Oil Rises as Expectations of Increased Demand from China Counter Recessionary…
Oil prices increased after dropping by more than $2 a barrel in the previous session as hopes for the Chinese…
Nigeria FG Starts 11 Power Projects and Plans to Generate 3,750MW.
Four hydropower projects with a combined capacity to add 110 megawatts of electricity to the national grid were…
Government Defers Debt Payments while Conducting Consultations.
The government has temporarily stopped paying a number of foreign debts to organizations that have extended loans…
Gold Surpasses $1,800 Due to a BOJ Policy Change.
Gold prices increased 1% to over $1,800 as the dollar fell following the Bank of Japan's unexpected policy change…
NBS: In Q3, 2022, Nigeria FG Generated N625 billion in VAT.
In the third quarter of 2022, the federal government collected over N625.39 billion in Value Added Tax (VAT).
…
African Opposition Prevent the U.N. Global Nature Deal from Passing.
A historic worldwide agreement to safeguard the environment and channel billions of dollars toward conservation…
The Total Assets of the Insurance Sector Reached N2.3 trillion.
At the end of the third quarter of 2022, the insurance industry in Nigeria had N2. 3 trillion in total assets.…
Ghana Dollar Bonds Fell Following the Government’s Announcement to Halt Debt…
After the government declared, it will stop making payments on Eurobonds, foreign commercial loans, and some…
Bitcoin Gains close to $16,800.
In the midst of tense trading activity on the cryptocurrency market, the price of Bitcoin (BTCUSD) increases…
NGX Technology Board Listing Rules are Approved by the SEC.
The Securities and Exchange Commission (SEC) authorized the Rules for Listing on the NGX Technology Board on…
As Interest Rates Rise, Nigerians are Borrowing Less, According to the CBN.
According to Central Bank of Nigeria (CBN) records, the amount of outstanding consumer credit in Nigeria decreased…
Shareholders of MTN Agree to Cancel 7.5 billion Shares.
The shareholders of MTN Nigeria Plc have authorized the cancellation of 7. 5 billion unissued shares in order to…
Nigeria Partners with Global Tech Firms to Promote Digital Economy.
Isa Pantami, Nigeria's Minister of Communications and Digital Economy, met with American representatives of…
After Weeks of Negotiations, EU Nations Agree on a Gas Price Cap.
The energy ministers of the European Union approved a gas price cap. The price ceiling was set at 180 euros per…
China’s Capital has Seen a Gradual Increase in COVID-19 Surge.
The number of fatalities from the most recent COVID-19 outbreak in Beijing, China, has gradually increased as…
King Charles Banknotes’ First Images have been made Public.
The Bank of England has unveiled the new design for banknotes that feature the image of King Charles.
The only…
Oil Increases on Anticipation for China’s Economy.
Oil prices increased as hopes that China would relax its Covid-19 restrictions outweighed worries that a global…
U.S. Plans to Invest $170 million in African Exports.
The U.S. Government program, Prosper Africa, which aims to increase bilateral trade and investment between the US…
Banks Record the Serial Numbers Provided to Consumers when Using New Naira Notes.
In order to prevent counterfeiting, the Central Bank of Nigeria (CBN) has ordered banks to record the serial…
Ghana Declares a Suspension of its Repayment of its External Debt.
In light of the greatest economic crisis in a century, Ghana's finance ministry announced that it was halting debt…
According to the UK, Nigeria will Lose 25% of its Arable Land.
According to the United Kingdom, the consequences of climate change will prevent Nigerians from cultivating on…
According to Bank CEO, Digital Banking can Promote Financial Inclusion.
Ademola Adebise, Managing Director/Chief Executive Officer of Wema Bank Plc, has stated that the development of…
Banks Reject 94% of Proposals for Export Funding.
Dr. Bamidele Ayemibo, the lead consultant at 3T Impex Consulting, claims that 94% of bank requests for export…
Dangote Reiterates His Dedication to the Industrialization of Africa.
According to Dangote Group, their goal is to lead Africa's industrialization. Aliyu Da'u Aliyu, a representative…
Nigeria FG Aims to Increase Rice Exports – Agriculturist
In order to guarantee a surplus of rice production for export, food security, and job creation, the federal…
Oil Revenue Increases by N308.6 billion.
Due to coordinated efforts by the Nigerian National Petroleum Company Limited and security agencies to stop oil…
World Bank: 80 million Nigerians could Lose their Jobs by 2030.
According to the World Bank, if Nigeria doesn't increase its employment rate, 80 million people of working age…
Nigeria’s Foreign Portfolio Shows a $2.08 billion Deficit.
In spite of a challenging economic climate marked by currency issues and a decline in investor confidence,…
Imports of Raw Materials Decline 22.36% to N1.88 trillion.
Manufacturers imported raw materials totaling N1. 88 billion between January and September 2022, according to the…
Dollar Declines as Demand for the Yen Rises.
The yen was in demand as the U.S. Dollar declined in European trade as a result of a report that the Japanese…