President Muhammadu Buhari of Nigeria has celebrated the completion of a $1.5 billion deep seaport built by China in the commercial center of Lagos, which
Category: Africa
Nigeria: Local and International flights were disrupted by the strike.
The ground personnel started an indefinite strike on Monday in order to seek increased wages, according to airlines in Nigeria. The largest airline in
NNPC’s expenditure of $10b on fuel subsidies in 2022, ruined public finances. – Govt
According to the most recent data from the state-owned company, which was reported on Friday, the Nigeria National Petroleum Company, or NNPC, spent $4.39 trillion
Madagascar solar company secures $21m to connect 50,000 homes.
Off-grid solar firm WeLight from Madagascar has received 19 million euros ($20.57 million) to power 50,000 homes over the next two years, the company announced
MTN Ghana may declare bankruptcy with $773m in overdue taxes.
A demand for back taxes of almost $773 million, including penalties and interest costs, has been sent to the Ghanaian subsidiary of South African mobile
GTBank agrees to settle £7.6 million fine from the UK watchdog for lax money-laundering controls.
The UK subsidiary of Nigeria’s Guaranty Trust Bank was fined £7.6 million ($9.3 million) by Britain’s financial watchdog for what it claimed were additional shortcomings
Nigeria’s $53b loan swap: Additional $4b interest to be paid if jettisoned by lawmakers. – Buhari.
President Muhammadu Buhari declared on Tuesday that if parliament rejects a request for a loan-to-bond swap on the central bank’s overdrafts to the government, Nigeria
Nigeria’s naira crashes to record low on the official market. – Refinitiv data
Following the Christmas holiday, trading resumed on the official market on Wednesday, and the naira of Nigeria touched a record low of 460.20 to the
Nigeria: Central Bank’s money printing gambit ruined the economy, Senate concurs.
Following concerns from some legislators, the Nigerian Senate on Wednesday increased the country’s 2023 budget by 6.4% to 21.83 trillion naira ($49 billion) and postponed
Nigeria to convert $53b Central Bank short-term loans to long-term, in view of economic downturn.
President Muhammadu Buhari said in a letter to parliament that Nigeria will convert a total of 23.7 trillion naira ($53 billion) in short-term loans owed
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