The Way Of Water from Avatar Brings In $1 billion In Just 14 Days.
The worldwide box office for James Cameron’s “Avatar: The Way of Water” has surpassed $1 billion.The combined $317 million in…
Category: Business
Gas Supply Constraints Caused a 61% Revenue Loss for Geregu Power in The Third Quarter of 2022.
The newly listed company on the Nigerian Exchange Group, Geregu Power Plc, lost N8. 2 billion, or 61 percent, of…
Fitch – Ghanaian Banks will Deteriorate As A Result of The Restructuring of The Country’s Debt.
When banks replace their current debt with new bonds that have lower coupons and longer tenors, according to Fitch, they…
Nigeria: Lekki Port Starts Discussions On A Liquid Berth Terminal.
According to Laurence Smith, the Chief Operating Officer of Lekki Port LFTZ Enterprise Limited, discussions have begun with potential managers…
25-year Port Master Plan will Be Completed In Q3 2023 – NPA.
According to Mohammed Bello-Koko, managing director of the Nigerian Ports Authority, the 25-year port master plans will be completed before…
Emefiele Should Defend Himself, Group Says Regarding Terrorism Financing.
The South South Reawakening Group (SSRG) demanded that the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, explain himself…
Afreximbank’s FEDA Purchases A Stake In Geregu Power Plc To Boost The Power Sector
The Fund for Export Development in Africa (FEDA) of the African Export-Import Bank (Afreximbank) has announced that it has obtained…
In 2023, German Corporations Intend to Invest more in Africa.
43% of German companies anticipate increasing their investments in Africa in the upcoming year, particularly in sectors like green hydrogen…
Shell will Pay 15 million Euros to Resolve the Nigerian Oil Disasters.
Shell (SHEL.L) will pay 15 million euros ($15. 9 million) to communities in Nigeria that were affected by multiple oil…
Nigeria: SEC Begins Annual Registration of Market Operators.
The Securities and Exchange Commission, Nigeria’s top capital market regulator, has announced the beginning of an annual renewal of registration…
Tesla to Freeze Hiring and Lay Off Employees First Quarter of 2023.
There will be further layoffs at electric vehicle manufacturer Tesla Inc (TSLA.O) in the upcoming quarter. According to the article,…
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 anticipate delays in regularly…
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 tax through…
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 to…
Nigeria FG Saved $16 billion from Port Concession, According to the Terminal Operators.
According to Seaports Terminal Operators of Nigeria, which represents terminal operators working in the country’s maritime industry, the port concession…
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). This is…
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% to N26.62…
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 and African countries,…
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 financing from…
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 of the Dangote Group,…
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, Nigeria’s foreign portfolio…
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 Q1-Q3 foreign trade reports,…
Finance Bill: Dangote, 7UP, and 170 Businesses might Lose N2.4 trillion Tax Waivers.
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 ceremony in Port Harcourt, Rivers…
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 ExxonMobil’s upstream and midstream…
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 increase trade value in…
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 economy over…
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 sites of outstanding universal…
Banks’ Operating Expenses are Up 19.2% Due to High Inflation and Regulatory Fees.
Following a high inflation rate and regulatory charges, 14 Nigerian banks reported N2. 03 trillion in total operating expenses in…