Japan announce plans to strengthen trade relations with Nigeria
Japan has announced its determination to strengthen trade relations with Nigeria after participating in the recent Lagos International Trade Fair.Japan Foreign Trade Association Director and Marketing Director Otoshi Okushi, in…
Nigeria’s new tax laws to exempt minimum wage earners
The Federal government of Nigeria has said its proposed tax laws will exempt minimum wage earners from paying the 'Pay as You Earn'' taxes. The proposed law is part of…
Algeria seek upstream investors with new onshore blocks
Algeria's National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) has announced six onshore conventional licensing opportunities to upstream investors.The licensing round is part of a five-year plan to attract…
PenCom to make micro pension scheme attractive with new incentives
The National Pension Board of Nigeria says it is working on plans to make micro pension schemes attractive to the self-employed and others in the informal sector.This was stated at…
Eight African Countries in talks with Dangote Refinery to secure Fuel supply
The Dangote Refinery is in advanced talks with eight African countries to secure fuel supply agreements. Already, the refinery has begun exporting diesel and aviation fuel to several African nations…
Shilling holds steady, rises to three-year high
Kenya’s foreign exchange reserves have increased by $1.97 billion in the past ten weeks as the Central Bank of Kenya (CBK) buys more currency as revenues rise.Kenya’s savings last week…
Lagos opens investment bid for new power plants
The Lagos State Government has invited independent power producers and energy solution firms to make bids for the construction of gas-fired power plants. This initiative was announced by the Office…
Nigeria’s external reserve hits 33-month high
Nigeria's Central bank says the country's external reserve has surged to a 33 month high, reaching $40 billion. The surge, according to the CBN Governor Yemi Cardoso, is an indication…
Ghana’s Oil production sees first output increase in five years
Ghana's crude oil production has experienced a remarkable 10.7% year-on-year increase in the first half of 2024, reversing a five-year decline. According to the Public Interest and Accountability Committee (PIAC),…
Kenyan MSMEs complete first exports under AFCFTA to Zambia, DRC and South Sudan
Through an initiative called TradeConnect, Kenyan MSMEs have exported their first assortment of goods to South Sudan, Zambia, and the Democratic Republic of the Congo under the framework of the…
