Ghana To Borrow $3 Billion From IMF

14 Dec 2022

The International Monetary Fund (IMF) announced on Tuesday that Ghana had agreed to a $3 billion credit agreement. Ghana’s resolve not to seek the fund’s assistance for the 17th time crumbled in July, according to Finance Minister Ken Ofori-Atta, after soaring inflation sparked widespread street protests.  The proposed three-year loan is expected to be approved […]

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Fuel scarcity: Following NNPCL approval, 20 oil companies have become major marketers

13 Dec 2022

The Nigerian National Petroleum Company Limited, NNPCL, has upgraded the status of 20 oil marketers to major markets in an effort to alleviate the difficulties associated with the sales and marketing of petroleum products. This is the first upgrade in 25 years, and there were only seven major oil marketers in Nigeria at the time, […]

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Nigeria’s Public Debt Exceeds N44 Trillion; DMO Explains

09 Dec 2022

According to the Debt Management Office (DMO), Nigeria’s public debt reached N44.6 trillion in the third quarter (Q3) of 2022. According to a statement posted on the DMO’s website on Friday, the figure released represents a 2.9 percent quarter-on-quarter decrease from the N42.84 trillion recorded in the second quarter of 2022.  According to the agency, […]

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Newly redesigned naira now in Banks, ready for insurance- Emefiele

09 Dec 2022

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the newly redesigned Naira notes are already in banks and ready for issuance. According to a statement in CBN’s official twitter handle, Emefiele said so in Daura while on a visit to brief President Muhanmadu Buhari on the Naira redesign and the […]

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Ngozi Okonjo-Iweala has been named one of Forbes’ 2022 list of the world’s most powerful women

08 Dec 2022

Ngozi Okonjo-Iweala, Director-General of the World Trade Organization (WTO), has been named one of Forbes’ World’s 100 Most Powerful Women in 2022. Forbes is a business magazine published in the United States by Integrated Whale Media Investments and the Forbes family, with a focus on business, technology, communications, science, politics, and law. The African leadership […]

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Fire destroys five petroleum tankers in Kano

07 Dec 2022

Five petrol tankers caught fire in Kano State on Tuesday, according to the Kano State Fire Service.  According to the agency, the tragic incident occurred in Kano’s Farawa Kwanar Yashi neighborhood.  The fire was said to have started in an unfinished building used as a diesel storage area and quickly spread to five tankers carrying […]

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Senate express concern over the CBN’s cash withdrawal limit

07 Dec 2022

Senators have expressed reservations over the new policy of the Central Bank of Nigeria (CBN) on cash withdrawals. The apex bank, under the new withdrawal policy, restricted the maximum cash withdrawal over the counter (OTC) by individuals and corporate organisations per week to N100,000 and N500,000 respectively. The Senate Minority Leader Phillip Aduda (PDP, FCT) […]

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A truck rams into the TCN transmission tower, causing a blackout in Abuja

07 Dec 2022

A truck collided with the Transmission Company of Nigeria’s (TCN) transmission tower, causing a power outage in some parts of Abuja. We have learned that some parts of Abuja, including Dutse, Dawaki, and Gwarinpa, have been without power for more than 24 hours.  Mbah stated that the incident caused a limited outage in Maitama, Wuse, […]

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President Buhari commissions newly built technology complex in Abuja

07 Dec 2022

President Muhammadu Buhari commissions the Newly Built Technology and Innovation Complex at National Agency for Science and Engineering Infrastructure (NASENI) Headquarters in Abuja on 6th Dec 2022 President Buhari with Chief of Staff Prof. Ibrahim Gambari, Executive Vice Chairman NASENI Engr. Prof. M.S. Haruna, Chairman Senate Committee on Science and Technology Senator Uche Ekwunife and […]

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