IOCs will Icrease their Drilling Activity.
In contrast to reports that International Oil Companies, Shell, Chevron, and other energy companies would finally say goodbye to Nigeria’s…
Year: 2023
JPMorgan: Prior to the South Africa Budget, Investors should Purchase Eskom Bonds.
JPMorgan has urged investors to purchase Eskom bonds in South Africa before the country’s budget, which is anticipated to be…
Kenya Aims to Cut its Borrowing Requirements Both Domestically and Internationally.
According to a draft budget policy statement from the ministry of finance, Kenya will set a net external financing goal…
Aid and Advocacy Organizations in Ghana Demand Debt Cancellation.
In an effort to help Ghana deal with its economic crisis, more than two dozen aid and advocacy organizations demanded…
Ghana’s Producer Inflation Drops in December to 52.2%.
According to statistics service data released, Ghana’s producer price inflation decreased from 78.1% in November to 52.2% in December. According…
26 Power Plants Experience a Capacity Decline.
Out of the 29 power plants in the nation, 26 saw a 26% reduction in capacity, and three were completely…
Nigerian Shipowners and Operators find the NNPC Cargo Policy Frustrating.
Stakeholders in the nation’s maritime industry claim that local shipowners are suffering as a result of Nigerian National Petroleum Corporation…
Nigeria Owes China and Four Others $4.85bn
The Federal Government of Nigeria borrowed about $3.27 billion from five nations between June 30, 2015, and September 30, 2022.…
Financial Crisis: Nigeria FG Reports N14.28 trillion in Revenue Shortfall.
According to information from the Budget Office of the Federation, the Federal Government has experienced a revenue shortfall of N14.…
The CBN Enlightens Traders About the New Naira Notes.
The distribution of the new naira notes to the entire nation will be completed before the deadline of January 31,…
Bearish Trading Closes with N47 billion Loss In the Stock Market.
Due to profit-taking actions by Dangote Cement Plc and 20 other companies, the Nigerian stock market ended down by N47…
Nigerian Finance Minister: No Bond Sale in 2023 Due to Debt Trajectory.
The trajectory of Nigeria’s debt is manageable. The nation planned to significantly lower its key debt service-to-revenue ratio this year…
The IMF’s Executive Board Authorizes a $240 million Payment to Uganda.
According to the International Monetary Fund (IMF), two reviews of a financing agreement with Uganda were approved by the IMF…
UK Inflation Decreases to 10.5% in December, While Food Costs Rise.
Although British inflation decreased last month after reaching a 41-year high in October, the pressure on households remained high as…
Wells Fargo Stock Declines as Analysts Issue Downgrades.
Wells Fargo (NYSE:WFC) stock is declining in pre-market trading as a result of analysts downgrading the banking behemoth after “tough”…
EAIF Funding Enables the Ivorian Hydro Project to Reach Financial Close.
Ivoire Hydro Energy (IHE), which will construct a 44MW hydroelectric power generation plant on the Bandama River close to the…
Biotech is Set to Acquire Instadeep.
InstaDeep Ltd., a top global technology company in the fields of artificial intelligence (“AI”) and machine learning, and BioNTech Inc.…
European Shares Decline as China Data Renews Economic Concerns.
Following China’s announcement of its weakest annual economic growth in nearly 50 years, which increased investors’ concerns about an economic…
15% of Developing Nations have Debt Problems, According to the IMF.
According to the International Monetary Fund, 15% of low-income countries are already experiencing debt distress. According to Nairametrics, the IMF…
Alleged Duty Payment Fraud is Discovered by FCCPC.
According to Babatunde Irukera, the Federal Competition and Consumer Protection Commission’s executive vice chairman and chief executive officer, some importers…
National Assembly Set to Approve Reorganization of N22.7tn Debt.
The Senate is prepared to approve the N23.7 trillion debt restructuring request made by President Major General Muhammadu Buhari (Retd.)…
Chinese Oil Demand is Expected to Increase in 2023, According to OPEC.
In a statement outlining its expectations for the state of the global economy in 2023, OPEC predicted that Chinese oil…
Nigeria: Power Output Declines by 1,713GWh.
According to the most recent industry data, power generation on the national grid fell steadily in the first and second…
ILO Warns that Nigeria’s Unemployment Rate Could Increase.
The International Labor Organization has issued a dire warning that millions of people in Nigeria and other Sub-Saharan nations run…
PenCom Endorses 181 Companies for Government Contracts.
181 companies have received permission from the National Pension Commission to conduct business with the Federal Government. In a report…
Davos2023: A WEF Survey Predicts a Global Recession in 2023.
In a survey conducted by the World Economic Forum (WEF) of chief economists from the private and public sectors, two-thirds…
Ghana Delays The Exchange Deadline for Domestic Debt a Third Time.
The registration deadline for Ghana’s domestic debt exchange has once more been extended, this time to January 31, according to…
Nigeria FG Advised to Increase Funding for Road Infrastructure.
Hon. Unyime Idem, a member of the House of Representatives representing the Ukanafun/Oruk Anam Federal Constituency, has called on the…
Microsoft is Rumoured to be Investing in OpenAI and Increasing ChatGPT Access.
Microsoft Corp (MSFT. O) announced that it is expanding access to wildly popular software from OpenAI, a startup it is…
China’s 2022 Economic Growth One of the Worst on Record.
As a result of severe COVID restrictions and a downturn in the real estate market in the fourth quarter of…