3D Printing Expands to New Heights.
Home construction has been elevated by the use of 3D printers. The massive, more than 12-ton printer is producing what is thought to be the first two-story, 3D-printed house. The…
Dollar Maintains Stability Prior to Key December Inflation Data.
A widely anticipated release of U.S. Consumer inflation data caused the U.S. Dollar to stabilize in early European trade, but the Japanese yen rose in anticipation of the Bank of…
The US Air Travel System is in Chaos Due to a Computer Breakdown.
Following the failure of a system that provides safety information to pilots, thousands of flights across the United States were canceled or delayed. The government launched an investigation into the…
Nigeria FG investigates Shells Oil Leak.
The Federal Government dispatched a team of investigators to look into the Trans Niger pipeline leak.Following an unauthorized connection in the Nonwa-Uedume community axis in Tai Local Government Area of…
Marketers Forecast a Six-month Fuel Shortage and Price Increases.
The downstream oil industry in Nigeria has struggled with persistent gasoline shortages. This may take until either June of this year or until the current administration leaves office in May.”…
Kenya Runs the Risk of a Sugar Shortage on the World Market.
Due to high current global prices and a shortage of the commodity globally, Kenya may not be able to secure stocks of sugar at the international market even with the…
Nigeria Federal Government Invests in Four Private Refineries.
According to the federal government, it has strengthened partnerships with refinery owners in the private sector in order to boost domestic refining capacity and increase product accessibility in the nation.…
World Bank: Borrowing Costs Weakens Nigeria Fiscal Position.
According to the World Bank, Nigeria’s fiscal situation is weakened by high borrowing costs, falling energy prices, a slow increase in oil production, and muted activity in the oil sector.…
Ghana: Asante Gold Takes Prompt Action to Safeguard Shareholders’ Interests.
Asante Gold Corporation (ASG) has taken swift action to defend the interests of its shareholders from what it terms a group of “dissident shareholders.” In order to carry out the…
Petroleum Commission Begins 2022 Mini-bid Round.
The 2022 mini-bid round has officially begun, according to the Nigerian Upstream Petroleum Regulatory Commission. Komolafe noted in the statement that the mini-bid round, which offered seven blocks, was a…
Kenya Consents to Removing Import Taxes on Goods from Uganda.
Kenya and Uganda have decided to stop engaging in “unnecessary and expensive competition” and instead concentrate on regional industrial policy. The action is anticipated to ease trade tensions between Ugandan…
Kenya Diaspora Remittances Surpass Sh453 billion, Defying Inflation.
Kenyans who reside abroad defied global inflation and the knock-on effects of Russia’s invasion of Ukraine to send a record-breaking Sh453.6 billion to family and friends in the ten months…
Nigeria FG Allays Fears on Election Cancellation.
The federal government has guaranteed that the scheduled February 25 and March 11 general elections in 2023 will take place as planned. Alhaji Lai Mohammed, Minister of Information and Culture,…
Kenya: Vivo Controls the First Quarter of 2022’s Sales of Fuel.
In the fiscal year that ended in June 2022, Vivo Energy Kenya, a retailer of Shell-branded fuels, was responsible for almost a quarter of all sales of gasoline, diesel, and…
Apple Reports That in 14 Years, iOS App Developers have made $320 billion.
Apple Inc., an American multinational technology company, revealed that over $320 billion in revenue was generated by app developers over the course of the previous 14 years. It stated that…
Nigeria: Bank Deposits Increased by 19% to N43 trillion.
Bank deposits in Nigeria increased by N6.92 trillion from N36.13 trillion at the end of October 2021 to N43.05 trillion in the same period of 2022. This was stated in…
In 2024, the Abeokuta-Lagos Road will be Renovated.
The Abeokuta-Lagos Road will be renovated in 2024, according to Dapo Abiodun, governor of Ogun State. While officially opening the Itori Township Road in the state’s Ewekoro Local Government Area,…
The LCCI Foresees a Recession and Hyperinflation in 2023.
According to the Lagos Chamber of Commerce and Industry, weakening consumer demand, spiraling inflation, high energy prices, and tightening monetary policy will likely cause a recession or a significant slowdown…
Tanzania: Businesses are Cautiously Optimistic About 2023.
The business community is cautiously optimistic about the economic environment in 2023. They think the future is promising, but only if the government keeps up its efforts to create a…
Musk Shatters the Record for the Largest Personal Wealth Loss.
Elon Musk, the Tesla CEO, has a record in the Guinness Book of Records for losing $165 billion of his personal wealth. After losing the money in December 2022, Musk…
Ruto Delays Construction of Kenya Uhuru’s Priciest Road.
The Sh160 billion Mau Summit highway project has been suspended by President William Ruto, sending contractors and investors of Kenya’s most expensive road project into a tailspin. The construction of…
Kenya: The Majority of NSE Companies do not Pay Dividends.
In the most recent financial year cycle, almost half of the Nairobi Securities Exchange (NSE) listed companies did not pay dividends, revealing muted returns for bourse investors. According to market…
Nigeria: Group Tackles FG on $1bn Ogoni Clean-up.
The federal government has been charged by the Movement for the Survival of the Ogoni People with being dishonest in its handling of the $1 billion hydrocarbon cleanup of Ogoniland…
Following a Fed Inflation Nudge, Global Shares Decline.
The first decline in global shares in three days occurred as a result of remarks made by two Federal Reserve officials who injected a note of caution about the outlook…
Export-related Loans Reached N44 billion.
The intervention funds allocated by the Central Bank of Nigeria under its Export Facilitation Initiative increased to N44. 58 billion in October 2022. This was disclosed by the bank in…
Rivers Community Discovers Illegal Crude Oil Pipeline.
Authorities in Rivers State’s Tai Local Government Area claim to have found a pipeline that illegal refineries used to steal crude oil in the state’s Nonwa-Uedume community. Mbakpone Okpe, the…
Nigerian Passport Drops 38 Spots in the World Ranking.
In a ranking of all passports over the past 17 years, the Nigerian passport has dropped 38 positions. From 62nd in 2006 to 100th in 2022, it dropped. Despite the…
Nigerian FG Distributes N173 billion for a Consistent Fuel Price.
According to information obtained from the Federal Ministry of Petroleum Resources, the Federal Government spent about N173. 2 billion between 2019 and 2022 to equalize more than 11.6 billion litres…
Latest Updates on the Worlds Largest Crytocurrency- Bitcoin.
Despite a 5% increase to $871 billion since January 1 and a decline of more than 57% from this time last year, the total market capitalization of all cryptocurrencies remains…
American Banks Prepare for a Recession and Declining Profits.
Despite lenders stockpiling funds for rainy days in anticipation of an economic slowdown that is wreaking havoc on investment banking, U.S. Banking behemoths are expected to report lower fourth quarter…