Foreign Airlines Trapped Funds Reached $743m – IATA
The International Air Transport Association revealed on Tuesday that the trapped money of international airlines operating in Nigeria had increased…
Day: March 15, 2023
Fuel Prices will Rise Due to a Lack of Supply, Marketers Warn
According to oil marketers, the discrepancy in the price of Premium Motor Spirit, also known as gasoline, at the pump…
Naira Redesign Has Two Issues: Moghalu
Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria, has voiced his displeasure with the string of…
Ghana Removes Fuel Subsidies and Establishes a Special Refinery Fund to Stabilize the Energy Sector.
According to the Ghana National Petroleum Authority (NPA), the nation has put in place regulatory measures, such as removing gasoline…
Kenya Plans to Work with Zambian Farmers on a Special Maize Importation Agreement.
In an effort to reduce the price of the staple, Nairobi will sign contracts with farmers in Zambia next month…
Kenya Nuclear Proposal will Require Billions for Grid Improvements.
When Kenya chooses to move forward with plans to build nuclear power facilities to help meet the nation’s expanding energy…
The CBN Schedules the MPC Meeting.
The Monetary Policy Committee meeting will be place on March 20 and 21, 2023, according to the Central Bank of…
DMO Reopens and Sells Four N360bn FGN Bonds in March
The Debt Management Office (DMO) opened an auction for the purchase of four Federal Government of Nigeria (FGN) Bonds worth…
Cheque Transactions Down to N482.5bn in Two Months Low Naira Supply
The total value of cheque transactions fell to N482.5 billion in the first two months of 2023, a decrease of…
Osinbajo Unveils $600 Million in Financing for the ICT and Creative Industries
A $600 million program for young Nigerians in the technology and creative industries was introduced by Vice President Yemi Osinbajo,…
Forex Crisis: Banks Reduce PTA/BTA to $2000, Review Processing Time to 120 Days
Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) dollar amounts have been reduced by 50% at Nigerian banks, from…
Meta To Cut 10,000 Jobs In A Second Wave Of Layoffs
The parent company of Facebook, Meta Platforms Inc has slashed 10,000 additional workers, becoming the first major internet corporation to…
Virgin Atlantic joins Sky Team Alliance.
Virgin Atlantic has joined SkyTeam Alliance, becoming the group’s first and only airline from the United Kingdom. Delta Air Lines…
Nestle SA Invests N90bn in its Nigerian Arm.
Nestle South Africa, a food and beverage corporation, has purchased N90.29 billion worth of Nestlé Nigeria Plc shares. The transaction…
Dollar shortage: Banks Decrease Travel Allowance, International School Costs
In response to a deepening foreign exchange crisis, Deposit Money Banks have reduced the amount of Personal Travel Allowance and…