CENTRAL BANK OF NIGERIA RELEASES $500 MILLION TO PAY OFF ADDITIONAL VERIFIED FOREX LIABILITIES

The Central Bank of Nigeria (CBN), in an effort to clear the backlog of confirmed foreign exchange transactions, has issued $500 million to a...

SOUTH AFRICA RECORDS DROP IN INFLATION

According to official statistics released on Wednesday, South Africa's monthly inflation rate fell 0.4 percentage points to 5.1% in December.  The National statistics agency...

GHANA TO RECEIVE $300 MILLION FROM WORLD BANK TO AID ECONOMIC RECOVERY

The World Bank Group has approved a $300 million funding package to support Ghana's economy. This choice comes after Ghana recently reached a deal...

NIGERIA GOVERNMENT APPROVES NEW STRUCTURE FOR FIRS

The Federal Government of Nigeria has authorized a new organizational structure for the Federal Inland Revenue Service to improve operations. The agency announced this...

NIGERIA RAILWAY CORPORATION TO RESUME TRAIN SERVICES ON ABANDONED ROUTES

The process of bringing historical narrow gauge networks back is now the focus of the Nigerian Railway Corporation (NRC). The Eastern line is presently...

NNPCL SECURES OVER $2 BILLION OIL-FOR-CASH LOAN FROM AFREXIMBANK AND UBA

In a statement by UBA, an initial $2.25 billion has been disbursed, with an additional $1.05 billion expected soon, making a total of $3.3...

CBN APPOINTS NEW EXECUTIVES FOR UNION BANK, KEYSTONE BANK, AND POLARIS BANK FOLLOWING DISSOLUTION OF BOARDS

The Central Bank of Nigeria (CBN) has announced the appointment of new executive officers for Union Bank, Keystone Bank, and Polaris Bank, marking the...

UGANDA TO DESTROY $78 MILLION WORTH OF EXPIRED COVID VACCINES

An audit report unveiled a staggering loss for Uganda as COVID vaccines and crucial HIV antiretroviral drugs, collectively valued at 28.1 billion Ugandan shillings...

NIGERIA’S POWER SECTOR TO GET N450 BILLION FUNDS

In 2024, the Federal Government plans to spend N450 billion on power initiatives. According to the Nigerian Bulk Electricity Trading Company's budget study. The...
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