Kenyan court blocks Flutterwave’s accounts holding $3.3m
The Kenyan High Court on Tuesday ordered the seizure of $3.3 million belonging to Nigerian financial technology company, Flutterwave. Justice…
Relief, as first Africa-bound Ukrainian wheat shipment since Russia’s invasion finally arrives
The shipment, which arrived Djiboutian shores yesterday, would be heading to land-locked Ethiopia where millions of people are starving. The…
NNPC to supply Dangote refinery crude oil for 20 years
The Nigerian National Petroleum Company Limited has reached an agreement with Dangote Refinery to supply crude oil for 20 years.…
Nigerian government to borrow N9.32tn for 2023 budget deficits
The Federal Government will once again depend heavily on domestic and foreign creditors in 2023, as the Minister of finance,…
INDUSTRY REVIEW: Nigeria’s top five performing sectors outside oil category in Q2 2022
Nigeria’s Gross Domestic Product (GDP) rose to 3.54% year-on-year in the second quarter of 2022, falling 1.47% below the 5.01%…
Dangote to cut sugar import by 40%
The management of Dangote Sugar Refinery Plc has said it is set to reduce the importation of sugar into the…
CBN records $2.4bn from ‘Naira 4 Dollar Scheme’ in eight months
The Director, Trade and Exchange department of the Central Bank of Nigeria (CBN) Ozoemena Nnaji, said the ‘Naira 4 Dollar…
Nigeria’s exports jumps by 62% in six months, highest since 2018
Nigerian Export Promotion Council (NEPC) has announced that non-oil products exported out of the country rose to N1.77 trillion in…
Nigeria’s non-oil exports reached $2.5bn in H1 2022 –NEPC
The Nigerian Export Promotion Council (NEPC) said on Wednesday Nigeria exported products worth $2.593 billion in the first half of…
Nigeria National Petrol Corporation, NNPC makes N2.38trn in six months, remits zero naira to govt account
At a time many oil-producing countries in the world are cashing out big, the Nigerian National Petroleum Company (NNPC) Limited…