United States and Nigeria Agree To Deploy Gas In Support Of Renewable Energy Sources.
The United States said that it would contribute $200 million to Nigeria; and other nations to speed up their transition…
Year: 2022
Nigeria Collaborates With India To Produce The Covid-19 Vaccine Locally.
In order to achieve vaccine equity in Nigeria, the Federal Government and the Serum Institute of India have announced a…
Values of Bitcoin and Other Cryptocurrencies Sharply Declined.
Due to the loss of about $89 billion in cryptocurrency, the market value of cryptocurrencies has fallen back below $1…
Despite the currency and energy challenges, companies pay N1.25 trillion in taxes.
The Federal Government received N1.25 trillion in tax revenue from Nigerian businesses in the first half of 2022, despite their…
Aviation Workers Issue 14-day Ultimatum.
A coalition of unions representing aviation employees has vowed to go forward with an industrial strike; within the next 14…
Oil Exploration In Nigeria Begins To Decline As Rig Count Falls.
The global upstream sector of the petroleum industry (OPEC) uses the rig count; as a key indicator of exploration and…
7,000km Gas Pipeline Contract To Be Signed By NNPCL With Morocco And West African Nations.
The Nigeria-Morocco Gas Pipeline (NMGP) project created during King Mohammed VI of Morocco’s visit to Nigeria in December 2016. It…
Senate, Minister Diverge On The N12.43trillion Budget Deficit For 2023.
The committee was informed by the finance minister during an interactive session that the planned N19. 76 trillion budget for…
Pension Withdrawals Increase By 17% To N6.6billion.
Due to difficulties caused by job loss, cash withdrawals from pension contributions by laid-offoff employees increased by 17. 5% to…
More Nigerians Move Abroad, And Passport Issuance Climbs By 38%.
Nigerians leaving the nation have reportedly resigned from their positions in numerous local banks; in order to use the UK’s…
Google Is Being Sued For $25.4billion In Damages By Dutch And UK Courts Over Its Adtech Practices.
Following complaints from publishers, antitrust regulators have recently begun to investigate Google’s adtech. A law firm representing publishers will soon…
Dollar Declines, Prior To Important U.S. Inflation Statistics.
Market anticipation that the Federal Reserve will ease up on interest rate, increases when inflation peaks have caused recent dollar gains to…
Stock Market Loses N38bn As 13 Equities Decline.
13 businesses had an increase in share prices, while 13 firms saw share prices fall. At the close of trading…
Despite Ukraine Crisis, Nigeria’s Imports From Russia Increased By 143%.
Nigeria imported N6.27 billion in herrings and N2.77 billion in blue whiting from Russia in Q1 2022, and N13. 39…
Nigeria’s Cinema Records N378m Revenue In August.
According to the Cinema Exhibitors Association of Nigeria, the country’s cinemas sold 378 million tickets in August, bringing in N378…
2,000 Mining Firms’ Taxes Are Being Recovered by the Nigeria FG.
According to PUNCH, the Federal Government collected N600 billion from Nigerian oil and gas corporations. This includes unpaid taxes, royalties,…
According To Polls, Nigeria Is Africa’s Top User Of Bitcoin.
The value of worldwide Bitcoin trade has surpassed $3 trillion. Farida Nabourema, the organizer of the Bitcoin Africa conference, claimed…
UK And US Investments In Nigeria Decline By $242million.
Economic experts claim that the fall is as a result of a variety of factors. This includes insecurity and the…
The Impact Of Europe’s Energy Crisis Will Grow Over Time.
The energy crunch is a long-term issue that will increase public debt in Europe; render the continent less competitive and…
Kenyan Government Dismisses Case Against Nigerian Tech Firms Accused Of Financial Fraud.
Three Nigerian tech firms doing business in Kenya were the targets of allegations of money laundering by Kenya’s Assets Recovery Agency. Along with Flutterwave, three other businesses were listed: Avalon Offshore Logistics Limited, OIT Africa Limited, and Remix Capital Limited. Initially, they had been charged with utilizing their platform as a means of money laundering. The three companies’ millions of dollars were ordered frozen by the agency in April; making it illegal for…
Returns For Kenyan Insurers Are Impacted By The Stock Market Fall.
Due to decreased share prices on the Kenyan stock market, insurance companies saw a decline in investment revenue in the…
NCBA Finances Its Tanzanian Affiliate With Sh2billion.
In order to better serve large enterprises, NCBA Bank Tanzania is closing extra branches in certain areas. The recent announcement…
Market Operations Will Cease On September 19 At The Bank of England.
In accordance with its standard procedure for public holidays, the Bank of England said that it will stop its CHAPS…
China Renounces Interest-Free Loans To Africa Worth 1% Or Less Of Its Credit To The Continent.
In August, the Chinese foreign ministry announced that it had canceled 23 loans to 17 African nations that were due…
$265million In Promised Airline Funds Remain Unpaid By FG.
Out of the N465 million owing to international airlines operating in the nation, the federal government has not yet paid…
The Insurance Industry Experiences A 17.28% Q2 Growth.
Using data from the National Bureau of Statistics’ second quarter 2022 Gross Domestic Product report, it can be shown that…
Domino’s Pizza Has Invested N26billion, In Nigeria.
Domino Pizza, together with its other international brands including Cold Stone Creamery, is the world’s largest value chain for pizza.…
Angola Becomes Africa’s Biggest Crude Producer.
Nigeria’s productivity has been progressively declining since 2020, and this year it struck multi-decade lows. Nigeria loses roughly 400,000 barrels…
We Invested $7.6billion In The Forex Market- CBN.
The CBN said that in January and February, respectively, it invested $1.65 billion and $1. 39 billion in the foreign…
The Difference Between The Official and Black Market Values Of Naira Grows To N271.
It is important to note that on September 6th, when it was trading at N434/$, the official exchange rate fell…