Foreign Investors’ Percentage of NSE Trading Falls to 30%
The Nairobi Securities Exchange (NSE) saw a steady decline in foreign investor participation to a record low of 30.1 percent…
Year: 2023
Ghana Defaults on Payment of Domestic Debt.
International credit rating agency Fitch Ratings claims that although Ghana has fallen behind in servicing its domestic debt. As the…
Nigeria’s Domestic Trade Reached N980 billion in Three Months.
Total domestic transactions on the Nigerian Exchange Limited (NGX) for the first quarter (Q1) of 2023 finished at N986.21 billion…
In 12 years, NPA has Remitted more than N500 billion.
The Nation has learned that over the past 12 years, the Nigerian Ports Authority (NPA) has transferred more than N500…
Nigeria Loses Contracts for Gas Export Due to Inadequate Investment.
Nigeria has lost gas export contracts worth billions of dollars due to a lack of investment in the sector. It…
The Terminal Operators Ceases the New Import Vehicle Fee.
The N50,000 per unit surcharge on imported secondhand autos that are hoisted by people has been halted by Ports &…
SEC Requests Investors to Call Attention to Illegal Fund Managers.
The Securities and Exchange Commission (SEC) has invited members of the public to report any fund manager who is operating…
250 Gas Stations are Run by TotalEnergies Using Solar Energy.
According to TotalEnergies, solar energy powers 50% of its more than 500 gas stations spread across the nation. Victor Bandele,…
Nigeria’s Gas Demand is Predicted to Increase by 50%.
The Nigerian Liquefied Natural Gas Limited predicts a 50% rise in gas demand in Nigeria over the next 30 years.…
Operators put 122 billion Naira in Pension Funds into Infrastructure.
As of the end of February 2023, data collected from the National Pension Commission showed that Pension Funds Operators had…
US-based Low-skilled Nigerians Increase Income by 1,500%.
According to data from the World Bank, low-skilled Nigerians who immigrated to the US had a 1,500% rise in their…
Q1 2023: Foreign Investment in the Stock Market Declines to N53.71 billion.
According to a study by the Nigerian Exchange Limited (NGX), foreign investors’ inflow into the stock market of the Nigerian…
Annual Malaria Cases in Nigeria Total 55 million, According to FG.
According to the Federal Government, there are an estimated 90,000 malaria-related fatalities and 55 million malaria cases in Nigeria each…
Ex-CEO of South Africa’s Eskom: Conservative Estimate of $55 million in Monthly Theft.
Andre de Ruyter, the former CEO of South Africa’s state-owned power company Eskom, claimed on that his earlier estimate that…
Group Requests EFCC, ICPC Investigation into Ajaokuta Steel Plant Concession.
According to Olamilekan Adegbite, the Minister of Mines and Steel Development, 11 foreign businesses expressed interest in acquiring the Ajaokuta…
MultiChoice Raises DSTv and GOTv Subscription Rates by 17%.
MultiChoice Nigeria announced an increase of 17% in the cost of its DStv and GOtv packages. The new charges will…
NSIB Praises the FG for the Airport Fire Tenders.
The Federal Government’s efforts to improve aviation safety in the nation by purchasing fire tenders for airports have been praised…
FG and US Company Ink MoU on $15 billion Rail Project.
Atlanta Global Resources Inc. of the United States and the Federal Government, acting through the Ministry of the Niger Delta,…
Banks and Telcos Meet as USSD Debt Reaches N100 billion.
Deposit Money Banks’ total debt to telecom companies for Unstructured Supplementary Service Data has exceeded N100 billion. As a result,…
FG Removes Power Companies from the National Grid.
The Federal Government said that it had started removing some power companies from the national grid because they were not…
World Bank: Diaspora Nigerians Remitted $168 billion in Eight Years.
In the last eight years, the Nigerian Diaspora has sent $168.33 billion to Nigeria, according to data compiled by our…
A Nationwide Blackout is Imminent as Energy Drops Below 4,000 MW.
Customers across the nation had a limited supply of electricity over the weekend as power generation to the national grid…
Ioc: Nigeria Lost N2.3tn Revenue to Oil Theft in a Year.
Due to problems with pipeline vandalism and the ensuing oil theft, Nigeria lost the chance to produce and export roughly…
NNPCL: AKK Pipeline Construction Gulped $1.1bn.
According to Mele Kyari, group chief executive officer of NNPC Ltd., the Nigerian National Petroleum Company Limited has already invested…
40% Pay Rise – Crisis Looms in Nigeria Universities.
There are signs that university unions may protest the federal government for allegedly leaving their members out of the 40…
Sudan War: The Only Viable Exit for Nigerians Is By Road – Government.
The federal government declared Friday night that a road evacuation of Nigerians from the war-torn Sudan was the only practical…
Criterion Africa Partners Completes Investment in Merensky Timber.
Merensky Timber, one of the top integrated timber product companies in Africa and a fully owned subsidiary of Hans Merensky…
AFC Equity Investment to Buy Ghana-focused Aker Energy.
Aker Energy, the owner of the Pecan oilfield off the coast of Ghana, will be purchased through a deal mediated…
Raxio Secures $170m Funding for Data Center Rollout in Africa.
To aid in its expansion throughout the continent, pan-African data center developer Raxio Data Centres has obtained a debt arrangement…
DPI Acquires ex-Louis Dreyfus Company Solevo.
Development Partners International (“DPI”), an investment business with a focus on Africa, has acquired Solevo Group (“Solevo”). It’s a major…