CBN Comments on the Alleged Plan to Launch the N5000 Note.
The Central Bank of Nigeria (CBN) has stated that it has no plans for a new note, clarifying its position on the…
Ghana’s Debt Restructuring: Eurobond Holders Face Possible 30% Cut.
As the government pursues a debt exchange program to meet the requirements for a loan from the International…
CBN Approves New Rules to Combat Money Laundering.
In order to implement the provisions of the Anti-Money Laundering, Combating the Financing of Terrorism, and…
Nigeria Hopes to Stop Importing Petroleum Products in 2023.
According to Timipre Sylva, Nigeria's oil minister, the country expects to stop importing petroleum products…
Registrars for Capital Markets Demand Proper Identity Management.
To encourage investment in Nigeria's capital market, the Institute of Capital Market Registrars has called for…
RMAFC, EFCC Discover $205 million in Unremitted Funds from Oil Firms.
Through collaboration with the Economic and Financial Crimes Commission, the Revenue Mobilisation Allocation and…
CBN Reimburses Non-oil Exporters with N81 billion.
According to the Central Bank of Nigeria, non-oil export proceeds returned to Nigeria increased significantly from…
Depots Sell N220/litre, Marketers Project N350/litre Pump Price.
Given the continued scarcity of the product, Premium Motor Spirit, also known as gasoline, could reach N400 per…
Nigerian exporters were paid N81 billion by CBN.
The Center Bank of Nigeria (CBN) reported that it has given tenacious Nigerian exporters incentives totaling N81…
Taxes on Beverages will Reduce Production and Income by 40%, According to…
The Manufacturers Association of Nigeria (MAN), has warned that the Federal Government's proposed 20% Ad-Valorem…
Ghana’s’ Transport Minister Advises Freight Forwarders to Standardize…
Ghana's transport minister, has urged the freight forwarding industry to work on harmonizing and standardizing…
The Outlook for Sterling Bank’s “BBB+” Rating is Favorable.
DataPro, the Technology-Driven Credit Rating Agency, assigned Sterling Bank Plc a long-term rating of "BBB+" with…
As Climate Crisis Converge, Oil Companies look to the South African coasts as…
According to Liezl Human of GroundUp, the French energy company, TotalEnergies is getting ready to submit its…
Bitfront, a Cryptocurrency Exchange, has Shut Down.
Despite efforts to overcome challenges in the rapidly evolving industry, Bitfront, a U.S. Crypto exchange backed…
Nigeria’s Government is Relying on an Energy Transition Plan to Lift 100…
The federal government has made the fulfillment of Nigeria's Energy Transition Plan. A condition for achieving its…
Diesel Prices Increased by 215%, Gas by 70.6%, and Petrol prices by 17% in 2022.
The average retail price of Automotive Gas Oil (AGO), often known as diesel, which many Nigerian companies used to…
Trade Volume Between the UK and Nigeria Hits £5.5bn.
At the eighth and final UK-Nigeria Economic Development Forum, both parties reaffirmed their shared interest in…
As a Hydro Plant Shuts Down, the Electricity Situation in Zimbabwe will Get Worse.
After the organization in charge of managing southern Africa's largest dam ordered the halt of electricity…
Kenya’s Centum Investment H1 Pretax Loss Widens.
Kenya's Centum Investment (CTUM. NR), which reported a larger first-half loss, said it would buy back up to 10% of…
Investors Rush As the Fed Government’s N100 billion Sukuk Closes.
The offer period for the federal government's continuing sovereign Sukuk is coming to an end. Therefore, investors…
The Declining Gold Boom in Burkina Faso Threatens People’s Means of Survival
A gold mining boom in Burkina Faso over the last decade propelled Boukary Diallo from being a vendor on a market…
London Museum Returns Benin Bronzes to Nigeria.
The Horniman Museum in London has formally started the process of returning 72 Benin bronzes to Nigeria. Following…
Amazon closes its operations in India.
Amazon, a U.S. Online retailer, is closing its wholesale distribution operation in India in order to concentrate…
Exclusive: Exxon will leave Equatorial Guinea amid the Phase-out of Crude in…
Exxon Mobil Corp (XOM. N) will cease oil production in Equatorial Guinea after its license expires in 2026 and…
Dollar Crisis Earns Kenya Banks Sh52bn Amid Consumer Woes.
For the nine months ending September, commercial banks' earnings from foreign exchange trading nearly doubled due…
The Ministry of Finance disputes budget padding.
Allegations that various ministries, departments, and organizations have padded their budgets have been disputed…
Ijarah Sukuk Funding Awarded to Pomegranate for N2.25 billion.
Through WealthBridge Capital Partners Limited, Pomegranate Nigeria Limited (PNL) has successfully raised N2.25…
Lekki Free Zone Company, NNPC, and NIPCO Reach Gas Infrastructure Agreement.
Since NIPCO Gas Limited signed an agreement with the NNPC Gas Marketing Limited (NGML) and Lekki Free Zone…
90% of Telecoms’ RoW Fees are Reduced by the FCT Minister.
According to Mohammed Bello, Minister of the Federal Capital Territory, the right-of-way fee for…
Nigeria: Serap, Others Sue Buhari Government Over Illegal Pipelines, Oil Theft.
The government of President Muhammadu Buhari is being sued by the Socio-Economic Rights and Accountability Project…