Ghana Agrees to a Domestic Debt Swap in a Deal with Insurers.
Ghana has made progress toward finishing its initiative, a crucial component in reestablishing economic stability and growth, by reaching an…
EU Allocates $102.5 million for Humanitarian Aid to Nigeria and other Countries
According to the European Union, the humanitarian aid of €102.5 million will support Nigeria and other nations in the Lake…
United States Denies Access to People who are “undermining” Nigerian Democracy.
Prior to this year’s elections in Nigeria, the US announced that it is limiting entrance to those “believed to be…
Nigeria: FG Allots N1.2tn for CBN Debt Servicing.
According to research, the Federal Government intends to spend N1.2 trillion servicing the loans it received from the Central Bank…
Nigeria Introduces a Domestic Card Program in an Effort to go Cashless.
Nigeria’s central bank unveiled a domestic card program to compete with global cards like Mastercard and Visa in an effort…
Adani Group, Owned By World’s Third Richest Man, Has Been Accused Of Account Manipulation
The shares of the Indian conglomerate Adani Group plummeted on Wednesday morning after activist investing company Hindenburg Research accused it…
Federal Government of Nigeria Seeks Collaboration On Gas and Electric Trains
The Federal Government has disclosed that it was in talks with investors on how to power Nigeria’s trains with electricity…
A Microsoft Cloud Outage Affects Users Globally.
Microsoft Corp (MSFT.O) was hit with a networking outage that took down its cloud platform Azure along with services such…
The NPC has Begun Training for the 2023 Census.
The National Population Commission has begun training functionaries for the 2023 population and housing census, which will take place from…
Nigeria: Crisis Looms as Interest Rate Hikes.
Members of the country’s organized private sector have called the latest increase in the country’s benchmark interest rate an unfortunate…
CBN Disburses N114.17 billion Under the 100-for-100 Policy.
Since the start of the intervention, the Central Bank of Nigeria has disbursed N114.17 billion to beneficiaries under its 100-for-100…
Bank Lending to Customers Reaches 29.13%.
As of the end of December 2022, the maximum lending rate in the banking sector was 29.13 percent, while savings…
Stock Investors Lose N24 billion as Lending Rates Rise.
The Nigerian stock market reacted sharply to the interest rate hike, with market capitalisation rapidly falling in comparison to the…
Dangote Cement Appoints New CEO.
Arvind Pathak has been appointed as the new Chief Executive and Managing Director of Dangote Cement Plc. The new CEO’s…
Mafab has Launched its 5G Network.
Following Mafab Communications’ rollout of 5G services in Abuja, fifth-generation technology penetration is expected to rise in Nigeria. This follows…
3M to Lay off 2,500 Workers and Forecasts a Weak First Quarter as Demand Falls.
3M Co (MMM. N) said it would lay off 2,500 workers in manufacturing and forecast a bleak first quarter as…
CBN Promotes e-payments Ahead of Deadline for New Naira Notes.
As the Central Bank of Nigeria’s deadline for the old and new currency notes on January 31, 2023 approaches, the…
Bank of Ghana Plans to Raise Interest Rates by 175 Basis Points.
The Bank of Ghana, which is grappling with runaway inflation, is expected to deliver another significant interest rate hike at…
The Central Bank of Nigeria has increased interest rates to 17.5%.
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 100…
Nigeria: Customers Flood Banks in Kebbi, Demanding New Naira Notes.
Customers in Birnin Kebbi flocked to banks to deposit or withdraw money, while several voiced concerns about the new naira…
China’s Loans to Developing Nations Reached a 13-year Low in 2021.
According to a Boston University Global Development Policy Center research, Beijing’s reduction in funding for large-scale oil projects caused loans…
Meta is Urged to Enhance Content Control for Africa as a Contractor Leaves.
Rights organizations are urging Meta Platforms to take advantage of the chance to enhance content moderation in Africa after the…
CBN Bans Abuja and Lagos PoS Operators for Cash Swap.
Mobile money/Point of Sales agents in Abuja and Lagos have been cut off from the Central Bank of Nigeria’s recently…
Nigerian Aviation Handling Company Strike Action.
The management of the Nigerian Aviation Handling Company has expressed gratitude to its clients for their patience throughout the company’s…
Nigeria Forecasts New Flooding in 2023.
The Federal Government predicted that this year will undoubtedly see more flooding in many areas of Nigeria but said that…
Nigeria: FG wants the London Court to Reverse $11 billion in Damages.
Nigeria was the target of “a campaign of bribery and fraud” regarding a failed gas processing project, its attorneys argued…
Nigeria Launches a $1 billion Deep Sea Port.
Nigeria recently opened a billion-dollar deep seaport in Lagos that was constructed by the Chinese. This port is designed to…
Nigeria FG has Approved a Pay Increase for NPA Employees.
Employees of the Nigerian Ports Authority have expressed delight that the Federal Government has approved a pay increase for them.…
The IMF Says Financial Institutions are Dealing with Climate-related Shocks.
According to a new International Monetary Fund report, the effects of extreme weather conditions are harmful to the health of…
Kenya Inflation to Fall Back Within Target in Q1.
Kenya’s central bank expects inflation to fall within its target range in the first quarter of 2023 and is satisfied…