Browsing Category
Business
Unification: Producers Bemoan the Lack of FX Availability.
After the Central Bank of Nigeria (CBN) unified the foreign exchange (FX) market, manufacturers in the country are…
Unicem Cement’s Eco-label is Introduced by Lafarge Africa.
Lafarge Africa Plc has launched its Eco Label branding, which supports the company's commitment to net zero…
Credit to the Private Sector Increased 14.97% to N44.21 trillion in May.
The Central Bank of Nigeria (CBN) has reported a significant 14.9% year-on-year increase in credit to the private…
Shareholders of Union Bank will receive N7 Ser shares from Titan Trust Bank.
Union Bank Plc has announced that minority shareholders will receive N7.00 per scheme share as consideration for…
Nigeria’s Oil Production Falls Below the Target Set by OPEC.
According to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria's oil production has…
Nestle increases its sourcing of Nigerian raw materials as the cash crunch hits
Nestle, a major food company, is increasing its sourcing of local raw materials such as starch and turmeric in…
CBN and Bill Gates Collaborate on Financial Inclusion
The Central Bank of Nigeria (CBN) and the Bill and Melinda Gates Foundation (BMGF) have finalized their plans to…
Debt Servicing Surged by 55.71% to N1.24tn.
Nigeria's debt servicing costs have surged by 55.71% to N1.24tn within a three-month period, as revealed by data…
Travelers Lament as the Devaluation of the Naira Raises Airfares.
The decision by the Central Bank of Nigeria to devalue the naira has caused a significant increase in airfares,…
FG, the States, and LGAs Split May’s Income of N786 billion.
The Federation Account Allocation Committee (FAAC) announced that it distributed a total of N786.16 billion among…
DMO is Alarmed by Low Revenue as Nigeria’s Debt Approaches N81 trillion.
According to findings, Nigeria's total public debt is projected to reach N81.64tn this year, based on the 2022…
PPI Falls to 30.3% in May 2023, According to GSS.
According to recent information from the Ghana Statistical Service (GSS), the Producer Price Inflation (PPI) for…
FG and Others Share N2.84 trillion in FAAC.
In the first four months of this year (January to April), the Federal Government (FG), 36 States, and 774 Local…
Leading Imports Include Wheat, Sugar, and Petroleum Goods.
Despite the limited access to petroleum products that Nigerians had in the first quarter of 2023 (Q1'23), With a…
FGN Bonds’ Value Decreased by 93.2% to N183 billion.
In comparison to the same period in 2022, the value of listed Federal Government of Nigeria bonds on the Nigerian…
States start the process of establishing utility commissioners under the…
There are significant signs that the state governments, which are considered to be federating units under the…
Removal of Subsidies: NEITI Investigates Gasoline Usage Data.
Despite the criticism to the action, the Federal Government shouldn't reverse its decision to end subsidies on…
Eze, a YC-backed Wholesale Electronics Marketplace, Raises $3.7 million.
Eze, a B2B electronic goods marketplace, raises $3.7 million. Right Side Capital Management headed the investment…
Trella’s Logistics Startup is Supported by Avanz Capital Egypt with $3.5…
To aid in the expansion of the Egyptian logistics sector, private equity firm Avanz Capital Egypt has invested…
French Company Schneider Transfers Kenya Operations.
French energy company Schneider Electric Kenya will discontinue its manufacturing activities there, indicating…
Shane Harris is Appointed Chairman/MD of ExxonMobil Nigeria.
In Nigeria, Esso Exploration and Production Nigeria Limited, Mobil Producing Nigeria Unlimited, have appointed…
Airtel’s Network Launch has Increased Access to 5G.
In Nigeria, access to fifth-generation technology (5G) is expanding significantly, especially since Airtel Nigeria…
UK Lowers Tariffs on Goods from Nigeria and Other Countries.
In order to save businesses and consumers millions of pounds annually, the United Kingdom (UK) stated that it has…
As Billing Revenues Reach N842 billion in a Year, Discos’ Collection…
According to the most recent data made available by the Nigerian electrical Regulatory Commission (NERC), the…
FG Begins Enforcing the Data Privacy Law, Banks, telcos, and others will Face…
Banks, telecommunications corporations, and other organizations might face fines of up to 2% of their annual…
Ofori-Atta: The Government will get $6.2 billion from Multilateral Partners.
The government anticipates receiving around $6.2 billion from its multilateral partners between 2023 and 2026,…
Capital Market: By Q3 2023, ASEA will Launch AELP Phase II.
The second phase of the African Exchanges Linkage Project (AELP), which was successfully launched in phase one, is…
Nigeria, Morocco, and others Agree on a $30 billion Pipeline.
Four Memorandums of Understanding for the $30 billion Nigeria-Morocco Gas Pipeline Project were signed on Friday…
FG Obtains a $750 million World Bank Credit for Power Development.
On June 9, 2023, the loan with project ID P174622 received approval, becoming the first World Bank loan to do so…
May Oil Production Generates N1.3tn and Reaches 36 million Barrels.
In May 2023, Nigeria's oil production rose by 6.73 million barrels to 36.7 million barrels, generating a total…