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Finance & Economy - Page 296

States' Allocation To Increase By 69% In 2024, Yet Borrowing Persists

Africa·Finance & Economy·News·Top Stories

Kenya’s $12.5 Billion Funding Gap Deepens Borrowing Pressure

October 5, 2026

Kenya is facing growing pressure from higher financing costs as limited access to concessional funding forces developing economies to rely more heavily on expensive sources of capital, according to a report by

Africa·FEATURES·Oil & Gas

Transparency Questions Cloud Dangote’s $16bn Lamu Refinery Project

October 4, 2026

A $16 billion oil refinery planned by Nigerian billionaire Aliko Dangote in Kenya is facing growing scrutiny over ownership, government commitments and transparency, days after construction formally began. Dangote and Kenyan

Oil & Gas

Wike Declares 19 Illegal Oil Refinery Operators Wanted

Rivers state governor, Nyesom Wike, said he has identified and will arrest persons who are alleged to be involved in oil bunkering and illegal refinery activities in the state. Kelvin Ebiri, Wike’s special assistant on media, in a press statement on Sunday, said

January 10, 2022

Labour

Lagos State Governor Sanwo-Olu Prevents Nurses/Midwife Warning Strike, Resolves Crisis

By Kayode Shopekan Governor of Lagos State, Mr Babajide Sanwo-Olu, has intervened and prevented the Lagos branch of Nigerian Association of Nurses and Midwives (NANNM), from embarking on a three-day warning strike. Sanwo-Olu, on Sunday evening, had

January 10, 2022

Opinion·Finance & Economy·Startup

Reasons You Shouldn’t Run Your Business On Cash

Businesses can be run on cash basis or accrual basis but most business owners don’t know this and end up doing cash basis as that is what comes intuitively to every non-accountant

January 9, 2022

Entrepreneurship

Why You Should Consider Consumables When Starting A Business

Consumables are goods that require recurrent replacement because they are used up or transformed in their use.

January 8, 2022

Finance & Economy

BUA Foods Plc Receives Approval To List On NGX

BUA Foods Plc has announced that it has received approval to list on the Main Board of the Nigerian Exchange (NGX).

January 6, 2022

Oil & Gas

Shell Suspends Exploration Offshore South Africa After Legal Challenge

Shell has suspended seismic exploration activity off South Africa’s east coast, terminating a contract for the Amazon Warrior survey vessel after a High Court ordered it to pause work after a legal challenge by environmental groups. S&P Global Platts quoted a Shell

January 6, 2022

Agro-Economy

RIFAN Calls For Robust Investment In Climate Change Mitigation, Irrigation Agriculture

The Rice Farmers Association of Nigeria (RIFAN) has called for more investment in climate change mitigation efforts and irrigation agriculture to boost local rice production in the country in 2022. RIFAN national deputy president, Segun Atho who made the call during a

January 4, 2022

Land water bodies ruined by oil spillage

Oil & Gas

Group Urges FG, Stakeholders To Tackle Environmental Degradation In Oil Communities

An NGO, Center for Peace and Environmental Justice (CEPEJ), has urged the Federal Government and stakeholders in the oil and gas communities in Nigeria to adopt effective measures to tackle challenges of environmental degradation caused by activities of companies working in the

January 4, 2022

Oil & Gas

OPEC Appoints New Secretary-General As Mohammad Barkindo’s Tenure Ends July

The Organisation of the Petroleum Exporting Countries (OPEC) has voted to appoint Kuwaiti candidate Haitham Al-Ghais as its new secretary-general In a statement, the oil cartel said Al-Ghais was selected at a special meeting of the Conference of OPEC held via videoconference on Monday,

January 4, 2022

Finance & Economy

Presidency Denies Rift With NASS Over 2022 Budget Alteration

The Presidency has denied the existence of any conflict between it and the National Assembly arising from the alterations made in the 2022 budget by the lawmakers.

January 3, 2022

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India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

India and New Zealand’s free trade agreement (FTA) will take

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Shareholders in Nigeria’s industrial goods sector recorded massive returns in

Naira Weakens Against Dollar, Gains On Pound, Euro In Official Market

On Thursday, the official foreign exchange (FX) rate for the

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Finance & Economy - Page 296

Kenya’s $12.5 Billion Funding Gap Deepens Borrowing Pressure

Transparency Questions Cloud Dangote’s $16bn Lamu Refinery Project

Wike Declares 19 Illegal Oil Refinery Operators Wanted

Lagos State Governor Sanwo-Olu Prevents Nurses/Midwife Warning Strike, Resolves Crisis

Reasons You Shouldn’t Run Your Business On Cash

Why You Should Consider Consumables When Starting A Business

BUA Foods Plc Receives Approval To List On NGX

Shell Suspends Exploration Offshore South Africa After Legal Challenge

RIFAN Calls For Robust Investment In Climate Change Mitigation, Irrigation Agriculture

Group Urges FG, Stakeholders To Tackle Environmental Degradation In Oil Communities

OPEC Appoints New Secretary-General As Mohammad Barkindo’s Tenure Ends July

Presidency Denies Rift With NASS Over 2022 Budget Alteration

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ICPC Petitioned Over Alleged N50bn Contract, N1.9bn Shortfall in Presidential Amnesty Programme

Lithium: Will Nigeria Repeat the Oil Curse?

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Kenya’s $12.5 Billion Funding Gap Deepens Borrowing Pressure

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UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Naira Weakens Against Dollar, Gains On Pound, Euro In Official Market

Nigeria Military Aircraft Crashes in Ondo State With 32 Aboard

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