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Ghana will Swap its Economic Debt to Regain its Stability.
Ghana will begin trading domestic debt, according to its finance minister Ken Ofori-Atta, who expressed optimism…
Nigerias Telecoms Subscribers Hit 214million.
In October, there were 214. 34 million active telecommunications subscribers. Since the country's subscriber base…
Oil-producing States Borrow N1.3tn Amid N6.4tn Windfall.
The total debts of nine oil-producing states rose from N2.04tn in December 2015 to N3. 35tn as of June 2022,…
Additional N1.55 trillion is Invested in Treasury Bills by Nigerian Banks.
Deposit Money Banks increased their holdings in Nigerian Treasury Bills by N1. 55 trillion between July 2021 and…
FIRS Grants TaxPro Max’s Outstanding Interest and Penalty Waivers.
According to the Federal Inland Revenue Service (FIRS), until December 31, 2022, all unpaid interest and penalties…
NNPCL flares all of its gas output in September, making no money.
Nigerian National Petroleum Company Ltd, the country's state oil company, flared 100% of its gas output in…
Federal Government Declares NIN Required for Business Registration.
Nigerians would no longer be able to register businesses without the National Identification Number (NIN),…
Nigeria’ House Of Reps Approve N308 billion Export Grant For 194 Companies
The House of Representatives has authorized the payment of a variety of sums totaling N308. 458 billion to 194…
Insecurity: FEC Approves PPP for Satellite Internet Broadband.
The Research and Development of Satellite Internet Broadband Project, which would bring in N28 billion over a…
Nigeria’s Total Pension Fund Assets Hit N14.5 trillion in October 2022.
At the end of October 2022, Nigeria's total pension fund assets reached a record high of N14.59 trillion, up 1.14%…
Derivation Funds: Nigeria FG Allocated N1.98 trillion To States.
As part of the 13% backlog in oil derivation payments to oil-producing states, the Federal Government has paid out…
AXA Mansard Insurance Company Increases Q3 Premium by 19%
The third quarter that ended on September 30, 2022, saw a 19% increase in Gross Written Premium for AXA Mansard…
We will keep Cracking Down on Ponzi Schemes – Nigeria’s SEC.
In an effort to stop the operations of Ponzi schemes, the Securities and Exchange Commission (SEC) has reassured…
UN Reports the First Shipment of Russian Fertilizer Heads to Africa.
According to a previous export agreement negotiated by the UN, the first shipment of fertilizer made in Russia…
CBN Protects Naira With $11.24 billion in Seven Months.
To keep the value of the naira stable between January 2022 and July 2022, the Central Bank of Nigeria injected…
Kogi, China to Invest N591 billion, Create 685,000 Jobs.
The Kogi State Government and Chinese investors have signed a Memorandum of Understanding to provide technology…
RMAFC, EFCC Discover $205 million in Unremitted Funds from Oil Firms.
Through collaboration with the Economic and Financial Crimes Commission, the Revenue Mobilisation Allocation and…
Taxes on Beverages will Reduce Production and Income by 40%, According to…
The Manufacturers Association of Nigeria (MAN), has warned that the Federal Government's proposed 20% Ad-Valorem…
Nigerian exporters were paid N81 billion by CBN.
The Center Bank of Nigeria (CBN) reported that it has given tenacious Nigerian exporters incentives totaling N81…
Nigeria’s Government is Relying on an Energy Transition Plan to Lift 100…
The federal government has made the fulfillment of Nigeria's Energy Transition Plan. A condition for achieving its…
Investors Rush As the Fed Government’s N100 billion Sukuk Closes.
The offer period for the federal government's continuing sovereign Sukuk is coming to an end. Therefore, investors…
Exclusive: Exxon will leave Equatorial Guinea amid the Phase-out of Crude in…
Exxon Mobil Corp (XOM. N) will cease oil production in Equatorial Guinea after its license expires in 2026 and…
The Ministry of Finance disputes budget padding.
Allegations that various ministries, departments, and organizations have padded their budgets have been disputed…
90% of Telecoms’ RoW Fees are Reduced by the FCT Minister.
According to Mohammed Bello, Minister of the Federal Capital Territory, the right-of-way fee for…
Lekki Free Zone Company, NNPC, and NIPCO Reach Gas Infrastructure Agreement.
Since NIPCO Gas Limited signed an agreement with the NNPC Gas Marketing Limited (NGML) and Lekki Free Zone…
Ijarah Sukuk Funding Awarded to Pomegranate for N2.25 billion.
Through WealthBridge Capital Partners Limited, Pomegranate Nigeria Limited (PNL) has successfully raised N2.25…
Nigeria: Serap, Others Sue Buhari Government Over Illegal Pipelines, Oil Theft.
The government of President Muhammadu Buhari is being sued by the Socio-Economic Rights and Accountability Project…
The Contribution of Telecommunications to Nigeria GDP rises by 10%.
Telecommunications' contributions to the nation's real GDP increased 10.52 percent year on year, reaching N7.28…
Indirect Taxes Worth N2 trillion Paid in Nine Months.
The tax burden on Nigerians grew by N285.13 billion in the first nine months of 2022 despite a recession and…
Emefiele: Nigeria’s Rising Inflation Is Consistent With Global Trend.
The continuous rise in headline inflation from 15.60% in January to 20. 77% in September, according to Godwin…