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Business
Federal Government of Nigeria Seeks Collaboration On Gas and Electric Trains
The Federal Government has disclosed that it was in talks with investors on how to power Nigeria's trains with…
A Microsoft Cloud Outage Affects Users Globally.
Microsoft Corp (MSFT.O) was hit with a networking outage that took down its cloud platform Azure along with…
3M to Lay off 2,500 Workers and Forecasts a Weak First Quarter as Demand Falls.
3M Co (MMM. N) said it would lay off 2,500 workers in manufacturing and forecast a bleak first quarter as the U.S.…
The Central Bank of Nigeria has increased interest rates to 17.5%.
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by…
CBN Bans Abuja and Lagos PoS Operators for Cash Swap.
Mobile money/Point of Sales agents in Abuja and Lagos have been cut off from the Central Bank of Nigeria's…
Nigerian Aviation Handling Company Strike Action.
The management of the Nigerian Aviation Handling Company has expressed gratitude to its clients for their patience…
Nigeria Launches a $1 billion Deep Sea Port.
Nigeria recently opened a billion-dollar deep seaport in Lagos that was constructed by the Chinese. This port is…
Economists Disagree on NNPCL’s N2.52 trillion Road Investment.
Financial economists had mixed reactions to the Nigerian National Petroleum Company Limited's approved plan to…
Nigeria: Interest Rates are Likely to Rise as the MPC Meets.
Financial experts have expressed varying opinions on the possible outcomes of the rates ahead of the Central Bank…
Adesina: Africa’s GDP will Grow by 4% in 2023 and 2024.
Africa's GDP growth is anticipated to be higher than the projected global averages of 2.7% and 3.2% in 2023 and…
CBN To Penalize Banks N1m Per Day For Not Picking New Naira Notes.
The new naira notes must be picked up by commercial banks for distribution, according to the Central Bank of…
IOCs will Icrease their Drilling Activity.
In contrast to reports that International Oil Companies, Shell, Chevron, and other energy companies would finally…
JPMorgan: Prior to the South Africa Budget, Investors should Purchase Eskom Bonds.
JPMorgan has urged investors to purchase Eskom bonds in South Africa before the country's budget, which is…
Nigerian Shipowners and Operators find the NNPC Cargo Policy Frustrating.
Stakeholders in the nation's maritime industry claim that local shipowners are suffering as a result of Nigerian…
Biotech is Set to Acquire Instadeep.
InstaDeep Ltd., a top global technology company in the fields of artificial intelligence ("AI") and machine…
EAIF Funding Enables the Ivorian Hydro Project to Reach Financial Close.
Ivoire Hydro Energy (IHE), which will construct a 44MW hydroelectric power generation plant on the Bandama River…
PoS Operators Reject Raising the Service Fee.
In response to the Central Bank of Nigeria's decision to review the cash withdrawal limits for automated teller…
National Assembly Resumes, with a Priority on Restructuring the N23.7tn Loan.
The National Assembly will reconvene after its holiday recess to address outstanding matters of national…
Officially, the NLNG Bonny Plant is Still Functioning.
According to the Nigeria LNG Limited, despite a force majeure declaration made in October 2022 and issues with…
The Licensing for Oil Blocks will End in April – Nigeria FG.
The Federal Government declared that the seven deep offshore open oil blocs licensing round, which started on…
Market Value Decreases by N89.14 billion.
The market capitalization of the Nigerian Exchange Limited's stock market decreased by N89.14 billion, signalling…
The World Bank Chooses BoI to Allocate Funds for MSME
According to the Bank of Industry, the World Bank has approved its nomination as the national provider of the…
World Bank Attributes The Decline in Oil Production to Technical Issues.
According to the World Bank, the 40% decrease in Nigeria's oil production last year was caused by technical…
Nigeria and Spain are Increasing their Gas Investment.
The Federal Government has begun discussions with the Spanish government to encourage investment in the petroleum…
FG and Airlines Meet in Court Regarding Nigeria Air.
At the Federal High Court in Lagos, attorneys for the Federal Government and the domestic airlines are anticipated…
Chevron Suing Rita Lori and Others for N300m in Legal Costs.
Rita Lori Ogbebor and other individuals have been brought before the Delta State High Court in Warri by…
3D Printing Expands to New Heights.
Home construction has been elevated by the use of 3D printers. The massive, more than 12-ton printer is producing…
Nigeria Federal Government Invests in Four Private Refineries.
According to the federal government, it has strengthened partnerships with refinery owners in the private sector…
Kenya: Vivo Controls the First Quarter of 2022’s Sales of Fuel.
In the fiscal year that ended in June 2022, Vivo Energy Kenya, a retailer of Shell-branded fuels, was responsible…
Tanzania: Businesses are Cautiously Optimistic About 2023.
The business community is cautiously optimistic about the economic environment in 2023. They think the future is…