Tinubu Signs Executive Orders on Oil, Gas Reforms
President Bola Tinubu has signed new rules to make Nigeria a prime destination for investments in the oil and gas…
Day: March 7, 2024
African Startups Raised $217 Million in February 2024 -Report
In February 2024, startups across Africa received a remarkable $217 million in investments, marking a significant surge of 182% from…
No Worker Can Survive in Nigeria with Less than N100,000 Monthly – House of Reps
The Nigerian House of Representatives has expressed concern over the inadequate minimum wage for workers in the country, asserting that…
‘AMCON’s New Leadership will Improve Debt recovery’
Raheem Ajayi, a public commentator, believes that the newly appointed Managing Director of the Asset Management Corporation of Nigeria (AMCON),…
CBN Issues Warning to Mortgage Banks and Financial Institutions
The Central Bank of Nigeria (CBN) has issued a stern warning to primary mortgage banks (PMBs), development finance institutions, and…
Africa’s gas production fields declining, AEC warns
NJ Ayuk, the Executive Chairman of the African Energy Chamber, has raised an alarm about the declining state of many…
Firm Launches Gas Initiative for Boat Operators
Blue Gas Marine, a US-based company, has introduced compressed natural gas (CNG) for operating passenger boats and ferries in Nigeria.…
24 States Can’t Pay Salaries without FG Allocation – Budgets
A recent investigation by The PUNCH reveals that at least 24 states in Nigeria may struggle to pay workers’ salaries…
Toilet Paper, Soap Among Nigeria’s Top Import from UK in 2023
Here’s a breakdown of the top 5 imported goods from the United Kingdom to Nigeria in the last six months…
MTN and Airtel Increase Investments Despite Economic Challenges
Despite Nigeria’s economic challenges, two major telecommunication giants, MTN Nigeria Communications Plc and Airtel Africa Plc, bolstered their investments in…
Banks Raise Lending Rates Following CBN’s Record MPR Hike
In response to the Central Bank of Nigeria’s (CBN) significant increase in the Monetary Policy Rate (MPR), Nigerian banks have…
Edun Blames Inflation on ‘Eight Years of Printing Money without Productivity’
Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, has attributed the current inflation in Nigeria to…
SEC Introduces Guidelines for Digital Asset Service Providers
The Securities and Exchange Commission (SEC) has announced the development of new guidelines for licensing, registration, and screening of digital…
Reps Move to Establish National Tax Crimes Commission
The House of Representatives has moved forward a bill for the establishment of a National Tax Crimes and Oversight Commission,…
Former Google Engineer Indicted for Stealing AI Secrets to Aid Chinese Companies
A former Google software engineer, Linwei Ding, also known as Leon Ding, has been indicted in California for allegedly stealing…
South Africa’s Current Account Deficit Widens Sharply in Fourth Quarter
South Africa’s current account deficit significantly expanded in the fourth quarter of 2023, reaching 2.3% of gross domestic product (GDP)…
Egyptian pound stable after devaluation, IMF deal
Egypt’s currency remained stable at around 49.5 pounds to the dollar as the market opened on Thursday, following the central…