Libya’s factional government to cut subsidy with new agreement
The eastern Libyan government said Wednesday it had accepted the request to end subsidy on oil and would develop a process to implement the agreement.The factional government, led by Osama…
Nigeria targets more oil production with NNPCL’s new command centre
The Nigerian National Petroleum Company Limited has opened a new Production Monitoring Command Centre, which is designed to change the phase of hydrocarbon operations and improve oil production.The new centre,…
Ghana’s offshore sector gets major boost with new $171 million deal
Noble Corporation has signed a $171 million contract with Tullow Ghana, a subsidiary of UK-based Tullow Oil, to deploy its state-of-the-art Noble Venturer drillship for offshore exploration in Ghana. The…
IMF and Egypt finalise deal to unlock $1.2 Billion
The International Monetary Fund (IMF) has reached a staff-level agreement with Egypt, granting access to $1.2 billion in funding to address the country’s economic challenges. The agreement, which requires approval…
World Bank approves continuation of Nigerian digital identity scheme
The World Bank has approved a two-year extension of Nigeria’s Digital Identity Plan for Development, extending the deadline from December 31, 2024 to December 31, 2026.This follows the Nigerian government’s…
Egypt’s ARECO signs agreement to boost solar energy
A significant collaboration to promote Egypt’s renewable energy was completed on Tuesday with an agreement to establish a solar panel manufacturing facility. The agreement, signed at the headquarters of the…
Airtel Africa launches to return $100 with new share buyback program
Airtel Africa, a leading telecommunications and mobile money services provider, has announced the launch of its second share buyback program, committing to return $100 million to its shareholders.The company made…
Some crypto companies may be disqualified under new requirements – SEC
The Security and Exchange Commission of Nigeria (SEC) has said some crypto exchange platforms may not meet the requirements to operate in Nigeria under the new regulations governing the business.…
Nigerian Stockbrokers present roadmap for a $1 trillion economy
Nigerian stockbrokers have presented a comprehensive roadmap to achieve the federal government’s $1 trillion economy target by leveraging the capital market. The recommendations, articulated at the 28th Annual Conference of…
Djibouti to enhance climate monitoring capacity with new Nanosatellite
Djibouti is looking to enhance its climate monitoring capacity with the launch of its second satellite Nanosatellite.The launch, executed aboard a SpaceX Falcon 9 heavy rocket, was celebrated as a…
