The Central Bank of Nigeria Sells $9.4 billion in Forex.
In the first six months of 2022, the Central Bank of Nigeria sold $9.4 billion worth of forex in the foreign…
Nigeria’s Total Pension Fund Assets Hit N14.5 trillion in October 2022.
At the end of October 2022, Nigeria's total pension fund assets reached a record high of N14.59 trillion, up 1.14%…
Insecurity: FEC Approves PPP for Satellite Internet Broadband.
The Research and Development of Satellite Internet Broadband Project, which would bring in N28 billion over a…
Nigeria’ House Of Reps Approve N308 billion Export Grant For 194 Companies
The House of Representatives has authorized the payment of a variety of sums totaling N308. 458 billion to 194…
Federal Government Declares NIN Required for Business Registration.
Nigerians would no longer be able to register businesses without the National Identification Number (NIN),…
NNPCL flares all of its gas output in September, making no money.
Nigerian National Petroleum Company Ltd, the country's state oil company, flared 100% of its gas output in…
Kenya – Inflation Decreases for the First Time in Nine Months Despite CBK…
Due to a decline in food and fuel prices as well as rate increases to control the cost of living, inflation has…
Derivation Funds: Nigeria FG Allocated N1.98 trillion To States.
As part of the 13% backlog in oil derivation payments to oil-producing states, the Federal Government has paid out…
AXA Mansard Insurance Company Increases Q3 Premium by 19%
The third quarter that ended on September 30, 2022, saw a 19% increase in Gross Written Premium for AXA Mansard…
Nigeria FG Creates a Trading Platform for Consumers and Power Companies.
The Federal Government has announced that starting in 2023, electricity transactions will be conducted through an…
We will keep Cracking Down on Ponzi Schemes – Nigeria’s SEC.
In an effort to stop the operations of Ponzi schemes, the Securities and Exchange Commission (SEC) has reassured…
435,000 Tesla Vehicles in China will Receive Software Updates Due to a Marker…
A regulatory body announced that Tesla Inc (TSLA. O) will release software updates for more than 435,000 vehicles…
Two Swiss Fintechs are Funded by J.P. Morgan Private Bank.
According to a statement released, J.P. Morgan Private Bank has invested in two Swiss fintech firms that…
Free Trade Zones in Nigeria Draw $46.4 billion in Investment.
The Nigerian economy received over $46.6 billion in investment thanks to free trade zones. Adesoji Adesugba, the…
UK’s FTSE 100 Increases as Fed Policy Cues are Highlighted.
Amid cautious investor sentiment ahead of the Federal Reserve Chair's speech in search of hints about the…
UN Reports the First Shipment of Russian Fertilizer Heads to Africa.
According to a previous export agreement negotiated by the UN, the first shipment of fertilizer made in Russia…
3 Kenyan Businesses Received Billions from the Defunct US Crypto Firm FTX.
Regulatory filings and court documents reveal that Sam Bankman-$32 Fried's billion crypto empire, which collapsed,…
Nigeria FG Reaffirms Commitment to Reaching Net-Zero Gas Emissions.
The government's commitment to meeting its net-zero emission targets by 2060 has been reaffirmed by Minister of…
Incorrect Import and Export Prices Cause Uganda to Lose Millions
Global Financial Integrity (GFI) found that $835 billion of the $1. 6 trillion in potential trade mis-invoicing…
CAC Opens a Register for Beneficial ownership.
The Corporate Affairs Commission has unveiled a platform for the Beneficial Ownership Register in an effort to…
Bonds Suffer as Credit Suisse Stocks Hit New Record Lows.
There were no signs that investors' worries about the future of the Swiss lender were lessening as shares of…
CBN Protects Naira With $11.24 billion in Seven Months.
To keep the value of the naira stable between January 2022 and July 2022, the Central Bank of Nigeria injected…
OPEC Oil Output Declines in November Following Declared Cuts.
According to the survey, OPEC produced 29. 01 million barrels per day (bpd) in November, which is 710,000 bpd less…
Nigeria is a Significant Long-term Investment Market.
Dr. Naledi Pandor, minister of international relations and cooperation, has referred to Nigeria as a significant…
Kogi, China to Invest N591 billion, Create 685,000 Jobs.
The Kogi State Government and Chinese investors have signed a Memorandum of Understanding to provide technology…
Health Sector Issues will be Discussed at a Pharmaceutical Summit.
According to the Impact Africa Summit, pharmaceutical R&D and clinical trials will be discussed in Africa.
…
CBN Comments on the Alleged Plan to Launch the N5000 Note.
The Central Bank of Nigeria (CBN) has stated that it has no plans for a new note, clarifying its position on the…
Ghana’s Debt Restructuring: Eurobond Holders Face Possible 30% Cut.
As the government pursues a debt exchange program to meet the requirements for a loan from the International…
CBN Approves New Rules to Combat Money Laundering.
In order to implement the provisions of the Anti-Money Laundering, Combating the Financing of Terrorism, and…
Nigeria Hopes to Stop Importing Petroleum Products in 2023.
According to Timipre Sylva, Nigeria's oil minister, the country expects to stop importing petroleum products…