Nigeria To Pay $4bln In 2023 If Lawmakers Reject Loan-bond Swap.
President Muhammadu Buhari stated that if parliament rejects a request for a loan-to-bond swap on the central…
Nigerian President to Commission the Blue Line Rail Services.
The Nation has learned that President Muhammadu Buhari has agreed to officially open the Lagos Blue Rail on…
IMF: One-third of The Global Economy will Experience A Recession.
In 2023, a third of the world will experience a recession, according to the International Monetary Fund. This…
Trade Union Congress of Nigeria Demands N180/litre Fuel.
The Federal Government has been urged by the Trade Union Congress of Nigeria to make gasoline available at the…
Mobile Subscriptions Increase by 23 million, Reaching 218 million.
According to the Nigerian Communication Commission's most recent industry figures, the number of mobile…
CBN External Reserves Decreased by $3.43 billion in 2022.
The Central Bank of Nigeria provided data showing a $3.43 billion decline in Nigeria's foreign reserves in 2022.…
Nigeria: Power Generation Declines by 990MW, Costing Gencos N1.8 trillion.
According to the most recent data on the energy generating trend witnessed in Abuja, the available generation…
Nigeria: Household Food Import Increases by 71%.
Despite the nation's current foreign exchange crisis, food and beverage imports for households increased by 71.12%…
NECA: Private Sector Pay Reviews are Based on Performance.
Contrary to the parameters available in the public sector, wage reviews in the private sector follow institutional…
Nigeria Presidential Panels Consume N15 billion In Five Years.
According to research by The PUNCH, between 2018 and 2022, almost N14.79 billion was set aside for presidential…
Nigerian Senators Urges CBN to Annul The COVID-19 N188 billion loan.
Nigerians were provided credit during the COVID-19 pandemic to ease the challenges brought on by loss of income…
Nigeria: Economic Group Takes on The National Assembly Over The Finance Bill.
The National Assembly hasty adoption of the 2022 Finance Bill has alarmed an economic think tank, the Centre for…
World Bank: CBN Loan Repayments will Consume 62% of Revenue.
Despite the restructuring plan, the World Bank has predicted that interest payments on the Federal Government's…
Banks Ban Naira Cards From Online And Point-of-Sale International Transactions.
The usage of Naira cards for international online and Point of Sale (PoS) transactions has been discontinued,…
The Way Of Water from Avatar Brings In $1 billion In Just 14 Days.
The worldwide box office for James Cameron's "Avatar: The Way of Water" has surpassed $1 billion.The combined $317…
A New PrEP Ring Cuts HIV Infection By 50%.
The Pre-Exposure Prophylaxis (PrEP) ring, also known as the dapivirine ring, can reduce HIV infection in women by…
Oil Expected To Post A Second Annual Gain To End Turbulent 2022.
Due to the conflict in the Ukraine, limited supply, a high dollar, and weaker demand from China, oil had a…
UK’s FTSE 100 Slips in Last Trading Session of 2022.
Despite being one of the few bright spots in a year marred by economic concerns and political unrest, the…
US President Biden Signs $1.66 trillion FY 2023 Government Funding Bill.
President Joe Biden completed what he called "a year of historic success" by signing a $1.7 trillion federal…
Gas Supply Constraints Caused a 61% Revenue Loss for Geregu Power in The Third…
The newly listed company on the Nigerian Exchange Group, Geregu Power Plc, lost N8. 2 billion, or 61 percent, of…
10,053 Projects Provide Water to 37.3 million Nigerians, According to The FG.
The Federal Government and its partners in various states established 10,053 water supply schemes and projects in…
Uganda: Ggoobi Declares That No New Taxes will be Implemented In The Upcoming…
The government has ruled out enacting new taxes or raising existing ones in the fiscal year 2023–2024. The action…
Fitch – Ghanaian Banks will Deteriorate As A Result of The Restructuring of…
When banks replace their current debt with new bonds that have lower coupons and longer tenors, according to…
Kenya: How Sh15 billion That was Frozen In 2022 Vanished.
Prior to the August election, Kenya flagged more than Sh15 billion in just three years. The High Court later froze…
Kenya’s Forex Buffer Exceeds 4 Months of Coverage on IMF Loan.
After the International Monetary Fund (IMF) disbursed Sh81. 7 billion, Kenya's foreign exchange reserves increased…
Nigeria Senate Committee Supports Coalition’s Call for N20/Litre Sugar Tax.
The National Action on Sugar Reduction Coalition (NASR) is advocating for an increase in the current tax on…
Nigeria: Lekki Port Starts Discussions On A Liquid Berth Terminal.
According to Laurence Smith, the Chief Operating Officer of Lekki Port LFTZ Enterprise Limited, discussions have…
25-year Port Master Plan will Be Completed In Q3 2023 – NPA.
According to Mohammed Bello-Koko, managing director of the Nigerian Ports Authority, the 25-year port master plans…
Old Naira Notes: The Senate Requests That The Deadline be Moved to June 30.
Following the redesign of the N200, N500, and N1,000 banknotes, the Senate unanimously urged the Central Bank of…
Nigerian Assembly Passes N21.8tn Budget.
The 2023 budget request was increased by N20.51 trillion to N21. 82 trillion by the National Assembly.…