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Day: September 1, 2023

DSS Detains Central Bank Deputy Governor Amidst Ongoing Financial Mismanagement Probe
Local

DSS Detains Central Bank Deputy Governor Amidst Ongoing Financial Mismanagement Probe

The Department of State Service (DSS) has reportedly apprehended Mr. Kingsley Obiora, the Central Bank of Nigeria’s (CBN) Deputy Governor…

byakintundeSeptember 1, 2023September 1, 2023
Reducing Nigerian Government Borrowing Requires Addressing Insecurity and Diversifying Revenue Sources
Local

Reducing Nigerian Government Borrowing Requires Addressing Insecurity and Diversifying Revenue Sources

Financial experts suggest that for the Nigerian government to reduce borrowing, it needs to address the issue of insecurity and…

byakintundeSeptember 1, 2023September 1, 2023
African Union Suspends Gabon’s Membership Following Coup
Africa

African Union Suspends Gabon’s Membership Following Coup

The African Union (AU) has suspended Gabon’s membership after military officers ousted President Ali Bongo. This move marks the first…

byakintundeSeptember 1, 2023September 1, 2023
ECOWAS Denies Reports of Transition Proposal in Nigeria
Local

ECOWAS Denies Reports of Transition Proposal in Nigeria

The Economic Community of West African States (ECOWAS) has refuted reports suggesting that its leader, President Tinubu, proposed a transition…

byakintundeSeptember 1, 2023September 1, 2023
Biden Administration Offers $12 Billion to Automakers to Retrofit Plants for EV Production
Market

Biden Administration Offers $12 Billion to Automakers to Retrofit Plants for EV Production

The Biden administration is providing $12 billion in grants and loans to auto manufacturers and suppliers to retrofit their plants…

byakintundeSeptember 1, 2023September 1, 2023
China Takes Measures to Boost Economy Amidst Slowdown
Market

China Takes Measures to Boost Economy Amidst Slowdown

As China grapples with an economic slowdown and a debt crisis in the property sector, authorities have rolled out a…

byakintundeSeptember 1, 2023September 1, 2023
Kenyan Savings and Credit Cooperative Societies (Saccos) Report Increased Lending for Land and Housing
Africa

Kenyan Savings and Credit Cooperative Societies (Saccos) Report Increased Lending for Land and Housing

Data from the annual Sacco Societies Regulatory Authority (SASRA) report for 2022 indicates that land purchases and home ownership plans…

byakintundeSeptember 1, 2023September 1, 2023
Nairobi Securities Exchange (NSE) Reports 72.4% Jump in H1 Net Profit Amid Increased Trading Commissions
Africa

Nairobi Securities Exchange (NSE) Reports 72.4% Jump in H1 Net Profit Amid Increased Trading Commissions

The Nairobi Securities Exchange (NSE) recorded a substantial 72.4% increase in net profit, reaching Ksh 69.38 million in the first…

byakintundeSeptember 1, 2023September 1, 2023
“Growing Skills Gap Poses Major Threat to Nigeria’s Telecom Industry,” Warns Expert
Local

“Growing Skills Gap Poses Major Threat to Nigeria’s Telecom Industry,” Warns Expert

A dire warning has been sounded regarding the growing skills gap in Nigeria’s telecommunications sector, which poses a significant threat…

byakintundeSeptember 1, 2023September 1, 2023
MTN Nigeria’s Financial Maneuvers: Raises N125 Billion via Series 6&7 Commercial Paper Notes for Diversification
Local

MTN Nigeria’s Financial Maneuvers: Raises N125 Billion via Series 6&7 Commercial Paper Notes for Diversification

MTN Nigeria has successfully raised a substantial sum of N125 billion through its Series 6 and 7 commercial paper notes.…

byakintundeSeptember 1, 2023September 1, 2023
Dangote Group Shakes Up Subsidiaries in Mega Merger Move: Shareholders Brace for Dilution
Local

Dangote Group Shakes Up Subsidiaries in Mega Merger Move: Shareholders Brace for Dilution

The Dangote Group has announced a merger of its subsidiaries, including Dangote Sugar, NASCON, and Dangote Rice, through a scheme…

byakintundeSeptember 1, 2023September 1, 2023

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