Nigeria: Eko Electricity Distribution Company Appoints New Chairman
The Eko Electricity Distribution Company (EKEDC) has announced the appointment of Oritsedere Otubu as its new Chairman, to consolidate on…
Year: 2022
QED Investors Hires Two Investment Professionals To Boost Africa Plans
QED an investment firm based in Alexandra, Virginia in the United States of America announced that it has recruited two…
Nigeria Stock Exchange Investors Gain N840bn In A Week
Investors in the Nigerian stock market saw the worth of their shares rise by N840bn last week as 47 firms…
World Bank And African Development Bank Approved The Sum Of $2.83Bn To Nigeria In 2021
The World Bank and the African Development Bank approved a total sum of $2.83bn to Nigeria in 2021, It has…
CBN Place Telecommunication Sector On Forex Priority List
The deployment of fifth generation technology has got a boost from the Federal Government. Federal government through the Central Bank…
Nigeria: Dangote Record $1.3 Billion Fortune Boost
Aliko Dangote recorded a boost of as much as $1.3 billion in his fortune in the year to January 21,…
File tax returns before Jan 31 or risk sanctions, orders Lagos
The Lagos State Internal Revenue Service has given firms based in the state till January 31, 2022, to file their…
Nigeria’s import bill rose to $8.92bn in nine months – Report
Nigeria’s total import bill for jan-sep 2021 rose to $8.92bn from $4.29bn in the same period of 2020. Dr Biodun…
MTN Awaits SEC Approval To Announce Offer Result, Share Allotments
MTN Nigeria Plc said it is waiting for approval from Securities and Exchange companies SEC to announce the offer result…
Foreign direct investment Into Africa Grew By 147 Percent In 2021
Foreign direct investment (FDI) into Africa showed a strong rebound in growth of 147 percent to an estimated $97 billion…
FG urges private sector to maximise AfCFTA
The Federal Government has called on the Nigerian private sector to maximize the African Continental Free Trade Agreement. The Minister…
IMF set to launch $50bn lifeline for Nigeria, others
The International Monetary Fund is set to launch a $50bn trust fund for low-income and vulnerable middle-income countries. The initiative…
DMO Record N139 Billion Oversubscribed Jan 2022 FGN Bond
Nigeria’s Federal Government bond issuance for the month of January 2021, by the Debt Management Office (DMO) recorded an oversubscription…
Import And Export Operations Requires E-Invoice- CBN
The Central Bank of Nigeria has said that all import and export operations will require the submission of an electronic…
Nigeria:OMLs Awarded To Addax Petroleum Has Been Revoked
The Federal Government has revoked oil mining licences awarded to Chinese firm, Addax Petroleum, for the second time in less…
Cryptocurrency Exchange”Crypto.com” Lost Over $30 Million To Hackers
In a blog post published in the early hours of Thursday morning, cryptocurrency exchange Crypto.com acknowledged that the company had…
U.S. Senate Panel To Debate App Store Reform Bill
A U.S. Senate panel is set on Thursday to debate a bill that aims to rein in app stores of…
Nigerian Tech Startup, Touch And Pay, Joins The W22 Y Combinator Accelerator Programme
Touch and Pay (TAP), a cowry card payment system, has now been listed in the W22 Y Combinator batch, bringing…
Capital Market Rose By N248 Billion
The dominance of the bulls continued unabated for the third consecutive session, yesterday, as almost all the blue chip stocks…
Nigeria: Federal Inland Revenue Service To Prioritize Taxation Of Digital Economy
The Federal Inland Revenue Service (FIRS) said it would give priority to the taxation of the digital economy this year.…
Indonesia Non-Government Islamic Organizations Issue Warning Against Crypto Use
The Tarjih Council and the Central Executive Tajdid of Muhammadiyah, one of the largest non-government Islamic organizations in Indonesia, issued…
FG’s 2022 Budget Has 460 Duplicated Projects Worth N378.9b — BudgIT
BudgIT, a foremost civic-tech organization leading the advocacy for transparency and accountability in Nigeria’s public finance, has called on the…
Foreign Inflows Fall By 32%, UK, South Africa, Others Slash Nigeria Investments
The Central Bank of Nigeria has disclosed that capital importation into the country fell by 32 per cent to $500m…
International Airlines Cancel Flights To US Over 5G
It’s strange that 5G will cause interference, says telcos International airlines are beginning to cancel scheduled flights to most cities…
Nigeria To Partner Egypt On Technical Support For Power Transmission
The Federal Government has announced plans to partner Egypt in the areas of technical support in the transmission and distribution…
WeTransfer Owner WeRock Seeks $714-813 Million Valuation In IPO
The company that owns the WeTransfer file service will be valued at between 629 million and 716 million euros ($714-813…
Amazon Set To Open It’s First Apparel Store
The first Amazon Style store, located in the Los Angeles suburb of Glendale, Calif., will open its doors later this…
10-Year U.S. Treasury Yield Rise Above 1.83 Percent
The sudden spike in the 10-year U.S. Treasury yield eased on Thursday morning, with it rising slightly to hover above…
Dangote Oil Refinery To Reduce Importation Of Petroleum Products By 36 Per cent
The African Petroleum Producers Organisation (APPO) has said that Dangote Oil Refinery would reduce importation of petroleum products production into…
Norway “Telenor” Partners With Amazon To Modernize Its Telecoms Systems
Norway’s Telenor said on Thursday it had partnered with Amazon Web Services (AWS) to speed up the modernisation of its…