Nigerian Reps Hinder A Planned $1 billion Oil Asset Auction.
The House of Representatives has requested that the Federal Government halt the planned $250 million auction of…
Somalia Denies Genel Energy’s ‘Illegal Claim’ to Oil Permits.
According to Somalia's oil ministry, the country rejected Genel Energy's (GENL. L) "illegal claim" to oil…
Nigeria’s Senate Approves The 2023 Budget but Defers a Decision On The…
The Nigerian Senate raised the budget for 2023 by 6. 4% to 21. 83 trillion naira ($49 billion) and postponed a…
Get Ready, The Lagos Blue Rail Line is Here.
Lagosians who live along the Lagos-Badagry Expressway and beyond are thrilled by the prospects that the first…
Emefiele Should Defend Himself, Group Says Regarding Terrorism Financing.
The South South Reawakening Group (SSRG) demanded that the Central Bank of Nigeria (CBN) Governor, Mr. Godwin…
Afreximbank’s FEDA Purchases A Stake In Geregu Power Plc To Boost The Power…
The Fund for Export Development in Africa (FEDA) of the African Export-Import Bank (Afreximbank) has announced…
U.S. Looks Into $370 million Theft Following FTX Bankruptcy: Bloomberg News.
According to Bloomberg News, which cited a source familiar with the investigation, federal authorities are looking…
CBN: Banks’ Annual Loans To Businesses Reached N6.69 Trillion.
The Central Bank of Nigeria (CBN) recently reported that the amount of additional cash deposits that banks had…
Nigeria: Workers and Businesses can Dispute Tax Burdens.
Taxpayers have the right to appeal and protest tax obligations imposed on them by any government, according to a…
In 2023, German Corporations Intend to Invest more in Africa.
43% of German companies anticipate increasing their investments in Africa in the upcoming year, particularly in…
Passport Issuance Generate N438 billion for Nigeria Immigration.
The Nigeria Immigration Service has earned N438.78 billion in income since 2017. This occurred when the agency's…
UN: Nigerians are being Impacted by Falling Naira and Rising Food Prices.
According to a report by the United Nations Conference on Trade and Development, a combination of high food costs…
Domestic Airfares are Up 97%, According to NBS
According to the National Bureau of Statistics' most recent data, which was released, the average price of a plane…
World Bank Advises CBN to Review the RT-200 FX Policy.
Despite its best efforts, the World Bank has requested the Central Bank to reevaluate its RT-200 Program.The…
6,047 BVNs Are Being Monitored by CBN for Possible Fraudulent Transactions.
The Central Bank of Nigeria has placed at least 6,047 Bank Verification Numbers of bank clients on a watch list…
Fuel: Three more Cities will Receive Mass Supplies in January After Lagos.
Mass supplies of Premium Motor Spirit, often known as gasoline, will start to be distributed in Lagos, Calabar,…
Pension Funds will not be Included in Ghana’s Domestic Debt Restructuring.
According to a letter signed by the finance and labor ministers, as well as an alliance of trade unions, Ghana…
IMF Advocates for Stricter Crypto Legislation.
The International Monetary Fund has advocated for tighter regulation of crypto markets in Africa in light of the…
Shell will Pay 15 million Euros to Resolve the Nigerian Oil Disasters.
Shell (SHEL.L) will pay 15 million euros ($15. 9 million) to communities in Nigeria that were affected by multiple…
Nigeria: SEC Begins Annual Registration of Market Operators.
The Securities and Exchange Commission, Nigeria's top capital market regulator, has announced the beginning of an…
World Bank Grants $311 million for West Africa’s Renewable Energy.
The World Bank has granted $311 million in International Development Association financing to improve West…
Nigeria Failed to Reduce Poverty in 2022, According to W’Bank
The World Bank Group has said that the estimated per capita income growth of 0. 7 per cent for Nigeria and the…
The UK Economy Slumped more than Initially Estimated.
According to the Office for National Statistics (ONS), business investment performed worse than anticipated,…
Yen is in Demand as Dollar Declines and Risk Sentiment Increases.
Due to the risk-on environment, the U.S. Dollar declined, but the Japanese yen was still in demand following the…
Kenya: Major Income Losses Affect 50% of Border Populations.
The ability of more than half of those residing near the Kenyan border and in other African countries to meet…
Kenya’s Producer Inflation Hits Highest Points Since 2019.
The Producer Price Index (PPI), which measures the cost of manufacturing, reached 16.53 percent in June before…
Tesla to Freeze Hiring and Lay Off Employees First Quarter of 2023.
There will be further layoffs at electric vehicle manufacturer Tesla Inc (TSLA.O) in the upcoming quarter.…
Tanzania: NBC Bond Trades at DSE Following a Successful Sale.
The National Bank of Commerce (NBC) bond, which was recently completed, is now open to investors through the Dar…
Ghana’s Economy Grows Slowly in the Third Quarter.
According to preliminary data from the Ghana Statistical Service (GSS), the economy grew 2. 9% less slowly between…
Kenya Campaigns for an Import Ban on Radioactive Waste.
In accordance with a continental agreement to prevent Africa's borders from becoming a dumping ground for foreign…