Nigerian Government Approves Approves 11 New Electricity Generation Licenses.
The Nigerian Electricity Regulatory Commission has disclosed that it has issued 11 new electricity generation licenses. The approval of 11 new GenCos takes the country’s electricity generating plants ...
3 Feb 20231min
Central Bank of Nigeria Engages Microfinance Banks, PoS Operators In Rural Area
The Central Bank of Nigeria says it has engaged the microfinance banks and point-of-sale operators to swap the old currency across troubled communities in Zamfara State to boost the availability of th...
3 Feb 202354s
Nigerian President Inaugurates Ministry Of Finance Incorporated Board
President Muhammadu Buhari has officially launched the Ministry of finance incorporated which was originally set in 1959 through an act of parliament, as a custodian of the Federal government’s invest...
3 Feb 20231min
Biden Moves To Halt US Exports To Huawei
The US government has stopped approving licenses for American firms to export most items to Chinese technology giant Huawei. It comes as the Biden administration continues to tighten its rules on expo...
1 Feb 202349s
UK Expected To Be Only Major Economy To Shrink In 2023
The International Monetary Fund says the UK economy will shrink and perform worse than other advanced economies, including Russia, as the cost of living continues to hit households. The IMF says the e...
1 Feb 20231min
U.K Government Promises Robust Crypto Regulation
The government is announcing measures to robustly regulate the cryptocurrency industry. It says the proposals, being published will give consumers confidence while allowing the sector to thrive. Minis...
1 Feb 202350s
Zimbabwe and Belarus Signs Agriculture and Defence Deal
The leaders of Zimbabwe and Belarus have signed agriculture and defence agreements. This includes a deal to supply the southern African country with $60m (£49m) worth of tractors. President Alexander ...
1 Feb 202350s
Cameroon Cuts Fuel Subsidies As Fuel Price Rise
Fuel prices in Cameroon will rise by about 15% after the government agreed to pressure from the International Monetary Fund to cut fuel subsidies. A litre of diesel will rise from 575 CFA francs to 72...
1 Feb 202355s
