NCBA Finances Its Tanzanian Affiliate With Sh2billion.
In order to better serve large enterprises, NCBA Bank Tanzania is closing extra branches in certain areas.
The…
Market Operations Will Cease On September 19 At The Bank of England.
In accordance with its standard procedure for public holidays, the Bank of England said that it will stop its…
China Renounces Interest-Free Loans To Africa Worth 1% Or Less Of Its Credit To…
In August, the Chinese foreign ministry announced that it had canceled 23 loans to 17 African nations that were…
$265million In Promised Airline Funds Remain Unpaid By FG.
Out of the N465 million owing to international airlines operating in the nation, the federal government has not…
The Insurance Industry Experiences A 17.28% Q2 Growth.
Using data from the National Bureau of Statistics' second quarter 2022 Gross Domestic Product report, it can be…
Domino’s Pizza Has Invested N26billion, In Nigeria.
Domino Pizza, together with its other international brands including Cold Stone Creamery, is the world's largest…
Angola Becomes Africa’s Biggest Crude Producer.
Nigeria's productivity has been progressively declining since 2020, and this year it struck multi-decade lows.
…
We Invested $7.6billion In The Forex Market- CBN.
The CBN said that in January and February, respectively, it invested $1.65 billion and $1. 39 billion in the…
The Difference Between The Official and Black Market Values Of Naira Grows To…
It is important to note that on September 6th, when it was trading at N434/$, the official exchange rate fell to…
In Q2 2022, Nigeria’s Foreign Trade Will Reach N12.8trillion.
Nigeria reported total international trade of N12. 84 trillion in the second quarter of 2022, up 32.2% from the…
India Charges A 20% Levy On All Exports Of Rice.
India, the world's largest exporter of the grain, put a 20% levy on exports of different grades of rice in an…
Elon Musk $258billion Dogecoin Lawsuit Expands.
The price of Dogecoin purposefully driven up by more than 36,000% over the course of two years; according to an…
Crude Oil Refiners Association Of Nigeria Has Appealed To The CBN.
The Central Bank of Nigeria (CBN) urged to establish a crude refinery intervention fund; in order to promote…
Nigeria’s Oil Production Falls To A Record Low Of 972,394 Bpd.
In comparison to July 2022 output of 1. 08 million barrels per day, the decrease is more than 10%, and it is less…
Blue-Chip Companies Suffered Losses.
The Nigerian Exchange Limited (NGX) continued to decline as a result of losses suffered by blue-chip companies.
…
NASA’s Artemis Moon Rocket’s Initial Launch Will Be Delayed Due To A…
NASA postponed an effort to launch its enormous, next-generation rocketship for the second time in a week. Blaming…
British Pound Declined When Compared To US Dollar.
The last time sterling hit $1.141 was during Margaret Thatcher's administration in 1985, when it fell as much as…
United Airlines Acquires 200 Air Taxis And Spends $15million In Eve Air.
United Airlines Holdings Inc (UAL.O), a U.S. Airline, announced on that it would invest $15 million in the…
Airlines Selling Tickets In Dollars Will Be Fined By The Nigeria FG.
The Minister of Aviation, Hadi Sirika, claimed several airlines rejected naira and instead charged ticket prices…
Nigeria FG Intends To Enhance Gas Exports To Europe in 2022.
08, August, 2022 the price of Brent, the world's standard for petroleum, decreased by 5.01%, or $4.65, to close at…
World Bank Distributes $31.7billion, Gives $700million To Nigeria.
The World Bank reported that 2022 is among the ten warmest years on record. And that the effects of the climate…
Stocks Plunge On Fed Rate Rise Predictions, And The Yen Falls To A New 24-year…
The Japanese yen was trading at 144.95 yen per US dollar, its lowest level since August 1998. If "rapid,…
Nigeria FG To Collaborate With Qatar On Cultural Promotion.
Yakubu Ahmed, the Extraordinary and Plenipotentiary Ambassador of Nigeria to the State of Qatar; has asked for…
Even with Dangote and NNPC Refineries, Petrol Will Sell Above N400/Litre.
An analysis of oil prices, import duties, and refinery contracts shows that even if the Dangote Refinery and those…
Oil Prices Fluctuate Due To Russian Supply Concerns And Economic Troubles.
Oil prices varied drastically as the market tried to balance demand concerns; about the impending recession with…
Capital Inflows Were 23% Lower Due To Insecurity And The FX Crisis.
Capital importation into Nigeria reduced by 23% due to insecurity and the ongoing foreign exchange crisis.
The…
Foreign-owned Operators Demand For Dollar Payments Is Putting Local Telecoms…
Smaller and domestic players are allegedly being prevented from expanding; because foreign telecoms companies…
Currency In Circulation Decreases To N3.24 trillion
Currency in circulation refers to the amount of cash–in the form of paper notes or coin within a country; that is…
Oil And Gas Equities In Nigeria In August 2022.
For the ninth straight quarter, the oil industry has seen negative growth, shrinking once more in Q2 2022 by…
Nigeria FG To Take Production Data From Oil Companies And Installs New Flow…
Nigeria has wasted billions of dollars in potential revenue due to underreported volumes by relying solely on…