How Nigeria lost N16.25tn crude in 12 years – NEITI
Nigeria Extractive Industries Transparency Initiative, has revealed that the country lost 619.7 million barrels of crude oil worth $46.16 billion or N16.25 trillion in 12 years, from 2009 to 2020.…
How new CBN withdrawal policy’ll affect SMEs – Expert
Financial experts have said that the Central Bank of Nigeria's recently imposed withdrawal cap will have more impact on small and medium enterprises. Small company owners in Nigeria worry that…
2023: TotalEnergies targets N85b revenue in Q1
TotalEnergies Marketing Nigeria Plc is aiming to generate N85.97 billion in revenue for the first quarter of 2023. This was stated in its Q1 2023 earnings projection, which was made…
Fuel queues persist despite NNPC price slash
Despite a 17 kobo reduction in the ex-depot price of the commodity, Premium Motor Spirit, also known as gasoline, queues may still form in many states, oil marketers warned…
Adjust cash withdrawal limit, Senate urges CBN
In response to public outcry over its proposed weekly withdrawal on cashless policy, the Senate has urged the Central Bank of Nigeria to significantly adjust withdrawal limits. According to…
Visa to invest $1bn in Africa
Visa Inc has disclosed plans to invest $1 billion in Africa over the next five years to capitalize on the emerging economy's rapid growth in digital payments. The company announced…
NBTE accredits Charkin Maritime Academy
The National Board for Technical Education, has given Charkin Maritime Academy in Port Harcourt, Rivers state accreditation to run two programmes in the institution. The accreditation was conveyed to…
US, Africa sign MoU to foster trade
The United States Chamber of Commerce's, Africa Business Center and the African Continental Free Trade Area Secretariat have signed a Memorandum of Understanding (MoU) today to form a working group…
West Africa gets US’ $4m grant to tackle child labour
The United States Department of Labour has announced a $4 million award to support the International Labour Organization’s work to implement a technical assistance project in West Africa. …
Nigerians buy Delta Airline flight tickets in dollars
International carrier, Delta Airlines, has begun selling tickets to passengers in US dollars even as foreign airline funds continue to be trapped in Nigeria. It was learned that this was…
Ghana receives IMF’s $3bn bailout fund
Ghana has signed a $3billion bailout agreement with the International Monetary Fund following months of declining economic revenue. This is a follow-up visit to Accra, Ghana, by an IMF team…
How Metaverse’ll impact businesses in 2023 – PwC
PwC, a leading professional services firm, has made six predictions about Metaverse and how it will impact businesses in 2023. The predictions, according to the firm, will help businesses position…
