As Interest Rates Rise, Nigerians are Borrowing Less, According to the CBN.
According to Central Bank of Nigeria (CBN) records, the amount of outstanding consumer credit in Nigeria decreased…
Shareholders of MTN Agree to Cancel 7.5 billion Shares.
The shareholders of MTN Nigeria Plc have authorized the cancellation of 7. 5 billion unissued shares in order to…
Nigeria Partners with Global Tech Firms to Promote Digital Economy.
Isa Pantami, Nigeria's Minister of Communications and Digital Economy, met with American representatives of…
After Weeks of Negotiations, EU Nations Agree on a Gas Price Cap.
The energy ministers of the European Union approved a gas price cap. The price ceiling was set at 180 euros per…
China’s Capital has Seen a Gradual Increase in COVID-19 Surge.
The number of fatalities from the most recent COVID-19 outbreak in Beijing, China, has gradually increased as…
King Charles Banknotes’ First Images have been made Public.
The Bank of England has unveiled the new design for banknotes that feature the image of King Charles.
The only…
Oil Increases on Anticipation for China’s Economy.
Oil prices increased as hopes that China would relax its Covid-19 restrictions outweighed worries that a global…
U.S. Plans to Invest $170 million in African Exports.
The U.S. Government program, Prosper Africa, which aims to increase bilateral trade and investment between the US…
Banks Record the Serial Numbers Provided to Consumers when Using New Naira Notes.
In order to prevent counterfeiting, the Central Bank of Nigeria (CBN) has ordered banks to record the serial…
Ghana Declares a Suspension of its Repayment of its External Debt.
In light of the greatest economic crisis in a century, Ghana's finance ministry announced that it was halting debt…
According to the UK, Nigeria will Lose 25% of its Arable Land.
According to the United Kingdom, the consequences of climate change will prevent Nigerians from cultivating on…
According to Bank CEO, Digital Banking can Promote Financial Inclusion.
Ademola Adebise, Managing Director/Chief Executive Officer of Wema Bank Plc, has stated that the development of…
Banks Reject 94% of Proposals for Export Funding.
Dr. Bamidele Ayemibo, the lead consultant at 3T Impex Consulting, claims that 94% of bank requests for export…
Dangote Reiterates His Dedication to the Industrialization of Africa.
According to Dangote Group, their goal is to lead Africa's industrialization. Aliyu Da'u Aliyu, a representative…
Nigeria FG Aims to Increase Rice Exports – Agriculturist
In order to guarantee a surplus of rice production for export, food security, and job creation, the federal…
Oil Revenue Increases by N308.6 billion.
Due to coordinated efforts by the Nigerian National Petroleum Company Limited and security agencies to stop oil…
World Bank: 80 million Nigerians could Lose their Jobs by 2030.
According to the World Bank, if Nigeria doesn't increase its employment rate, 80 million people of working age…
Nigeria’s Foreign Portfolio Shows a $2.08 billion Deficit.
In spite of a challenging economic climate marked by currency issues and a decline in investor confidence,…
Imports of Raw Materials Decline 22.36% to N1.88 trillion.
Manufacturers imported raw materials totaling N1. 88 billion between January and September 2022, according to the…
Dollar Declines as Demand for the Yen Rises.
The yen was in demand as the U.S. Dollar declined in European trade as a result of a report that the Japanese…
NEMSA Certifies 10,692 Power Projects and Inspects 15,931.
After reviewing a total of 15,931 projects across the nation, the Nigerian Power Management Services Body, a…
Abuja and Abia are in the Lead as Food Costs Rise.
According to research by The PUNCH, the Federal Capital Territory, Abuja, and Abia State have taken the lead over…
Finance Bill: Dangote, 7UP, and 170 Businesses might Lose N2.4 trillion Tax…
As the Federal Government plans to phase out some tax waivers from 2022, at least 172 companies may not benefit…
Shell is Commended for Its Local Content Initiative.
The Petroleum Technology Association of Nigeria recently conducted its 2022 annual industry dinner and awards…
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.…