FG and Oando Establish an MOU to Increase Access to Renewable Energy
In order to accelerate the deployment of sustainable renewable energy access throughout the nation, the Federal…
Ghana’s Annual Inflation Rate Increased to 42.2% in May.
Ghana's consumer inflation increased marginally from April to May, rising from 41.2% to 42.2% year over year,…
Emefiele’s Suspension: An Increase of N1.2 trillion in Market…
On Tuesday, the market capitalization of the Nigerian stock market increased significantly by 4% (N1.22 trillion)…
Uber and Bolt drivers issue a seven-day strike warning over low pay.
A planned peace conference between e-hailing companies and the drivers who use the various app-based platforms to…
IMF Advocates 5 Priority Policy Options For Nigeria Regarding Financial Inclusion.
The largest economy in Africa's largest country has five top-priority policy options for promoting financial…
Nigeria Increases Oil Production by 15.6% to 1.3 mb/d.
The Organization of Petroleum Exporting Countries, or OPEC, announced yesterday that Nigeria's oil production,…
FG Approves Two Oil Export Terminal Licenses with a $11 billion Budget.
The Federal Government granted and signed permits for the construction of two crude oil export terminals, which…
The Index of Nigerian Banking Equities Rises to a 20-year High.
Following the dismissal of central bank governor Godwin Emefiele last week, who supervised restrictive policies,…
IOC and NNPCL Report Finding Oil in OML 102.
The joint venture between TotalEnergies EP Nigeria and the Nigerian National Petroleum Company Limited has claimed…
FG Targets N124 billion from New Import Tax.
A 0.5% import tax on commodities that was proposed in Finance Bill 2023 is expected to bring in around N124.26…
Lafarge Africa Names A New CEO.
Lolu Alade-Akinyemi has been named the new CEO of Lafarge Africa, who will lead the organization's expansion…
FG to disclose ChatGPT practice code, among others.
According to the National Information Technology Development Agency, work on the Nigeria Code of Practice on the…
Shipowners start the application process for the $700 million vessel fund.
It was announced on Monday by the Nigerian Indigenous Shipowners Association of Nigeria that applications for the…
Shareholders urge banks to lower regulatory penalty.
Investors have urged financial institutions to cooperate with authorities in order to lower the fines and other…
MPs open the public hearing on the conflict and privatization measures
Two measures that are part of the terms of the Sh139 billion soft loan the National Assembly obtained from the…
Operations of Binance in Nigeria are now prohibited, according to the SEC.
The Securities and Exchange Commission (SEC) ruled that Binance's operations in Nigeria were unlawful.
Any…
Sesame exports from Nigeria show slight growth.
Sesame seed exports from Nigeria have been ranging between 140,000 and 180,000 tonnes for a while.
According to…
BUA: Increasing Cement Production in Nigeria
Obinna Chima talks on the additional $500 million that BUA Cement Plc has secured for the expansion of its…
NNPCL directs marketers regarding refunds and new prices
A new circular from the Nigerian National Petroleum Company Limited outlines the prices oil merchants will pay for…
Venture-backed Expensya purchased in a trade sale.
The Tunisian-born but Paris-based Expensya will be acquired by Medius, a Swedish business cost management company,…
Investors supporting Helium Health’s Series B include AXA IM Alts.
Helium Health, an African startup that offers healthcare providers and public health organizations…
Transform Health Fund holds its first closure under AfricInvest management.
The pan-African Transform Health Fund (THF), which is run by AfricInvest, has closed its first $50 million round…
Strategic Partnership between Bopa Moruo, RMB Ventures, and Aurex Constructors.
Aurex Constructors, RMB Ventures, and Bopa Moruo form a strategic alliance to build a stronger future.
June…
Report: Product taxes increase by 112% and cost N3 trillion.
Total product taxes in the economy increased by 112.02 percent, from N1.43 trillion in 2019 to N3.03 trillion in…
Experts: The FG’s FX Unification Policy Will Deepen the Capital Market and…
The federal government's FX unification strategy has been praised by experts in the Nigerian financial services…
Binance Operations in Nigeria have been Deemed Illegal by the SEC and the US…
In an effort to make Binance's operations in Nigeria illegal, the Securities and Exchange Commission (SEC) has…
NPA Unveils Two Tug Boats for Port Security and Trade Facilitation.
The Nigerian Ports Authority (NPA) has put two newly purchased bollard pull tug boats into service in an effort to…
Savannah Energy Reports a 26% Revenue Increase to $290.4 million.
Savannah unveiled its first renewable energy project, a 250 MW wind farm in Niger called Parc Eolien de la Tarka,…
Banks Continue to Maintain Ratio at Above 30% Despite Liquidity Crunch.
Deposit Money Banks (DMBs) operating in Nigeria reported varied Liquidity Ratio (LR) over the statutory level in…
Nigeria at Geneva for the International Labor Conference, along with others.
Participants from Nigeria's three tripartite systems of government, employers' organization, and organized labor…