Nigeria: FG to convert 200,000 vehicles
The Federal Government on Monday met with oil marketers in the downstream sector for the conversion of 200,000 commercial vehicles…
Category: Local
Tencent fires 70 people and blacklists 13 firms in anti-fraud campaign
Chinese internet giant Tencent fired 70 people and blacklisted 13 firms last year as part of an anti-graft campaign. Tencent…
Australian inflation surges in Q4, market bays for rate hikes
Australia’s core inflation flew to its fastest annual pace since 2014 in the December quarter as fuel and housing costs…
Nigeria: Truck Owners Threaten To Sue NPA Over ‘Extortion’
Truck owners under the aegis of the Council of Maritime Transport Unions and Associations (COMTUA) have threatened to sue the…
Nigeria Record N74.51bn Oil Revenue Lost In December
A new monthly report of the Organization of the Petroleum Exporting Countries has shown a plunge in Nigeria’s crude oil…
Poa Internet wraps up Africa50-led equity financing round
In 2020, Africa50, an infrastructure financier backed by the Africa Development Bank (AfDB) Group and a good number of African…
Nigeria’s Recorded $55.5bn Forex Inflow In Seven Months
The country recorded a foreign exchange inflow of $55.5bn in seven months, data obtained from the Central Bank of Nigeria…
Afreximbank Pan-African Payment And Settlement System (PAPSS) Explained
On the 28th of September, 2021, the Afreximbank in conjunction with the African Continental Free Trade Area (AfCFTA) secretariat officially…
Dangote Refinery And Fertiliser Projects To Kick Off Before September
Alhaji Aliko Dangote, President of Dangote Group, says the Dangote Refinery and Fertiliser projects will come on stream before the…
Nigerian Breweries List Additional Shares
Additional 78,929,849 ordinary shares of 50 kobo each of Nigerian Breweries Plc (Nigerian Breweries or the Company) were today, Monday,…
Adiwale takes minority stake in West Africa drilling services company
Adiwale Partners, a private equity firm focused on Francophone West Africa, picked up a minority stake in Maintenance Climatisation Technique…
Nigeria: Eko Electricity Distribution Company Appoints New Chairman
The Eko Electricity Distribution Company (EKEDC) has announced the appointment of Oritsedere Otubu as its new Chairman, to consolidate on…
QED Investors Hires Two Investment Professionals To Boost Africa Plans
QED an investment firm based in Alexandra, Virginia in the United States of America announced that it has recruited two…
Nigeria Stock Exchange Investors Gain N840bn In A Week
Investors in the Nigerian stock market saw the worth of their shares rise by N840bn last week as 47 firms…
World Bank And African Development Bank Approved The Sum Of $2.83Bn To Nigeria In 2021
The World Bank and the African Development Bank approved a total sum of $2.83bn to Nigeria in 2021, It has…
CBN Place Telecommunication Sector On Forex Priority List
The deployment of fifth generation technology has got a boost from the Federal Government. Federal government through the Central Bank…
Nigeria: Dangote Record $1.3 Billion Fortune Boost
Aliko Dangote recorded a boost of as much as $1.3 billion in his fortune in the year to January 21,…
File tax returns before Jan 31 or risk sanctions, orders Lagos
The Lagos State Internal Revenue Service has given firms based in the state till January 31, 2022, to file their…
Nigeria’s import bill rose to $8.92bn in nine months – Report
Nigeria’s total import bill for jan-sep 2021 rose to $8.92bn from $4.29bn in the same period of 2020. Dr Biodun…
MTN Awaits SEC Approval To Announce Offer Result, Share Allotments
MTN Nigeria Plc said it is waiting for approval from Securities and Exchange companies SEC to announce the offer result…
Foreign direct investment Into Africa Grew By 147 Percent In 2021
Foreign direct investment (FDI) into Africa showed a strong rebound in growth of 147 percent to an estimated $97 billion…
FG urges private sector to maximise AfCFTA
The Federal Government has called on the Nigerian private sector to maximize the African Continental Free Trade Agreement. The Minister…
IMF set to launch $50bn lifeline for Nigeria, others
The International Monetary Fund is set to launch a $50bn trust fund for low-income and vulnerable middle-income countries. The initiative…
DMO Record N139 Billion Oversubscribed Jan 2022 FGN Bond
Nigeria’s Federal Government bond issuance for the month of January 2021, by the Debt Management Office (DMO) recorded an oversubscription…
Import And Export Operations Requires E-Invoice- CBN
The Central Bank of Nigeria has said that all import and export operations will require the submission of an electronic…
Nigeria:OMLs Awarded To Addax Petroleum Has Been Revoked
The Federal Government has revoked oil mining licences awarded to Chinese firm, Addax Petroleum, for the second time in less…
U.S. Senate Panel To Debate App Store Reform Bill
A U.S. Senate panel is set on Thursday to debate a bill that aims to rein in app stores of…
Nigerian Tech Startup, Touch And Pay, Joins The W22 Y Combinator Accelerator Programme
Touch and Pay (TAP), a cowry card payment system, has now been listed in the W22 Y Combinator batch, bringing…
Capital Market Rose By N248 Billion
The dominance of the bulls continued unabated for the third consecutive session, yesterday, as almost all the blue chip stocks…
Nigeria: Federal Inland Revenue Service To Prioritize Taxation Of Digital Economy
The Federal Inland Revenue Service (FIRS) said it would give priority to the taxation of the digital economy this year.…