The UN Plans to Combat Hunger and Malnutrition in Nigeria.
The United Nations World Food Programme launched a $2.56 billion Country Strategic Plan for Nigeria on Wednesday, aiming at addressing…
Year: 2023
In Q1 2023, Nigeria Recorded N710 billion in VAT.
According to the National Bureau of Statistics (NBS), the total Value Added Tax (VAT) in Q1 2023 was N709.59 billion.…
Shell Intends to Increase Oil and Gas Production.
Shell Petroleum Development Company would enhance its oil and gas output in Nigeria during the upcoming months. Due to the…
Private Industry, Economists Support CBN as the Naira Drops to 664/$.
To allow for a free float of the local currency against the dollar and other major world currencies, the Central…
CBN Floats Naira at Investors’ Forex Window.
To enable the naira’s free float versus the dollar and other major world currencies, the Central Bank of Nigeria is…
Tinubu Expects the Data Protection Law to Create 500,000 Employment.
On Monday, June 12, 2023, President Bola Tinubu officially signed the Data Protection Bill into law, according to the Nigeria…
According to OPEC, Nigeria’s Economy would Rebound in the Following Months.
Although Nigeria’s economy suffered difficulties in the first half of the year, according to the Organization of the Petroleum Exporting…
According to Customs, Concessionaires Invested $300 million in a Modernization Project.
Col. Hammed Ali (ret. ), Controller General of the Nigeria Customs Service, said concessionaires of the Customs modernization project have…
FG and Oando Establish an MOU to Increase Access to Renewable Energy
In order to accelerate the deployment of sustainable renewable energy access throughout the nation, the Federal Government and Oando Clean…
Ghana’s Annual Inflation Rate Increased to 42.2% in May.
Ghana’s consumer inflation increased marginally from April to May, rising from 41.2% to 42.2% year over year, according to the…
Emefiele’s Suspension: An Increase of N1.2 trillion in Market Capitalization.
On Tuesday, the market capitalization of the Nigerian stock market increased significantly by 4% (N1.22 trillion) to N31.6 trillion. When…
Uber and Bolt drivers issue a seven-day strike warning over low pay.
A planned peace conference between e-hailing companies and the drivers who use the various app-based platforms to operate came to…
IMF Advocates 5 Priority Policy Options For Nigeria Regarding Financial Inclusion.
The largest economy in Africa’s largest country has five top-priority policy options for promoting financial inclusion, according to the International…
Nigeria Increases Oil Production by 15.6% to 1.3 mb/d.
The Organization of Petroleum Exporting Countries, or OPEC, announced yesterday that Nigeria’s oil production, excluding condensate, grew by 15.6% to…
FG Approves Two Oil Export Terminal Licenses with a $11 billion Budget.
The Federal Government granted and signed permits for the construction of two crude oil export terminals, which have the potential…
The Index of Nigerian Banking Equities Rises to a 20-year High.
Following the dismissal of central bank governor Godwin Emefiele last week, who supervised restrictive policies, investors flocked to financial companies…
IOC and NNPCL Report Finding Oil in OML 102.
The joint venture between TotalEnergies EP Nigeria and the Nigerian National Petroleum Company Limited has claimed an oil discovery in…
FG Targets N124 billion from New Import Tax.
A 0.5% import tax on commodities that was proposed in Finance Bill 2023 is expected to bring in around N124.26…
Lafarge Africa Names A New CEO.
Lolu Alade-Akinyemi has been named the new CEO of Lafarge Africa, who will lead the organization’s expansion strategies. The company…
FG to disclose ChatGPT practice code, among others.
According to the National Information Technology Development Agency, work on the Nigeria Code of Practice on the usage of ChatGPT…
Shipowners start the application process for the $700 million vessel fund.
It was announced on Monday by the Nigerian Indigenous Shipowners Association of Nigeria that applications for the $700 million Cabotage…
Shareholders urge banks to lower regulatory penalty.
Investors have urged financial institutions to cooperate with authorities in order to lower the fines and other fees that are…
MPs open the public hearing on the conflict and privatization measures
Two measures that are part of the terms of the Sh139 billion soft loan the National Assembly obtained from the…
Operations of Binance in Nigeria are now prohibited, according to the SEC.
The Securities and Exchange Commission (SEC) ruled that Binance’s operations in Nigeria were unlawful. Any Nigerian who trades on Binance…
Sesame exports from Nigeria show slight growth.
Sesame seed exports from Nigeria have been ranging between 140,000 and 180,000 tonnes for a while. According to data from…
BUA: Increasing Cement Production in Nigeria
Obinna Chima talks on the additional $500 million that BUA Cement Plc has secured for the expansion of its manufacturing…
NNPCL directs marketers regarding refunds and new prices
A new circular from the Nigerian National Petroleum Company Limited outlines the prices oil merchants will pay for petroleum goods.…
Venture-backed Expensya purchased in a trade sale.
The Tunisian-born but Paris-based Expensya will be acquired by Medius, a Swedish business cost management company, for an unknown sum.…
Investors supporting Helium Health’s Series B include AXA IM Alts.
Helium Health, an African startup that offers healthcare providers and public health organizations software-as-a-service tools, funding, and insights, has secured…
Transform Health Fund holds its first closure under AfricInvest management.
The pan-African Transform Health Fund (THF), which is run by AfricInvest, has closed its first $50 million round of financing,…