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Flight Difficulties are Looming as the Shortage of Aviation Fuel Grows.
Domestic airlines operating under the auspices of the Airline Operators of Nigeria have alerted Nigerians to…
Nigeria Generates N625.4 billion in VAT from the Manufacturing Sector in Q3 2022.
In the third quarter of 2022, the Federal Government of Nigeria (FGN) collected N625. 39 billion in value-added…
NIMASA Attributes Rising Food Costs in Nigeria to Ship Insurance Issues.
The high cost of food in the nation has been attributed by the Nigerian Maritime Administration and Safety Agency…
Nigeria FG Saved $16 billion from Port Concession, According to the Terminal…
According to Seaports Terminal Operators of Nigeria, which represents terminal operators working in the country's…
Amazon’s Market Value Declines by $1 trillion.
Amazon's market value decreased by $1 trillion this year as a result of a stock market selloff, which was sparked…
Nigeria Misses OPEC Quota As Oil Production Shortfall Hits 6.9m Bpd In 11 Months.
Between January and November 2022, Nigeria's production of crude oil fell by 6.9 million barrels per day (bpd).…
Nigeria Retail Trades on NGX Reached N26.62 billion.
According to data from the nation's local bourse, retail transactions in the Nigerian Exchange rose by 10. 69%…
U.S. Plans to Invest $170 million in African Exports.
The U.S. Government program, Prosper Africa, which aims to increase bilateral trade and investment between the US…
Banks Reject 94% of Proposals for Export Funding.
Dr. Bamidele Ayemibo, the lead consultant at 3T Impex Consulting, claims that 94% of bank requests for export…
Dangote Reiterates His Dedication to the Industrialization of Africa.
According to Dangote Group, their goal is to lead Africa's industrialization. Aliyu Da'u Aliyu, a representative…
Nigeria’s Foreign Portfolio Shows a $2.08 billion Deficit.
In spite of a challenging economic climate marked by currency issues and a decline in investor confidence,…
Imports of Raw Materials Decline 22.36% to N1.88 trillion.
Manufacturers imported raw materials totaling N1. 88 billion between January and September 2022, according to the…
Finance Bill: Dangote, 7UP, and 170 Businesses might Lose N2.4 trillion Tax…
As the Federal Government plans to phase out some tax waivers from 2022, at least 172 companies may not benefit…
Shell is Commended for Its Local Content Initiative.
The Petroleum Technology Association of Nigeria recently conducted its 2022 annual industry dinner and awards…
Savannah and PETRONAS End the Acquisition of ExxonMobil Assets Deal.
The Shares Purchasing Agreement that Savannah Energy Plc had previously agreed into with PETRONAS to purchase…
AfCFTA Expects to Trade $12 billion in Four Years.
According to supporters of the African Continental Free Trade Agreement, the agreement has the potential to…
IMF to Inject $3bn into Ghana’s Economy.
Ghana has reached an agreement with the International Monetary Fund (IMF) for a $3 billion injection into the…
AWHF Urges Tanzania to Use its Heritage Resources.
Tanzania has been challenged to maximize the value of its spectacular heritage resources. The country's numerous…
Banks’ Operating Expenses are Up 19.2% Due to High Inflation and Regulatory…
Following a high inflation rate and regulatory charges, 14 Nigerian banks reported N2. 03 trillion in total…
Dangote Cement’s share buyback has been approved by shareholders.
Dangote Cement shareholders unanimously authorized the company's management to conduct a share buyback of up to…
Kenya’s Highest and Lowest Paying Industries are Revealed.
The financial and insurance sectors employ the greatest proportion of Kenyans earning more than Sh100,000,…
Architectural Business Cannot Claim Sh1.4 billion from NHIF.
A consultant's attempt to recover Sh1.4 billion from the National Health Insurance Fund (NHIF) for a bungled deal…
Growth Expectations, Monetary, and Fiscal Policies.
Fiscal and monetary policy are essentially macroeconomic instruments used to control or stimulate the economy.…
Export repatriation: DMBs to Lend N500 billion to Export Firms According to CBN.
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMBs) to grant at least N500 billion in loans…
CBN Allocates N10 trillion to Manufacturers.
Aishah Ahmad, Deputy Governor, the Financial System Stability Directorate, Central Bank of Nigeria, has expressed…
Absa Says Africa’s Top Investment Destinations Includes Tanzania.
Tanzania has been rated as one of the best investment locations in Africa due to its robust regulatory…
MRS SubsidIary’s $300m Purchase Of Chevron Oil Block From NNPC Allows For The…
Nigerian National Petroleum Company Limited (NNPCL) will supply 8,000 barrels of crude per day for four to five…
Equity, NCBA fight over Sh160 million Nairobi Property.
In a legal dispute over a building in Nairobi that the two lenders claimed to have financed at a cost of Sh160…
Kenya Incurs Additional Foreign Debt of Sh5.4 billion.
In the fiscal year that ended in June, Kenya's external debt servicing costs increased by Sh5. 4 billion,…
TLG Plans Venture Debt Deals in Future Africa’s Portfolio.
A $25 million venture debt fund designated for portfolio companies is being launched by Future Africa, a venture…