an extension of the deadline for…
Kenya and South Africa End their Trade Dispute
President William Ruto and his South African counterpart Cyril Ramaphosa announced that the two nations would deal with non-tariff obstacles…
Fuel Supply is Hampered by Illegal Charges and the Currency Crisis, say Marketers.
According to the Depots and Petroleum Products’ Marketers Association of Nigeria, the problems preventing the supply and distribution of Premium…
Nigerian Mobile Transactions Increased to N12.8 trillion in only 9 Months.
Between January and September 2022, Nigerians made mobile transactions totalling N12. 8 trillion, more than twice as much as what…
Elon Musk Sells at least 3.58billion Worth of Tesla Shares.
Elon Musk, CEO of Tesla Inc. (TSLA.O), sold $3. 95 billion worth of shares in the electric vehicle manufacture; according…
Sam-Bankman Fried Informed the Director of OKX that FTX had a $7 billion Liability.
According to a top official at OKX, FTX CEO Sam Bankman-Fried requested a $2 billion to $4 billion capital infusion…
Rise and Fall of Crypto Exchange FTX
Exchanging cryptocurrencies Following the failure of a rescue from bigger rival Binance, FTX was on the verge of bankruptcy. Sam…
Toyota Tsusho Establishes “Health54,” a Startup Investment in the Healthcare Field in Africa.
Toyota Tsusho Corporation (“Toyota Tsusho”) announced that its subsidiary CFAO SAS (“CFAO”) has founded Health54 SAS (“H54”), a corporate venture…
$6 million will be Invested in AfyA Care by CardinalStone Capital Advisors.
AfyA Care’s Series A capital round will include a $6 million investment from CardinalStone Capital Advisers (CCA); a West African…
The Strategic Partnership of RMB Corvest is Extended to a Solar Supplier.
To help Sedgeley Solar Energy Namibia (Sedgeley Energy) better capitalize on rooftop solar photovoltaic (PV) potential, private equity company RMB…
Nigeria’s Oil Production Increases to 1million Barrels Per Day.
For the first time since June of this year, Nigeria’s oil output increased in October to 1. 02 million barrels…
BREAKING: Meta Lay Offs Over 11,000 Employees
In one of the year’s largest layoffs, Meta Platforms Inc. (META.O) announced that it will eliminate more than 11,000 employees,…
FG Exhorts those on Low Incomes to Adopt Cooperative Housing.
The Federal Government has pushed the development of cooperatives to provide housing options for low and medium-income earners as part…
Climate Change: UK Commits £200million to Nigeria and Others.
The African Development Bank’s Climate Action Window will get £200 million in support from the UK, according to James Cleverly,…
As the Cryptocurrency Market Collapses, Binance Intends to Purchase FTX.
To aid with a “liquidity bottleneck” at the rival exchange, cryptocurrency giant Binance reached a non-binding deal on Tuesday to…
Banks, MTN, and Airtel will all Collect VAT on their Goods.
Beginning in January 2023, MTN, Airtel, and all money deposit institutions serve as agents; for the Federal Inland Revenue Service…
NAICOM Develops Strategies for the Insurance Sector’s Expansion.
The National Insurance Commission has reaffirmed its commitment to using a variety of approaches to bring the insurance industry up…
Queues Persist as Petrol Stock Dips by 5.48m litres
According to market statistics issued, the Nigerian National Petroleum Company Limited’s stock of Premium Motor Spirit, often known as gasoline,…
COP27: Nigeria Seeks $400billion for its Energy Transformation Strategy.
The Federal Government is advocating for $400 billion in funds to aid in the implementation of Nigeria’s Energy Transition Plan.…
Food Security is Harmed by Severe Floods in West Africa.
The 50-year-old father of 12 is one of an estimated 4 million individuals in more than a dozen nations in…
Naira is Now One of the World’s Worst-performing Currencies.
The Nigerian naira is technically doing well this year; down just 4% against a strong US dollar and ahead of…
FG Equips 1,859 Nigerians to Expand their Agribusiness.
The National Directorate of Employment (NDE) has taken a strategic step toward ending Nigeria’s unemployment; by training and empowering 1,850…
Reduced Foreign Exchange Transactions to N320 billion in 9months due to Inflation, Dollar Shortages.
Investigations by the Daily Sun show that total international transactions on the platform of the Nigerian Exchange Limited (NGX) fell…
NDLEA Informs public on Introduction of Fentanyl to Nigeria Market.
The National Drug Law Enforcement Agency (NDLEA) has alerted authorities to a drug cartel’s intention to enter the Nigerian market…
Nigeria’s Oil Production Deficit Reaches 184.1 million Barrels.
According to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria was only able to drill 284. 70 million…
Jumia CEOs Resign over Company Losses.
Sacha Poignonnec and Jeremy Hodara, the co-founders and co-CEOs of Jumia Technologies, have both resigned from their positions with immediate…