Nigerian Operators Upset Over the Proposed 20% Tax on Non-alcoholic Beverages by the Federal Government.
An analysis of the effects of the current N10 per litre excise tax between June and August 2022 revealed an…
Category: Business
According to NBS, 133 million Nigerians are Multidimensionally Poor.
According to the National Bureau of Statistics (NBS), 133 million people in Nigeria (63% of the population) are multidimensionally poor.…
Interswitch Defines the Way to a More Stable Payment Ecosystem
The management of Interswitch, Africa’s top integrated payments and digital e-commerce firm, conducted an engagement session for its clients and…
World Bank and CBN Take Steps to Increase MSMEs’ Access to Credit
The Central Bank of Nigeria (CBN) and the International Finance Corporation (IFC), a unit of the World Bank, have established…
UBA Restates Commitment To SMEs Development Across Africa.
United Bank for Africa (UBA) Plc. Africa’s Global Bank, has reaffirmed its commitment to the expansion of Small and Medium…
NCC’s 5G Spectrum Auction: Stakeholders Reject Airtels $273 Pricing.
According to Airtel Africa, the Nigerian Communications Commission (NCC) should reserve a spot in the 3. 5GHz spectrum for the…
Diasporans Remits $20 Billion to Nigeria
The Federal Government has agreed to launch a Diaspora Mortgage Loan Scheme for Nigerians living in other countries. The scheme,…
Google Receives $392 million in Fines from the US
Google and 40 US states reached a landmark privacy settlement on Monday after the search engine giant was accused of…
Nigeria Opens its First Deep Sea Shipping Port.
Nigeria’s first deep sea port was turned over to the government by China Harbor Engineering Company Ltd. (CHEC) after the…
Tanzania and China Will Deepen their Partnership.
Chinese President Xi Jinping welcomed Tanzanian President Samia Suluhu Hassan to Beijing as part of his state visit to China.…
Young Chae Predicts that by the End of 2022, Bilateral Trade between Korea and Nigeria would Reach $2.4 billion.
By the end of the year, the bilateral commerce between Nigeria and South Korea, the tenth-largest economy in the world,…
To Accelerate the Growth of SMEs, Bank of Ghana Collaborates with Two Parties.
The Bank of Ghana (BoG) has teamed up with two organizations to provide the nation’s micro, small, and medium-sized companies…
Elon Musk Prepares for a $56 billion Fight with a Drummer from Heavy Metal.
Elon Musk has fought against the automakers, short sellers, and securities authorities in Detroit. The Tesla (TSLA. O) CEO will…
Uganda Hopes to Enhance its Trading Relations with China.
In an effort to find further avenues for pursuing economic and commercial cooperation on a “win-win basis,” authorities from the…
Elon Musk Sells at least 3.58billion Worth of Tesla Shares.
Elon Musk, CEO of Tesla Inc. (TSLA.O), sold $3. 95 billion worth of shares in the electric vehicle manufacture; according…
$6 million will be Invested in AfyA Care by CardinalStone Capital Advisors.
AfyA Care’s Series A capital round will include a $6 million investment from CardinalStone Capital Advisers (CCA); a West African…
Telcos make N1.92billion from Calls and Data.
Between January and September 2022, MTN and Airtel earned N1.92 trillion on calls and data. This is information from MTN…
Amazon Establishes An Office In Nigeria
The first office of an IT company, Amazon Web Services, Inc. (AWS), has reportedly been established in Lagos, Nigeria. Amrote…
The Second-largest Shareholder in Twitter is the Saudi Prince, Alwaleed.
The monarch stated he adhered to his $1. 9 billion equity promise to the social media business’s new owner; after…
International Brewery Estimates a Rise in Sales to N49billion in the Third Quarter of 2022.
The third quarter results for International Breweries Plc have been released, and they indicate a record 5. 6% increase in…
Nigeria and Canadas Business Increases to $2.7billion.
According to Temitayo Dada, the Canadian Commerce Commissioner in Nigeria, with $2. 67 billion in annual bilateral trade in goods,…
Buhari Plans to Trade with South Korea for over $1.3billion.
President Major General Muhammadu Buhari (retd) invited top Korean business executives to increase their investments in Nigeria in Seoul; saying…
PSBs Must Sell Foreign Currency Gains From International Wire Transfers – CBN.
Payment Service Banks (PSBs) all throughout Nigeria have been given permission even by Central Bank of Nigeria (CBN) to sell…
FG Expects the Remaining 5G Spectrum Auction to Generate $547million.
The commission set the reserve price for the new 5G spectrums at $273.60 million in the Information Memorandum (IM) on…
Nigeria’s Imports of Rice Decrease From 98.4% to 15metric Tons In 7 Months.
Between January and July 2022, Nigeria’s imports of rice from the Thai Rice Exporters Association (TREA), one of the top…
Kogi Communities Jubilate As Dangote Cement Obajana Plant Reopens
There were huge scenes of jubilation among affected host communities; following the Federal Government’s order for the immediate reopening of…
Nigeria Has a Chance To Increase Its Revenue as a Result of China’s Decision To Stop Selling LNG To Europe.
On October 17, Bloomberg reported that China had instructed its state-owned natural gas importers, including Sinopec and the China National…
According to NMDPRA, Dangote’s 650,000bpd Refinery is 97% Finished.
According to announcement from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the 650,000 barrels per day Dangote refinery…
NBC Will Increase Its Investment In Online Banking.
NBC Bank committed to making more efforts in the field of online banking to improve customer convenience and experience. Managing…
After US Interest Rate Increases, Safaricom’s Valuation Falls Below Sh1trillion – Kenya.
Due to the exodus of foreign investors following rate increases in the US, Safaricom’s valuation at the Nairobi Stock Exchange…