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Day: August 15, 2023

Resilient Trade Relations Between Ghana and the USA Reach All-Time High
AfricaBusiness

Resilient Trade Relations Between Ghana and the USA Reach All-Time High

Trade relations between Ghana and the United States of America (USA) have demonstrated remarkable resilience, with bilateral trade in goods…

byakintundeAugust 15, 2023August 15, 2023
Government Reinstates Fuel Subsidies to Stabilize Pump Prices Amidst Oil Market Concerns
AfricaBusiness

Government Reinstates Fuel Subsidies to Stabilize Pump Prices Amidst Oil Market Concerns

In an unexpected policy reversal, the government of Kenya has reintroduced fuel subsidies in response to surging pump prices triggered…

byakintundeAugust 15, 2023August 18, 2023
Safaricom Boosts M-Pesa Daily Transaction Limits in Bid to Compete with Banks
AfricaBusiness

Safaricom Boosts M-Pesa Daily Transaction Limits in Bid to Compete with Banks

Safaricom, a prominent telecommunications company in Kenya, has gained the Central Bank of Kenya’s (CBK) endorsement to significantly raise the…

byakintundeAugust 15, 2023August 18, 2023
Oil Marketers Seek Deal to Pass Foreign Exchange Losses to Customers, Fueling Price Concerns
AfricaBusiness

Oil Marketers Seek Deal to Pass Foreign Exchange Losses to Customers, Fueling Price Concerns

Oil marketers in Kenya are engaged in discussions with the government to shield themselves from foreign exchange losses caused by…

byakintundeAugust 15, 2023August 15, 2023
Soaring Diesel Costs Spark Concerns of Factory Closures and Job Losses in Nigeria
Business

Soaring Diesel Costs Spark Concerns of Factory Closures and Job Losses in Nigeria

The foreign exchange crisis in Nigeria and the recent implementation of a 7.5% Value Added Tax (VAT) on Automotive Gas…

byakintundeAugust 15, 2023August 15, 2023
Nigerian Central Bank Implements Measures to Counter Naira Decline and Speculative Activity
CurrencyLocal

Nigerian Central Bank Implements Measures to Counter Naira Decline and Speculative Activity

Amidst the recent depreciation of the naira in the parallel market, the Central Bank of Nigeria (CBN) has initiated foreign…

byakintundeAugust 15, 2023August 18, 2023
Stakeholders to Address Challenges in Nigeria’s Electronic Payment System
BusinessLocal

Stakeholders to Address Challenges in Nigeria’s Electronic Payment System

Stakeholders in Nigeria’s electronic payment system are gearing up to find solutions to challenges that emerged in the first quarter…

byakintundeAugust 15, 2023August 18, 2023
Resumption of Forcados Crude Oil Exports After Month-Long Halt
BusinessCommoditiesLocal

Resumption of Forcados Crude Oil Exports After Month-Long Halt

Exports of the Forcados grade of crude oil have resumed, according to a statement by a Shell spokesperson. The resumption…

byakintundeAugust 15, 2023August 18, 2023
Nigerian Government Aims for N100 Trillion Asset Under Management (AuM) Growth Over 10 Years
BankingBusinessLocal

Nigerian Government Aims for N100 Trillion Asset Under Management (AuM) Growth Over 10 Years

The Nigerian Federal Government, represented by the Ministry of Finance Incorporated (MOFI), has set a target to achieve N100 trillion…

byakintundeAugust 15, 2023August 18, 2023
Nigeria Requires $20 Billion Annual Investment for Gas Expansion Projects
BusinessEnergyLocal

Nigeria Requires $20 Billion Annual Investment for Gas Expansion Projects

The Nigerian government has stated that approximately $20 billion in annual investments will be necessary to achieve the desired expansion…

byakintundeAugust 15, 2023August 18, 2023

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