Dangote Refinery Will Reduce Import Bill By 40% –Central Bank Of Nigeria
CBN Governor, Godwin Emefiele, says Dangote Refinery will reduce Nigeria’s import bill on petroleum products and…
World Bank Urges Nigeria To Reconsider N4trn Petrol Subsidy
World Bank has advised Nigeria to rethink its policy of making a provision of N4 trillion for petrol subsidy…
Domestic, Int’l Passengers Rise By 44%, Hit 15.23million -Nigeria
Nigerian Airports witnessed increased patronage between January and December 2021. As the number of air travelers…
Afreximbank’s $4b To Support Nigeria, Others On Food, Fuel Imports
African Export-Import Bank (Afreximbank) said it plans to assist Nigeria from the $4 billion Ukraine Crisis…
Paris Club: States Write Nigerian Government, Kick Against $418m Deduction
States have asked the FG to refrain from deducting from funds accruing to them and all LGs councils as liquidation…
Court Orders Eden Tanzania To Pay TBL Sh607 Million
Eden Tanzania Limited has been ordered to pay Tanzania Breweries Limited (TBL) Sh606.7 million. This is for…
Energy Ministry Goes Mute On Pledge To Cut Power Bills – Kenya
Energy and Petroleum Cabinet Secretary Monica Juma said in January the cost of power would come down by March 31.…
DrinksDirect.NG and Cane Integrated Investment Ltd. partner to empower women and…
Have you been wondering how to kickstart your business journey and you’re unable to raise capital? Do you own or…
Kenya Airways Planes Grounded In Leasing Fees Fight
Two aircraft leasing firms have rejected Kenya Airways’ proposals to reduce the cost of hiring their planes in a…
Treasury Raises Sh60bn From April Bond Sales – Kenya
The government has raised Sh27.6 billion from the sale of the fifteen-year bond which had targeted to raise Sh30…
Rethink Your Policy On Fuel Subsidy, World Bank Tells Nigeria
The President of the World Bank Group, Mr. David Malpass has once more reiterated the need for FGN to reconsider…
Coleman pays back Series II N3.804bn
Coleman has successfully paid back series two N3.804 billion under its N20 billion CP Issuance Programme on the…
Import, Forex Restrictions Worsening Food Inflation In Nigeria –World Bank
The World Bank has disclosed that import restrictions and non-flexible exchange rate management of the Central…
Nigerian Government To End N200b Yearly Electricity Subsidy In December
The Federal Government is looking at ending tariff shortfall, averaging N200 billion yearly, in the power sector…
Central Bank Of Nigeria Loans To ABP Farmers Hit N976bn – Report
The CBN has disbursed N975.61bn to farmers across the country under the Anchor Borrowers’ Programme. Figures…
External Reserves Return To Growth Path, Gain $243.83m- Nigeria
Nigeria’s external reserves rose by $243.83m in 19 days, according to figures obtained from the Central Bank of…
131,376 Nigerian Retirees Withdraw N32bn, Quit Pension Scheme
About 131,376 workers, who retired from active service, cannot be placed on monthly pensions, says National…
Small Investors Buy Additional Sh74bn State Bonds -Kenya
The share of the government’s domestic debt held by individuals and other non-financial institutions increased 38%…
Nigeria’s Economy To Grow By 3.4% In 2022 — IMF
IMF has said Nigeria’s economy would grow by 3.4% in 2022 in its latest world economic outlook projections.It…
Maritime Lawyers Oppose 15% Imported Vehicle Levy, Demand Court Intervention
As the controversy surrounding the introduction of 15% NAC levy on imported vehicles lingers, some maritime…
Eterna Plc Appoints New Directors, Company Secretary
The Board of Directors of Eterna Plc has announced the appointment of new Directors and a new company secretary…
Brewery Industry Raised Revenue To N780bn In 2021 –Report
According to Afrinvest, Nigerian Brewery Sector Update 2021 report noted that Guinness recorded a revenue of 54…
Running Safaricom Surveillance Plan To Cost Sh1bn Yearly
Taxpayers will spend another Sh1 billion to run the national surveillance system built by Safaricom to offer…
Better.com’s Third Round Of Layoffs In Five Months Believed To Impact Over 1K…
Better.com has conducted its third mass layoff in less than five months, citing a declining mortgage market.…
Here’s Why Brex Just Paid $90M For 10-person Software Startup Pry Financials
Prior to the announcement earlier, Brex has acquired Y Combinator-backed Pry Financials for $90 million, the…
Conductive Ventures Secures Third Fund To Support Non-Traditional Founders
Conductive Ventures raised a $200 million Fund III to continue its focus on investing in founders where other…
Andreessen Horowitz Unveils Piloted Program For Early-Stage Entrepreneurs
For more than a year, Andreessen Horowitz (a16z) has quietly piloted its own take on an accelerator for…
Music Streamer Deezer Is Going Public Via SPAC At A $1.1B Valuation
Deezer, a European music streamer is going public via a SPAC deal, valuing the Spotify competitor at $1.1…
Google Opens Product Development Center In Nairobi, Its First In Africa
Google announced the launch of a product development center in Nairobi, its first in the continent today. This is…
Indian Crypto Exchange CoinDCX Tops $2 Billion Valuation In New $135 Million…
CoinDCX has doubled its valuation to $2.15 billion (post-money) in eight months following a fresh $135 million…