Revealed Deadline for Capital Market Participants’ Registration Renewal.
All capital market operators must complete the annual renewal of their registrations by January 31, 2023, according to Securities and…
Year: 2022
The Central Bank of Nigeria Raises Withdrawal Thresholds to Combat Cash Flow.
In an effort to reduce the use of cash, Nigeria’s central bank significantly raised the weekly withdrawal caps it had…
NIMASA Attributes Rising Food Costs in Nigeria to Ship Insurance Issues.
The high cost of food in the nation has been attributed by the Nigerian Maritime Administration and Safety Agency to…
Nigeria FG Saved $16 billion from Port Concession, According to the Terminal Operators.
According to Seaports Terminal Operators of Nigeria, which represents terminal operators working in the country’s maritime industry, the port concession…
Buhari Seeks a New N819 billion Loan, as Domestic Debt Rises to N22.5 billion.
As the Federal Government proposed a last-minute supplementary budget for the 2022 fiscal year, Nigeria’s domestic debt increased to N22.57…
IMF Approves Disbursement of $447.39 million to Kenya
The International Monetary Fund’s (IMF) board has approved the disbursement of $447.39 million to Kenya after a review of its…
Amazon’s Market Value Declines by $1 trillion.
Amazon’s market value decreased by $1 trillion this year as a result of a stock market selloff, which was sparked…
Due to Halted Debt Payments, S&P Downgrades Ghana’s Sovereign Rating to “Selective Default.”
A day after Ghana announced it would stop making debt payments, the global rating agency S&P cut the country’s sovereign…
Nigeria Receives 20 Stolen Benin Bronzes from Germany.
According to German Foreign Minister Annalena Baerbock, Germany has returned 20 Benin Bronzes from its museums to Nigeria, making it…
According to the Nigerian FG, Oil Companies will resume Full Production.
Due to widespread pipeline vandalism and criminal oil theft in the Niger Delta region, major crude oil producers in Nigeria…
Nigeria FG Agree on NIPPS Sale to Pay for Budgets.
Final agreement has been reached between the federal government and the 36 governors of the states to sell five power…
Nigeria Misses OPEC Quota As Oil Production Shortfall Hits 6.9m Bpd In 11 Months.
Between January and November 2022, Nigeria’s production of crude oil fell by 6.9 million barrels per day (bpd). This is…
NIBSS: Mobile Transfers in Banks Increased by N2.1 trillion in November.
According to data from the Nigeria Inter-Bank Settlement System (NIBSS), bank customers in Nigeria transferred a total of N2. 1…
Nigeria Retail Trades on NGX Reached N26.62 billion.
According to data from the nation’s local bourse, retail transactions in the Nigerian Exchange rose by 10. 69% to N26.62…
Kenya: The CMA Grants Financial Intermediaries Four Licenses.
The Capital Markets Authority (CMA) has issued four licenses to banks and financial intermediaries as investment advisers, authorised depositories and…
Kenya: Consumers Suffer as Shilling Hits a New historic Low.
Following the shilling’s historic low against the dollar, which created the conditions for higher import costs and inflation, Kenyans are…
Gas Reserves: Nigeria FG Solicits Funding of N4 trillion
According to the Federal Government, N4 trillion will be needed in 10 years to fund the gas expansion plan. The…
Oil Rises as Expectations of Increased Demand from China Counter Recessionary Worries.
Oil prices increased after dropping by more than $2 a barrel in the previous session as hopes for the Chinese…
Nigeria FG Starts 11 Power Projects and Plans to Generate 3,750MW.
Four hydropower projects with a combined capacity to add 110 megawatts of electricity to the national grid were finished, the…
Government Defers Debt Payments while Conducting Consultations.
The government has temporarily stopped paying a number of foreign debts to organizations that have extended loans to the nation.…
Gold Surpasses $1,800 Due to a BOJ Policy Change.
Gold prices increased 1% to over $1,800 as the dollar fell following the Bank of Japan’s unexpected policy change and…
NBS: In Q3, 2022, Nigeria FG Generated N625 billion in VAT.
In the third quarter of 2022, the federal government collected over N625.39 billion in Value Added Tax (VAT). The National…
African Opposition Prevent the U.N. Global Nature Deal from Passing.
A historic worldwide agreement to safeguard the environment and channel billions of dollars toward conservation was accepted by the United…
The Total Assets of the Insurance Sector Reached N2.3 trillion.
At the end of the third quarter of 2022, the insurance industry in Nigeria had N2. 3 trillion in total…
Ghana Dollar Bonds Fell Following the Government’s Announcement to Halt Debt Payments.
After the government declared, it will stop making payments on Eurobonds, foreign commercial loans, and some bilateral debt, Ghana’s sovereign…
Bitcoin Gains close to $16,800.
In the midst of tense trading activity on the cryptocurrency market, the price of Bitcoin (BTCUSD) increases moderately. BTC’s price…
NGX Technology Board Listing Rules are Approved by the SEC.
The Securities and Exchange Commission (SEC) authorized the Rules for Listing on the NGX Technology Board on December 15, 2022.…
As Interest Rates Rise, Nigerians are Borrowing Less, According to the CBN.
According to Central Bank of Nigeria (CBN) records, the amount of outstanding consumer credit in Nigeria decreased by 6.78% from…
Shareholders of MTN Agree to Cancel 7.5 billion Shares.
The shareholders of MTN Nigeria Plc have authorized the cancellation of 7. 5 billion unissued shares in order to meet…
Nigeria Partners with Global Tech Firms to Promote Digital Economy.
Isa Pantami, Nigeria’s Minister of Communications and Digital Economy, met with American representatives of international technology companies in an effort…