Business

Afreximbank Launches Trade Payment Services

Afreximbank developed the product specifically to address the banking challenges confronting African economies.

2 years ago

Shell Steps Up Fossil Fuels Divestment, Acquires Nigerian Firm in First African Renewables Deal

Shell is one of the most influential oil producers in Africa, but the Daystar purchase is its first power acquisition…

2 years ago

Elon Musk Seeks to End SEC ‘Muzzle’ Requiring Pre-Approval of Tweets

Musk is separately trying to abandon his April agreement to buy Twitter for $44bn.

2 years ago

In Aggressive Bid to Tame Inflation, Nigeria Raises Interest Rates to 15.5%

Addressing foreign airlines, CBN Governor Emefiele said, “It (BASA) does not say that you must repatriate your dollars through the…

2 years ago

Amazon to Hold Mid-October Sale to Capture More Holiday Spending

The "Prime Early Access Sale" will start October 11 at 0700 GMT for 48 hours in 15 countries.

2 years ago

Oil Prices Fall for a Second Day on Concerns for Expected Recession

Central banks in numerous oil-consuming countries have raised interest rates to fight surging inflation.

2 years ago

Nigeria Spends 94.7% of August Oil and Gas Revenue on Petrol Subsidy

In August, Nigeria produced its least amount of crude oil in decades, at about 972, 000 barrels per day.

2 years ago

The CBN Governor said low revenue from oil is responsible for the current foreign exchange crisis in the country.

2 years ago

Bankers Flee Nigeria’s Stagnating Economy as Brain Drain Worsens

Africa’s biggest economy has suffered through two recessions in the last six years.

2 years ago

Oil, Gas Industry Operators in Nigeria to Get 10-year Tax Vacation When Petroleum Act Takes Off Fully

He said government has taken steps to sustainably implement and operationalise the Petroleum Act 2021.

2 years ago