Ghanaian cedi is world’s worst-performing currency
The Ghanaian currency, Cedi, has become the worst performing currency in the world. Ikeanumba Africa magazine gathered that the cedi…
Dangote Refinery: Africa’s largest oil facility is 97 per cent complete
Members of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) who recently paid a visit to Aliko Dangote’s multi-billion-dollar…
Focus on the lawsuits ruffling Kenya’s tea industry
Some 1000 farm workers recently filed a suit against James Finlay Kenya Ltd. The workers said they were exposed to…
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…