Kenya’s Capital Markets Authority (CMA) said on Tuesday that it has developed rules to enable micro, small and medium enterprises (MSMEs) to raise capital through crowdfunding. Wycliffe Shamiah, the Chief Executive Officer of CMA, said the new rules pave the way for Kenya’s MSMEs, which employ some 15 million people in the workforce, to raise […]
Rowdiness and long queue resurfaced in many fuel stations in Lagos, on Tuesday, following a short supply of petrol, resulting in panic buying by motorists. The NewsZenith reports that queues are beginning to build in some filling stations in Lekki-Aja, Victoria Island, Apapa, Maryland, Onipan, Ikoyi Mjushin and Victoria Island among others. Our correspondent also […]
An appeal has gone to African statisticians and data experts to initiate a road map for the modernisation of the continent’s official statistical systems to provide reliable information for informed decision-making. Ethiopia’s Deputy Prime Minister and Minister for Foreign Affairs, Mr Demeke Mekonnen, made the appeal while addressing the joint opening session of back-to-back […]
The International Fund for Agricultural Development (IFAD) has announced a $5 million additional grant for Nigeria on climate resilience and to boost dry season farming. IFAD said the fund, targeted at smallholder farmers, would help to improve production. Part of it would be used to plant trees to mitigate erosion in the event of a […]
About one-third of the world economy is currently in recession due to the damaging effects of the COVID-19 pandemic and the ongoing war between Russia and Ukraine. CBN Gov. Godwin Emefiele The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele made this known in Abuja while addressing Foreign Affairs and Aviation stakeholders […]
Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, and the Director of China’s National Energy Administration, Zhang Jianhua, on Friday, said they would strengthen their ties in the energy sector. The officials spoke in a teleconference call and stressed the importance of stable long-term supplies to crude oil markets. The Saudi minister reaffirmed earlier […]
Oil prices rose by more than $1 on Thursday in response to tighter supplies and on news that China is considering a cut in the duration of quarantine for inbound visitors. Brent crude futures rose $1.33, or 1.4 per cent, to $93.74 a barrel at 1020 GMT. U.S. West Texas Intermediate crude for November delivery, […]
The Minister of Finance, Budget and national Planning, Mrs Zqainab Ahmed, on Wednesday, explained how the Federalo Government woulod operate the balanced N20.51 trillion budget on total revenue of N9.73 trillion. This is an indication that the government may borrow more than the current estimate of N10.78 trillion in 2023. Mrs Zainab Ahmed, the […]
President Muhammadu Buhari says the establishment of a National Carrier for Nigeria has reached 91 per cent completion and is expected to begin flight operations by Decemnber. The president gave the assurance at the third Ministerial Performance Review Retreat on Monday in Abuja. According to him, the feat is being boosted with the certification of […]
Dr Segun Agbaje, the Chief Executive Officer (CEO) of Guaranty Trust Holding Company (GTCO) Lagos, has advocated for inclusive digitalisation among graduates, to help equip them with the required technological drive to reduce unemployment. Agbaje said this on the sideline of the Redeemers University’s 14th Convocation Lecture on Wednesday in Ede, Osun. He also said […]