West Africa

West Africa

Idle NNPC Refineries Sell N463.63m Worth Of Electricity

While they did not process a single barrel of crude oil in 2020, Warri and Kaduna refineries earned a total of N463.63m from the...
Akudo Abengowe -
Market

Stocks Extend Decline, Investors Lose N177bn

The market capitalisation of equities listed on the Nigerian Exchange Limited plunged by N176.64bn last week as the All-Share index dropped for five consecutive...
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West Africa

Lagos State Governor signs VAT-Bill Into Law

Lagos State Governor Babajide Sanwo-Olu on Friday signed into law the State VAT Bill. The state commissioner for information and strategy Gbenga Omotosho in a...
Akudo Abengowe -
Cryptocurrency

MORE MESURES PUT TO PLACE AS CENTRAL BANK OF NIGERIA PREPARE FOR eNAIRA

There are indications that the Central Bank of Nigeria, CBN, is almost ready to usher in a new level of financial transaction experience in...
Akudo Abengowe -
Africa Top News

In Five Years, Nigeria’s Bilateral Loans Rise By 145%

Nigeria’s loans from China, France, Japan, India and Germany rose from $1.66bn as of December 31, 2015 to $4.06bn as of December 31, 2020,...
Akudo Abengowe -
Market

NIGERIA NAIRA HITS RECORD LOW OF 530 NAIRA TO 1 USD

Naira, Nigeria’s legal tender on Thursday fell to N530 per dollar on the parallel market also known as the black market. The depreciation of...
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