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Finance & Economy - Page 2

Africa·Finance & Economy·News·Technology

Egypt Rolls Out App To Digitize Banking, Government Transactions

Egypt’s Central Bank (CBE) has launched the website for Haweya, the country’s first national digital identity platform, which enables citizens to verify and utilize their digital identity for banking and government transactions. The launch is part of Egypt’s plan to transition to

October 19, 2025

Business·News·Oil & Gas

Sahara Group Targets 350,000 bbl/d, Acquires 7 Rigs to Boost Upstream Operations

This rig acquisition, Aihebva noted, is central to Sahara's plan to boost its production to at least 350,000 bbl/d of oil and 1,000,000 MMScf/d of gas in Nigeria within the next five years.

October 5, 2025

News·Oil & Gas·Top Stories

Don’t Demonize Dangote and Fail To Compel NNPCL To Convert Contract Staff To Full Employment – CSO Warns NUPENG, PENGASSAN

Nigeria's $20 billion Dangote Refinery almost came to a halt after the oil workers' unions launched an industrial action protesting the alleged dismissal of more than 800 employees

October 4, 2025

Entrepreneurship·Markets·Startup·Technology

CBN’s Android POS Directive Could Upend Nigeria’s ₦8 Trillion Payment Industry — Here’s Why Fintechs, Agents, and Banks Should Be Worried

The Central Bank of Nigeria (CBN) has quietly set the stage for one of the most consequential shake-ups in the country’s financial technology ecosystem. In a directive that many industry players initially dismissed as a technical update, the apex bank has ordered

October 4, 2025

Finance & Economy·News

Nigeria Faces Reform-Poverty Dilemma, Ex-Statistician-General Kale Warns

Former Statistician-General of the National Bureau of Statistics (NBS), Dr. Yemi Kale, has warned that Nigeria is now home to one of the world’s largest concentrations of poor people, with millions slipping into hardship as reforms reshape the economy. Speaking in Lagos

October 3, 2025

Finance & Economy·Top Stories·World News

US Government Shutdown: A Partisan Standoff with Far-Reaching Consequences

Medicare and Medicaid payments will continue, but some administrative functions may slow down. National parks may remain open without visitor services, and food assistance programs may face disruptions.

October 1, 2025

Dangote Refinery Cuts Diesel Price To ₦960 Per Litre

News·Oil & Gas

PENGASSAN Suspends Strike as FG Brokers Peace with Dangote Refinery

The Federal Government has brokered peace between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and Dangote Refinery, leading to the suspension of the union’s nationwide strike. Minister of Labour and Employment, Dr. Mohammed Maigari Dingyadi, confirmed the truce

October 1, 2025

Finance & Economy·Opinion·Top Stories

The Nigerian Economy At 65, By Muda Yusuf

Nigeria has experienced eight recessions since independence — in 1967, 1975, 1978, 1981–1983, 1993, 2016, and 2020 — largely triggered by oil price shocks, fiscal mismanagement, or global crises. Each downturn revealed the same structural fragilities: heavy reliance on oil revenues, weak

October 1, 2025

News·Oil & Gas

Court Injunction Disputed as PENGASSAN Holds Ground on Strike, Political Reactions Intensify

The standoff between Dangote Petroleum Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) deepened on Monday as the union dismissed reports of a valid court injunction halting its nationwide strike. Reports earlier in the day suggested that

September 30, 2025

Finance & Economy·World News

US Government Shutdown Could Affect Markets Globally

Since 1950, there have been 21 such episodes, most lasting only a few days. The longest, in 2018–2019, stretched on for 35 days and cost the economy an estimated $3 billion in permanently lost output.

September 30, 2025

Africa·Business·News·Oil & Gas

TAY Oil Services, Polaris Commission Onshore Seismic Survey for AGOCO in Libya

Early summer 2025 marked the debut deployment of the TAY Oil-Polaris newly acquired semi-automated, containerized seismic system

September 30, 2025

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Finance & Economy - Page 2

Egypt Rolls Out App To Digitize Banking, Government Transactions

Sahara Group Targets 350,000 bbl/d, Acquires 7 Rigs to Boost Upstream Operations

Don’t Demonize Dangote and Fail To Compel NNPCL To Convert Contract Staff To Full Employment – CSO Warns NUPENG, PENGASSAN

CBN’s Android POS Directive Could Upend Nigeria’s ₦8 Trillion Payment Industry — Here’s Why Fintechs, Agents, and Banks Should Be Worried

Nigeria Faces Reform-Poverty Dilemma, Ex-Statistician-General Kale Warns

US Government Shutdown: A Partisan Standoff with Far-Reaching Consequences

PENGASSAN Suspends Strike as FG Brokers Peace with Dangote Refinery

The Nigerian Economy At 65, By Muda Yusuf

Court Injunction Disputed as PENGASSAN Holds Ground on Strike, Political Reactions Intensify

US Government Shutdown Could Affect Markets Globally

TAY Oil Services, Polaris Commission Onshore Seismic Survey for AGOCO in Libya

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Cargo Plane Skids Off Runway, Killing 2 Crew Members

Japan’s Stocks Could Rally Further As Takaichi Becomes First Female PM

‘UK Borrowing Crisis Makes pension Tax Raid Almost Inevitable’

UPDATED: Moniepoint Managers Speak On $200 million ‘Miraculous’ Fundraise – Backed by DPI, Google, Visa, IFC, and LeapFrog

Japan’s Stocks Could Rally Further As Takaichi Becomes First Female PM

UPDATED: Moniepoint Managers Speak On $200 million ‘Miraculous’ Fundraise – Backed by DPI, Google, Visa, IFC, and LeapFrog

‘Rare Earths ‘Arms Race’ Will Define 2026’

Gold Steady Above USD 4,250, Markets Await CPI, US-China Talks

Cargo Plane Skids Off Runway, Killing 2 Crew Members

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