Arbitrary Increases in Petrol Prices Seen in Some Nigerian States – NBS
Several states in Nigeria are facing arbitrary increases in the pump price of petrol beyond the official!-->…
Nigeria Could Make up to $17 Billion by Selling Stake in Oil and Gas Assets…
According to a report by JP Morgan, the Nigerian government could raise up to $17 billion if it sells down its!-->…
China Cuts One-Year Lending Rate, But Surprises by Keeping Five-Year Rate…
China has taken steps to stimulate credit demand by reducing its one-year benchmark lending rate, lowering it by!-->…
Oil Prices Rise on Tightening Supply Amid Global Demand Concerns
Oil prices increased on Monday due to tightening global supply resulting from lower exports by major oil-producing!-->…
Kenyan Banks Oppose Government Plan to Raise Threshold for Reporting Large Cash…
Kenyan commercial banks have expressed opposition to a government plan to increase the threshold for reporting!-->…
Founders Factory Africa Raises $114 Million to Scale Its Impact in African Tech…
Founders Factory Africa (FFA), a South African early-stage accelerator and investor, has secured $114 million in!-->…
RMB Corvest and Umoya Capital Partners Acquire Stake in Sants Private Higher…
RMB Corvest and Umoya Capital Partners have jointly acquired a significant minority stake in Sants Private Higher!-->…
AFC Invests in East Africa’s Oil and Gas Downstream Player for More…
Africa Finance Corporation (AFC), a prominent infrastructure solutions provider in Africa, has announced its!-->…
Ghana Faces Rising Interest Rates on Government Securities Amid Debt Restructuring…
Ghana has experienced a rise in interest rates on government securities, with the interest on the 91-day treasury!-->…
Kenya Reports Slowest Growth in VAT Collections in 10 Years
Kenya has experienced the slowest growth in collections from value-added tax (VAT) in a decade, attributed to!-->…
ECOWAS Rejects Niger’s Proposed Three-Year Transition Plan by Military Junta
The Economic Community of West African States (ECOWAS) has declined to accept a proposed three-year power!-->…
NEPC Launches Youth-for-Export Program to Harness Youths’ Export Potential
The Nigerian Export Promotion Council (NEPC) has introduced a youth-for-export program aimed at involving young!-->…
CBN Disburses N37.6 Billion in Loans to Mortgage Banks in 2022
The Central Bank of Nigeria (CBN) has provided loans and advances totaling N37.6 billion to mortgage banks in!-->…
Experts Call for Widening Tax Net to Boost Nigeria’s Revenue Base
Amid Nigeria's challenges in income generation, experts have emphasized the need for the Federal Government to!-->…
Employees Joining Contributory Pension Scheme Boost Assets to N16.76 Trillion
The National Pension Commission (PenCom) has reported that the assets of the Contributory Pension Scheme (CPS)!-->…
Petroleum Traders May Benefit from Falling Oil Prices and Strengthening Naira
Major petroleum product traders and independent traders could potentially experience relief from rising gasoline!-->…
Nigeria’s Central Bank Introduces Forex Price Verification System
The Central Bank of Nigeria (CBN) has launched a Foreign Exchange Price Verification System aimed at facilitating!-->…
Kenya Commercial Banks Raise Base Lending Rates for Seventh Consecutive Month
Kenyan commercial banks have increased their base lending rates for the seventh consecutive month, reaching 13.31!-->…
Kenya: High Court Suspends Exclusive Macadamia Nut Export Rights Pending Case…
The High Court has issued a suspension on the Kenyan government's decision to grant exclusive export rights for!-->…
BOST Records Profits for Second Consecutive Year, Marks Turnaround
The Bulk Oil Storage and Transportation Limited Company (BOST) has reported a profit after tax of GH¢342 million!-->…
Auditor-General Raises Concerns Over Non-Performing Investments in NSSF
The Auditor-General has flagged non-performing investments totaling Sh630.3 million in the National Social!-->…
NDIC Trains Law Enforcement Operatives to Probe Revoked MfBs and PMBs
The Nigeria Deposit Insurance Corporation (NDIC) has organized a workshop to train law enforcement operatives and!-->…
Coronation Insurance Delays Shareholders’ Meeting for NGX Delisting…
The planned shareholders' meeting of Coronation Insurance Plc, which was ordered by the court and aimed at!-->…
CBN’s Efforts Bring Hope for Resolution of Telcos’ USSD Debt Dispute
After a prolonged dispute between Mobile Network Operators (MNOs) and Deposit Money Banks (DMBs) over unpaid debts!-->…
Africa’s Marine and Coastal Tourism Sector Poised for $100 Billion…
Africa holds a significant economic opportunity within its grasp, owning approximately one-third of the world's!-->…
Transcorp Group: A Driving Force for Nigeria’s Energy Transformation
Transcorp Group, under the leadership of Chairman Tony Elumelu, is emerging as a pivotal force in propelling!-->…
Seplat Energy Clarifies Ownership Amidst Oil Rig Incident Controversy
Seplat Energy, an independent oil producer, has responded to controversies surrounding the ownership of the!-->…
Naira Strengthens Against Dollar Following CBN’s Forex Market Intervention
The Nigerian naira demonstrated strength against the US dollar, closing at 740.67/$ on the Investor & Exporter!-->…
Nigeria Ready to Join Second Phase of AfCFTA’s Guided Trade Initiative
Nigeria's participation in the second phase of the Guided Trade Initiative (GTI) under the African Continental!-->…
Central Bank of Nigeria Launches Price Verification System to Enhance Trade…
The Central Bank of Nigeria (CBN) has officially launched its Price Verification System (PVS) portal, which will!-->…