Lower-Income Countries Should Avoid High Interest Rate Financing : World Bank
The World Bank Group has called on lower-income countries to prioritise concessional financing and avoid the high interest rate financing…
Category: Africa
Nigeria Debt Hit N35 Trillion
Nigeria spent N445.4bn on debt servicing payments in the second quarter of this year, the latest data obtained from the…
E-Naira Won’t Launch On Independence Day: CBN
The Central Bank of Nigeria on Thursday announced the postponement of the planned unveiling of the country’s digital currency, e-Naira.…
Nigerians Can Now Access Twitter Without VPN
President Muhammadu Buhari has announced that the suspension on Twitter’s operation in Nigeria has been lifted. The president disclosed this…
NNPC Incorporation Have Been Completed: Corporate Affairs Commission
The Corporate Affairs Commission (CAC) on Wednesday, said that it has completed the incorporation of Nigerian National Petroleum Company (NNPC)…
NGX Market Capitalization Gains N382.06 Billion
At the end of Wednesday trading session, the Nigerian Exchange market closed positive amidst sell-offs and buy-interests as the benchmark…
Shell Nigeria Donates Subsea Training Facilities To University Of Port-Harcourt
Shell Nigeria Exploration Company Limited has announced that it had donated subsea training facilities worth over $700,000, about N287.88m, to…
OPEC Annual Statistical Bulletin Shows Drop In Nigeria Oil Reserve
The 2021 Annual Statistical Bulletin of the Organisation of Petroleum Exporting Countries released on Wednesday showed a drop of 543…
Instagram Announce Pausing Of Instagram Kids
Instagram announced that it is pausing its planned version of the social media platform geared towards children under the age…
Bank for International Settlements Says Digital Currencies Will Reduce The Cost Of Cross-Border Payment
The Bank for International Settlements has said digital currencies will reduce the cost of cross-border payments. BIS said this in…
Pan-African Payment and Settlement System Set To Boost Intra-African Trade
African Export-Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA) Secretariat have announced the commencement of the Pan-African…
Knowledge Hub 365 Now Offering E-courses In Nigeria
Knowledge Hub 365, an enterprise training portal, has begun offering e-courses in Nigeria. In a statement on Tuesday, the company…
House of Representatives Approves N4.89tn New Borrowings
The House of Representatives has passed the 2022–2024 Medium Term Expenditure Framework and Fiscal Strategy Paper as presented by the…
Naira Exchange At 414.83 To $1 Officially
The exchange rate between the naira and the US dollar closed at N414.83/$1, at the official Investors and Exporters window.…
E-Naira Website Goes Live Ahead Of October 1st
The Central Bank of Nigeria’s eNaira website has gone live ahead of October 1 official launch. According to the website,…
SEC Considers Regulation Of Fintech Operations In The Capital Market
The Securities and Exchange Commission, SEC, is considering the regulation of fintech operations in the capital market in order to…
Oil Prices Climbed To The Highest Level In Three Years
Oil prices climbed, Tuesday, to the highest level in three years on mounting expectations that the global natural gas crisis…
E-Naira Will Aid Revenue Collection: CBN
The Central Bank of Nigeria has said the e-Naira will provide a secure and cheaper Diaspora remittance option, this was said…
Nigerian: Investors Record N51.03 Billion Loss
Stock market activities on Monday declined as trading volume and value of shares dropped by 77.99 per cent and…
Chartered Institute of Stockbrokers To Hold Session On Marketing Magic: The Art Of Marketing In Digital Age For It’s Member
The Chartered Institute of Stockbrokers has said it plans to hold a capacity building session on modern techniques of marketing…
Nigeria: SuperTv Launch Zero Data Streaming App
The SuperTV has launched an online movie streaming terrain with matchless Zero Data as Nigeria marks 61st independence. A statement…
Uphold Quality Standards:Standard Organisation Of Nigeria
The Standard Organisation of Nigeria has asked electrical dealers to uphold the quality standards for them to benefit from the…
Nigeria Need Over $400bn To Fund Its Critical Energy Needs
The President of the Federal Republic of Nigeria, Muhammadu Buhari (Retd.), has said that Nigeria needs over $400bn to fund…
African Legal Support Facility Celebrates Achievements As It Begins New 14-Year Mandate
The African Legal Support Facility, which is an initiative created to help governments avert losses from business deals, saved African…
Inflows From Foreign Portfolio Investors Dropped By N37.85bn: Nigerian Exchange Limited
The Nigerian Exchange Limited, formerly Nigerian Stock Exchange, revealed in its latest report that year-to-date inflows from foreign portfolio investors…
capital Market Raised N176bn In Four Years: The Securities and Exchange Commission
The Securities and Exchange Commission has said that the capital market raised N176bn in four years and has the potential…
Naira Exchange At N580 To $1
The naira exchanged to the dollar at 580 on Friday, while the Pound Sterling traded for 780 at the parallel…
Brent Oil Futures Close At It Highest Level Since October 2018
The price of crude oil was up in London on Friday morning, climbing for a fourth day amid tighter supplies…
Meadow Foods Register 20,000 Farmers In Two Nigerian State
Meadow Foods Nigeria Limited through its GrowIT project has announced the completion of the registration and farmland mapping of 20,000…
Nigeria Exchange Limited To Hold First Technovation Conference
The Nigerian Exchange Limited, formerly the Nigerian Stock Exchange, has announced that it would be holding the first Technovation conference…