IMF Approves Nearly $1 Billion in Funding for Kenya to Bolster Economic Reforms
Paraphrased Paragraphs: The International Monetary Fund’s executive board has granted Kenya nearly $1 billion in funding to alleviate financial pressures…
Day: July 18, 2023
Project $6.2 Billion Capital Importation in Nigeria for 2023 Amid FX Reforms
Paraphrased Paragraphs: Afrinvest analysts have projected that capital importation in Nigeria for the fiscal year 2023 could reach $6.2 billion,…
Nigeria Customs Service Kwara Command Records N6.2 Billion Revenue in Q2 2023
Paraphrased Paragraphs: The Nigeria Customs Service (NCS) Kwara State Command reported a revenue of N6.2 billion between April and June…
Nigerian Point of Sale Operators Protest Against Increased Service Charges
Point of Sale (PoS) operators in Nigeria are protesting the implementation of increased service charges, which took effect on Monday.…
OPEC Petroleum Export Revenues Soar to a Nearly Decade High Amidst Geopolitical Tensions
Petroleum export revenues from the Organization of the Petroleum Exporting Countries (OPEC) reached their highest level in almost a decade…
Nigeria’s LNG Exports Dip Due to Flooding, Emerges as Seventh Global Exporter
The International Gas Union (IGU) reported that Nigeria’s Liquefied Natural Gas (LNG) export declined by 1.8 million metric tonnes (MT)…
Federal Government and Lagos State Commence Demolition of Shanties and Extortion Points Near Lagos Ports
The Nigerian Ports Authority (NPA), in collaboration with the Lagos State Government, has initiated a joint operation to demolish shanties…
Nigeria’s Non-Oil Exports Experience Slight Dip in H1 2023
The Nigerian non-oil export sector recorded a marginal decrease in export value, amounting to $2.54 billion, representing a 0.09% dip…
Nigeria’s Inflation Hits 17-Year High Amid Ongoing Rise
Nigeria’s headline inflation rate has reached a 17-year high, rising for the sixth consecutive time to 22.79% in June 2023,…
Mobile Money Agents in Nigeria Stand Firm on Implementing New Price Framework
Despite facing criticism and threats of sanctions, the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) remains determined…