Petrol could Hit N800 per Litre if Subsidies are Removed – Marketers.
As the scarcity of Premium Motor Spirit, also known as petrol, persisted, oil marketers predicted that the price of the…
Economists Disagree on NNPCL’s N2.52 trillion Road Investment.
Financial economists had mixed reactions to the Nigerian National Petroleum Company Limited’s approved plan to invest N2. 52 trillion in…
World Bank: 28.9 million Nigerians Rely on Food Aid.
According to the World Bank, 28 million 900,000 people in Nigeria and other West and Central African countries rely on…
Nigeria: Interest Rates are Likely to Rise as the MPC Meets.
Financial experts have expressed varying opinions on the possible outcomes of the rates ahead of the Central Bank of Nigeria’s…
Nigeria has Set A Date for its First Census in 17 Years.
As authorities in the most populous nation in Africa seek up-to-date information on the precise population and the size of…
Nigeria: Kwara State Receives Projects Funding Worth N887 million from the World Bank.
According to Dr. Nusirat Elelu, executive secretary of the Kwara Health Care Development Agency, the state has acquired financing from…
Nigeria NNPC Spent $10 billion on Fuel Subsidies in 2022.
According to the most recent data from the state-owned company, Nigeria’s NNPC spent $9.7 billion on a petrol subsidy last…
Adesina: Africa’s GDP will Grow by 4% in 2023 and 2024.
Africa’s GDP growth is anticipated to be higher than the projected global averages of 2.7% and 3.2% in 2023 and…
CBN To Penalize Banks N1m Per Day For Not Picking New Naira Notes.
The new naira notes must be picked up by commercial banks for distribution, according to the Central Bank of Nigeria…
Usain Bolt Lost $12 million in Savings as a Result of a Scam.
Usain Bolt, a Jamaican Olympic sprinter, was astonished to find $12 million gone from an account he had with Stocks…
Microsoft will Dismiss thousands of Jobs Across all Divisions.
According to reports, Microsoft Corp. (MSFT.O) intends to slash thousands of jobs, with some positions in the engineering and human resources…
IOCs will Icrease their Drilling Activity.
In contrast to reports that International Oil Companies, Shell, Chevron, and other energy companies would finally say goodbye to Nigeria’s…
JPMorgan: Prior to the South Africa Budget, Investors should Purchase Eskom Bonds.
JPMorgan has urged investors to purchase Eskom bonds in South Africa before the country’s budget, which is anticipated to be…
Kenya Aims to Cut its Borrowing Requirements Both Domestically and Internationally.
According to a draft budget policy statement from the ministry of finance, Kenya will set a net external financing goal…
Aid and Advocacy Organizations in Ghana Demand Debt Cancellation.
In an effort to help Ghana deal with its economic crisis, more than two dozen aid and advocacy organizations demanded…
Ghana’s Producer Inflation Drops in December to 52.2%.
According to statistics service data released, Ghana’s producer price inflation decreased from 78.1% in November to 52.2% in December. According…
26 Power Plants Experience a Capacity Decline.
Out of the 29 power plants in the nation, 26 saw a 26% reduction in capacity, and three were completely…
Nigerian Shipowners and Operators find the NNPC Cargo Policy Frustrating.
Stakeholders in the nation’s maritime industry claim that local shipowners are suffering as a result of Nigerian National Petroleum Corporation…
Nigeria Owes China and Four Others $4.85bn
The Federal Government of Nigeria borrowed about $3.27 billion from five nations between June 30, 2015, and September 30, 2022.…
Financial Crisis: Nigeria FG Reports N14.28 trillion in Revenue Shortfall.
According to information from the Budget Office of the Federation, the Federal Government has experienced a revenue shortfall of N14.…
The CBN Enlightens Traders About the New Naira Notes.
The distribution of the new naira notes to the entire nation will be completed before the deadline of January 31,…
Bearish Trading Closes with N47 billion Loss In the Stock Market.
Due to profit-taking actions by Dangote Cement Plc and 20 other companies, the Nigerian stock market ended down by N47…
Nigerian Finance Minister: No Bond Sale in 2023 Due to Debt Trajectory.
The trajectory of Nigeria’s debt is manageable. The nation planned to significantly lower its key debt service-to-revenue ratio this year…
The IMF’s Executive Board Authorizes a $240 million Payment to Uganda.
According to the International Monetary Fund (IMF), two reviews of a financing agreement with Uganda were approved by the IMF…
UK Inflation Decreases to 10.5% in December, While Food Costs Rise.
Although British inflation decreased last month after reaching a 41-year high in October, the pressure on households remained high as…
Wells Fargo Stock Declines as Analysts Issue Downgrades.
Wells Fargo (NYSE:WFC) stock is declining in pre-market trading as a result of analysts downgrading the banking behemoth after “tough”…
EAIF Funding Enables the Ivorian Hydro Project to Reach Financial Close.
Ivoire Hydro Energy (IHE), which will construct a 44MW hydroelectric power generation plant on the Bandama River close to the…
Biotech is Set to Acquire Instadeep.
InstaDeep Ltd., a top global technology company in the fields of artificial intelligence (“AI”) and machine learning, and BioNTech Inc.…
European Shares Decline as China Data Renews Economic Concerns.
Following China’s announcement of its weakest annual economic growth in nearly 50 years, which increased investors’ concerns about an economic…
15% of Developing Nations have Debt Problems, According to the IMF.
According to the International Monetary Fund, 15% of low-income countries are already experiencing debt distress. According to Nairametrics, the IMF…