CBN’s Efforts Bring Hope for Resolution of Telcos’ USSD Debt Dispute
After a prolonged dispute between Mobile Network Operators (MNOs) and Deposit Money Banks (DMBs) over unpaid debts…
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Africa’s Marine and Coastal Tourism Sector Poised for $100 Billion…
Africa holds a significant economic opportunity within its grasp, owning approximately one-third of the world's…
Transcorp Group: A Driving Force for Nigeria’s Energy Transformation
Transcorp Group, under the leadership of Chairman Tony Elumelu, is emerging as a pivotal force in propelling…
Seplat Energy Clarifies Ownership Amidst Oil Rig Incident Controversy
Seplat Energy, an independent oil producer, has responded to controversies surrounding the ownership of the…
Naira Strengthens Against Dollar Following CBN’s Forex Market Intervention
The Nigerian naira demonstrated strength against the US dollar, closing at 740.67/$ on the Investor & Exporter…
Nigeria Ready to Join Second Phase of AfCFTA’s Guided Trade Initiative
Nigeria's participation in the second phase of the Guided Trade Initiative (GTI) under the African Continental…
Central Bank of Nigeria Launches Price Verification System to Enhance Trade…
The Central Bank of Nigeria (CBN) has officially launched its Price Verification System (PVS) portal, which will…
ECOWAS Prepared to Intervene Militarily in Niger Republic’s Political Crisis
The Economic Community of West African States (ECOWAS) has announced its readiness to intervene militarily in…
Nigerian Stock Exchange Continues Bearish Trend, Market Capitalization Drops by…
The Nigerian Stock Exchange (NSE) has extended its bearish performance from the previous trading session,…
Binance Shuts Down Fiat-to-Crypto Platform Amidst Crypto Market Fluctuations
Binance, a prominent cryptocurrency exchange, has announced the closure of its fiat-to-crypto payments platform,…
US Unemployment Claims Fall Slightly, Indicating a Tight Labor Market
The number of Americans filing new claims for unemployment benefits fell by 11,000 to a seasonally adjusted…
China’s Reluctant Response to Economic Challenges Raises Concerns
China's economy is facing challenges such as a potential property crisis and stagnation, leading to concerns over…
Investors Call for Government Support Amid Decline in Manufacturing Sector…
The local manufacturing industry in Nigeria has been hit hard by the harsh operating environment, leading to a…
Legal Battle Over First Bank Holdings Shares Continues, Court Adjourns Hearing
A Federal High Court in Lagos has adjourned a hearing on various applications related to the controlling shares of…
Suspended Nigerian Central Bank Governor Faces N6.9 Billion Procurement Fraud…
Suspended Central Bank of Nigeria (CBN) Governor Godwin Emefiele is set to be arraigned in court alongside an…
Nigerian Export Promotion Council Targets Over $5 Billion Revenue from Non-Oil…
The Nigerian Export Promotion Council (NEPC) is aiming to generate more than $5 billion in revenue from non-oil…
Manufacturers Association of Nigeria Raises Concerns Over Inflation’s Impact…
The Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has expressed concerns…
Nigerian Liquefied Natural Gas Ltd Shutdown Threatens Gas Production
The continued shutdown of operations by Nigerian Liquefied Natural Gas Ltd (NLNG) is posing a serious risk to the…
Nigeria Secures $3 Billion Emergency Loan to Stabilize Naira Amid Concerns
The Nigerian National Petroleum Company Limited (NNPCL) and Afreximbank have jointly signed a commitment letter…
Naira Rebounds Against Dollar as CBN Announces Intervention
The Nigerian naira has rebounded against the United States dollar in the parallel market, closing at 850/dollar.…
Bank Consolidation Gathers Pace in Tanzania, 15 Banks Vanish in 5 Years
The banking landscape in Tanzania has witnessed significant consolidation over the past five years, resulting in…
Nigeria’s Inflation Hits Highest Level in Almost Two Decades Amid Reforms
Nigeria's annual inflation rate has surged to 24.08% in July, marking its highest level in nearly two decades and…
FMCGs Report Significant Net Foreign Exchange Losses Amid Exchange Rate…
Major consumer goods companies in Nigeria, especially in the fast-moving consumer goods (FMCG) sector, have…
Disability Inclusion Forum Urges President to Review VAT, Address Socioeconomic…
The Accelerate Disability Inclusion in Emergencies Forum (ADIE) has called on President Bola Tinubu to revert the…
Nigeria Air’s Commencement of Operations Delayed Due to Lack of Airline…
The proposed national carrier of Nigeria, Nigeria Air, may face further delays in commencing operations as it…
Nigerian Government Considers Selling Stakes in State-Owned Companies to Raise…
The Nigerian Federal Government is reportedly exploring the possibility of selling stakes in around 20 state-run…
Resilient Trade Relations Between Ghana and the USA Reach All-Time High
Trade relations between Ghana and the United States of America (USA) have demonstrated remarkable resilience, with…
Government Reinstates Fuel Subsidies to Stabilize Pump Prices Amidst Oil Market…
In an unexpected policy reversal, the government of Kenya has reintroduced fuel subsidies in response to surging…
Safaricom Boosts M-Pesa Daily Transaction Limits in Bid to Compete with Banks
Safaricom, a prominent telecommunications company in Kenya, has gained the Central Bank of Kenya's (CBK)…
Oil Marketers Seek Deal to Pass Foreign Exchange Losses to Customers, Fueling…
Oil marketers in Kenya are engaged in discussions with the government to shield themselves from foreign exchange…