Nigeria Labour Congress Raises Alarm Over Cash Scarcity, Threatens Public Protest
With just five days to Christmas, the Nigeria Labour Congress (NLC) has voiced concerns over the prolonged cash…
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Dangote Oil Refinery Receives Two Million Barrels of Crude, Set to Commence…
The Dangote Oil Refining Company, a $19 billion project, is on the brink of commencing petroleum product…
Volcanic Eruption in Iceland: Thousands Evacuated as Lava Flows and Ash Billows
Approximately 4,000 people were evacuated from the fishing town of Grindavik in Iceland following a volcanic…
OpenAI Enhances Safety Measures: Introducing Safety Advisory Group and Updated…
OpenAI, a prominent AI development company, is taking significant steps to strengthen its internal safety…
Nikola’s Founder, Trevor Milton, Sentenced to Prison for Fraud – A…
Trevor Milton, the founder of Nikola Corporation, has been sentenced to prison after being convicted of fraud. The…
Elon Musk Challenges Climate Alarmism: Advocates Pragmatism and Sustainability at…
Elon Musk, CEO of Tesla, addressed a right-wing summit organized by the Brothers of Italy party in Rome,…
Stock Market Edges Up 0.02% on Surge in Buying Interest: Transcorp Hotels and…
The Nigerian Exchange Limited (NGX) witnessed a modest positive start to the week, with the stock market gaining…
Nigeria’s Inflation Hits 28.20% in November, Highest Since 2016
Nigeria's annual inflation has surged to 28.20% in November, up from 27.33% in October, as reported by the…
TotalEnergies to Construct 216MW Solar Plant with Battery Storage in South Africa
TotalEnergies (TTEF.PA) announced on Friday its readiness to commence the construction of a groundbreaking…
Foreign Investors Crucial as Nigeria Grapples with Economic Challenges
Despite its sizable population, Nigeria's contribution to the total revenues of multinational corporations…
Nigeria’s Naira Devaluation Fails to Boost Non-Oil Exports, Highlighting…
Despite the significant devaluation of the Nigerian naira since June, the country's non-oil exports remain…
Pension Fund Mortgage Initiative Gains Traction: N14.83 Billion Approved for 1,371…
A pioneering initiative allowing pension contributors to utilize a portion of their Retirement Savings Account…
CBN Considers Fintech-Specific Corporate Governance Guidelines to Tackle Growing…
The Central Bank of Nigeria (CBN) is reportedly contemplating the implementation of fintech-specific corporate…
CBN Forecasts Decline in Inflation and Exchange Rate Pressures, Positive Economic…
The Central Bank of Nigeria (CBN) has provided a positive economic outlook for 2024, anticipating a significant…
African Countries Lose $90 Billion Annually to Illicit Financial Flows, Says AfDB…
Kevin Chika Urama, Chief Economist and Vice President at the African Development Bank, has raised alarm over the…
Nairobi Securities Exchange Sees Continued Wealth Erosion in Q4 Despite Select…
The Nairobi Securities Exchange (NSE) has experienced a prolonged wealth erosion trend in the fourth quarter of…
World Bank Approves $150 Million Project to Create 45,000 Jobs in Kenya
The World Bank has approved the Kenya Jobs and Economic Transformation Project (KJET), a $150 million initiative…
Nigerian National Council on Privatisation (NCP) Inaugurated by Vice President…
Vice President Kashim Shettima has inaugurated the newly reconstituted National Council on Privatisation (NCP),…
Nigerian Government Raises N5.85 Trillion via Bond Market in 2023
The Nigerian government, through the Debt Management Office (DMO), has raised approximately N5.85 trillion ($14.1…
Central Bank of Nigeria Assures Adequate Currency Stock Amid Naira Scarcity
The Central Bank of Nigeria (CBN) has reassured the public of an adequate currency stock to meet their needs,…
Nigeria Labour Congress Opposes Federal Government’s Plan to Restructure…
The Nigeria Labour Congress (NLC) has expressed opposition to the proposed plans by the Federal Government to…
World Bank Reports 24 Million More Nigerians in Poverty due to Economic Challenges
The World Bank has disclosed that sluggish economic growth and rising inflation in Nigeria have led to an…
Naira Falls by 4.58% at Official Market Despite Increase in Dollar Liquidity
The Nigerian naira depreciated by 4.58% at the official foreign exchange (FX) market, trading at N904.65 per…
Nigeria Inches Closer to 2024 Financial Inclusion Target, but Gaps Persist
Nigeria has made progress in achieving its 2024 financial inclusion target, with 74% of the population considered…
NNPC CEO, Mele Kyari, Affirms Realistic Target of 1.785 Million BPD for…
Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, has…
Kenya Witnesses Surge in Dollar Deposits as Shilling Weakens
The value of dollar deposits in Kenyan commercial banks has surged by Sh528.56 billion in the first 10 months of…
Kenya Records Surge in Foreign Exchange Turnover, Hits N55.77 Trillion in 2023
Kenya has witnessed a significant surge in foreign exchange turnover, with a total of N55.77 trillion traded in…
PenCom Urges Former Employees to Reclaim N12 Billion in Transition Contribution…
The National Pension Commission (PenCom) has called on former employees of defunct companies to reclaim N12…
Bureau of Public Enterprises Plans to Sell 40% Government Shares in Discos on…
The Bureau of Public Enterprises (BPE) has revealed its intention to sell the remaining 40% government shares in…
MTN Nigeria Denies Network Disruption from Tower Lease to American Tower…
MTN Nigeria has refuted claims that the lease of its 2,500 towers to American Tower Corporation (ATC) would cause…