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…
NEMSA Certifies 10,692 Power Projects and Inspects 15,931.
After reviewing a total of 15,931 projects across the nation, the Nigerian Power Management Services Body, a…
Abuja and Abia are in the Lead as Food Costs Rise.
According to research by The PUNCH, the Federal Capital Territory, Abuja, and Abia State have taken the lead over…
Finance Bill: Dangote, 7UP, and 170 Businesses might Lose N2.4 trillion Tax…
As the Federal Government plans to phase out some tax waivers from 2022, at least 172 companies may not benefit…
Shell is Commended for Its Local Content Initiative.
The Petroleum Technology Association of Nigeria recently conducted its 2022 annual industry dinner and awards…
Nigeria Custom Service Reports N1 billion Seizures.
The Nigeria Customs Service's Federal Operations Unit Zone A has said that, in advance of the holiday season, it…
Savannah and PETRONAS End the Acquisition of ExxonMobil Assets Deal.
The Shares Purchasing Agreement that Savannah Energy Plc had previously agreed into with PETRONAS to purchase…
Nigerias Power Sector Debt to NDPHC is at N100 billion.
According to Chiedu Ogbo, the managing director of NDPHC, the electricity industry owes the company more more N100…
Nigeria’s Growth is Projected by the World Bank to be 3.1% in 2022, Down…
The World Bank stated during a briefing in Abuja that it had revised its growth projection for Nigeria for 2022…
Nigeria’s Inflation Picks Up in November, Reaching 21.47%.
According to the statistics office, inflation in Nigeria increased for the tenth consecutive month in November,…
Rwanda and Nigeria are the First African Countries to Sign the “Artemis…
The National Aeronautics and Space Administration (NASA) Artemis Accords have been signed by Nigeria and Rwanda.…
Kenya: Fixed Deposit Returns are Wiped Out by Inflation.
The purchasing power of deposits made by Kenyans decreased by an estimated 2.36 percent in September, representing…
Banks to Commence Issuance of New Naira Notes Today.
The eagerly anticipated, newly redesigned Naira notes from the Central Bank of Nigeria (CBN) will start to…
NNPC Scrambles to End Nigeria Fuel Queues.
According to oil marketers, despite a 17 kobo reduction in the ex-depot price of Premium Motor Spirit, also known…
Second Niger Bridge Opens to Vehicular Movements.
The Second Niger Bridge is now accessible to vehicles. A government official claimed that a few minor changes to…
AfCFTA Expects to Trade $12 billion in Four Years.
According to supporters of the African Continental Free Trade Agreement, the agreement has the potential to…
Dollar Edges up Against Euro after U.S. Inflation Data.
The U.S. producer inflation data for November came in somewhat hotter than anticipated. As a result, the dollar…
Buhari: Nigeria Committed to Ending Use of Petrol, Diesel Generator.
According to President Muhammadu Buhari, the Nigerian government would make every effort to totally phase out the…
AWHF Urges Tanzania to Use its Heritage Resources.
Tanzania has been challenged to maximize the value of its spectacular heritage resources. The country's numerous…
IMF to Inject $3bn into Ghana’s Economy.
Ghana has reached an agreement with the International Monetary Fund (IMF) for a $3 billion injection into the…
Musk Sells Another $3.6 billion Worth of Tesla Stock.
Elon Musk, the CEO of Tesla, reported an additional $3.6 billion in stock sales, bringing his year-to-date total…
As Kenya Battles Drought, Food Prices Rise Significantly.
Food prices such as sukuma wiki (collard greens), matumbo (offal), beef, and tomatoes rose the fastest, hurting…
Nigeria: Minister Says Buhari will Leave 22,000 Megawatts of Electricity by 2023.
Abubakar Aliyu, the Minister of Power, estimates that by 2023, the administration of President Muhammadu Buhari…
Dangote Cement’s share buyback has been approved by shareholders.
Dangote Cement shareholders unanimously authorized the company's management to conduct a share buyback of up to…
Banks’ Operating Expenses are Up 19.2% Due to High Inflation and Regulatory…
Following a high inflation rate and regulatory charges, 14 Nigerian banks reported N2. 03 trillion in total…
Nigeria Won’t be Issuing Eurobonds in 2023.
According to Nigeria's finance minister Zainab Ahmed, the country has no intentions to issue Eurobonds in 2023…