FG and Airlines Meet in Court Regarding Nigeria Air.
At the Federal High Court in Lagos, attorneys for the Federal Government and the domestic airlines are anticipated to meet…
Price of Kerosene Increases by 146%
The average retail price of kerosene per litre increased by about 146% from N441 in November 2021 to N1,083/litre in…
Banks Holding New Notes will be Sanctioned, Says the CBN.
Any commercial bank hoarding the new naira notes from the general public will face sanctions from the Central Bank of…
Chevron Suing Rita Lori and Others for N300m in Legal Costs.
Rita Lori Ogbebor and other individuals have been brought before the Delta State High Court in Warri by multinational oil…
The World Bank Lowers its Forecast for Nigeria’s Economic growth.
The World Bank Group has once more revised downward its estimate of Nigeria’s economic growth, primarily due to a weakened…
Wells Fargo Predicts that Inflation will Decline to 2.2% by Year’s End.
According to a note from Wells Fargo, inflation is anticipated to continue to ease and could drop by an astounding…
Bitcoin Adoption Rates Decline as Price Drops by 65%.
The most popular cryptocurrency, Bitcoin, saw a global price decline of 65.29 percent in 2022. In a year that was…
Foreign Vessels Transport 98% of Nigerian Crude.
Anthony Onoharigho, a chartered marine surveyor and ship captain, revealed that 98% of the crude oil lifted in Nigeria is…
Nigeria will Gain from Germany’s €2.85 million Agricultural Fund.
The Standards and Trade Development Facility will receive 2. 85 million euros from Germany’s Federal Ministry for Economic Cooperation and…
Ghana’s Inflation Rises to a Record 54.1% as Food Costs Rise.
In December 2022, Ghana’s inflation rate reached a record 54.1% due to rising costs for food, housing, and transportation. Government…
Oil Drops to $79.32 Due to US Rate Increases.
According to Reuters, oil prices started to decline as investors anticipated that further interest rate increases in the United States,…
Book “Spare” by Harry Sells a Record-Breaking 1.4 Million Copies On Day One.
According to the publisher, Prince Harry’s book “Spare” broke Penguin Random House’s sales record by selling 1.4 million English-language copies…
3D Printing Expands to New Heights.
Home construction has been elevated by the use of 3D printers. The massive, more than 12-ton printer is producing what…
Dollar Maintains Stability Prior to Key December Inflation Data.
A widely anticipated release of U.S. Consumer inflation data caused the U.S. Dollar to stabilize in early European trade, but…
The US Air Travel System is in Chaos Due to a Computer Breakdown.
Following the failure of a system that provides safety information to pilots, thousands of flights across the United States were…
Nigeria FG investigates Shells Oil Leak.
The Federal Government dispatched a team of investigators to look into the Trans Niger pipeline leak.Following an unauthorized connection in…
Marketers Forecast a Six-month Fuel Shortage and Price Increases.
The downstream oil industry in Nigeria has struggled with persistent gasoline shortages. This may take until either June of this…
Kenya Runs the Risk of a Sugar Shortage on the World Market.
Due to high current global prices and a shortage of the commodity globally, Kenya may not be able to secure…
Nigeria Federal Government Invests in Four Private Refineries.
According to the federal government, it has strengthened partnerships with refinery owners in the private sector in order to boost…
World Bank: Borrowing Costs Weakens Nigeria Fiscal Position.
According to the World Bank, Nigeria’s fiscal situation is weakened by high borrowing costs, falling energy prices, a slow increase…
Ghana: Asante Gold Takes Prompt Action to Safeguard Shareholders’ Interests.
Asante Gold Corporation (ASG) has taken swift action to defend the interests of its shareholders from what it terms a…
Petroleum Commission Begins 2022 Mini-bid Round.
The 2022 mini-bid round has officially begun, according to the Nigerian Upstream Petroleum Regulatory Commission. Komolafe noted in the statement…
Kenya Consents to Removing Import Taxes on Goods from Uganda.
Kenya and Uganda have decided to stop engaging in “unnecessary and expensive competition” and instead concentrate on regional industrial policy.…
Kenya Diaspora Remittances Surpass Sh453 billion, Defying Inflation.
Kenyans who reside abroad defied global inflation and the knock-on effects of Russia’s invasion of Ukraine to send a record-breaking…
Nigeria FG Allays Fears on Election Cancellation.
The federal government has guaranteed that the scheduled February 25 and March 11 general elections in 2023 will take place…
Kenya: Vivo Controls the First Quarter of 2022’s Sales of Fuel.
In the fiscal year that ended in June 2022, Vivo Energy Kenya, a retailer of Shell-branded fuels, was responsible for…
Apple Reports That in 14 Years, iOS App Developers have made $320 billion.
Apple Inc., an American multinational technology company, revealed that over $320 billion in revenue was generated by app developers over…
Nigeria: Bank Deposits Increased by 19% to N43 trillion.
Bank deposits in Nigeria increased by N6.92 trillion from N36.13 trillion at the end of October 2021 to N43.05 trillion…
In 2024, the Abeokuta-Lagos Road will be Renovated.
The Abeokuta-Lagos Road will be renovated in 2024, according to Dapo Abiodun, governor of Ogun State. While officially opening the…
The LCCI Foresees a Recession and Hyperinflation in 2023.
According to the Lagos Chamber of Commerce and Industry, weakening consumer demand, spiraling inflation, high energy prices, and tightening monetary…