Deloitte fined in Kenya for negligence that led to bond investors losing $40.3 million in collapsed bank
A fine of $83,960 (Sh10 million) has been imposed on Deloitte by the Capital Markets Authority of Kenya (CMA). Ikeanumba...
Oil prices edge higher as OPEC+ announces small production increase
Oil ticked up Wednesday as OPEC+ said it would raise output by 100,000 barrels per day from September. The increase...
Finally, an alternative route for Nigerian oil companies to securely transport crude oil and avoid oil theft
Following the launch of the new Amukpe-Escravos Pipeline in Nigeria, oil companies operating in the oil-rich West African country now...
Amid endless depreciation of the naira, lawmakers summon Nigeria’s Central Bank Governor to explain
Governor of the Central Bank of Nigeria, Godwin Emefiele, has been summoned before a senate committee on banking to explain...
Oil theft is the main reason Nigeria is struggling to meet OPEC output quota
The Trans-Niger Pipeline, a major pipeline that typically transports about 180,000 barrels of crude per day, has been dry since...
South Africa and Nigeria have the largest market for cryptocurrencies in Africa in 2022
South Africa ranks first in Africa due to the country’s “more advanced financial infrastructure and fiat-to-crypto payment rail.” According to...
Dangote expects refinery project to boost Nigeria’s export earnings, foreign reserves
Aliko Dangote, the founder of Dangote Cement, said his crude oil refinery plant would help Nigeria solve its foreign currency...
Nigerian logistics platform launches Kwikstore, an easy-to-use e-commerce solution to help African merchants sell online from their smartphones
Vendors can now link their KwikStores to their social media accounts, automating sales, fulfilment, inventory management and shipping. Merchants can...
Elon Musk says Starlink to begin internet service in Nigeria next month
The founder of satellite company, Starlink, Elon Musk, has revealed when the company’s operation will start in Nigeria, as the...
New NNPC to sack 500 workers
Following the new status of the commercialized Nigeria National Petroleum Company (NNPC) Limited, about 500 staff have been earmarked to...