The CBN Lends N9.3trillion To Businesses While Reducing Interference.
The Central Bank of Nigeria has lent N9.3tn to businesses, recovering N3.7tn from it.The apex bank said N5tn was…
Northeastern Angola Finds 131-Carat Diamond.
Another gem, a 131 carat white Type IIa diamond, has been recovered, according to Lucapa Diamond and Sociedade.…
Core Capital goods shipments and orders increased in the United States in August.
According to the data, company spending on equipment likely increased in the third quarter, allaying concerns that…
Nigerian Bank Stocks With The Lowest Price-Earnings.
According to data gathered by Bloomberg, United Bank for Africa Plc, Access Bank Plc, FBN Holdings Plc; and Unity…
Egypt’s Economy Suffers From A Dollar Shortage As Imports Are Restricted.
Egypt's economic problems have worsened due to the conflict in Ukraine. Unfortunately for individuals who had…
Emefiele Asserts That There Is No Law Requiring CBN To Give Dollars To Foreign…
Foreign airlines' funds stranded in Nigeria, according to the International Air Transportation Association (IATA),…
Kenya Will Stop Using Diesel and Gasoline Trucks and Adopt Green Transportation.
Kenya Power plans to buy additional electric vehicles, including two-wheelers and three-wheelers; in the near…
Guinness Nigeria Increases Shareholder Returns By Stepping Up Its Expansion Plan.
About 11 years ago, the parent company of Guinness Nigeria, Diageo Plc invested over N52 billion in capacity…
Experts Criticize CBN for Raising Interest Rates To Combat Inflation.
Inflation is already out of control, reaching a 17-year high in August of 20. 52 percent, stifling the parallel…
Nigeria Pledged To Promote Environmentally Friendly Shipping – FG.
The Federal Government of Nigeria has stated that Nigeria is committed to developing greener shipping; in line…
CBN Increases MPR To 15.5% In A Determined Effort To Control Inflation.
The Monetary Policy Rate (MPR), known as the interest rate, was increased by 150 basis points from 14 to 15. 5…
In Terms of African Pension Asset Growth, Nigeria Came In Fifth.
According to a recent report by the Organization for Economic Co-operation and Development, Nigeria has the fifth…
The Eurozone’s Economic Growth May Come To A Halt.
According to the deputy president of the European Central Bank (ECB); economic growth in the Eurozone has slowed…
Fears of Sabotage Are Stoked By Gas Leaks In Russian Pipelines To Europe.
The prime ministers of Poland and Denmark both accused the other of sabotage but did not provide any supporting…
Impact of Governance, Social Issues, and The Environment On Ghanas Banking Sector.
The pandemic brought to light the fragmented nature of our business dealings and the significance of adopting ESG;…
FTX Will Purchase The Assets of Insolvent Voyager.
Crypto exchange FTX, whose bailout proposal the bankrupt institution had earlier this year been rejected, has won…
NNPC Recorded 8million Barrels of Oil Production Losses In July.
According to the Nigerian National Petroleum Company (NNPC) Limited; output losses at crude oil terminals totaled…
Sterling Falls To A Historic Low Versus The US Dollar.
As a result of the markets' response to the UK's largest tax cuts in 50 years, the pound has reached a record low…
How Nigeria’s Real Estate Sector Is Fueled by Land Banking.
The real estate industry is just one of the many areas of human endeavor where various forms of banking are…
4 Coins That Might Become Bullish if The Price of Bitcoin Stabilizes.
In the previous six weeks, the major U.S. stock market indices had their fifth weekly closing. Even though Bitcoin…
Energy Monopolies Now Control The LNG Shipping Market Due To The Gas Crisis.
Since 2011, the size of the global LNG industry has more than doubled; bringing in dozens of new firms and…
Tanzania intends to purchase a freight plane.
With intentions to use Kilimanjaro International Airport (KIA) as a key airport for cargo landing; the Tanzanian…
Uganda’s Exports Primarily Go To Kenya and South Sudan.
Data from the Ministry of Finance show that Uganda exported more commodities to Kenya and South Sudan in August…
Ghana Saved $300million On Energy Programme.
In 2021, the government avoided giving utilities in the energy industry $300 million in credit.
The credit…
Oil Drops To $86 Per Barrel.
When compared to the number of operational rigs in July 2022, statistics from the September 2022 Oil Market Report…
Air Canada Purchases Aircraft From Heart Aerospace In An Effort To Combat Climate…
As more airlines adopt cutting-edge technologies to save pollution and fuel costs, Air Canada (AC. TO) announced…
Interest Rates Will Rise, According To MPC Analysts
Since September 2020, the Monetary Policy Rate (MPR) has remained at 11.5 percent. In order to increase access to…
PenCom Approves Using The RSA Balance For A Mortgage.
The Nigerian Pension Commission (PenCom) has declared that pension contributors who are currently employed are now…
According To AfDB, Nigeria Needs Assistance To Reduce Its Debt Burden.
Economic and financial experts have expressed grave concerns about Nigeria's soaring debt load; which has posed a…
Buhari Claims That The Nigerian Economy Is Ready For Further Investment.
Buhari praised the Nigerian military for making great strides in the battle against insecurity; and for generating…