AfricInvest buys stake in Justrite
AfricInvest Fund IV has acquired a small interest in the Nigerian retailer Justrite Superstore, this action would enable Justrite to…
Year: 2023
FG Asks N327bn From Donors For The Census
The Federal Government intends to set up a basket fund to gather donations for the 2023 population and housing census,…
Anchor Debtors: CBN Criticizes IMF’s Low Rating
According to information provided by the Central Bank of Nigeria, farmers have paid back N503 billion, or 52.39 percent, of…
Local Investors Dominate International Competitors As Transactions Totaled N170bn.
Domestic investors outperformed their international counterparts on the Nigerian Exchange Limited, with a total value of transactions of N170.20 billion…
Nigeria’s Flared Gas Slumps By 500m SCF, Still One Of Top 7 Defaulters
Operators in the Nigerian oil and gas industry only marginally decreased the amount of gas that was flared, from 10…
OML 18: NNPCL And Its JV Partner Fire Operator Eroton
Oil Mining Lease 18 now has NNPC Eighteen Operating Limited as its operator in place of Eroton Exploration and Production…
UK Mining Company Engages PwC For Entrance Strategy In East Africa
London-listed PwC Limited Kenya has been appointed by Marula Mining to offer a variety of consulting services, including acquisitions in…
Stock Experts Believe That Central Banks Should Be Replaced.
Investors in the stock market are abandoning the notion that the Federal Reserve and other significant central banks have their…
Naira Shortage Lowering Living Standards For Rural Residents.
According to AGUSTO & Co, the cash shortage brought on by the Central Bank of Nigeria’s currency redesign program would…
According To PenCom, N24bn Was Recouped From Defaulting Employers.
The Nigerian Pension Commission claims that it has recouped N24.15 billion in employee pension deposits that were not submitted by…
Oil Output Might Decrease Due To Pipeline Bursts
At Rumuekpe, a village in the Emuoha Local Government Area of Rivers State, a new explosion was believed to have…
Banks’ NPL Sustains Decrease at 4.2%, Assets Up 24.24% To N73.59trn
The non-performing loans (NPLs) in the country’s banking industry have reportedly declined further below the regulatory threshold of 5% to…
FG Distributes N30bn In Grants To Export Businesses.
The Federal Government has given the go-ahead for 199 exporting enterprises to get promissory notes totalling N308, 458, 160, 546.41.…
Operators Predict An Increase In The Housing Shortfall Of Approximately 60%.
The housing shortage in Nigeria is expected to increase by over 60% by 2050 as a result of urbanization and…
CBN Disburses N114bn Under 100-for-100 Policy
From the start of the intervention, the Central Bank of Nigeria has given beneficiaries under its 100-for-100 Policy on Production…
Flutterwave Denies Losing N2.9 Billion To Hackers
Flutterwave, a unicorn in the African financial industry, has denied losing $2,949,557,867 to hackers. it was previously revealed that hackers…
Truck Driver Attributes A 65% Decrease In Haulage To Hoodlums.
According to Mr. Collins Dike, a trucker, 65% of the county’s maritime sector’s trucks were idle because of extortion demands…
Over The Election Period, Business Activity Decreased To A Three-year Low.
S&P Global’s Purchasing Managers’ Index shows that Nigeria’s PMI decreased from 53.5 the previous month to 44.7 in February. From…
Shell Resumes Its Research Program After A Break
15 academics and research interns have been accepted into a one-year sabbatical and research internship program at Shell Petroleum Development…
Companies Are Profiting From Inflation, Forcing The ECB To Face A Harsh Truth.
The European Central Bank (ECB) responded by hiking interest rates to their highest level in forty years in an effort…
Bill Granting Biden The Authority To Outlaw TikTok Is Approved By A U.S. House Committee.
In what would be the most extensive American restriction on any social media app, the U.S. House Foreign Affairs Committee…
Forex Influxes Into The Nigerian Economy Fall By 40% To $26 Billion.
Inflows of foreign currency into the Nigerian economy decreased year over year by 40%, from $44.01 billion in the first…
Bank Assets Increased To N73 trillion, According To CBN
From N59.24tn at the end of December 2021 to N73.59tn in the same time of 2022, the total assets of…
NEMA And NIMET Prepare For An Upcoming Flood
In an effort to prepare for the impending floods that are expected to pound the nation this year, the management…
CBN Plans To Issue N1.13tn In Treasury Bills In The Second Quarter.
For the second quarter of 2023, the Central Bank of Nigeria intends to generate N1.13 trillion through treasury bills. According…
Marketers To Sanction Fuel Stations And Depots Charging Excessive Prices.
A task force has been organized and deployed by oil marketers under the direction of the Petroleum Retail Outlet Owners…
NRC Promises Increased Security On The Train Line Between Abuja And Kaduna
In response to an alleged conspiracy by Boko Haram to carry out another assault, the Federal Government has pledged to…
How Rising Oil Output May Help FG Achieve Its Income Objective
The Nigerian National Petroleum Company Limited’s Group Chief Executive Officer, Mele Kyari, recently stated that the nation was on its…
UGANDA: Loan Interest Payments Increase Due To Rising Domestic Debt.
The amount of interest paid on Uganda’s public debt increased over the six-month period due to a growth in the…
Government Financing By The Bank Of Ghana Is Not Fatal.
According to Ken Ofori-Atta, the minister of finance, the Bank of Ghana (BoG) lent the government GH37.96 billion in total…