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Togo, Benin Owe Nigeria $14m For Electricity Supplied In Q1 2024 -NERC Says
The Nigerian Electricity Regulatory Commission (NERC) has revealed that Togo and Benin Republic owe Nigeria $14.19 million for electricity supplied in the first...
FinanceNews
Kerosene Prices in Nigeria Reached New High in July, N2,380 in Some States – NBS
The average retail price of household kerosene in Nigeria hiked to N1,769.86 per litre in July 2024, according to the National Bureau of...
FinanceNews
Access Bank Close To Sealing Acquisition of National Bank of Kenya
Access Bank is nearing the completion of its acquisition of the National Bank of Kenya (NBK) from the KCB Group. The transaction, which...
FinanceNews
Nigeria’s NIBSS Partners Zone Ltd On Blockchain Payment Options
The Nigeria Inter-Bank Settlement System (NIBSS), a payment clearing house owned by the Central Bank of Nigeria, or CBN, has joined Africa’s first...
FinanceNews
Kano Anti-Corruption Commission To Probe Multi-Billion Naira Drug Contract Scam Involving All 44 LGAs
The Kano State Public Complaints and Anti-Corruption Commission has launched an investigation into an alleged multi-billion naira drug purchase contract scam involving all...
FinanceNews
Just In: Kenya’s Supreme Court Allows Ruto to Reinstate Controversial Finance Act That Triggered Protests
The Supreme Court of Kenya has suspended the Court of Appeal’s decision to nullify the Finance Act 2023. This would allow the government...
FinanceNews
Just In: Cooking Gas Prices Increased in Nigeria by Over 55% In One Year, NBS Reports
The National Bureau of Statistics (NBS) has reported a steep rise in cooking gas prices across Nigeria. The cost of refilling a 12.5kg...
FinanceNews
Just In: Days After Condemning Killing of Peaceful Protesters, Police Summon NLC President Over ‘Terrorism Financing, Subversion, Cybercrime’
The Nigeria Police Force has summoned Joe Ajaero, the President of the Nigeria Labour Congress (NLC), for questioning. This is over allegations including...
FinanceNews
Libya’s Central Bank Resumes Operations After Kidnapped Official Freed
Libya’s apex bank, the Central Bank of Libya (CBL), has resumed operations following the release of Musaab Muslamm, the head of its information...
FinanceNews
Kano Governor Denies Awarding Drug Supply Contract To 44 LGAs
Kano State Governor Abba Yusuf has denied any knowledge of a recent contract allegedly awarded for the supply of drugs to the state’s...
FinanceNews
Some Pensioners Receive as Low as N500 Monthly – Nigeria Union of Pensioners Laments
The Nigeria Union of Pensioners (NUP) revealed that some retirees in Nigeria receive monthly pensions as low as N500 to N3,500. Alhassan Musa,...
FinanceNews
Gold Prices Soar To An All-time High as Dollar Weakens
Gold prices soared to an all-time high on Friday, reaching $2,500.99 per ounce as the dollar weakened and expectations grew for a United...