Russian Oil Price Cap Adopted by EU.
According to Politico Europe, which cited diplomatic sources, the EU has tentatively agreed to set a price ceiling on the…
Year: 2022
Naira Depreciates to N740 per $1
On the black market, the naira-to-dollar exchange rate has further depreciated to a record low, trading at a minimum of…
Kenya Court Rejects Petition Regarding VAT on Fuel products.
Sen. Okiya Omtatah of Busia filed a case 2018 opposing the introduction of a tax on petroleum products; but the…
Nigerian Banks Experience Earnings Drop Following Latest Policy Rate Increase – S&P.
The Central Bank of Nigeria (CBN) increased its main monetary policy rate by 150 basis points (bps) on September 27.…
Musk Introduces a Humanoid Robot.
Elon Musk, the founder of Tesla and SpaceX, unveiled a prototype robot dubbed “Optimus”; that will likely be produced in…
North Korea Launches A Missile Over Japan.
Tokyo officials allege that North Korea has launched a ballistic missile over Japan for the first time since 2017. The…
Nigeria FG Sanctions Oil and Gas Companies N127bn for Oil Pollution.
In order to penalize oil and gas companies operating in the nation for gas flaring, the Federal Government levied a…
The Top 5 Cryptocurrencies in October 2022.
September saw a 3.12% monthly decline in the market capitalization of cryptocurrencies, falling from $973. 9 billion at the start…
World Bank Approves $750 Million to Enhance Business-Friendly Environment.
The Nigeria State Action on Business Enabling Reforms (SABER) Program-for-Results will be support by a 750 million International Development Association…
Shell Purchases Daystar Power, in Lagos.
Under the condition of regulatory approvals, Daystar Power has declared that it will be bought by Shell; this is to…
How To Earn From The 15.5% Interest Rate Increase By CBN.
The benchmark interest rate (MPR), according to Nigeria’s Central Bank has risen to a two-decade high of 15.5%. The rate…
UNICEF Employs NFTs To Raise Money for Impoverished Nations.
In order to raise money for its purpose of giving internet connection to schools in underdeveloped areas all over the…
Overall Revenue Losses In The Power Sector Total N420billion.
The umbrella organization for Nigeria’s power generation is APGC. According to the executive secretary of the Association of Power Generation…
Ethiopian Airlines Becomes A key Investor In Nigeria Air.
The Nigerian government announced that Ethiopia Airlines is the preferred bidder for Nigeria Air; as it gets ready for the…
Drone Assassinations Are Legal in Israel.
IDF commanders will be permitted to employ drones “to carry out strikes should armed individuals be recognized as posing an…
ECOWAS Names Dangote Manufacturing Brand of the Year.
In addition to winning eight separate Manufacturing Excellence Awards (EMEA) from the Economic Community of West African States, Dangote Industries…
Nigeria’s Food Problem Is Getting Worse Due To Import Dependence.
According to the International Monetary Fund, an excessive reliance on imported foods has made the food crisis that is currently…
The CBN Lends N9.3trillion To Businesses While Reducing Interference.
The Central Bank of Nigeria has lent N9.3tn to businesses, recovering N3.7tn from it.The apex bank said N5tn was not…
Northeastern Angola Finds 131-Carat Diamond.
Another gem, a 131 carat white Type IIa diamond, has been recovered, according to Lucapa Diamond and Sociedade. This is…
Core Capital goods shipments and orders increased in the United States in August.
According to the data, company spending on equipment likely increased in the third quarter, allaying concerns that the economy was…
Nigerian Bank Stocks With The Lowest Price-Earnings.
According to data gathered by Bloomberg, United Bank for Africa Plc, Access Bank Plc, FBN Holdings Plc; and Unity Bank…
Egypt’s Economy Suffers From A Dollar Shortage As Imports Are Restricted.
Egypt’s economic problems have worsened due to the conflict in Ukraine. Unfortunately for individuals who had planned purchases, like Aiad,…
Emefiele Asserts That There Is No Law Requiring CBN To Give Dollars To Foreign Airlines.
Foreign airlines’ funds stranded in Nigeria, according to the International Air Transportation Association (IATA), climbed from $450 million in May…
Kenya Will Stop Using Diesel and Gasoline Trucks and Adopt Green Transportation.
Kenya Power plans to buy additional electric vehicles, including two-wheelers and three-wheelers; in the near future in an effort to…
Guinness Nigeria Increases Shareholder Returns By Stepping Up Its Expansion Plan.
About 11 years ago, the parent company of Guinness Nigeria, Diageo Plc invested over N52 billion in capacity expansion; making…
Experts Criticize CBN for Raising Interest Rates To Combat Inflation.
Inflation is already out of control, reaching a 17-year high in August of 20. 52 percent, stifling the parallel market…
Nigeria Pledged To Promote Environmentally Friendly Shipping – FG.
The Federal Government of Nigeria has stated that Nigeria is committed to developing greener shipping; in line with the International…
CBN Increases MPR To 15.5% In A Determined Effort To Control Inflation.
The Monetary Policy Rate (MPR), known as the interest rate, was increased by 150 basis points from 14 to 15.…
In Terms of African Pension Asset Growth, Nigeria Came In Fifth.
According to a recent report by the Organization for Economic Co-operation and Development, Nigeria has the fifth greatest pension asset…
The Eurozone’s Economic Growth May Come To A Halt.
According to the deputy president of the European Central Bank (ECB); economic growth in the Eurozone has slowed and may…