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…
Google Has Confirmed That It Will Provide $4 Million To 60 Startups In Africa.
Google revealed that it had chosen 60 qualified businesses from throughout Africa. They are to receive $4 million…
In Q2 2022, Nigeria’s GDP Was Boosted By The ICT Industry By 18.44%.
The second quarter of 2022 saw an increase in Nigeria's gross domestic product (GDP) growth from the first…
Binance Teams Up With Nigerian Authorities to Launch A Digital Economy.
Binance, a major cryptocurrency exchange, is growing its influence in Africa by partnering with Nigerian…
Another nationwide strike is imminent in the power sector.
There are signs of a new strike approaching, after the recent country's blackout was suspended. The government is…
Exxon and Shell Announce The Sale Of A Significant Dutch Gas Partnership.
Shell (SHEL.L) and Exxon Mobil (XOM. N) have listed one of Europe's largest and oldest natural gas production…
21.co, A Cryptocurrency Company, Raises $25 Million And Is Valued At $2 Billion.
The parent company of 21Shares and provider of cryptocurrency investment products, 21.co, announced that it had…
Nigeria’s 1.826mb/d Output Has Been Approved By OPEC.
The Organization of Petroleum Exporting Countries has given Nigeria permission to produce 1.826 million barrels…
USDC, USDP, And TUSD Will Be Delisted By Binance And Converted Into Its Own…
Binance stated that it would stop trading spot pairs like as USDC, USDP, and TUSD on September 29. It also stated…
Bitcoin Struggles To Remain Above $20,000 As Crypto Investor Loses $2 Million On…
The narrowest range for Bitcoin trading since October 2020 occurred, with a range of just 5.4%. Nearly 40% of the…
Fuel Shortage Is Coming as IPMAN Poses a Supply Threat.
The chairman, Alhaji Yahaya Alhassan, announced the suspension of supply of the commodity from the depot. He made…
First Inhalable COVID-19 Vaccine Approved in China.
CanSino Biologics, a business based in Tianjin, has developed the first inhalable COVID-19 vaccine, which Chinese…
Liz Truss Wins Vote To Be Next British Prime Minister.
UK Foreign Secretary Liz Truss is the next prime minister and leader of the ruling Conservative Party. Truss…
Nigeria’s Foreign Reserves Decrease To $39billion In August 2022 Due To…
The decline in foreign reserves comes amidst over $100 crude oil average price in August; against a benchmark of…
Turkey’s Inflation Exceeds 80%
According to figures released, Turkey's annual inflation increased to 80. 21% in August, somewhat less than…
PenCom Revises The Regulations Governing Retirement And Gratuity benefits.
The Revised Regulation includes a new pension augmentation to address the problems associated with its…
98.75 million SIM Cards Are Not Used By Subscribers.
According to recent industry statistics from the Nigerian Communications Commission, 98. 75 million registered…
Prices Of Oil Increase By More Than $2.
Investors were anticipating probable actions by OPEC+ producers to reduce output and support prices, which led to…
News Update On Russia and Ukraine.
The impact of rising energy costs on the continent was address by European leaders, while also reporting success…
We Are Prepared For Audit, According To Petrol Supply Data, Says NNPC.
A forensic examination of the import and supply of Premium Motor Spirit has been welcomed by the Nigerian National…
Russia’s Oil Production Is Limited by The World’s Richest Nations With…
The black viscous hydrocarbon prices increased as traders anticipated that OPEC+ would discuss output cuts at…
Nigeria Is Africa’s Largest Cryptocurrency Market, Despite The Restriction…
The largest economy in Africa and one of the world's top adopters of cryptocurrencies is Nigeria. In reality, this…
United Airlines, Emirates Set To Announce Codeshare Agreement.
United Airlines (UAL. O) and Dubai's Emirates are set to announce a codeshare agreement in the coming…
Lufthansa To Cancel 800 Flights Due To Pilots’ Strike.
Germany's Lufthansa (LHAG. DE) said it will have to cancel 800 flights on Friday, likely affecting 130,000…
KCB’s Congo Buyout Target Heavy On Commission.
KCB Group’s Democratic Republic of Congo acquisition target Trust Merchant Bank made twice as much in fees and…
Gas Price Rises By 122%, Household Incomes Shrink.
Amid the Federal Government’s N250bn intervention funds on the National Gas Expansion Plan; which intends to…