Dangote Cement Begins a Recycling Initiative.
Dangote Cement announced the commencement of its “DangCi rcular” circular economy initiative.The new effort seeks to encourage the recycling and…
Year: 2022
As Investment Slows, Tech Employees might Lose their Jobs.
Tech firms around the world are having trouble raising money. According to research, investments in the Nigerian Tech industry decreased…
FG Pledges to Invest $457million in Off-grid Electrification Projects.
The federal government has pledged $392 million and disbursed a total of $64.8 million; for the creation of off-grid electrification…
Nigeria is Driving Infrastructure Investment in Africa to Increase Gas Exports.
In order to increase the export of gas to Europe and other continents, Mallam Mele Kyari, Group Chief Executive Officer…
Oil Theft: Vessel Arrested In Equatorial Guinea Is On Its Way Back To Nigeria, Says Navy
A supertanker detained by Equatorial Guinean authorities for allegedly transporting crude into Nigeria, is the subject of an inquiry, according…
Ghanaian Demonstrators Call for the President to Resign Due to the Economic Crisis.
One of the worst-performing currencies in a region that is feeling the effects of a global economic downturn is Ghana;…
Nigeria FG Prepares Supplemental Budget Due to Depreciation and Rising Inflation.
Due to a further weakening of the naira and soaring inflation, which have rendered the 2023 budget unaffordable, the Federal…
Financial Crimes: Hushpuppi Bags 11years.
Ramon “HUSHPUPPI” Abbas, a well-known Instagram user, was given an 11-year prison term in the US. He was detained in…
In Spite of a Prolonged Recession, the Bank of England Raises Rates by the Highest Since 1989.
On Thursday, the Bank of England increased interest rates to their highest level since 1989; but issued a warning to…
Nigeria’s Power Production Increases in 48 hours and Reaches 4,864MW.
Power generation on the national grid climbed by 834.8 megawatts, reaching a peak of 4,863.7MW.The grid generated 4,028.9MW of off-peak…
Flood: FEC Approves N506billion Contract for East-West Road.
The East-West Road Project Sections 1-4 from Warri to Port Harcourt, Eket, and Oron contract value was N260 billion; with…
Stakeholders want Nigeria to Adopt Ghana’s Port System.
Stakeholders have advocated for Nigeria to adopt Ghana’s Single Window System and Trade-Net, an electronic data exchange network. Additionally, they…
According to Emefiele, the CBN is Creating New Legislation to Address Vulnerabilities to Financial Systems.
According to the Governor of the Central Bank of Nigeria (CBN), threats to the financial service system prompted the development…
OPEC: Half of Africa’s Refining Output will come from Dangote’s 650,000 bpd Facility.
According to the Organization of Petroleum Exporting Countries (OPEC), more than half of Africa’s total extra distillations would be by…
Nigeria Loses 120million Barrels of Petroleum and $12.6billion in Nine Months.
Between January and September of this year, Nigeria lost no less than 120 million barrels of crude oil; due to…
Financial Watchdog Investigates Sportsbet and Bet365 on Grounds of Money Laundering.
On the grounds that Sportsbet and Bet365 may not have complied with anti-money laundering regulations, the Australian Financial Crime Watchdog…
Telcos make N1.92billion from Calls and Data.
Between January and September 2022, MTN and Airtel earned N1.92 trillion on calls and data. This is information from MTN…
Non-Oil Export Proceeds Hit $2.59b
The Federal Government had the best non-oil export performance this year, with a total value of $2. 59 billion, according…
NAICOM Lists Requirements for Dividend Payment to Investors in the Insurance Sector.
The National Insurance Commission (NAICOM) has outlined the criteria under which dividends on insurance shares would pay to shareholders. Shareholders…
Kenya Airways will Pay the Outstanding Employee Salary of Sh6.5billion in June 2023.
In an effort to quell the growing employee dissatisfaction at the airline, national carrier Kenya Airways (KQ) aims to pay…
In View of a Severe Labour Shortage, Canada Announces an Immigration Plan.
Currently, Canada anticipates bringing in 465,000 new permanent residents in 2023, up 4% over the prior goal, and 485,000 in…
Nigeria Telecoms Sector has 500,000 Workers and has Invested $70 billion.
According to Prof. Umar Danbatta, the executive vice chairman of the Nigerian Communications Commission, the telecommunications industry supports 500,000 employment.…
CMA Supports the Return of Investments in Mobile Bonds.
The M-Akiba bond, on the other hand, which was tested in April 2017, only required a minimum investment of Sh3,000,…
After Receiving a Loan for Cocoa, Cedi becomes more Stable.
In the week that concluded on October 28, the cedi returned to some degree of stability on the retail market.…
Segilola Produced 85,000 Ounces of Gold.
The Segilola Gold Mine, which Thor Exploration Limited commissioned in December 2021, has so far produced 85,000 ounces of gold;…
NNPC and Addax Enter an Agreement to Resolve a License Issue.
To resolve the conflict over Oil Mining Leases 123/124 and 126/137, the Nigerian National Petroleum Company Limited and Addax Petroleum…
According to Osinbajo, Nigeria might Create 30million Carbon Credits by 2030.
Yemi Osinbajo, the vice president of Nigeria, claimed that by 2030, his country may generate up to 30million carbon credits…
Banks are Urged by Financial Experts to Finance Infrastructure.
Financial industry experts have urged banks nationwide to assist the government in funding infrastructures; in order to open up prospects…
Dangote Pledges to Boost Economic Growth and Sponsors the 2022 Lagos International Trade Fair.
The sponsorship of the 2022 Lagos International Trade Fair, with the theme “Connecting Businesses, Creating Value,” which will be officially…
Floods: Nigeria FG Receives N109.3billion Fund and Builds Mini-dams.
The African Development Bank ($244 million) and the International Fund for Agricultural Development ($5 million) have given the Federal Government…