KENYA: Bank Loan Interest Rates Have Risen To Their Highest Level In 52 Months.
In December, bank lending rates increased to their highest level in 52 months as a result of rate rises by…
Year: 2023
Capital Market: SEC, NAIC To Expand Trading In Commodities
In order to strengthen the commodities trading ecosystem, the Securities and Exchange Commission (SEC) has reiterated its willingness to collaborate…
Nigeria And PAPSS Sign Agreement To Accelerate International Trade
The Nigerian Exchange Limited (NGX) and the Pan-African Payment and Settlement System (PAPSS) of the African Export-Import Bank (Afreximbank) have…
ARCON Starts Taking Action Against Businesses That Use Digital Ads
The Advertising Regulatory Council of Nigeria, an arm of the Federal Government, has issued a warning to participants in the…
N42tn In Bank Loans Are Given To The Private Sector.
According to data acquired from the Central Bank of Nigeria, bank credit to the private sector increased from N35.18 trillion…
Nestle, Seplat, Lafarge To Pay Dividends
The final audited reports from more firms listed on the Nigerian Exchange Limited have been made public. Nestle declared a…
Tinubu Declared The Winner Of The Presidential Election By INEC.
After receiving 8,794,726 votes to win the 2023 presidential election, Bola Ahmed Tinubu, a former governor of Lagos State, was…
India’s Adani Will Pay Back Debts Backed By Shares Worth Up To $790 Million By March.
India’s Adani Group aims to prepay or return share-backed loans totaling $690 million to $790 million by the end of…
In Nigeria, W/Bank Deploys 100 Solar Grids
According to the World Bank, the National Electrification Project’s market-driven approach to small grid development has sped up the installation…
Stanbic IBTC Increases Cashless Transactions
A subsidiary of Stanbic IBTC Holdings, Stanbic IBTC Bank, has promised to assist frictionless financial transactions to support the Central…
NCC Reports A Growth In Mobile Subscriptions To 225.88 Million.
In Nigeria, the use of mobile technology is still expanding, with 225.88 million mobile subscribers as of January 2023. There…
Dangote Cement Will Issue A Dividend Of N20 Per Share.
A N20 dividend per share has been declared by Dangote Cement at the conclusion of the 2022 fiscal year. This…
According To CBN, There Is N1.38tn Less Money In Circulation.
Due to the Central Bank of Nigeria’s naira redesign strategy, the total quantity of currency in circulation in the nation…
Nokia Modifies Logo
While the manufacturer of telecom equipment concentrates on ambitious expansion, Nokia revealed plans to alter its brand identity for the…
Nigerian Growth Is Affected By Energy Costs, Pollution, And Other Factors.
Inappropriate price increases for pre-paid meters “Particularly south of the Sahara, Africa’s domestic gas markets are still underdeveloped or non-existent,…
Banks’ Prime Lending Rate Reached 13.67% Despite Macroeconomic Difficulties
Commercial banks’ prime lending rate to the most creditworthy consumers climbed to 13.67% in 2023, a 1.99% Year-on-Year (YoY) rise…
Lagos Issues A N137 Billion Bond On NGX
A N137,328,000,000 class IV bond issued by the Lagos State government has been placed on the Nigerian Stock Exchange. This…
FG Finds New Sites For 681,000 Barrels Per Day Of Oil Production
The Federal Government has discovered new oil resources with a daily production capacity of 1.52 billion standard cubic feet of…
CBN Evaluates Bank MDs, DMDs, And EDs’ Tenure
The Central Bank of Nigeria (CBN) reviewed the terms of the Managing Directors, Deputy Managing Directors (DMDs), and Executive Directors…
OML 18 Is Taken Over By NNPCL As The EFCC Investigates Eroton
After months of inaction brought on by a variety of concerns, including money being diverted, governance violations, and debt to…
Nigeria Elections – Akpatason, Okojie, And Others Win Rep Seats
Hon. Peter Akpatason, the Deputy Majority Leader of the House of Representatives, won the election to the House of Representatives…
23 Suspects Are Detained By Lagos police For Alleged Electoral Crimes.
According to the Lagos State Police Command, 23 people were detained during the presidential and National Assembly elections on Saturday…
Akpabio won in the Senate election in Akwa Ibom North West.
In the wee hours of Monday, the Independent National Electoral Commission announced that Senator Godswill Akpabio of the All Progressives…
Nigeria Elections – Labour Party secures the seat for Eti-Osa Reps while Banky W and Obanikoro Lose
The Eti-Osa Federal Constituency seat in the House of Representatives has been awarded to Mr. Thaddeus Attah of the Labour…
Bill To End Pension System Approved By National Assembly; PFAs Terminated
After operating the Contributory Pension Plan for 18 years, a measure to exempt its employees from the program has been…
Group Calls for Calm And Peaceful Elections
A few hours before the 2023 general election in Nigeria, Brothers Across Nigeria (BAN), an advocacy and justice-focused worldwide organization,…
Cash-flow Crisis: CBN Introduces USSD for E-Naira on Bullnet
The Central Bank of Nigeria has developed a USSD channel for the eNaira, the central bank’s digital currency. it was…
Early Branch Closures By Banks Due To Elections
Deposit Money Banks have made the announcement that they will have a early closure, one day before the nationwide presidential…
Elections Won’t Cause A Network Shutdown, Says NCC
There won’t be a telecommunications outage for the polls, according to the Nigerian Communications Commission. it declared that every network…
Insecurity May Make Poverty And Unemployment Worse.
According to a report by Augusto&Co, a research, credit ratings, and risk management company, insecurity issues in the country that…