Expanding Onshore Oil Exploration in Angola
Sonangol, Angola’s state oil company, is poised to initiate drilling in its first onshore oil well in Luanda, signaling a…
Day: September 4, 2023
Ghana: Leveraging Microfinance for Inclusive Finance
The Executive Secretary of the Ghana Microfinance Institutions Network (GHAMFIN), Yaw Gyamfi, has urged Non-Bank Financial Institutions (NBFIs) to harness…
Standard Chartered Bank Kenya Waives Upfront Fees for Online Money Market Fund
Standard Chartered Bank Kenya has announced the removal of the one percent upfront fee charge on its online money market…
Kenya Strengthens Climate Change Legislation to Regulate Carbon Markets
Kenyan President William Ruto recently signed the Climate Change (Amendment) Bill 2023 into law, marking a significant step towards the…
KCB Group Authorized to Liquidate DAC Aviation International’s Assets Due to $1 Billion Debt
The Commercial and Tax Division Court has granted KCB Group the authority to liquidate the assets of DAC Aviation International…
Kenya’s KRA Loses $1.38 Billion Tax Case Against Bidco Oil Refineries
Kenya Revenue Authority (KRA) has faced defeat in a prolonged tax dispute with Bidco Oil Refineries, amounting to $1.38 billion.…
Nigerian Oil Marketers Secure Funding to Develop 30,000 Gas Stations Amid Fuel Subsidy Removal
Nigerian oil marketers have received approval from both domestic and international financiers to establish approximately 30,000 gas stations across the…
Nigerian National Petroleum Company Instructs Marketers to Load Petroleum Products Amid Pipeline Repairs
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has refuted claims of petroleum product scarcity, stating that the Nigerian National…
Nigeria Identified as the Least Refining OPEC Member, Averaging 10,600 bpd Over Five Years
OPEC has singled out Nigeria, one of Africa’s leading oil producers, as the least refining member within the organization, with…
Nigerian Government Plans to Reduce Tax Waivers Given to Companies
The Nigerian Federal Government is preparing to review and reduce the tax waivers granted to companies operating within the country,…
Nigerian Government Tax Revenue Soars by 96.11% in Q2 2023
In the second quarter of 2023, tax revenue from both companies and consumers in Nigeria witnessed a remarkable surge of…
Nigerian Stock Market Emerges as Second-Best Performer in Africa Over 3 Months
Despite concerns regarding inflation, interest rate hikes, and weak macroeconomic indicators, the confidence of investors in Nigeria’s stock market remained…
Nigeria’s Stocks Surge by N1.08 Trillion
In the trading week concluding on September 1, Nigeria’s stock market experienced significant growth, with an increase of 3 percent…