Bboxx-EDF Obtains €11 million to Speed Up Electrification of Togo with Solar Kits.
Bboxx, a manufacturer and distributor of plug-and-play solar systems with a focus on Africa, and its partner EDF, a world…
Year: 2022
US, ABC, and Microsoft Rally Behind Data Protection Bill Passage.
Chief executive officer of American Business Council (ABC) Margaret Olele has said the data protection bill before the National Assembly…
NNPC and Chevron Acquire N610 billion in Funding for 37 Oil Wells.
The Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL), announced that $1. 4 billion in financing has been…
Euro Zone Heading into Mild Recession.
The final composite S&P Global Purchasing Managers’ Index (PMI) for the euro zone, which is regarded as a reliable indicator…
Nigeria FG Plans New Green Bond Issuance For 2023.
The federal government plans to issue new green bond in 2023 as government explores widely diversified, alternative funding sources to…
Oikocredit Invest Debt in Solarise Africa.
Oikocredit has teamed up with the Facility for Energy Inclusion (FEI) and AfricaGoGreen (AGG), two funds run by the Lion’s…
4Di Capital Holds Second Close for New Seed Fund.
South African early-stage venture capital firm 4Di Capital has announced the second closing of its new US$25 million seed fund…
Egypt Hopes to Issue its First Panda Bonds.
According to Deputy Finance Minister Ahmed Kouchock, Egypt plans to issue its first panda bonds by the end of this…
Global Central Bank Push for Rate Increase.
Central banks overseeing six of the 10 most heavily traded currencies delivered 350 basis points (bps) of rate hikes between…
Ghana will Swap its Economic Debt to Regain its Stability.
Ghana will begin trading domestic debt, according to its finance minister Ken Ofori-Atta, who expressed optimism that the action will…
UK Economy to Shrink in 2023 – CBI.
Britain’s economy is on course to shrink 0. 4% in 2023 as inflation remains high and companies put investment on…
NITDA says Nigeria can Earn 40billion from the Tech Sector.
Nigeria currently has a competitive advantage to become the global talent factory in the tech sector with the capacity to…
Nigerias Telecoms Subscribers Hit 214million.
In October, there were 214. 34 million active telecommunications subscribers. Since the country’s subscriber base peaked at 207. 58 million…
World Bank Estimates $20.9 Billion In Remittance Inflow For Nigeria In 2022.
Foreign remittance into Nigeria is estimated to hit $20. 9 billion by the end of 2022, compared to $19. 5…
FG Earned $500 Million From 5G Spectrum Auction – Pantami
Minister of Communications and Digital Economy, Ali Pantami, said the federal government has generated over $500 million from the 5G…
Oil-producing States Borrow N1.3tn Amid N6.4tn Windfall.
The total debts of nine oil-producing states rose from N2.04tn in December 2015 to N3. 35tn as of June 2022,…
Additional N1.55 trillion is Invested in Treasury Bills by Nigerian Banks.
Deposit Money Banks increased their holdings in Nigerian Treasury Bills by N1. 55 trillion between July 2021 and June 2022…
NNPC Signs $1.4 billion Financing Agreement For Hydrocarbon Project.
The Northern Hydrocarbon Funding Limited has a $1. 4 billion external project finance arrangement, according to the Nigerian National Petroleum…
S’African President Faces Impeachment Threat Amid Probe Of ‘$580k Stolen From His Farm’
The South African president, Cyril Ramaphosa, may be removed from office due to allegations of corruption. The focus of the…
Nigeria FG Plans To Tax Cryptos And Other Digital Assets Despite Restricting Transactions.
Finance Minister Zainab Ahmed claims that the 2022 finance bill has a provision to tax cryptocurrencies and other digital assets,…
FIRS Grants TaxPro Max’s Outstanding Interest and Penalty Waivers.
According to the Federal Inland Revenue Service (FIRS), until December 31, 2022, all unpaid interest and penalties imposed on established…
The Central Bank of Nigeria Sells $9.4 billion in Forex.
In the first six months of 2022, the Central Bank of Nigeria sold $9.4 billion worth of forex in the…
Nigeria’s Total Pension Fund Assets Hit N14.5 trillion in October 2022.
At the end of October 2022, Nigeria’s total pension fund assets reached a record high of N14.59 trillion, up 1.14%…
Insecurity: FEC Approves PPP for Satellite Internet Broadband.
The Research and Development of Satellite Internet Broadband Project, which would bring in N28 billion over a 15-year period, has…
Nigeria’ House Of Reps Approve N308 billion Export Grant For 194 Companies
The House of Representatives has authorized the payment of a variety of sums totaling N308. 458 billion to 194 companies…
Federal Government Declares NIN Required for Business Registration.
Nigerians would no longer be able to register businesses without the National Identification Number (NIN), according to the federal government.…
NNPCL flares all of its gas output in September, making no money.
Nigerian National Petroleum Company Ltd, the country’s state oil company, flared 100% of its gas output in September and received…
Kenya – Inflation Decreases for the First Time in Nine Months Despite CBK Rate Increases.
Due to a decline in food and fuel prices as well as rate increases to control the cost of living,…
Derivation Funds: Nigeria FG Allocated N1.98 trillion To States.
As part of the 13% backlog in oil derivation payments to oil-producing states, the Federal Government has paid out a…
AXA Mansard Insurance Company Increases Q3 Premium by 19%
The third quarter that ended on September 30, 2022, saw a 19% increase in Gross Written Premium for AXA Mansard…