Following the Central Bank of Nigeria (CBN) mandate to Deposit Money Banks (DMBs) to improve lending to the real sector of the nation’s economy, credit to private sector has so far in 2022 added N4.69trillion to reach N39.87 trillion in July. According to the latest money and credit statistics released by central bank, credit to […]
Tag: Business and Finance
Having won the 3.5GHz spectrum licence for 5G network rollout since December last year, coupled with the issuance of 5G spectrum licence in May this year, MTN Nigeria Communications Limited is set to roll out its 5G network today. The Chief Executive Officer of MTN Nigeria, Mr. Karl Toriola had said MTN was ready for […]
China, the largest government creditor to emerging economies, has said it will forgive 23 interest-free loans to 17 African countries and redirect $10 billion of its International Monetary Fund (IMF) reserves to nations on the continent. Foreign Minister Wang Yi announced the cancellations in a meeting of the Forum on China-Africa Cooperation, according to a […]
Rwanda will now have full control over her upper aerial space, after more than three decades in the hands of the government of Tanzania. A handover deed was signed last week by both governments after Rwanda notified of her intention to withdraw and directly discharge her responsibility of providing air traffic services in her upper […]
Feilden Clegg Bradley Studios (FCBStudios), a British architectural design firm, has been selected to develop the green city Kigali master plan and detailed designs for the pilot phase. Established in 1978, with offices in Bath, London, Manchester, Belfast and Edinburgh, the firm is known for its pioneering work in sustainable design and social design agenda. […]
Manufacturers and importers complain about the nation’s import duty pricing of some raw materials which are being valued based on spot price instead of the transaction value of the commodity. When Kazeem Ganiyu shut down operations at a bakery in Muslim-Odinjo area of Ibadan, Oyo State, last February, he lamented the rising cost of production […]
The DRC has two main goals in selling oil blocks that overlap with the world’s second largest rainforest. Neither involves developing oil. On 28-29 July, the Democratic Republic of Congo (DRC) prompted protest and concern as it put the licensing rights for 30 oil and gas blocks up for auction. Despite the government’s reassurances than […]
Millions of people with email accounts have undoubtedly encountered fraudulent emails that originate from Nigeria. Online fraudsters from the huge west African nation are also known as Yahoo Boys. According to data from the Federal Bureau of Investigation analysed in academic research, they have defrauded millions of victims worldwide. Statistics about the actual value of […]
The minister of Finance and Economic Affairs Hon. Seedy Keita has stated the government of The Gambia is committed to addressing the current geo-political and economic challenges through the “formulation of responsible fiscal policies and sustainable sectorial strategies” to improve the country’s living standards and the wellbeing of citizens. He made these remarks while delivering […]
Rights activist and the Convener of Concerned Nigerians, Deji Adeyanju restated his support for the prolonged strike embarked upon by members of the Academic Staff Union of Universities (ASUU). Adeyanju, in a tweet via his Twitter handle on Monday, asked ASUU to continue with its strike action until all their demands are granted by the […]
Farmers in the 16 local government areas and the two special development areas of Taraba State have recorded low food production in the 2022 farming season due to the worsening insecurity in the state. Investigation by LEADERSHIP showed that most yam markets in the state have converted to timber shades because there are no yams […]
The Nigerian Civil Aviation Authority (NCAA) and the Federal Airports Authority of Nigeria (FAAN) yesterday denied an increase in charges payable by stakeholders in the sector. FAAN specifically debunked the rumour that it had increased the landing and parking charges payable by foreign and domestic airlines. The Director General of NCAA, Capt Musa Nuhu, and […]
Data from the Independent System Operation (ISO), a unit of the TCN, showed that power generation stood at 4,149.40MW from 21 power plants as of 6am on Wednesday. However, the figure dropped to 1,635MW from 17 plants when the protesters started shutting down the plants. The day’s business had remained seamlessly for hours until sudden […]
Ghana is implementing a National Export Development Strategy to increase non-traditional export revenues to $25billion by 2029. The Deputy Minister for Trade and Industry responsible for International Trade, Mr Herbert Krapa, who disclosed this on Monday at the Afreximbank Export Trading Companies Seminar in Accra, added the Ministry had identified 17 priority products for export […]
Kassala / El Fasher / Abyei — Medics in Kassala threatened to go on strike if the hospital director was not dismissed within 24 hours, whilst medics in North Darfur remained on strike for the fourth consecutive week. Workers and locals in West Kordofan closed the Canar oil field to demand better conditions. On Sunday, […]
Monrovia — The United Nations in Liberia is hosting a one-day roundtable dialogue with the private sector on Tuesday, 23 August 2022, at the Monrovia City Hall to discuss and identify opportunities for mutual collaboration and partnership. The Dialogue, to be led by the UN Resident Coordinator, will include the participation of the Liberia Chamber […]
Cape Town — The discovery of a gene resistant to the virus that causes the devastating cassava mosaic disease could aid the development of disease-resistant cassava varieties and boost food security in Sub-Saharan Africa, scientists say. In Sub-Saharan Africa, cassava farming is constrained by weeds and viral diseases, particularly the cassava mosaic disease, caused by […]
Way before COVID, in 2005 the World of Warcraft game developers accidentally introduced an extremely virulent highly contagious disease into this game which then spread to infect the whole fantasy world and caused a virtual pandemic. As far removed as this may seem from the goings on in the real world, the spread of this […]