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 January 3, 2023,…
Category: Business
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 start of a down…
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 NG-CARES…
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 issues, insecurity,…
Nigeria and Spain are Increasing their Gas Investment.
The Federal Government has begun discussions with the Spanish government to encourage investment in the petroleum sector, leveraging possibilities made…
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 to meet…
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 multinational oil…
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 what…
Nigeria Federal Government Invests in Four Private Refineries.
According to the federal government, it has strengthened partnerships with refinery owners in the private sector in order to boost…
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 for…
Tanzania: Businesses are Cautiously Optimistic About 2023.
The business community is cautiously optimistic about the economic environment in 2023. They think the future is promising, but only…
Kenya: The Majority of NSE Companies do not Pay Dividends.
In the most recent financial year cycle, almost half of the Nairobi Securities Exchange (NSE) listed companies did not pay…
Export-related Loans Reached N44 billion.
The intervention funds allocated by the Central Bank of Nigeria under its Export Facilitation Initiative increased to N44. 58 billion…
Why Nigerian Ships are Unable to Lift Crude-Ex-COMD-NNPC.
According to Kon Bob-Manuel, a former general manager of shipping and terminal operations for the Nigerian National Petroleum Corporation’s crude…
Nigeria Records N170.2 Trillion In Foreign Trade In 5 Years.
According to analysis of National Bureau of Statistics (NBS) reports, trade between Nigeria and other nations reached N170. 265 trillion…
Ventures Platform Fund Exceeds $40 million Goal.
Ventures Platform, a pan-African venture capital firm that supports the next generation of African technology entrepreneurs, closed its early-stage and…
TLG and UGFS: First Close for Tunisia-based Empower Fund.
The Empower Fund, created by the CDC Tunisia, has announced its first close, according to UGFS and TLG Capital. The…
Sahel Capital Withdraws its Investment in L&Z Farms.
According to a statement from L&Z Integrated Farms Limited, an integrated dairy processing business in Nigeria, Sahel Capital has left…
Plension Capital Firm Launches and Discloses First Transaction.
Plesion Capital announced its establishment as a social impact venture capital company dedicated to collaborating with entrepreneurs and businesses with…
SPE Capital Purchases the Majority of Vital to AIF I’s portfolio.
SPE Capital, an investment company with a focus on Africa and the Middle East, announces the acquisition of a majority…
Tanzania: Oil Traders Forecast that Local Gasoline Prices will Stabilize 2023.
The year 2023 began with petroleum products moving in a variety of directions, predictions for the stability of fuel prices…
Nigerian Market will Benefit from Canadian Real Estate Policy.
According to stakeholders, Canada’s decision to ban foreign real estate investors will have a positive effect on the real estate…
NIMASA: The Key to Effective Port and Flag Administration is Standardized Digital Communication.
According to Dr. Bashir Jamoh, Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), international cooperation to achieve…
The Niger Government Enacts a N243 billion Appropriation Bill.
The 2023 appropriations bill, totaling more than N243 billion, has been signed into law by Niger State Governor Abubakar Sani-Bello.…
Nigeria Debt Profile: 28 Governors Accrue N5.8 trillion in Debt.
In the midst of the current economic crisis, the minister of the Federal Capital Territory and the 28 governors of…
China Leads Nigeria’s Imports in the Q2 of 2022, while India Leads Exports.
According to data from the National Bureau of Statistics, China was Nigeria’s top import source in the second quarter of…
NBK Capital Holds Final Close for Shari’ah Credit Fund.
A renowned regional investment advisor, NBK Capital Partners, has announced the completion of the third-generation private credit oriented NBK Capital…
Amethis Invests Growth Capital into Moroccan Globex Logistics.
The Moroccan company Globex, a specialist in fast messaging, freight, and transit solutions in Morocco and sub-Saharan Africa, has acquired…
2023 Budget would Result in Unemployment and Inflation – Utomi.
According to Pat Utomi, a political economy professor and the founder of the Centre for Values in Leadership, the recently…
Banks Ban Naira Cards From Online And Point-of-Sale International Transactions.
The usage of Naira cards for international online and Point of Sale (PoS) transactions has been discontinued, according to banks.…