PLANS OF REFINED OIL IMPORTATION IN AFRICA BY ZAMBIA

Zambia has engaged in fuel importation from Angola in a bid to reduce fuel price. According to the President of the country, Hakainde Hichilema during...

€2.85MILLION GERMANY’S AGRIC FUND BENEFICIAL TO NIGERIA

The Federal Ministry for Economic Cooperation and Development of Germany is assisting the Standards and Trade Development Facility with the huge sum of €2.85...

NIGERIA’S FISCAL POSITION WEAKENED BY DEBT AND OTHER EXPENSES

According to the recent Global Economic Prospects report on Tuesday by the World Bank, Nigeria's fiscal position has waned as a result of increasing...

NIGERIAN BANKS BEGIN ENFORCEMENT OF CASH LIMITS POLICY

On the 9th of January,2023, over twenty deposit money banks across Nigeria began the implementation of the CBN’s new withdrawal limit policy. This implementation...

NAIRA CARDS TRANSACTION: REACTIONS AS INTERNATIONAL TRANSACTIONS ARE STOPPED

On the 29th of December, 2022, Guaranty Trust Bank, also known as GTB or GTbank, sent a notification email to their customers that the...

WORLD BANK PREDICTS ECONOMIC GROWTH IN 2023 FOR 5 AFRICAN COUNTRIES

Inspite of the looming global recession predicted for 2023, the World bank analysis, foresees a growth projection for Sub-Saharan Africa. Although the recession is...

Nigeria to benefit from increased energy investments of German Companies in 2023

German companies plan to boost their activities in Africa next year, with a main focus on the green energy and natural gas sector. Nigeria...

WORLD BANK PLEDGES TO SUPPORT KENYA IN BECOMING AFRICA’S TECH PRIME

The World Bank has assured to support Kenya with Sh1.5 billion to the cause of her technology renovation which was made known in a...

NEW NAIRA NOTES: INSUFFICIENT ALLOCATION AS DEMAND INCREASES

With the disbursement of the new naira notes comes mixed reactions as Banks and customers complain of the insufficient allocation. Some complained that the old...

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