Kenya resolves its oil importation row with Uganda – report
Kenya’s Energy Minister, Davis Chirchir, has announced that Kenya will permit Uganda’s state oil firm, UNOC (Uganda National Oil Company),…
Year: 2024
Yen on intervention watch; Asia shares creep higher
The yen remained near its weakest levels in decades on Thursday, but the threat of intervention by Japanese authorities prevented…
Dollar strengthens against euro and pound
On Thursday, the dollar strengthened against the euro and pound after a Federal Reserve policy maker indicated no rush to…
Ghana maintains high interest rate
Ghana’s central bank decided to keep its main interest rate at 29%, highlighting concerns over the country’s inflation outlook. Despite…
EU restrictions on second-hand clothes exports to impact Kenya
France, Denmark, and Sweden have proposed restricting the export of used clothing from the European Union (EU), citing concerns about…
Libya’s oil and gas minister temporarily suspended
The Government of National Unity in Libya has temporarily suspended its oil and gas minister, citing a legal investigation. The…
Revenue grows despite currency fluctuations- SPAR
South African grocery retailer and wholesaler, SPAR, announced an 8.8% rise in turnover for the 24-week period ending March 15.…
China to support Zambia’s debt restructuring efforts
China has pledged to continue collaborating with all stakeholders to facilitate Zambia’s debt restructuring process, according to a spokesperson from…
Nigeria boosts power grid with new equipment
FGN Power Company, responsible for executing the Presidential Power Initiative (PPI) in Nigeria, has received 10 transformers and 10 Mobile…
Nigeria’s crude oil grades near $90 on Russia-Ukraine conflict
Nigeria’s oil futures, including Brass River and Qua Iboe, experienced gains on Wednesday due to escalating conflicts in the Middle…
BDC Gets 10k Dollars From CBN, To Sell At N1,269/$
Leaders of African nations have received a call to action to create a thriving economic environment for talented youth, aiming…
Executive Order: Jos business owners lament Impact On Operations
Business owners in Jos, the capital of Plateau state, are expressing frustration over the prohibition of trucks from business areas…
Customs: cargo clearance drops by N124 To N1,448/$
The Nigeria Customs Service (NCS) has significantly reduced the exchange rate for cargo clearance and import duties collection from N1,572.5/$…
Binance executive fled Nigeria with smuggled passport – NSA
The National Security Adviser, Nuhu Ribadu, has confirmed the escape of Nadeem Anjarwalla, a suspect in the criminal investigation into…
CBN sells $10,000 to each BDCs at N1,251/$1
The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change (BDC) operators, announcing the sale of…
Xiaomi unveils “SU7” electric car
Xiaomi’s CEO recently revealed plans for the company’s first electric vehicle, the SU7, aiming to make it the most stylish,…
USA: TikTok bill faces uncertain fate in the Senate
As the week begins, markets in Europe and globally are experiencing a slow start due to upcoming holidays. Despite the…
Southern Africa faces food crisis due to Drought
The United States Agency for International Development (USAID) has highlighted a dire situation in southern Africa, with over 20 million…
Kenyan villagers build sand dams for water security
In Makueni, Kenya, residents of Kasengela village are taking matters into their own hands to secure water sources by constructing…
NDIC calls on EFCC to return recovered funds
The Nigeria Deposit Insurance Corporation (NDIC) has urged the Economic and Financial Crimes Commission (EFCC) to return recovered funds to…
FG allocates land for diaspora city project in Abuja
The Minister of Housing and Urban Development, Ahmed Dangiwa, has announced that the Federal Government has allocated 675 hectares of…
Access bank launches offline banking platform
Access Bank Plc has introduced an offline banking platform called 901.ng to provide customers with an additional channel for conducting…
BOI launches palliative food programme, support Nigerians
Launched by the Minister for Industry, Trade and Investment, Dr. Doris Uzoka-Anite, the Bank of Industry (BoI) has initiated a…
APWEN urges government action on water challenges
The Association of Professional Women Engineers of Nigeria (APWEN), Lagos Chapter, has called on the government to address water challenges…
Kaduna DisCo warns customers over unpaid bills
The management of Kaduna Electricity Distribution Company has clarified misconceptions surrounding the payment for electricity consumed during Ramadan by residents…
$7bn FX: OPS threatens to sue banks over rejected applications
Some businesses within the Organised Private Sector of Nigeria (OPSN) are contemplating legal action against commercial banks for prolonged delays…
FG plans joint cable protection, disruption lingers in six countries
The Federal Government has urged West African nations to collaborate in protecting shared telecommunications infrastructure following a recent internet outage…
Dangote spends N15bn on food intervention programme
Aliko Dangote, President of the Dangote Group, has allocated approximately N15 billion to a food intervention programme launched in Kano.…
Nigeria tightens regulations on Crypto operators
Nigeria is intensifying its oversight of the cryptocurrency industry by updating regulations for crypto operators, notably involving Binance. The Securities…
House of Rep passes bill for enhanced judicial salaries
The House of Representatives has approved a bill aimed at increasing salaries and allowances for judicial office holders in Nigeria.…