Kenya to Float Second Tranche of Bond to Clear Fuel Subsidy Pending Bill
The Treasury is set to float the second tranche of a bond worth Ksh 28 billion this week to clear…
Day: July 11, 2023
Decline in Value of Safaricom’s Bonga Points Indicates Increased Redemption by Customers
The value of unused Safaricom customer loyalty awards, known as Bonga points, has reached its lowest point in 12 years.…
Bank of Ghana to Sell $120 Million to Bulk Oil Distribution Companies (BDCs) in Q3 2023
The Bank of Ghana has announced plans to sell $120 million to Bulk Oil Distribution Companies (BDCs) in the third…
Kenya Sees Increase in Foreign Direct Investment, but Lags Behind Regional Peers
Kenya experienced a turnaround in foreign direct investment (FDI) in 2022, with FDI inflows rising by 63.93% to $759 million.…
Forex Inflows into Nigerian Trading Channel Rise by Almost a Quarter
The abolition of multiple forex rates by the Central Bank of Nigeria (CBN) has contributed to a 23.8% increase in…
Ecobank Petitions FBN Holdings to Halt Approval of Otudeko’s Share Acquisition
Ecobank Plc has filed a petition to FBN Holdings, urging them to suspend the approval of Oba Otudeko’s bid for…
Nigeria’s Dominance in Africa’s Gas Market: A Promising Future
Nigeria’s gas reserves have positioned the country as a dominant player in Africa’s gas market, accounting for 33 percent of…
Unraveling the Unexpected Decline in Nigeria’s Insurance Industry.
The Nigerian insurance industry recently experienced an unexpected setback, witnessing a negative growth of eight percent in the second quarter…
Nigeria’s Capital Importation Witnesses a 28% Decrease in Q1 2023: NBS Report.
The recent report released by the National Bureau of Statistics (NBS) on capital importation in Nigeria reveals a significant decline…
Petrol Consumption in Nigeria Drops After Subsidy Removal: A Closer Look.
: The Nigerian government recently announced that the volume of Premium Motor Spirit (PMS), commonly known as petrol, consumed in…