Nigeria Inches Closer to 2024 Financial Inclusion Target, but Gaps Persist
Nigeria has made progress in achieving its 2024 financial inclusion target, with 74% of the population considered!-->…
NNPC CEO, Mele Kyari, Affirms Realistic Target of 1.785 Million BPD for…
Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, has!-->…
Kenya Witnesses Surge in Dollar Deposits as Shilling Weakens
The value of dollar deposits in Kenyan commercial banks has surged by Sh528.56 billion in the first 10 months of!-->…
Kenya Records Surge in Foreign Exchange Turnover, Hits N55.77 Trillion in 2023
Kenya has witnessed a significant surge in foreign exchange turnover, with a total of N55.77 trillion traded in!-->…
PenCom Urges Former Employees to Reclaim N12 Billion in Transition Contribution…
The National Pension Commission (PenCom) has called on former employees of defunct companies to reclaim N12!-->…
Bureau of Public Enterprises Plans to Sell 40% Government Shares in Discos on…
The Bureau of Public Enterprises (BPE) has revealed its intention to sell the remaining 40% government shares in!-->…
MTN Nigeria Denies Network Disruption from Tower Lease to American Tower…
MTN Nigeria has refuted claims that the lease of its 2,500 towers to American Tower Corporation (ATC) would cause!-->…
Nigeria Plans Tax Reforms, Small Businesses to Be Exempt from Withholding Taxes
The Presidential Fiscal Policy and Tax Reforms Committee in Nigeria is set to review national withholding tax!-->…
Nigeria and World Bank Forge Partnership to Boost Mining Sector Development
The Federal Government of Nigeria, through the Ministry of Solid Minerals Development, is set to collaborate with!-->…
Nigeria Set to List Key National Assets in Capital Market for 2024 Budget Funding
The Nigerian government has finalized plans to list prominent national assets, including Eleme Petrochemicals,!-->…
Nigeria’s National Vehicle Registry Aims to Boost Revenue and Curb…
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, highlighted the significance of the!-->…
British International Investment to Inject $15M Equity into Valency International…
The British International Investment (BII), the UK's development finance institution, is set to invest $15!-->…
Large-Scale Theft of Power Infrastructure Worsens Nigeria’s Electricity…
Millions of Nigerians are grappling with prolonged power outages due to the widespread theft of critical power!-->…
Nigeria’s Affluent Struggle Amidst Record Inflation: A Cry from the Rich to…
Nigeria, experiencing its highest inflation rate in 18 years, is witnessing the affluent class grappling with!-->…
Political Turmoil in Rivers State: Wike’s Loyalists Defect to APC, Fueling…
The political landscape in Rivers State is undergoing a significant shift as 27 lawmakers loyal to Nyesom Wike,!-->…
Nigerian Stock Market Seeks IPO Boost Amid Thirst for Listings
The Nigerian stock market has witnessed various forms of equity listings in 2023, including private placements,!-->…
Central Bank of Nigeria Suspends Cash Deposit Fees, Affecting Banks and Customers
The Central Bank of Nigeria (CBN) has announced the immediate suspension of processing fees, ranging from two to!-->…
Niger, Mali, Burkina Faso Explore Political and Monetary Alliance, Signal Shift…
Niger, Mali, and Burkina Faso are considering a political and monetary alliance, as announced by Niger’s military!-->…
Nigerian Senate Urges Allocation of 10% Annual Budget Revenue to Agriculture for…
The Nigerian Senate has called on the federal government to allocate a minimum of 10% of the total annual budget!-->…
Nigeria Loses N1.8 Trillion to Import Duty Exemption Certificate (IDEC) in 2023
The Nigeria Customs Service (NCS) has reported that Nigeria lost a significant sum of N1.8 trillion to Import!-->…
Nigeria’s Q3 2023 VAT Collections Surge by 51.6% Year-on-Year, Reaching…
The National Bureau of Statistics (NBS) has reported a remarkable year-on-year increase of 51.6% in Value Added!-->…
Rising Divestment Threatens Nigeria’s Manufacturing Sector as Multinationals…
While President Bola Tinubu seeks new investors to boost Nigeria's economy, recent reports reveal a troubling!-->…
Central Bank of Nigeria Suspends Cash Deposit Processing Fees Amid Lingering Cash…
The Central Bank of Nigeria (CBN) has announced the suspension of processing fees on cash deposits, a move aimed!-->…
Nigerian Manufacturing Sector Faces Severe Forex Losses, Impacting Profits
The manufacturing sector in Nigeria experienced a substantial 400% increase in net foreign exchange losses,!-->…
Foreign Airlines Consider Exiting Nigeria Amid Currency Challenges
There are growing indications that foreign airlines might exit Nigeria's airspace due to a deteriorating!-->…
Dangote Petroleum Refinery Set to Produce Diesel and Aviation Fuel in January…
The Dangote Petroleum Refinery is on track to commence production, with the processing of crude oil expected to!-->…
Moody’s Upgrades Nigeria’s Outlook to Positive, Citing Reform Efforts…
Moody's, a prominent US-based rating agency, has revised Nigeria's outlook from stable to positive, acknowledging!-->…
Nigeria Records N1.54tn Fiscal Deficit in July and August 2023, Despite Improved…
The Central Bank of Nigeria (CBN) has reported that the Federal Government of Nigeria recorded a fiscal deficit!-->…
African Startups Embrace Debt Financing with Over $1.1 Billion Raised in 2023
African startups have increasingly turned to debt financing, raising over $1.1 billion as of November 2023,!-->…
Flutterwave Expands Remittance Dominance with Acquisition of 13 US Payment…
Flutterwave, a prominent payment-focused fintech in Africa, has acquired payment licences for 13 states in the!-->…