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Africa
Increasing Spending: FG’s Three-Year Deficit Hits N15.4tn Amid Revenue Crisis
Within a three-year period covering July 2018 to June 2021, the Federal Government recorded a fiscal deficit of…
Stock Market Halts Losing Streak, Investors Gain N35bn
Investors in the equities market of the Nigerian Exchange Limited gained N35.44bn fueled by buyer interest in…
LinkedIn Is Shutting Down Its Stories Feature To Work On Short-Form Video
Linkedin announced that that it will suspend its Stories feature on September 30 and begin working on a different…
President Buhari Finally Receives NDDC Forensic Audit Report
President Muhammadu Buhari on Thursday received the final report on the forensic audit report of the Niger Delta…
External Reserves Hit Two-Month High, as Naira Plunges Further
Nigeria’s foreign reserves have hit a two-month high, data released by the Central Bank of Nigeria (CBN) have…
VAT ‘War’ Between FIRS, States Leaves Businesses Confused
Taxpayers and business owners are scratching their heads over the authority to remit Value Added Tax (VAT), as the…
Nigeria: SEC Six-Month Expenses Outstrip Revenue By N1.65bn
The Senate on Thursday, raised the alarm that the Security and Exchange Commission, was gradually becoming…
Nigeria: Senate Fear SEC May Liquidate By 2023
The Senate, yesterday, expressed apprehension that the Security and Exchange Commission (SEC) could become…
NEITI, ICPC Sign MoU To Curb Illicit Transactions
The Nigeria Extractive Industries Transparency Initiative on Thursday signed a Memorandum of Understanding with the…
Discos Paid N26.81bn For Electricity In June – NBET
The Nigerian Bulk Electricity Trading Plc has revealed that market receipts remitted by Distribution Companies in…
Twitter Ban Remains, Says NCC As Nigerians Lose N220.36bn
The Twitter ban in Nigeria is still in effect according to the Director, Public Affairs, Nigerian Communications…
Naira Sinks To 530 Against Dollar, Pound Hits N720
The naira plunged to a fresh record low against the dollar, the British pound sterling and euro on Thursday amid…
South Africa:Telkom’s Openserve Unit to Terminate DSL Services From 1 October
Telkom South Africa’s Openserve wholesale unit has informed its ISP partners of its plan to cease offering…
Nigerian Communications Commission (NCC) To Hold Public Inquiries On Three Draft…
The Nigerian Communications Commission (NCC) will hold a public inquiry on three draft regulations and…
Central Bank Of Nigeria Clarifies Reports of Non-Remittance of 80% surpluses into…
The Central Bank of Nigeria (CBN) has denied allegations that it failed to remit 80 per cent of its operational…
Banning Fossil Fuel Investments Will Hurt Nigeria
The Vice-President, Prof. Yemi Osinbajo, has said the banning or restriction by a growing number of wealthy nations…
NAICOM Stops Manual Processes For Insurance Companies
The National Insurance Commission has issued a directive to transit from manual to online processing and all…
Nigeria’s Eurobonds Debts Rise By $9.37bn In Five Years
Commercial loans obtained by Nigeria through Eurobonds rose from $1.50bn as of December 31, 2015 to $10.87bn as of…
South African Factory Mood Rises As Economy Steadies After Riots
An index measuring South African factory sentiment jumped by a record in August as conditions normalized after…
Adesina Hails Singapore’s Huge Investments In Africa
Akinwumi Adesina, president of the Africa Development Bank (AfDB), has hailed Singapore’s huge investments in…
FG Disburses N56.8bn To One Million MSMEs
The Federal Government has said that it has disbursed N56.8bn to one million Micro, Small and Medium Scale…
OPEC, Other Meet To Decide On Production Increase
The Organisation of the Petroleum Exporting Countries and its allies will meet on Wednesday (today) to decide…
US Ready To Identify Boko Haram Sponsors
The United States has expressed its readiness to help Nigeria to identify sponsors of terrorism in the country.…
Central Bank Of Nigeria Urges NLC and TUC To Support Its 5-Year Economic Strategy
The Central Bank of Nigeria (CBN) has urged the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) to…
Experts Peg Nigeria’s Infrastructure Gap at $3tn
Research experts have estimated that Nigeria has an infrastructure gap of $3 trillion, which according to them is…
Nigeria To Launch $3bn Eurobond On October 11, With Lagos, NY Roadshows
The federal government has set October 11, as the date to shop for new creditors to help finance the 2021 budget…
Central Bank of Nigeria Engages British fintech To Develop Digital Currency
The Central Bank of Nigeria, on Monday, announced the formal engagement of a global fintech company, Bitt Inc., as…
Champion Breweries, Eterna Others Drag Capitalisation Of The Nigerian Stock…
The Nigerian Exchange Limited (NGX) reopened on a downward note yesterday, occasioned by losses incurred by most…
Nigeria: United Capital Lists N20b Commercial Papers
United Capital Plc has listed three series commercial papers worth about N19.72 billion on the FMDQ Securities…
Africa Lacks Production Capacity To Meet Local Demand For Oil Palm
The Secretary, National Action Committee on Africa Continental Free Trade Agreement (AfCFTA), Mr. Francis Anatogu…