The stock market recorded limited movement on Monday after closing trading before Deputy President William Ruto was declared the winner of the presidential elections amid chaotic scenes and rejection of …
Category:
Economy
The Naira on Monday depreciated against the dollar at the Investors and Exporters window, exchanging at N430. The figure represented a decrease of 0.09 per cent compared with the N429.62 …
- AfricaAFRICA NEWSEconomyNewsNigeriaTrending TodayWestern Africa
Nigeria’s Inflation surges to 19.64%, the highest since 2005
Nigeria’s inflation rate in the month of July 2022 rose to a 17-year high of 19.64%. This compares to 18.6% recorded in the previous month of June 2022. The latest …
- Eastern AfricaEconomyOil & Gas
Kenya’s Oil traders will receive Sh24.5 billion while fuel prices remain unchanged
The State will pay oil marketers an estimated Sh24 billion in the largest monthly fuel subsidy to keep pump prices unchanged and ease public anger over the rising cost of …
- AfricaAFRICA NEWSBusinessEconomyNewsNigeriaOil & GasWestern Africa
Federal Government of Nigeria inaugurates team to tackle gas flaring
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) at the weekend inaugurated a 12-member Flare Gas Commercialisation Programme Team with responsibility to drive the process and coordinate the Flare Gas Commercialisation Programme …
Tea prices at the weekly Mombasa auction increased slightly last week even as volumes traded remained steady. At the auction, a kilo averaged USD2.21(Sh263.99) up from USD2.20(Sh262.79) in the previous …
- AfricaAFRICA NEWSBusinessEconomyEgyptNewsNorth AfricaNorthern Africa
Egypt plans to issue $6B Eurobonds in FY 2022/2023
Egypt is planning to issue Eurobonds worth around $5 billion to $6 billion during fiscal year (FY) 2022/2023, an informed government source told Asharq Business on August 14th. It is worth mentioning …
- AfricaAFRICA NEWSEconomyNewsNigeriaWestern Africa
‘Tax the rich, increase salaries by 50%’, NLC writes to the Federal government of Nigeria
The Nigerian Labour Congress (NLC) has asked the federal government of Nigeria to raise taxes across the board for the ‘rich’ and ensure that governors above 50 years resign. The …
- AfricaAFRICA NEWSAgricultureBusinessEconomyFood ProductionNewsNigeriaWestern Africa
Nigeria incurs N3.5tn post-harvest loses annually, says Minister
The Federal Government of Nigeria on Thursday put the economic cost of post-harvest losses at N3.5 trillion annually in the Agricultural sector. The Minister of State for Agriculture and Rural …
- AgricultureEconomyMorrocco
Moroccan Fertilizers Tariffs should be suspended US Attorney, Tom Miller says
Earlier this week, US lawmaker and Iowa Attorney General, Tom Miller, joined farmers’ unions in calling the White House to waive tariffs on Moroccan fertilizers. Miller called on President Biden’s …