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…
Microsoft Targets Internet Expansion in Africa.
According to Microsoft Corp. (MSFT.O) President Brad Smith, the company plans to ensure internet access for 100…
Africa’s Food Crisis is the Worst Yet.
African governments haven't done much to stop periodic food crises. Leaders vowed in 2003 to devote at least 10%…
Ghana Secures Conditional Approval for $3bn IMF Support.
Ghana and the International Monetary Fund (IMF) have reached a preliminary agreement for the fund to support the…
Senate Approves NCC’s N559 billion Budget.
Following the presentation by the Committee on Communications, the Senate passed the Nigerian Communications…
World Bank Approves $18 Million for Nigeria and Others to Support Effective…
In order to enhance efficient disease surveillance in West Africa, the World Bank Group has granted a total of $18…
US, Afcfta signs MoU to Promote Business.
The US Chamber of Commerce, through its subsidiary, the US-Africa Business Center, has signed a Memorandum of…
Nigeria’s Import from Russia Dropped by 92%.
Nigeria's import from Russia has crashed significantly, hitting its lowest this year, as the war in Ukraine…
There are Currently no Takers for the Debt Exchange Program.
The Central Securities Depository Limited (CSD) is still waiting for the consent of institutional bondholders…
In 2022, Airlines will Pay an Additional $222 billion for Fuel.
According to the International Air Transport Association, airlines will pay an additional $222 billion for fuel…