Over The Election Period, Business Activity Decreased To A Three-year Low.
S&P Global’s Purchasing Managers’ Index shows that Nigeria’s PMI decreased from 53.5 the previous month to 44.7 in February. From…
Month: March 2023
Shell Resumes Its Research Program After A Break
15 academics and research interns have been accepted into a one-year sabbatical and research internship program at Shell Petroleum Development…
Companies Are Profiting From Inflation, Forcing The ECB To Face A Harsh Truth.
The European Central Bank (ECB) responded by hiking interest rates to their highest level in forty years in an effort…
Bill Granting Biden The Authority To Outlaw TikTok Is Approved By A U.S. House Committee.
In what would be the most extensive American restriction on any social media app, the U.S. House Foreign Affairs Committee…
Forex Influxes Into The Nigerian Economy Fall By 40% To $26 Billion.
Inflows of foreign currency into the Nigerian economy decreased year over year by 40%, from $44.01 billion in the first…
Bank Assets Increased To N73 trillion, According To CBN
From N59.24tn at the end of December 2021 to N73.59tn in the same time of 2022, the total assets of…
NEMA And NIMET Prepare For An Upcoming Flood
In an effort to prepare for the impending floods that are expected to pound the nation this year, the management…
CBN Plans To Issue N1.13tn In Treasury Bills In The Second Quarter.
For the second quarter of 2023, the Central Bank of Nigeria intends to generate N1.13 trillion through treasury bills. According…
Marketers To Sanction Fuel Stations And Depots Charging Excessive Prices.
A task force has been organized and deployed by oil marketers under the direction of the Petroleum Retail Outlet Owners…
NRC Promises Increased Security On The Train Line Between Abuja And Kaduna
In response to an alleged conspiracy by Boko Haram to carry out another assault, the Federal Government has pledged to…
How Rising Oil Output May Help FG Achieve Its Income Objective
The Nigerian National Petroleum Company Limited’s Group Chief Executive Officer, Mele Kyari, recently stated that the nation was on its…
UGANDA: Loan Interest Payments Increase Due To Rising Domestic Debt.
The amount of interest paid on Uganda’s public debt increased over the six-month period due to a growth in the…
Government Financing By The Bank Of Ghana Is Not Fatal.
According to Ken Ofori-Atta, the minister of finance, the Bank of Ghana (BoG) lent the government GH37.96 billion in total…
KENYA: Bank Loan Interest Rates Have Risen To Their Highest Level In 52 Months.
In December, bank lending rates increased to their highest level in 52 months as a result of rate rises by…
Capital Market: SEC, NAIC To Expand Trading In Commodities
In order to strengthen the commodities trading ecosystem, the Securities and Exchange Commission (SEC) has reiterated its willingness to collaborate…
Nigeria And PAPSS Sign Agreement To Accelerate International Trade
The Nigerian Exchange Limited (NGX) and the Pan-African Payment and Settlement System (PAPSS) of the African Export-Import Bank (Afreximbank) have…
ARCON Starts Taking Action Against Businesses That Use Digital Ads
The Advertising Regulatory Council of Nigeria, an arm of the Federal Government, has issued a warning to participants in the…
N42tn In Bank Loans Are Given To The Private Sector.
According to data acquired from the Central Bank of Nigeria, bank credit to the private sector increased from N35.18 trillion…
Nestle, Seplat, Lafarge To Pay Dividends
The final audited reports from more firms listed on the Nigerian Exchange Limited have been made public. Nestle declared a…
Tinubu Declared The Winner Of The Presidential Election By INEC.
After receiving 8,794,726 votes to win the 2023 presidential election, Bola Ahmed Tinubu, a former governor of Lagos State, was…