Kenya Witnesses Surge in Dollar Deposits as Shilling Weakens
The value of dollar deposits in Kenyan commercial banks has surged by Sh528.56 billion in the first 10 months of…
Day: December 13, 2023
Kenya Records Surge in Foreign Exchange Turnover, Hits N55.77 Trillion in 2023
Kenya has witnessed a significant surge in foreign exchange turnover, with a total of N55.77 trillion traded in the first…
PenCom Urges Former Employees to Reclaim N12 Billion in Transition Contribution Funds
The National Pension Commission (PenCom) has called on former employees of defunct companies to reclaim N12 billion in Transition Contribution…
Bureau of Public Enterprises Plans to Sell 40% Government Shares in Discos on Capital Market
The Bureau of Public Enterprises (BPE) has revealed its intention to sell the remaining 40% government shares in electricity distribution…
MTN Nigeria Denies Network Disruption from Tower Lease to American Tower Corporation
MTN Nigeria has refuted claims that the lease of its 2,500 towers to American Tower Corporation (ATC) would cause network…
Nigeria Plans Tax Reforms, Small Businesses to Be Exempt from Withholding Taxes
The Presidential Fiscal Policy and Tax Reforms Committee in Nigeria is set to review national withholding tax laws, aiming to…
Nigeria and World Bank Forge Partnership to Boost Mining Sector Development
The Federal Government of Nigeria, through the Ministry of Solid Minerals Development, is set to collaborate with the World Bank…
Nigeria Set to List Key National Assets in Capital Market for 2024 Budget Funding
The Nigerian government has finalized plans to list prominent national assets, including Eleme Petrochemicals, Nigeria Reinsurance Corporation, NICON Insurance, and…
Nigeria’s National Vehicle Registry Aims to Boost Revenue and Curb Vehicle-Related Crimes
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, highlighted the significance of the National Vehicle Registry…
British International Investment to Inject $15M Equity into Valency International for Agricultural Infrastructure Expansion in Nigeria
The British International Investment (BII), the UK’s development finance institution, is set to invest $15 million in equity into Valency…