Bank Consolidation Gathers Pace in Tanzania, 15 Banks Vanish in 5 Years
The banking landscape in Tanzania has witnessed significant consolidation over the past five years, resulting in the disappearance of 15…
Day: August 16, 2023
Nigeria’s Inflation Hits Highest Level in Almost Two Decades Amid Reforms
Nigeria’s annual inflation rate has surged to 24.08% in July, marking its highest level in nearly two decades and worsening…
FMCGs Report Significant Net Foreign Exchange Losses Amid Exchange Rate Unification
Major consumer goods companies in Nigeria, especially in the fast-moving consumer goods (FMCG) sector, have reported substantial net foreign exchange…
Disability Inclusion Forum Urges President to Review VAT, Address Socioeconomic Hardships
The Accelerate Disability Inclusion in Emergencies Forum (ADIE) has called on President Bola Tinubu to revert the value-added tax (VAT)…
Nigeria Air’s Commencement of Operations Delayed Due to Lack of Airline Operator’s Certificate
The proposed national carrier of Nigeria, Nigeria Air, may face further delays in commencing operations as it lacks an Airline…
Nigerian Government Considers Selling Stakes in State-Owned Companies to Raise Funds
The Nigerian Federal Government is reportedly exploring the possibility of selling stakes in around 20 state-run companies as part of…
Nigerian Oil Marketers Urge Gradual Relaxation of Fuel Subsidy Removal
Oil marketers in Nigeria have advised President Bola Tinubu to consider a gradual relaxation of the removal of subsidy on…