The World Bank has said that subsidies benefit only rich households and reduce government spending on poor Nigerians. This was contained in a statement on the bank’s website announcing the …
Economy
- Banking, Finance & InvestmentBusinessEconomyEnergyMarketsNigeria
- AgricultureBusinessEconomyMarketsMorocco
Morocco’s UM6P-Al Moutmir Program plans to Expand it’s offer to Over 25,000 Hectares
The UM6P-Al Moutmir direct seeding program plans to extend its offer to cover over 25,000 hectares for the 2022-2023 agricultural season in Morocco. The initiative is part of the program’s …
- AFRICA NEWSBusinessCryptocurrencyEconomyMarketsNigeria
Nigerians’ investment in Bitcoin increases by 5% in 2022
Nigerians’ investment in Bitcoin grew by over five per cent in 2022 despite the cryptocurrency losing $562.93bn of its market value in the same year. This year, 2022, has been …
- AFRICA NEWSBusinessEconomyINVESTMENTNigeria
Swiber Africa and PowerChina set up an agro-industrial park in Abia to boost foreign exchange
PowerChina and Swiber Africa have set up an agro-industrial park in Abia State to drive industrialization and boost foreign exchange earnings. The project, estimated at over $500m, is targeting to …
- Banking, Finance & InvestmentBusinessEconomyKenya News
I&M Bank Grows Sh7.1billion net profit in the third quarter of 2022
I&M Bank has posted a Sh7.1billion net profit in the third quarter of 2022, a 24.1 per cent growth from Sh5.7billion posted in the same period in 2021. During the …
- BusinessEconomyINVESTMENTMarketsMoroccoTechnology
Morocco’s Smartprof plans to start expanding in other West African countries
Morocco’s private tutoring marketplace Smartprof recently raised $110,000 in pre-seed funding from UM6P Ventures, Plug and Play, and business angels. In an interview with Morocco World News, Smartprof co-founder Mustapha …
- BusinessEconomyINVESTMENTMorocco
Morocco’s ambassador to Makes it’s Largest Foreign Investments in Nigeria
Morocco’s ambassador to Nigeria Moha Ou Ali Tagma has emphasized the importance of Moroccan-Nigerian cooperation, highlighting the two countries’ determination to work in different fields. In an interview with Nigerian …
- BusinessEconomyMarketsNigeriaOil & Gas
Average price for 5kg cooking gas in Nigeria increases to 71% in one year
The average price of refilling a five-kilogramme cylinder of cooking gas rose by 70.62 per cent year on year in October, the National Bureau of Statistics (NBS) has said. The bureau said …
- BusinessEconomyMarketsNigeriaOil & Gas
Nigeria exported 36% value-added products in the first six months of 2022
Nigerian businesses exported 36 per cent value-added products in the first six months of 2022, according to the Nigerian Export Promotion Council. Speaking at a press conference to announce the …
Nigeria now ranks seventh on Organization of the Petroleum Exporting Countries’ crude oil production list, according to the organization’s Monthly Oil Market Report for November, which examined oil production performance …