The Nigeria Customs Service (NCS) says it generated N1.293 trillion between January and June 2022 as revenue for the federation. This represents a 28.83 percent increase from the N1 trillion generated within …
Economy
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Kenyan Families will spend more of their monthly income on purchasing school items according to a survey conducted by global company World Remit. The survey showed that Kenyan families will …
- Eastern AfricaEconomyINVESTMENT
Investors in Kenya hesitant to lend the State billions of shilling in a push
Investors are unwilling to lend the government billions of shillings in a push for higher interest rates, signalling a funding headache that awaits the incoming administration. The August Treasury bond …
- AfricaAFRICA NEWSAviationBusinessEconomyNewsNigeriaTransportation & LogisiticsTrending TodayWestern Africa
Emirates shuts down flight operations in Nigeria
Emirates Airlines has announced the suspension of its flight operations to Nigeria effective September 1, 2022. The flag carrier of the United Arab Emirates (UAE) disclosed this in a statement …
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Ghana emergency MPC meeting: Goldman Sachs predicts 200bp hike in policy rate
Goldman Sachs, a global investment and research firm, has predicted that the Bank of Ghana (BoG) will raise its policy rate by 200 basis points (bp) on Wednesday when it …
- BusinessEastern AfricaEconomy
Businesses in Kenya hoping for Recommencement In Activities After Polls
Businesses in Nairobi have remained positive about resumption in activities as the election period comes to an end. This after a slowdown in activity since last week as most Nairobians …
- AfricaAFRICA NEWSEconomyEgyptEnergyNewsNorth AfricaNorthern Africa
SCZONE, Toyota Tsusho signs MoU for renewable energy projects in Egypt
Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE) signed a memorandum of understanding (MoU) with Toyota Tsusho Corporation, a member of the Japanese manufacturer Toyota Group, …
The Capital Markets Authority (CMA) has reviewed the credit rating agencies guidelines, in a bid to enhance best practices on the conduct of sovereign or company ratings in Kenya. Following …
- AfricaAFRICA NEWSBanking, Finance & InvestmentEconomyNewsNigeriaWestern Africa
Central Bank of Nigeria Raises interest rate on banks deposits to 4.2%
The Central Bank of Nigeria (CBN) has raised the interest rate on bank customers’ deposits. According to the Apex Bank, bank customers will be getting at least 4.2 per cent …
- BusinessEastern AfricaEconomyUncategorized
Kenya Power to avoid financial payment of solar from homes and businesses
Kenya Power will not offer financial payment to homes and businesses that will supply excess solar power to the national grid at their cost. The homes will offset the cost …