Leading Imports Include Wheat, Sugar, and Petroleum Goods.
Despite the limited access to petroleum products that Nigerians had in the first quarter of 2023 (Q1'23), With a…
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FGN Bonds’ Value Decreased by 93.2% to N183 billion.
In comparison to the same period in 2022, the value of listed Federal Government of Nigeria bonds on the Nigerian…
States start the process of establishing utility commissioners under the…
There are significant signs that the state governments, which are considered to be federating units under the…
Removal of Subsidies: NEITI Investigates Gasoline Usage Data.
Despite the criticism to the action, the Federal Government shouldn't reverse its decision to end subsidies on…
Nigeria’s Exports Increase to N42 trillion as a Result of the Naira’s…
After the Central Bank of Nigeria floated the naira, the value of Nigeria's exports might increase to at least…
UK to Lower Import Taxes on Nigerian Goods.
The UK has stated that it is prepared to lower tariffs on goods coming from Nigeria and other emerging nations.…
Operators Attribute Airfare Increase to Currency Fluctuations and a Shortage of…
The recent increase in airfares was caused by a paucity of foreign currency and aviation fuel, according to the…
Eze, a YC-backed Wholesale Electronics Marketplace, Raises $3.7 million.
Eze, a B2B electronic goods marketplace, raises $3.7 million. Right Side Capital Management headed the investment…
Trella’s Logistics Startup is Supported by Avanz Capital Egypt with $3.5…
To aid in the expansion of the Egyptian logistics sector, private equity firm Avanz Capital Egypt has invested…
PE Fund with a Focus on Zambia Closes its First Close at $40 million.
In a historic financing for a Zambian private equity firm, Monter Capital Partners in Port Louis successfully…
French Company Schneider Transfers Kenya Operations.
French energy company Schneider Electric Kenya will discontinue its manufacturing activities there, indicating…
Report: Upcoming Months are Projected to See an Increase in Ghana’s…
Over the following two months, it is expected that Ghana's inflation rate will increase. This is mostly caused by…
Shane Harris is Appointed Chairman/MD of ExxonMobil Nigeria.
In Nigeria, Esso Exploration and Production Nigeria Limited, Mobil Producing Nigeria Unlimited, have appointed…
Airtel’s Network Launch has Increased Access to 5G.
In Nigeria, access to fifth-generation technology (5G) is expanding significantly, especially since Airtel Nigeria…
UK Lowers Tariffs on Goods from Nigeria and Other Countries.
In order to save businesses and consumers millions of pounds annually, the United Kingdom (UK) stated that it has…
As Billing Revenues Reach N842 billion in a Year, Discos’ Collection…
According to the most recent data made available by the Nigerian electrical Regulatory Commission (NERC), the…
FG Begins Enforcing the Data Privacy Law, Banks, telcos, and others will Face…
Banks, telecommunications corporations, and other organizations might face fines of up to 2% of their annual…
At the Official Market, Naira Drops to 770.38/$.
After ending Monday's trading in the investor & exporter FX market at 770.38/$, the naira fell even further…
Nigerians Protest the 7.5% VAT the FG Imposed on Diesel.
The payment of the 7.5% Value Added Tax on Automotive Gas Oil, also known as diesel, was officially announced by…
Ofori-Atta: The Government will get $6.2 billion from Multilateral Partners.
The government anticipates receiving around $6.2 billion from its multilateral partners between 2023 and 2026,…
Request for a Sh2.8 billion debt write-off led Equity to sue TransCentury.
TransCentury Plc was placed under administration after Equity Bank Kenya turned down a request to cancel more than…
Shareholders Approve an Additional N1.5 Billion Capital Infusion for TrustBanc
According to a statement from TrustBanc Holdings Limited, the extra N1.5 billion capital injection into TrustBanc…
Capital Market: By Q3 2023, ASEA will Launch AELP Phase II.
The second phase of the African Exchanges Linkage Project (AELP), which was successfully launched in phase one, is…
Nigeria, Morocco, and others Agree on a $30 billion Pipeline.
Four Memorandums of Understanding for the $30 billion Nigeria-Morocco Gas Pipeline Project were signed on Friday…
43 Prohibited Products Remain Under our Position – CBN
The Central Bank of Nigeria (CBN) has maintained its position about the 43 prohibited commodities that were…
FG Obtains a $750 million World Bank Credit for Power Development.
On June 9, 2023, the loan with project ID P174622 received approval, becoming the first World Bank loan to do so…
May Oil Production Generates N1.3tn and Reaches 36 million Barrels.
In May 2023, Nigeria's oil production rose by 6.73 million barrels to 36.7 million barrels, generating a total…
CBN eliminates the savings and withdrawal caps on domiciliary accounts
The restrictions on domestic accounts have been abolished by the Central Bank of Nigeria.
The CBN said in a…
Solcon Capital Replaces Convergence Partners Investments as the Brand.
Convergence Partners Investments has changed its name to Solcon Capital as the company intensified efforts to…
More Nigerians will receive 5G service once Airtel rolls out.
Airtel, a telecom company, plans to launch its Fifth-Generation (5G) network services between now and next week,…