Bank of England to add 50 bps to Bank Rate on Dec. 15.
Despite the economy entering a recession, the Bank of England will increase Bank Rate by another 50 basis points,…
MRS Holding Provided $300m to NNPC for Chevron Assets – Bloomberg Report.
According to a Bloomberg report, Sayyu Dantata, a member of one of the richest families in Nigeria, funded the…
In Nigeria’s Second 5G Licensing Round, Airtel was the Only Bidder.
Following the failure of another company to pay a deposit required to continue the auction, Airtel Africa (AAF. L)…
Nigeria: FG Recoups N120 billion from Criminal Proceeds.
Following the passage of the Proceeds of Crime (Recovery and Management) Act, 2022, the Federal Government…
The African Development Fund Raises $8.9 billion for Low-income Nations in Africa.
The African Development Fund's (ADF) development partners have agreed to contribute a total of $8.9 billion to the…
Lekki Port and LFZ Integration Will Change Nigeria’s Economic Fortunes.
The integration of Lekki Port with Lagos Free Zone, according to Mr. Dinesh Rathi, Chief Executive Officer of…
Tanzania Cancels Independence Day Celebration, To Use $445k Budget To Build School…
The president of Tanzania, has canceled the Independence Day festivities that were set to take place this Friday,…
eNaira Circulation Rises to N400million.
The e-circulation naira's has increased to N401. 82 million, according to data from the Central Bank of Nigeria.…
Trade Between Ghana and Italy Totals €500 million.
Ghana and Italy's bilateral trade increased to a record high of €520 million in 2021. The Italian ambassador to…
Kenya: Tax Refund Claims Hit Sh109bn.
According to the Kenya Revenue Authority (KRA), unclaimed tax refunds total more than Sh109 billion, which is…
Fed Govt Opens Application for December Savings Bonds.
The Federal Government opened the application list for its monthly retail bond issuance, also known as the Federal…
Nigeria would Add 1 GW by 2027 Despite the Growth of Renewable Energy Globally.
Nigeria's growth in renewable energy would reach 1 gigawatt (GW) by 2027, according to the International Energy…
ARUWA Capital Management Receives a USD 1.5 million Equity Investment
ARUWA Capital Management, based in Nigeria, has received a USD 1. 5 million equity investment from FSDAi Nyala…
US and UK Promise to Keep LNG Trade at High Levels.
The UK has been affected by rising prices, but it is less dependent on Russian gas than the EU, and this year, its…
CBN’s Cash Withdrawal Policy is Part of a Broader Strategy to Manage Forex Demand.
Nigerians have reacted to the news as expected as to why the central bank decided to implement this revised cash…
Iranian Authorities Plan to Freeze the Bank Accounts of Women who Reject the…
According to a member of the Iranian parliament, the government intends to introduce new penalties for women who…
Nigeria’s Oil Production Climbs to 1.6m Barrels.
Nigeria's crude oil output is increasing again, rising to about 1.6 million barrels per day. Nigeria has failed to…
Despite Global Headwinds, Remittances Grew by 5% in 2022.
Remittances to low- and middle-income countries increased by an estimated 5% to $626 billion in 2022. Remittances…
Geregu Power Share Price Fall 9.8% on Sell Pressure.
Investors lost about N30.250 billion as a result of the selling pressure that was seen on Geregu Power Plc shares…
Breaking: New revised Cash Withdrawal Limit By The Central Bank Of Nigeria.
According to the CBN memo released today 06 December 2022, the Central Bank Of Nigeria has revised its cash…
Ifc and Airtel Partner to Connect Millions of People Across Africa.
A $194 million credit facility between Airtel Africa Plc and the International Finance Corporation has been…
Zenith Receives the Award for Best Bank in Nigeria.
According to The Banker's Bank of the Year Awards 2022, Zenith Bank Plc has been named The Bank of the Year in…
Prior to Russia Sanctions, OPEC+ Maintains Oil Production Cuts.
23 oil-producing countries that make up OPEC and non-OPEC producers have agreed to maintain their current policy…
China’s Yuan is Used in Russia’s Largest Digital Asset Transaction.
The first transaction involving digital financial assets denominated in foreign fiat was completed by a licensed…
BIS Issues a Warning about $80 trillion in Hidden FX Swap Debt.
Pension funds and other "non-bank" financial institutions now have more than $80 trillion in hidden, off-balance…
Ghana: A Record-high Interest Rate of 31.4% was Reached.
At the end of October 2022, the average interest rate on loans provided by banks to individuals and businesses in…
Nigeria: DMO Demands Effective Tax Management.
The Director-General of the Debt Management Office, Ms. Patience Oniha, has urged Nigeria to run an effective tax…
Marketers Turn to Private Depots as NNPC Suffers from a Shortage.
The Nigerian Independent Petroleum Marketers Association has distanced itself from the current Premium Motor…
92 million Nigerians now have a NIN.
According to brand-new market data from the National Identity Management Commission, there were 92.63 million…
In May 2023, Nigeria Expects to Produce 1.8 million Barrels.
The Federal Government, said it would continue to work hard to meet its Organisation of Petroleum Exporting…