SEC Blacklists Marino FX, warns Nigerians against risky investments
The Securities and Exchange Commission (SEC) has issued a warning to Nigerians, cautioning them against engaging in any business transactions with Marino FX Ltd. According to the SEC, the company,…
Nigeria woos investors to boost its $200 billion hydrogen economy
The Federal Government of Nigeria has called for investments in infrastructure upgrades to tap into the rapidly expanding global hydrogen economy that is projected to reach $200billion by 2030.At the…
Black Friday sales hit 83% high in Nigeria, others
Black Friday sales have seen a massive surge across Nigeria, Kenya and South Africa , hitting an 83% increase compared to the 2023 figure.According to data from the online payment…
Ethiopia’s second program review approved by IMF
The International Monetary Fund (IMF) staff and the Ethiopian government have agreed to a second review of the country’s $3.4 billion budget, the IMF said Wednesday.The East African country secured…
Standard Chartered explores divestment of its assets in Africa
Standard Chartered Bank is exploring a potential divestment of its assets and banking operations in Botswana, Uganda, and Zambia.The decision comes as the bank is looking to free up capital…
CBN targets reduced inflation with new interest rate hike
The Central Bank of Nigeria (CBN) has announced an increase in its interest rate to 27.50%, up from 27.25% in September. This decision, announced by Governor Olayemi Cardoso, is aimed…
Egypt and Liberia to boost groundwater development with new agreement
Egypt and Liberia have signed a memorandum of understanding (MOU) to cooperate in groundwater development. The agreement, was signed by the Lakes Protection and Fish Resources Development Authority of Egypt…
Zimbabwe inflation drops after interest rate hike and currency devaluation
Zimbabwe’s monthly inflation rate fell to 11.7% in November from 37.2% in October, its first decline in four months.The declining inflation coincides with the gold backed ZIG currency which gained…
Nigeria targets more revenue with international cargo tracking
The Federal government of Nigeria through the Nigerian Shippers Council, has unveiled plans to commence international cargo tracking a move aimed at boosting revenue collection and enhancing security.The Executive Secretary…
Expectations high as Port Harcourt Refinery begins operations
There are expectations that Nigeria will soon sort out its crude oil challenges as Port Harcourt refinery begins processing today.The Chief Corporate Communications Officer of the Nigerian National Petroleum Company…
