Kenyan Unit Trusts Increase Annual Returns to Attract Investments Amid Elevated Rates
Kenyan unit trusts are boosting their annual returns to remain competitive with the heightened rates offered on government treasuries and…
Day: December 20, 2023
Kenyan Regulator Fines Carrefour Franchise $7.2 Million for Market Power Abuse
The Competition Authority of Kenya (CAK) has imposed a record $7.2 million fine on a Carrefour franchise in Kenya for…
Central Bank of Kenya Faces Challenge as it Seeks to Control Government Borrowing Costs
The Central Bank of Kenya (CBK) is encountering a significant test in its efforts to manage the cost of government…
Delta State Government, NNPC, and UTM Offshore Sign Historic Agreement for Nigeria’s First Floating LNG Project
Delta State Government, Nigerian National Petroleum Company Limited (NNPC), and UTM Offshore Ltd have officially signed a Shareholders Agreement for…
Bismarck Rewane Forecasts 3.3% Economic Growth for Nigeria in 2024
Bismarck Rewane, the Chief Executive Officer at Financial Derivatives Company, has made a projection that Nigeria’s economy is set to…
Tony Elumelu-Backed Firms Lead in Stock Returns on NGX in 2023
Among the 30 most capitalized companies on the Nigerian Exchange Limited (NGX), entities associated with billionaire businessman Tony Elumelu have…
Presidential Initiative: N75 Billion MSME Loans Disbursement Set to Begin in January 2024
In a strategic collaboration between the Presidency and the Bank of Industry (BOI), a groundbreaking initiative is set to unfold…
Naira Resilience and Stock Market Surge: Exploring Factors Amidst Federal Government’s Digital FX Plans
Amidst the Federal Government’s plans to digitize foreign exchange (FX) transactions, the Nigerian Naira has exhibited resilience at the parallel…
NCC Mandates Full SIM Blockage: Nigeria’s Telecom Operators Set to Enforce NIN Compliance
The Nigerian Communications Commission (NCC) has issued a directive to telecommunications operators, including MTN, Airtel, Glo, and 9mobile, to implement…
Nigeria Labour Congress Raises Alarm Over Cash Scarcity, Threatens Public Protest
With just five days to Christmas, the Nigeria Labour Congress (NLC) has voiced concerns over the prolonged cash scarcity in…
Dangote Oil Refinery Receives Two Million Barrels of Crude, Set to Commence Production
The Dangote Oil Refining Company, a $19 billion project, is on the brink of commencing petroleum product production with the…