Nigeria’s Trade Balance is 86% Worse Off Due to Weak Exports.
Nigeria's trade balance has been negative quarter over quarter, as exports have decreased by 19.8% to N5. 93…
Africa’s LNG Export to be Driven by Nigeria, Algeria, and Egypt.
NIGERIA, Algeria and Egypt, have been tipped to drive Africa's Liquefied Natural Gas, LNG, export in the short…
Swiss Mining Giant Glencore to Pay US$180 Million to DRC Over Graft Claims.
Glencore announced that it has agreed to pay the Democratic Republic of the Congo $180 million to settle…
NNPCL Signs MoU with Companies in Ghana and Gambia.
The Nigerian National Petroleum Company Limited has signed five memorandums of understanding regarding the…
Depreciation of the Naira Increases Foreign Debt by N9 trillion.
Nigeria's foreign debt burden increased as the value of the naira relative to the dollar dropped from N196. 92 in…
According to FAO, a Food Crisis will Affect 25 million Nigerians by August 2023.
According to the Food and Agriculture Organization of the United Nations, between June and August 2023, 25. 3…
The UK is Completing its Plans to Regulate the Cryptocurrency Industry.
According to the Financial Times, the British Treasury is putting the finishing touches on plans for a package of…
Nigerian Reps look Into NPA’s $800 million Port Operator Debt.
The Nigerian Ports Authority is allegedly indebted over $800 million in debt to port operators, according to the…
Nigeria Loses More Than 500 Medical Consultants in Two Years to Developed Nations.
According to the Medical and Dental Consultants' Association of Nigeria (MDCAN), between 2020 and 2022, at least…
Bboxx-EDF Obtains €11 million to Speed Up Electrification of Togo with Solar Kits.
Bboxx, a manufacturer and distributor of plug-and-play solar systems with a focus on Africa, and its partner EDF,…
US, ABC, and Microsoft Rally Behind Data Protection Bill Passage.
Chief executive officer of American Business Council (ABC) Margaret Olele has said the data protection bill before…
NNPC and Chevron Acquire N610 billion in Funding for 37 Oil Wells.
The Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL), announced that $1. 4 billion…
Euro Zone Heading into Mild Recession.
The final composite S&P Global Purchasing Managers' Index (PMI) for the euro zone, which is regarded as a…
Nigeria FG Plans New Green Bond Issuance For 2023.
The federal government plans to issue new green bond in 2023 as government explores widely diversified,…
Oikocredit Invest Debt in Solarise Africa.
Oikocredit has teamed up with the Facility for Energy Inclusion (FEI) and AfricaGoGreen (AGG), two funds run by…
4Di Capital Holds Second Close for New Seed Fund.
South African early-stage venture capital firm 4Di Capital has announced the second closing of its new US$25…
Egypt Hopes to Issue its First Panda Bonds.
According to Deputy Finance Minister Ahmed Kouchock, Egypt plans to issue its first panda bonds by the end of this…
Global Central Bank Push for Rate Increase.
Central banks overseeing six of the 10 most heavily traded currencies delivered 350 basis points (bps) of rate…
Ghana will Swap its Economic Debt to Regain its Stability.
Ghana will begin trading domestic debt, according to its finance minister Ken Ofori-Atta, who expressed optimism…
UK Economy to Shrink in 2023 – CBI.
Britain's economy is on course to shrink 0. 4% in 2023 as inflation remains high and companies put investment on…
NITDA says Nigeria can Earn 40billion from the Tech Sector.
Nigeria currently has a competitive advantage to become the global talent factory in the tech sector with the…
Nigerias Telecoms Subscribers Hit 214million.
In October, there were 214. 34 million active telecommunications subscribers. Since the country's subscriber base…
World Bank Estimates $20.9 Billion In Remittance Inflow For Nigeria In 2022.
Foreign remittance into Nigeria is estimated to hit $20. 9 billion by the end of 2022, compared to $19. 5 billion…
FG Earned $500 Million From 5G Spectrum Auction – Pantami
Minister of Communications and Digital Economy, Ali Pantami, said the federal government has generated over $500…
Oil-producing States Borrow N1.3tn Amid N6.4tn Windfall.
The total debts of nine oil-producing states rose from N2.04tn in December 2015 to N3. 35tn as of June 2022,…
Additional N1.55 trillion is Invested in Treasury Bills by Nigerian Banks.
Deposit Money Banks increased their holdings in Nigerian Treasury Bills by N1. 55 trillion between July 2021 and…
NNPC Signs $1.4 billion Financing Agreement For Hydrocarbon Project.
The Northern Hydrocarbon Funding Limited has a $1. 4 billion external project finance arrangement, according to…
S’African President Faces Impeachment Threat Amid Probe Of ‘$580k Stolen From His…
The South African president, Cyril Ramaphosa, may be removed from office due to allegations of corruption.
The…
Nigeria FG Plans To Tax Cryptos And Other Digital Assets Despite Restricting…
Finance Minister Zainab Ahmed claims that the 2022 finance bill has a provision to tax cryptocurrencies and other…
FIRS Grants TaxPro Max’s Outstanding Interest and Penalty Waivers.
According to the Federal Inland Revenue Service (FIRS), until December 31, 2022, all unpaid interest and penalties…