Kaspersky claims Nigeria has the second-highest number of cyberattacks in Africa.
According to a Kaspersky research, Nigeria experiences the second-highest number of cyberattacks in Africa. Only Kenya, which was rated 35th…
Year: 2023
Nigeria’s BUA Receives $500 million to Build New Cement Lines.
The International Finance Corporation (IFC) and other lenders have provided $500 million in finance to Nigeria’s BUA Cement (BUACEMENT.LG) to…
Nigeria’s Labour Congress to Call Off Strike Over Gasoline Subsidies.
A signed resolution of the agreement stated that Nigeria’s largest labor union had decided, following a meeting with the government…
With the acquisition of Africa Matters Limited, J.S. Held expands its strategic advisory for the African market.
The international consulting firm J.S. Held announced the acquisition of Africa Matters Limited, a strategic advising company with an emphasis…
Accra Medical Center and IFC collaborate to increase access to affordable healthcare in Ghana
IFC announced a partnership with Accra Medical Centre Ltd. (AMC) to assist the health service provider expand its operations in…
New Integrated Payment Platform in Africa to Launch by Multichoice, Rapyd, AND General Catalyst.
An integrated payment platform for Africa is being developed through a joint venture announced by MultiChoice Group, Rapyd, and General…
The 89MW Castle Wind Farm’s Financial Close has been Announced by AIIM Consortium.
Through an Eskom wheeling agreement, the AIIM consortium has completed the financial close on the 89 MW Castle Wind Farm…
Pension funds investments in FGN securities rise – Report.
At the conclusion of the first quarter of 2023, the portion of the Pension Fund’s assets held in Federal Government…
Stakeholders Criticize the FG Regarding the $3.2 billion Project to Modernize Customs.
Stakeholders in the nation’s marine sector have criticized the Federal Government over the $3.2 billion Nigeria Customs Service modernization project.…
In Seven Years, Nigerias Debt has Outspaced its Revenue by 13million.
Nigeria’s overall debt in seven years exceeded Federal Government revenue by N13.26 trillion. The conclusions were based on information from…
NBS: Due to Lack of FX, International Trade Falls by 2.6trillion.
The value of international commerce has decreased overall by N2.55 trillion as a result of decreasing exports from Nigeria over…
Restructuring of Ghanas’ Debt: Lowers Bank Earning Due to Increase in Loans.
Although Ghana may now breathe a sigh of relief after the IMF approved its $3 billion loan request, some Nigerian…
NCC: 22.3 million jobs and $13.2 trillion in economic output will be created by 5G technology.
By 2035, the introduction of 5G technological services, according to the Nigerian Communications Commission (NCC), will increase global economic value…
CBN Reports a 27% Decrease in Electricity Export Revenue.
According to The PUNCH, Nigeria’s electricity export fell by $58.1 million in a single year due to grid failure. According…
Price-fixing and petroleum equalization eras are finished, according to NMDPRA.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has declared that the era of price fixing and obtaining foreign…
Market expansion and diversification will lead to growth.
In an effort to increase wealth for investors and residents as well as spur economic progress, the Securities and Exchange…
Nigerian Stocks Exhibit the Region’s Greatest Returns.
The majority of quoted securities in Nigeria outperformed their peers in Sub-Saharan Africa despite the country’s high inflation and negative…
The SEC takes Action to Monitor Capital Market Delisting.
The Securities and Exchange Commission has stated that it is prepared to address and resolve the issues that lead companies…
NNPC will stop using crude swaps and focus on cash payments for imported gasoline.
The Nigerian National Petroleum Company Limited (NNPC) plans to stop using crude oil swaps in favor of cash payments for…
FG and Foreign Airlines are Scheduled to Meet on Trapped Funds.
The International Air Transport Association, a worldwide airline trade group with headquarters in Switzerland, issued a warning on Sunday that…
As Saudi Arabia Reduces Production, OPEC Increases Nigeria’s Oil Supply.
On Sunday, OPEC+ members and non-members agreed to reduce crude oil production levels in order to maintain the stability of…
NLC Refuses to Attend a FG Meeting, and Electrical Workers Support Strike.
The Federal Government convened a meeting on Sunday to discuss the elimination of the fuel subsidy and the ensuing increase in fuel pump prices across the nation. The Nigeria Labour Congress refused to attend. The union emphasized that unless a legitimate team was assembled, it would not engage in any discussion with government representatives. However, representatives from the Trade Union Congress were present during the meeting, which was a follow-up to last week’s impasse-filled negotiations with the NLC at the Presidential Villa in Abuja. As the Bola Tinubu administration removed gasoline subsidies, the power workers promised to join the strike and cause a nationwide blackout in response. Hakeem Ambali, the NLC’s CentralTreasurer, confirmed the decision of the union to boycott the meeting which was a follow-up to…
Outgoing Parliament: Nigeria Spent $25 billion to Repair Refineries.
Nigeria spent more than 11.35 trillion naira ($25 billion) in the last ten years repairing its three inoperable refineries, according…
According to FIRS, Nigeria’s tax-to-GDP ratio is at 10.86%.
The Federal Inland Revenue Service (FIRS) Executive Chairman, Mr. Muhammad Nami, said yesterday that the nation’s tax-to-GDP ratio climbed to…
CLO: Nigeria’s Withdrawal of Gasoline Subsidies will Increase Cash in Sovereign Wealth Funds.
The withdrawal of gasoline subsidies, according to the Nigeria Sovereign Investment Authority’s chief investment officer, will increase the amount of…
Stock Investors Seek Change as Capital Flight Continues.
The effects of fiscal and monetary policies on the Nigerian equities market have raised concerns among stakeholders, despite the fact…
CBN Devalues the Naira to N631 per $1.
The Nigerian Central Bank depreciated the naira from N461.6 to N631 per US dollar. 48 hours after President Bola Ahmed…
FG Approves Nigerdock’s Multi-Billion Dollar Snake Island Port Expansion.
The federal government has given the go-ahead to Nigerdock, a service provider to the offshore oil and gas industry, for…
NNPC Increases Petrol Price to Between N488 and N557 Per Litre With End of Subsidy.
Yesterday, the Nigerian National Petroleum Company (NNPC) Limited increased the price of gasoline at the pump by about 200 percent…
Due to the liquidity shortage, the insurance business has shrunk by 7%, according to NBS.
The National Bureau of Statistics’ most recent data show that the insurance sector’s growth decreased by 7.25 percent in the…