Uganda to build $4 billion Oil Refinery with new partnership
Uganda is developing its oil sector by signing a deal with UAE-based Alpha MBM Investments to build a $4 billion oil refinery in Kabaale, Hoima District. Under the terms of…
Mali, others impose 0.5% levy on imported goods from ECOWAS
Mali, Burkina Faso, and Niger have introduced a 0.5% levy on goods imported from the Economic Community of West African States (ECOWAS) including Nigeria.The three West African nations, all governed…
Ripple, Chipper Cash to boost cross border payments in Africa
Ripple, a top crypto-enabled payment solution, has announced a new partnership with Chipper Cash, to enhance seamless payments across Africa.With this partnership, both payment platforms will facilitate faster, more affordable,…
Nigeria’s money market liquidity hits 2.2 trillion
Liquidity in the Nigerian money market experienced a significant increase of 62.3 percent, reaching N2.2 trillion last week, according to a report by Afrinvest.The investment firm indicated that this rise…
SEC announces new measures to protect investors in Nigeria
The Security and Exchange Commission, SEC, has unveiled new measures to protect investors, reaffirming its commitment to the safety of Nigeria's capital market.According to the Director-General of SEC, Dr. Emomotimi…
FIRS partners with Flutterwave to digitise tax collection
Nigeria's tax regulatory body, FIRS, has integrated Flutterwave's new payment technology to digitise tax collection in the country. The system is designed to enhance tax compliance, provide real-time visibility into…
DMO offers N300 billion in new bond re-opening
The Debt Management Office has announced a new bond offering pegged at N300 billion. The new bonds, set to be auctioned on March 24, are aimed at financing the government's…
Dangote may halt petrol supply to Nigeria over failure of new crude swap deal
There are growing concerns over the possible disruption of petrol supply in Nigeria, as the naira-for-crude oil deal between the Nigerian National Petroleum Company (NNPC) Limited and Dangote Refinery faces…
FIRS commits to enhancing tax policy in West Africa
The Federal Revenue Service has set out to strengthen tax policy formulation and capacity-building initiatives not only in Nigeria but throughout the West African region.FIRS Executive Chairman Dr Zacch Adedeji…
Inflation to drop further in next 6 months – CBN
The Central Bank of Nigeria is projecting a further drop in inflation over the next six months. This is contained in its newly released survey on inflation expectations for February…
