zenith bank raises withdrawal limit to n200,000 per day

Zenith Bank Raises Withdrawal Limit To N200,000 Per Day

Nigeria’s deposit money banks have increased the daily ATM withdrawal limit to N200,000 per day. Zenith Bank, one of the top banks in the country, announced the revised transaction limits, allowing customers to withdraw up to N200,000 from their ATMs nationwide, even if they bank with other financial institutions.  However, the N500,000 weekly cashless policy […]

vehicle owners have to pay n1,000 every year for ownership certificate

Vehicle Owners Have To Pay N1,000 Every Year For Ownership Certificate

The Federal Government of Nigeria has introduced a new policy that requires vehicle owners to pay an annual fee of N1,000 for a Proof of Ownership Certificate.  This means that vehicle owners now have an additional expense on top of their regular vehicle payments.  The government estimates that there are approximately 12 million vehicles in […]

the china africa trade expo proved successful

The China-Africa Trade Expo proved successful

The third China-Africa economic and trade exhibition, which took place in the city of Changsha on Sunday and had the subject of “common development for a shared future,” came to a close with the signing of projects totaling 10.3 billion United States dollars. The 8th Forum on China-Africa Cooperation (FOCAC) Ministerial Conference will serve as […]

botswana signs new diamond sales deal with de beers

Botswana signs new diamond sales deal with De Beers Diamond Consortium

Botswana, a landlocked country in Southern Africa, and De Beers, the world’s leading diamond company, have signed a new diamond sales deal.  The government of Botswana and the diamond mining company De Beers Diamond Consortium said on Friday that they struck an “agreement in principle.”  The De Beers Diamond Consortium, an international corporation that has […]

china – africa trade soars, two decades of unprecedented growth

China – Africa Trade Soars, Two Decades of Unprecedented Growth

Trade between China and Africa has shown a rapid and positive development trend, reaching new heights growing to $260 Billion in 2022 from less than $13 Million in 2000. China’s total import and export volume with Africa in the last five months of 2023 reached $113.5 Billion, up about 16.4 percent year-on-year.  According to the […]

cbn sets limit on online transactions and contactless payments

CBN Sets Limit On Online Transactions And Contactless Payments

The Central Bank of Nigeria (CBN) has introduced new guidelines and restrictions on contactless payments in the country.  In two circulars issued by the CBN’s Director of Payments System Management Department, the bank outlined measures to standardize operations and encourage the use of innovative payment options while ensuring financial system stability. The guidelines direct that […]

cooking gas prices for refilling 5kg, 12kg drop at a lowest level

Cooking Gas Prices For Refilling 5kg, 12kg Drop At A Lowest Level

The National Bureau of Statistics (NBS) has reported a drop in the prices of refilling 5 kg and 12 kg cylinders of Liquefied Petroleum Gas (Cooking Gas) in May 2023. The average retail price for refilling a 5 kg cylinder of Cooking Gas decreased by 6.07% on a month-on-month basis, going from N4,642.27 in April […]

conflict and tension in the central region of nigeria

Conflict and tension in the central region of Nigeria

According to community leaders and local authorities, at least 13 people have been killed in new skirmishes between farming and herding groups in central Nigeria since Friday. Herder and farmer groups in the central state of Plateau, who are contending over the usage of land and resources, have been known to engage in violent combat […]

airtel launches 5g in nigerian cities with $700 mn investment

Airtel Launches 5G In Nigerian Cities With $700 Mn Investment

Airtel Nigeria has officially launched its 5G network, becoming the second provider to offer 5G services in the country. The launch comes six months after Airtel won the auction for the 3.5GHz spectrum license conducted by the Nigerian Communications Commission (NCC). The initial rollout will cover four cities: Lagos, Ogun, Abuja, and Rivers. Airtel will […]

fertilizer manufacturer omnia holdings raises annual profit up 10%

Fertilizer Manufacturer Omnia Holdings Raises Annual Profit Up 10%

Omnia Holdings, a South African-based fertilizer manufacturer, has reported a significant achievement in its annual profit for this year. The company experienced a remarkable 10% increase in its annual profit, showcasing its strong financial performance. This growth can be attributed to various factors that contributed to Omnia’s success. Despite facing challenges in the form of […]

ghana engages in risky debt negotiations following the imf deal

Ghana engages in risky debt negotiations following the IMF deal

Since it gained its independence, Ghana has requested assistance from the International Monetary Fund a total of seventeen times, which works out to an average of once every four years. However, obtaining a rescue package from the multilateral lender proved to be a more straightforward task this time around. Not least of all, since a […]

how to apply for the srd sassa r350 grant 2023

How to apply for the SRD SASSA R350 Grant 2023

The Social Relief of Distress (SRD) grant is overseen by the South African Social Security Agency (SASSA), a government agency of South Africa that administers the country’s social security system. The SRD grant provides temporary assistance to people and families facing financial problems. Applying for the SRD SASSA grant is important to get financial help. […]

food company premier group gains 40% jump in annual profit

Food Company Premier Group Gains 40% Jump In Annual Profit

Premier Group, a South African food producer, has announced a significant increase in annual profit, with a near 40% jump despite challenges such as rising commodity prices and inflation.  The company reported a headline earnings per share of 634 cents for the year ending March 31, compared to 453 cents the previous year. The food […]

how can sudan get out of the ongoing economic crisis

How Can Sudan Get Out Of The Ongoing Economic Crisis?

The attack, involving heavy artillery fire, resulted in the tragic loss of at least 17 lives and left 106 people wounded.  The incident occurred despite a previously signed ceasefire between the Sudanese government forces and the rival Rapid Support Forces, which had been extended just a few days prior.  Both sides have accused each other […]

nigeria faces fuel shortages & panic buying after subsidy removal

Nigeria Faces Fuel Shortages & Panic Buying After Subsidy Removal

Nigeria is currently experiencing fuel shortages and long queues at filling stations in major cities after President Bola Tinubu announced the removal of fuel subsidies in his inaugural speech.  Many filling stations have either closed or are selling fuel above the approved pump price, causing frustration among customers.  Panic buying and increased prices have been […]

twitter faces lawsuit by former pr firm over unpaid bills

Twitter Faces Lawsuit By Former PR Firm Over Unpaid Bills

Twitter, an American social media company based in San Francisco, is in the limelight due to a lawsuit. Twitter’s former PR (public relations) firm has sued the social media company over unpaid bills. As per a Reuters article, Joele Frank, a leading PR firm, has filed a lawsuit against Twitter. The public relations company claimed […]

elon musk names linda yaccarino as new twitter ceo

Elon Musk names Linda Yaccarino as new Twitter CEO

Elon Musk has named Linda Yaccarino, an American media executive, as the new CEO (Chief Executive Officer) of the micro-blogging social networking site Twitter.  She is set to take over from billionaire Elon Musk as Twitter CEO in the coming weeks. She would oversee business operations at Twitter. Musk claimed that she would start her […]

how long does it take to process a nigerian passport

How Long Does it Take to Process a Nigerian Passport?

Nigeria, an African country in the Gulf of Guinea, is famous for its natural landmarks and wildlife reserves. Cross River National Park and Yankari National Park are famous places in Nigeria. Do you want to take a Nigerian Visa? Application for Nigerian Visa on Arrival Program can now be completed online. How Long Does it […]