With 71 New Initiatives, Amazon Promotes Green Energy.
In an effort to utilize only renewable energy throughout its whole business by 2025, Amazon.com Inc (AMZN. O) announced that it…
Year: 2022
Top 10 Nigerian Banks By e-business Revenue In 2022.
Revenue from electronic channels, card products, and related services are all included in e-business income. Thus, the revenue is by…
Nigerian Bank Prohibits Use Of Dollar Debit Cards For Naira Transactions.
Due to the growing shortage of foreign currency in Nigeria, First Bank of Nigeria has banned international transactions; using the…
Flutterwave Makes It Possible For Nigerians To Collect eNaira Payments.
The eNaira is a digital currency produce by the Central Bank of Nigeria that offers a distinct kind of money…
Oil Prices Increase As Additional Troops Are Mobilized By Putin.
Following Vladimir Putin’s announcement that there will be a partial military deployment across the nation, oil futures increased by 3%.…
Pencom Disputes Claims regarding employee remuneration.
According to a press release issued by the management and signed the regulatory authority; the highest paid employee makes less…
Ghanaian Cedi Declines By 64% This Year.
The Ghanaian cedi has fallen by a staggering 64.45% against the US dollar. The USD/GHS exchange rate was 9.9495. Despite…
Lagos Is The Fourth-Richest City In Africa.
In 2021, Nigeria was regarded as the largest economy in Africa. However, due to the enormous population of over 200…
The NCC Plans To Generate N500billion From 5G Spectrum Sales By 2023.
The auctioning of two 5G spectrums in 2023 is expected to bring in N500 billion for the federal govt, according…
Nigerian Petrol Suppliers Are Closing Down For Green Energy.
Due to a demand for green energy, the majority of refineries supplying Premium Motor Spirit to Nigeria are ceasing operations.…
According To NNPC, Nigerians Will Not Face Fuel shortages.
According to the chief financial officer of NNPC Ltd. In Abuja, the Corporation has taken steps to maintain the supply…
CBN: RT200 Strategy Will Increase Exports Of Goods.
The CBN’s RT200 FX program intends to generate $200 billion in forex profits from non-oil proceeds over the course of…
In 2022, Kenya Pension Bill Was Reduced By Sh18billion.
In the first two months of the current fiscal year, Kenya’s pension bill decreased by Sh17. 94 billion compared to…
Nigeria’s Oil Output Plummets To 900,000b/d.
According to statistics provided by direct sources, Nigeria’s crude oil production decreased from 1 million barrels per day in July…
A Rate Hike Possibility Causes Cryptos To Squeak As Bitcoin Drops Below $19,000.
By market value, Bitcoin, the most valuable cryptocurrency, dropped almost 5% to a three-month low of $18,387. The second-largest cryptocurrency,…
Tesla Claims That Its China Sales Growth Is Progressing At A Standard Rate.
After a Reuters story said that Tesla (TSLA. O) was considering closing several city center stores in its second-largest market;…
MTN Launches 5G Network.
The fifth-generation, or 5G, technology is already accessible in Nigeria. The technology was commercially introduced in Nigeria by MTN Nigeria…
U.S Forces Would Defend Taiwan In The Event Of A Chinese Invasion – Biden.
The use of force has not been ruled out by Chinese President Xi Jinping in his pledge to conquer Taiwan.…
World Bank Contributes $30bln To Offset Food Shortages Worsened By War In Ukraine.
According to a senior bank official, the World Bank is prepared to contribute up to $30 billion; this is to…
Adobe To Buy Figma For $20bln.
To help it expand its toolkit for creative professionals, Adobe Inc. agreed to purchase software design company Figma Inc. In…
With The ‘Merge’ Software Upgrade, The Ethereum Blockchain Uses Less Energy.
According to its co-founder, the Ethereum blockchain has undergone a significant software upgrade; that significantly lowers its energy consumption. The update,…
Saudi Arabia Surpasses Russia To Become India’s No. 2 Oil Supplier.
The third-largest oil importer and consumer in the world, India, imported 863,950 barrels of petroleum per day (bpd) from Saudi…
Ghana’s Inflation Reached A 21-year High Of 33.9% In August.
In order to help the country get through the harsh economic situation it is currently experiencing as a result of…
FG, EU, AFD Sign €25m To Strengthen Electricity Grid In Northwest.
A grant agreement for €25 million has signed by the Nigerian government and the French Development Agency (AFD) for the…
MTN Nigeria Plans To Issue A N100billion Bond To Pay For Operating Capital.
Under its new N200 billion bond issuance program, MTN Nigeria Plc intends to issue up to N100 billion in series…
Shell Chooses The CEO of Renewables to Promote The Ecofriendly Revolution.
In order to accelerate its transition to a more environmentally friendly future, Shell (SHEL. L) has chosen Wael Sawan to…
Kenyas President Is In Favor of Raising NHIF Contributions From The Wealthy.
Shortly after a comparable plan was rejected by Parliament, President William Ruto has supported the appeal for the wealthy to…
The National Assembly Will Receive Buhari’s N19.76trillion Appropriations Bill In October.
During the inspection of the continuing rehabilitation work on the green chamber and the construction of the National Assembly Service…
Nigeria Bank Deposits Increased by 24% To N42trillion.
From N33.85 trillion at the end of June 2021 to N42. 03 trillion in the same time of 2022, the…
Senate Opens An Investigation Into Niger Delta Oil Theft.
Nigeria suffered significant financial losses as a result of the widespread theft of its crude oil; and it was unable…