According to NBS, Discos made N480 billion in Six Months.
According to the National Bureau of Statistics' latest Electricity Report for the first quarter of 2023, despite a!-->…
NMDPRA Permits Six Enterprises to Import Petrol.
Six companies have been granted licenses by the industry regulator, the Nigeria Mainstream and Downstream!-->…
Convergence of Currency Rates through FX Reforms.
Within one week of their implementation, the current FX reforms at the Central Bank of Nigeria (CBN) led to a!-->…
78 Initiatives are Prioritized by the FG to Change the Food System.
The Federal Government has identified 78 priority measures that, when completed, will overhaul the entire food!-->…
Dollar Trades at A Discount Against Naira in Black Market.
The naira is trading higher on the black market for the first time since 2015, exactly one week after the Central!-->…
FG and Others Share N2.84 trillion in FAAC.
In the first four months of this year (January to April), the Federal Government (FG), 36 States, and 774 Local!-->…
Food Export Rejection: Nigeria Sets Up Quality Center, Attempts To Reverse N539…
In December 2022, Prof. Benedict Oramah, the chairman of the African Export-Import Bank (Afrixembank), revealed!-->…
Leading Imports Include Wheat, Sugar, and Petroleum Goods.
Despite the limited access to petroleum products that Nigerians had in the first quarter of 2023 (Q1'23), With a!-->…
FGN Bonds’ Value Decreased by 93.2% to N183 billion.
In comparison to the same period in 2022, the value of listed Federal Government of Nigeria bonds on the Nigerian!-->…
States start the process of establishing utility commissioners under the…
There are significant signs that the state governments, which are considered to be federating units under the!-->…
Removal of Subsidies: NEITI Investigates Gasoline Usage Data.
Despite the criticism to the action, the Federal Government shouldn't reverse its decision to end subsidies on!-->…
Nigeria’s Exports Increase to N42 trillion as a Result of the Naira’s…
After the Central Bank of Nigeria floated the naira, the value of Nigeria's exports might increase to at least!-->…
UK to Lower Import Taxes on Nigerian Goods.
The UK has stated that it is prepared to lower tariffs on goods coming from Nigeria and other emerging nations.!-->…
Operators Attribute Airfare Increase to Currency Fluctuations and a Shortage of…
The recent increase in airfares was caused by a paucity of foreign currency and aviation fuel, according to the!-->…
Eze, a YC-backed Wholesale Electronics Marketplace, Raises $3.7 million.
Eze, a B2B electronic goods marketplace, raises $3.7 million. Right Side Capital Management headed the investment!-->…
Trella’s Logistics Startup is Supported by Avanz Capital Egypt with $3.5…
To aid in the expansion of the Egyptian logistics sector, private equity firm Avanz Capital Egypt has invested!-->…
PE Fund with a Focus on Zambia Closes its First Close at $40 million.
In a historic financing for a Zambian private equity firm, Monter Capital Partners in Port Louis successfully!-->…
French Company Schneider Transfers Kenya Operations.
French energy company Schneider Electric Kenya will discontinue its manufacturing activities there, indicating!-->…
Report: Upcoming Months are Projected to See an Increase in Ghana’s…
Over the following two months, it is expected that Ghana's inflation rate will increase. This is mostly caused by!-->…
Shane Harris is Appointed Chairman/MD of ExxonMobil Nigeria.
In Nigeria, Esso Exploration and Production Nigeria Limited, Mobil Producing Nigeria Unlimited, have appointed!-->…
Airtel’s Network Launch has Increased Access to 5G.
In Nigeria, access to fifth-generation technology (5G) is expanding significantly, especially since Airtel Nigeria!-->…
UK Lowers Tariffs on Goods from Nigeria and Other Countries.
In order to save businesses and consumers millions of pounds annually, the United Kingdom (UK) stated that it has!-->…
As Billing Revenues Reach N842 billion in a Year, Discos’ Collection…
According to the most recent data made available by the Nigerian electrical Regulatory Commission (NERC), the!-->…
FG Begins Enforcing the Data Privacy Law, Banks, telcos, and others will Face…
Banks, telecommunications corporations, and other organizations might face fines of up to 2% of their annual!-->…
At the Official Market, Naira Drops to 770.38/$.
After ending Monday's trading in the investor & exporter FX market at 770.38/$, the naira fell even further!-->…
Nigerians Protest the 7.5% VAT the FG Imposed on Diesel.
The payment of the 7.5% Value Added Tax on Automotive Gas Oil, also known as diesel, was officially announced by!-->…
Ofori-Atta: The Government will get $6.2 billion from Multilateral Partners.
The government anticipates receiving around $6.2 billion from its multilateral partners between 2023 and 2026,!-->…
Request for a Sh2.8 billion debt write-off led Equity to sue TransCentury.
TransCentury Plc was placed under administration after Equity Bank Kenya turned down a request to cancel more than!-->…
Shareholders Approve an Additional N1.5 Billion Capital Infusion for TrustBanc
According to a statement from TrustBanc Holdings Limited, the extra N1.5 billion capital injection into TrustBanc!-->…
Capital Market: By Q3 2023, ASEA will Launch AELP Phase II.
The second phase of the African Exchanges Linkage Project (AELP), which was successfully launched in phase one, is!-->…