Africa’s LNG Export to be Driven by Nigeria, Algeria, and Egypt.
NIGERIA, Algeria and Egypt, have been tipped to drive Africa’s Liquefied Natural Gas, LNG, export in the short term. More…
Category: Market
NNPCL Signs MoU with Companies in Ghana and Gambia.
The Nigerian National Petroleum Company Limited has signed five memorandums of understanding regarding the Nigeria-Morocco Gas Pipeline Project with the…
The UK is Completing its Plans to Regulate the Cryptocurrency Industry.
According to the Financial Times, the British Treasury is putting the finishing touches on plans for a package of regulations…
UK’s FTSE 100 Increases as Fed Policy Cues are Highlighted.
Amid cautious investor sentiment ahead of the Federal Reserve Chair’s speech in search of hints about the trajectory of the…
Ghana’s Debt Restructuring: Eurobond Holders Face Possible 30% Cut.
As the government pursues a debt exchange program to meet the requirements for a loan from the International Monetary Fund,…
Registrars for Capital Markets Demand Proper Identity Management.
To encourage investment in Nigeria’s capital market, the Institute of Capital Market Registrars has called for proper identity management. This…
Bitfront, a Cryptocurrency Exchange, has Shut Down.
Despite efforts to overcome challenges in the rapidly evolving industry, Bitfront, a U.S. Crypto exchange backed by Japanese social media…
Trade Volume Between the UK and Nigeria Hits £5.5bn.
At the eighth and final UK-Nigeria Economic Development Forum, both parties reaffirmed their shared interest in pursuing a prospective Enhanced…
Exclusive: Exxon will leave Equatorial Guinea amid the Phase-out of Crude in Africa.
Exxon Mobil Corp (XOM. N) will cease oil production in Equatorial Guinea after its license expires in 2026 and depart…
Nigerian Crude Oil Sales Generate Zero Dollars for the CBN, according to Emefiele
From almost US$3.0 billion per month in 2014 to zero dollars now, Nigeria’s official foreign exchange receipts from crude oil…
Equity Recovers 90pc of Covid Restructured Loans.
In order to demonstrate the sustained recovery of the economy despite additional shocks from high inflation, Equity Bank’s debtors who…
FG Calls for Closer Ties with Canada to Advance both Countries’ Trade Objectives.
According to the Federal Government, Nigeria and Canada must collaborate closely to accomplish a number of shared objectives, including enhancing…
Interest Rates for Borrowers will Increase at Equity Bank starting in January – Kenya.
In January 2023, Equity Group intends to completely begin pricing loans according on the risk profiles of borrowers. Noting the…
Kenya Treasury to Issue New Bonds in Exchange for the Sh87 billion Debt.
To avert a cash shortage early in the new year, the Treasury is trying to convert Sh87. 8 billion worth…
Excess Crude Account Decreases by 89% to $472,513.
In the previous eight years, Nigeria’s surplus crude account has decreased by 89%, from $4. 1 billion in November 2014…
Fed Insiders Anticipate Small Rate Increases to Occur Soon.
The Federal Open Market Committee, which sets interest rates, is largely expected to reduce its rate hike in December from…
Buhari Unveils New Naira Notes at Aso Rock.
The new naira notes in the denominations of N200, N500, and N1,000 were introduced by the President, Major General Muhammadu…
Naira Redesign: CBN Receives Old Notes Worth N165 billion.
Before the Federal Executive Council meeting started, November 23, President Muhammadu Buhari introduced the freshly designed N200, N500, and N1000.…
Revised Capital Market Master Plan will be Unveiled by the Finance Minister.
The Revised Capital Market Master Plan, which is anticipated to serve as the roadmap for the capital market over the…
According to the ILO, Global Unemployment is Worsening.
According to the latest edition of the International Labour Organization Monitor on the World of Work, unemployment and inequality will…
Oil Increases as Saudi Comments overcome Economic Worries.
Oil increased as the top exporter Saudi Arabia indicated OPEC+ was continuing to output curbs and might take more measures…
Inspired Evolution wins AfDB commitment for Fund III.
The African Development Bank Group’s Board of Directors today approved a $20 million equity investment in Evolution Fund III, a…
Helios Invests in Many Data Centres Across Africa and Hires a New MD.
For an unknown price, Helios Investment Partners (Helios) has entered into agreements to purchase the majority shares in Maroc Datacenter…
The World Population will Surpass 8billion, with India Surpassing China.
World Population Prospects 2022, published on World Population Day, estimates that the world’s population would reach 8 billion people on…
Kenyan Businessmen Pay Exorbitant Prices for Ethiopian Miraa for the Somalia Market.
As high prices in Kenya drive them to give up the local crop, Miraa dealers have moved to Ethiopia as…
Uganda Shilling Increases as Oil Prices Decline.
The rise in the import bill brought on by a significant increase in oil imports and the high cost 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…
FG Charges 16 Foreigners with Oil Theft and Detains the Vessel.
16 foreigners have been charged by a Federal High Court in Port Harcourt, Rivers State, with offenses that include conspiracy,…
Egyptian Fintech Equity and Financing Round Led by EIIC and Sawari
The Egyptian finance firm, Blnk, formed in 2021 by Amr Sultan and Tarek Elsheikh, has revealed that it has earned…