More Nigerians Move Abroad, And Passport Issuance Climbs By 38%.
Nigerians leaving the nation have reportedly resigned from their positions in numerous local banks; in order to use the UK’s…
Author: akintunde
Google Is Being Sued For $25.4billion In Damages By Dutch And UK Courts Over Its Adtech Practices.
Following complaints from publishers, antitrust regulators have recently begun to investigate Google’s adtech. A law firm representing publishers will soon…
Dollar Declines, Prior To Important U.S. Inflation Statistics.
Market anticipation that the Federal Reserve will ease up on interest rate, increases when inflation peaks have caused recent dollar gains to…
Stock Market Loses N38bn As 13 Equities Decline.
13 businesses had an increase in share prices, while 13 firms saw share prices fall. At the close of trading…
Despite Ukraine Crisis, Nigeria’s Imports From Russia Increased By 143%.
Nigeria imported N6.27 billion in herrings and N2.77 billion in blue whiting from Russia in Q1 2022, and N13. 39…
Nigeria’s Cinema Records N378m Revenue In August.
According to the Cinema Exhibitors Association of Nigeria, the country’s cinemas sold 378 million tickets in August, bringing in N378…
2,000 Mining Firms’ Taxes Are Being Recovered by the Nigeria FG.
According to PUNCH, the Federal Government collected N600 billion from Nigerian oil and gas corporations. This includes unpaid taxes, royalties,…
According To Polls, Nigeria Is Africa’s Top User Of Bitcoin.
The value of worldwide Bitcoin trade has surpassed $3 trillion. Farida Nabourema, the organizer of the Bitcoin Africa conference, claimed…
UK And US Investments In Nigeria Decline By $242million.
Economic experts claim that the fall is as a result of a variety of factors. This includes insecurity and the…
The Impact Of Europe’s Energy Crisis Will Grow Over Time.
The energy crunch is a long-term issue that will increase public debt in Europe; render the continent less competitive and…
Kenyan Government Dismisses Case Against Nigerian Tech Firms Accused Of Financial Fraud.
Three Nigerian tech firms doing business in Kenya were the targets of allegations of money laundering by Kenya’s Assets Recovery Agency. Along with Flutterwave, three other businesses were listed: Avalon Offshore Logistics Limited, OIT Africa Limited, and Remix Capital Limited. Initially, they had been charged with utilizing their platform as a means of money laundering. The three companies’ millions of dollars were ordered frozen by the agency in April; making it illegal for…
Returns For Kenyan Insurers Are Impacted By The Stock Market Fall.
Due to decreased share prices on the Kenyan stock market, insurance companies saw a decline in investment revenue in the…
NCBA Finances Its Tanzanian Affiliate With Sh2billion.
In order to better serve large enterprises, NCBA Bank Tanzania is closing extra branches in certain areas. The recent announcement…
Market Operations Will Cease On September 19 At The Bank of England.
In accordance with its standard procedure for public holidays, the Bank of England said that it will stop its CHAPS…
China Renounces Interest-Free Loans To Africa Worth 1% Or Less Of Its Credit To The Continent.
In August, the Chinese foreign ministry announced that it had canceled 23 loans to 17 African nations that were due…
$265million In Promised Airline Funds Remain Unpaid By FG.
Out of the N465 million owing to international airlines operating in the nation, the federal government has not yet paid…
The Insurance Industry Experiences A 17.28% Q2 Growth.
Using data from the National Bureau of Statistics’ second quarter 2022 Gross Domestic Product report, it can be shown that…
Domino’s Pizza Has Invested N26billion, In Nigeria.
Domino Pizza, together with its other international brands including Cold Stone Creamery, is the world’s largest value chain for pizza.…
Angola Becomes Africa’s Biggest Crude Producer.
Nigeria’s productivity has been progressively declining since 2020, and this year it struck multi-decade lows. Nigeria loses roughly 400,000 barrels…
We Invested $7.6billion In The Forex Market- CBN.
The CBN said that in January and February, respectively, it invested $1.65 billion and $1. 39 billion in the foreign…
The Difference Between The Official and Black Market Values Of Naira Grows To N271.
It is important to note that on September 6th, when it was trading at N434/$, the official exchange rate fell…
In Q2 2022, Nigeria’s Foreign Trade Will Reach N12.8trillion.
Nigeria reported total international trade of N12. 84 trillion in the second quarter of 2022, up 32.2% from the same…
India Charges A 20% Levy On All Exports Of Rice.
India, the world’s largest exporter of the grain, put a 20% levy on exports of different grades of rice in…
Elon Musk $258billion Dogecoin Lawsuit Expands.
The price of Dogecoin purposefully driven up by more than 36,000% over the course of two years; according to an…
Crude Oil Refiners Association Of Nigeria Has Appealed To The CBN.
The Central Bank of Nigeria (CBN) urged to establish a crude refinery intervention fund; in order to promote efficient business…
Nigeria’s Oil Production Falls To A Record Low Of 972,394 Bpd.
In comparison to July 2022 output of 1. 08 million barrels per day, the decrease is more than 10%, and…
Blue-Chip Companies Suffered Losses.
The Nigerian Exchange Limited (NGX) continued to decline as a result of losses suffered by blue-chip companies. The All-share Index…
NASA’s Artemis Moon Rocket’s Initial Launch Will Be Delayed Due To A Fuel Leak.
NASA postponed an effort to launch its enormous, next-generation rocketship for the second time in a week. Blaming a persistent…
British Pound Declined When Compared To US Dollar.
The last time sterling hit $1.141 was during Margaret Thatcher’s administration in 1985, when it fell as much as 1%.…
United Airlines Acquires 200 Air Taxis And Spends $15million In Eve Air.
United Airlines Holdings Inc (UAL.O), a U.S. Airline, announced on that it would invest $15 million in the fledgling air-taxi…