Naira Redesign: CBN Promises to Safeguard Nigerians in Rural Areas.
In light of its intentions to restructure the naira, the Central Bank of Nigeria has vowed to safeguard Nigerians…
90% of the Plan to Enhance Wheeling Capacity by 1000MW is Finished, According to…
The plan to increase grid capacity by the Transmission Company of Nigeria is 90% finished, according to the…
EU Plans to Buy 22million Tons of Nigerian Gas Annually.
With plans to increase gas imports from Nigeria to the tune of 22 million tons annually; the most populous country…
Consumption Costs Reach N57 trillion as a Result of Rising Inflation.
Consumption spending in Nigeria increased to N57.08 trillion in the first half of 2022 due to rising inflation.…
Customers are Charged N715bn by Banks for Electronic Transactions, Among Others.
In the first nine months of 2022, 11 banks charged their clients N714. 61bn in electronic fees and other charges.…
Elon Musk Prepares for a $56 billion Fight with a Drummer from Heavy Metal.
Elon Musk has fought against the automakers, short sellers, and securities authorities in Detroit. The Tesla…
Britain Freezes £18bn Worth of Russian Assets.
Russia is now Britain's most-sanctioned nation, surpassing both Iran and Libya, according to the Office of…
Nigeria’s GDP Expands by 3.54% in the Second Quarter of 2022.
Nigeria's Gross Domestic Product (GDP) grew by 3.54% (year-on-year) in real terms in the second quarter of 2022,…
Peter Obi’s Investment in Anambra was Insignificant, According to Soludo
Peter Obi, the rumored Labour Party presidential contender, is claimed to have invested money in the state…
Buhari Says He doesn’t Own a home in the UK.
The president, Major General Muhammadu Buhari (ret. ), claimed that during his meeting with King Charles III, he…
Uganda Hopes to Enhance its Trading Relations with China.
In an effort to find further avenues for pursuing economic and commercial cooperation on a "win-win basis,"…
In October, Inflation Reached 40.4% In Ghana.
Ghana's year-over-year inflation increased to 40.4% in October from 37.2% in September, according to the Ghana…
Tongeji Island in Ogun will House a 400,000-liter-per-day Refinery.
Gasoline Integrated International announced its willingness to develop a $3 billion refinery in the state's…
Banks Will Use Tellers Following Naira Redesign
The Bank Customers Association of Nigeria (BCAN), which represents commercial bank clients, has requested an…
Kenya and South Africa End their Trade Dispute
President William Ruto and his South African counterpart Cyril Ramaphosa announced that the two nations would deal…
Fuel Supply is Hampered by Illegal Charges and the Currency Crisis, say Marketers.
According to the Depots and Petroleum Products' Marketers Association of Nigeria, the problems preventing the…
Nigerian Mobile Transactions Increased to N12.8 trillion in only 9 Months.
Between January and September 2022, Nigerians made mobile transactions totalling N12. 8 trillion, more than twice…
Elon Musk Sells at least 3.58billion Worth of Tesla Shares.
Elon Musk, CEO of Tesla Inc. (TSLA.O), sold $3. 95 billion worth of shares in the electric vehicle manufacture;…
Sam-Bankman Fried Informed the Director of OKX that FTX had a $7 billion…
According to a top official at OKX, FTX CEO Sam Bankman-Fried requested a $2 billion to $4 billion capital…
Rise and Fall of Crypto Exchange FTX
Exchanging cryptocurrencies Following the failure of a rescue from bigger rival Binance, FTX was on the verge of…
Toyota Tsusho Establishes “Health54,” a Startup Investment in the…
Toyota Tsusho Corporation ("Toyota Tsusho") announced that its subsidiary CFAO SAS ("CFAO") has founded Health54…
$6 million will be Invested in AfyA Care by CardinalStone Capital Advisors.
AfyA Care's Series A capital round will include a $6 million investment from CardinalStone Capital Advisers (CCA);…
The Strategic Partnership of RMB Corvest is Extended to a Solar Supplier.
To help Sedgeley Solar Energy Namibia (Sedgeley Energy) better capitalize on rooftop solar photovoltaic (PV)…
Nigeria’s Oil Production Increases to 1million Barrels Per Day.
For the first time since June of this year, Nigeria's oil output increased in October to 1. 02 million barrels per…
BREAKING: Meta Lay Offs Over 11,000 Employees
In one of the year's largest layoffs, Meta Platforms Inc. (META.O) announced that it will eliminate more than…
FG Exhorts those on Low Incomes to Adopt Cooperative Housing.
The Federal Government has pushed the development of cooperatives to provide housing options for low and…
Climate Change: UK Commits £200million to Nigeria and Others.
The African Development Bank's Climate Action Window will get £200 million in support from the UK, according to…
As the Cryptocurrency Market Collapses, Binance Intends to Purchase FTX.
To aid with a "liquidity bottleneck" at the rival exchange, cryptocurrency giant Binance reached a non-binding…
Banks, MTN, and Airtel will all Collect VAT on their Goods.
Beginning in January 2023, MTN, Airtel, and all money deposit institutions serve as agents; for the Federal Inland…
NAICOM Develops Strategies for the Insurance Sector’s Expansion.
The National Insurance Commission has reaffirmed its commitment to using a variety of approaches to bring the…