Employees Joining Contributory Pension Scheme Boost Assets to N16.76 Trillion
The National Pension Commission (PenCom) has reported that the assets of the Contributory Pension Scheme (CPS)…
Yearly Archives
2023
Petroleum Traders May Benefit from Falling Oil Prices and Strengthening Naira
Major petroleum product traders and independent traders could potentially experience relief from rising gasoline…
Nigeria’s Central Bank Introduces Forex Price Verification System
The Central Bank of Nigeria (CBN) has launched a Foreign Exchange Price Verification System aimed at facilitating…
Kenya Commercial Banks Raise Base Lending Rates for Seventh Consecutive Month
Kenyan commercial banks have increased their base lending rates for the seventh consecutive month, reaching 13.31…
Kenya: High Court Suspends Exclusive Macadamia Nut Export Rights Pending Case…
The High Court has issued a suspension on the Kenyan government's decision to grant exclusive export rights for…
BOST Records Profits for Second Consecutive Year, Marks Turnaround
The Bulk Oil Storage and Transportation Limited Company (BOST) has reported a profit after tax of GH¢342 million…
Auditor-General Raises Concerns Over Non-Performing Investments in NSSF
The Auditor-General has flagged non-performing investments totaling Sh630.3 million in the National Social…
NDIC Trains Law Enforcement Operatives to Probe Revoked MfBs and PMBs
The Nigeria Deposit Insurance Corporation (NDIC) has organized a workshop to train law enforcement operatives and…
Coronation Insurance Delays Shareholders’ Meeting for NGX Delisting…
The planned shareholders' meeting of Coronation Insurance Plc, which was ordered by the court and aimed at…
CBN’s Efforts Bring Hope for Resolution of Telcos’ USSD Debt Dispute
After a prolonged dispute between Mobile Network Operators (MNOs) and Deposit Money Banks (DMBs) over unpaid debts…
Africa’s Marine and Coastal Tourism Sector Poised for $100 Billion…
Africa holds a significant economic opportunity within its grasp, owning approximately one-third of the world's…
Transcorp Group: A Driving Force for Nigeria’s Energy Transformation
Transcorp Group, under the leadership of Chairman Tony Elumelu, is emerging as a pivotal force in propelling…
Seplat Energy Clarifies Ownership Amidst Oil Rig Incident Controversy
Seplat Energy, an independent oil producer, has responded to controversies surrounding the ownership of the…
Naira Strengthens Against Dollar Following CBN’s Forex Market Intervention
The Nigerian naira demonstrated strength against the US dollar, closing at 740.67/$ on the Investor & Exporter…
Nigeria Ready to Join Second Phase of AfCFTA’s Guided Trade Initiative
Nigeria's participation in the second phase of the Guided Trade Initiative (GTI) under the African Continental…
Central Bank of Nigeria Launches Price Verification System to Enhance Trade…
The Central Bank of Nigeria (CBN) has officially launched its Price Verification System (PVS) portal, which will…
ECOWAS Prepared to Intervene Militarily in Niger Republic’s Political Crisis
The Economic Community of West African States (ECOWAS) has announced its readiness to intervene militarily in…
Nigerian Stock Exchange Continues Bearish Trend, Market Capitalization Drops by…
The Nigerian Stock Exchange (NSE) has extended its bearish performance from the previous trading session,…
Binance Shuts Down Fiat-to-Crypto Platform Amidst Crypto Market Fluctuations
Binance, a prominent cryptocurrency exchange, has announced the closure of its fiat-to-crypto payments platform,…
US Unemployment Claims Fall Slightly, Indicating a Tight Labor Market
The number of Americans filing new claims for unemployment benefits fell by 11,000 to a seasonally adjusted…
China’s Reluctant Response to Economic Challenges Raises Concerns
China's economy is facing challenges such as a potential property crisis and stagnation, leading to concerns over…
Investors Call for Government Support Amid Decline in Manufacturing Sector…
The local manufacturing industry in Nigeria has been hit hard by the harsh operating environment, leading to a…
Legal Battle Over First Bank Holdings Shares Continues, Court Adjourns Hearing
A Federal High Court in Lagos has adjourned a hearing on various applications related to the controlling shares of…
Suspended Nigerian Central Bank Governor Faces N6.9 Billion Procurement Fraud…
Suspended Central Bank of Nigeria (CBN) Governor Godwin Emefiele is set to be arraigned in court alongside an…
Nigerian Export Promotion Council Targets Over $5 Billion Revenue from Non-Oil…
The Nigerian Export Promotion Council (NEPC) is aiming to generate more than $5 billion in revenue from non-oil…
Manufacturers Association of Nigeria Raises Concerns Over Inflation’s Impact…
The Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has expressed concerns…
Nigerian Liquefied Natural Gas Ltd Shutdown Threatens Gas Production
The continued shutdown of operations by Nigerian Liquefied Natural Gas Ltd (NLNG) is posing a serious risk to the…
Nigeria Secures $3 Billion Emergency Loan to Stabilize Naira Amid Concerns
The Nigerian National Petroleum Company Limited (NNPCL) and Afreximbank have jointly signed a commitment letter…
Naira Rebounds Against Dollar as CBN Announces Intervention
The Nigerian naira has rebounded against the United States dollar in the parallel market, closing at 850/dollar.…
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…