The National Bureau of Statistics (NBS) Nigeria, says on a year-on-year basis, the average retail price per litre of Household Kerosene (HHK) increased by 98.76 percent in July 2022. This …
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- AfricaAFRICA NEWSBusinessNewsNigeriaOil & GasWestern Africa
Cairo Oils and Soap (COSG) suffered a net loss after tax of EGP 45.79 million in the first half (H1) of 2022, versus a loss of EGP 34.75 million in H1 2021, according to …
- AfricaAFRICA NEWSEconomyEgyptNewsNorth AfricaNorthern Africa
Egypt’s central bank holds interest rates steady after a change of governor
The Monetary Policy Committee (MPC) decided, Thursday to keep the Central Bank of Egypt’s (CBE) interest rates unchanged for the second time in a row during the first meeting led …
- AfricaAFRICA NEWSEconomyEgyptNewsNorth AfricaNorthern Africa
MDCsczone, DP World to build $80M logistics in Egypt
Main Development Company for Suez Canal Economic Zone (MDCsczone) has signed a contract with DP World, an Emirati multinational logistics company for the establishment of a new logistics zone with …
- AfricaAFRICA NEWSCOVID-19EconomyGhanaNewsNigeriaWestern Africa
EU, GIZ launch 2.8m euro Covid-19 vaccine manufacturing project in Ghana
The European Union (EU) and the German Development Cooperation have jointly launched a 2.8 million euro Covid-19 vaccine manufacturing project in Ghana. The vaccine manufacturing project will be implemented over …
- AfricaAFRICA NEWSEconomyGhanaNewsWestern Africa
EU ends 4 years of Employment and Social Protection Programme in Ghana
The European Union(EU) has so far invested 26 million euros in the Ghana Employment and Social Protection Programme for the past four years. The Ghana Employment and Social Protection Programme …
- AfricaAFRICA NEWSEconomyNewsNigeriaWestern Africa
PenCom exempts retirees earning blow N10,000 from pensions
The National Pension Commission (PenCom) says retirees whose retirement savings account (RSA) balances cannot provide a monthly pension of at least one third of minimum wage, can take the whole …
The National Pension Commission (PenCom) has revealed that the total number of registered contributors and the value of pension fund assets in Nigeria stand at 9,795,957 million and N14.27 trillion respectively, …
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessNewsNigeriaTechnologyWestern Africa
CBN set to introduce USSD code for eNaira as transactions hit N4bn
The Central Bank of Nigeria (CBN) says it will roll out the unstructured supplementary service data (USSD) code for eNaira next week. Godwin Emefiele, CBN governor, revealed this on Thursday …
- AfricaAFRICA NEWSBusinessFinance & ServicesNewsNigeriaWestern Africa
Cashless Economy: Cheque transactions in Nigeria fall 12% to N240bn
The value of cheque transactions in Nigeria has fallen month-on-month (MoM) by 12 per cent to N240 billion in July from N274 billion in June, as the cashless economy continues …