Business Archives - Page 23 of 24

Oct

29

2022

MoneyHash to drive digital payment in sub-Saharan Africa

Business, NewsAfrica, America, Business, Economy, Technology

US-based Egyptian fintech company Moneyhash recently expanded its operations into sub-Saharan Africa, in a bid to open up the continent for its payment system, Benjamindada Blog reports. In a conversation with Techcabal, MoneyHash CEO Abdel Razek said that the company wants to enter Sub-Saharan Africa due to the payment opportunities and challenges that exist in the region. In his words: “We stumbled upon it by chance while consulting a company on their payment strategy across the region. We just assumed that someone must have set up a library or something the companies could use as a layer of abstraction.” “The…

Oct

21

2022

By Kalu Odinakachi

FG says Nigeria has lost her most-valued crude oil customers

Business, Economy, Metro, NewsBusiness, Economy, Metro, Next Level, Nigeria

Nigeria has lost its most valued crude oil customers, while some of its gas buyers now compete with the country in the same market, the Federal Government declared on Thursday. It also stated that international oil companies were massively shifting focus to alternative fuels, as the threat posed by the push for renewables was seriously gaining momentum. The government disclosed this through its Nigerian Midstream and Downstream Petroleum Regulatory Authority at the opening ceremony of the Midstream and Downstream Petroleum Industry HSE Managers’ Forum in Abuja. The Chief Executive, of NMDPRA, Farouk Ahmed, who was represented by the agency’s Executive…

Oct

16

2022

By Amos Oge Kalu

Buhari’s regime borrows N31tn, to leave N39.12tn debt for successor

Business, Economy, Opinion, PoliticsBudget, Business, Economy, Mohammadu Buhari, Nigeria, Politics

The National Assembly has approved or at least received budget estimates worth N93.453tn from the President, Major General Muhammadu Buhari (retd), in eight years. Out of the N93.453tn budgeted from 2016 to 2023, a total of N67.4tn has been committed to recurrent expenditure, including the payment of salaries and emoluments of civil servants and legislators. This amounts to 72.1 per cent of the entire budget devoted to recurrent expenditure in the life of the Buhari regime. The administration met a debt of N12.12tn on June 30, 2015, but it increased it to N42.84tn by June 30, 2022, according to statistics obtained…

Oct

06

2022

By Amos Oge Kalu

Federal Government issues fresh loan to 1.4million Nigerians

Business, Economy, Metro, PoliticsBusiness, Economy, Metro, Next Level, Nigeria, Politics

The Federal Government said it has targeted over 1.4m Nigerian for the second phase of the government Empowerment and Enterprises Program, GEEP, loan. Minister of Humanitarian Affairs and Disaster Management, Sadiya Umar Faruk, stated this on Thursday at the official flag-off of the program in Dutse, the state capital of the state. Represented by Permanent Secretary of the ministry, Nasiru Sani Gwarzo, said, the program is in line with the Federal Government’s effort to lift millions of Nigerians out of poverty. According to him “when President Muhammadu Buhari took over the mantle of leadership in 2015, over 70 percent of…

Oct

06

2022

By Chimamanda

Long queues resurface at Abuja fueling stations over suspected scarcity

Business, Economy, Lifestyle, MetroAbuja, Business, Economy, Metro, Nigeria

Long queues have resurfaced in Abuja filling states as motorists struggle to purchase Premium Motor Spirit, also known as petrol. Checks by our reporters showed that most fuel stations were locked while long queues were noticed in retail outlets in Wuse, Gwarimpa, Wuye, and Kubwa expressway on Tuesday. No official explanation has been given for the long queues, but motorists were seen making efforts to get the product and black market operators have also started to sell in jerricans A private car owner, Mr. Emmanuel Eze, said that there was fuel but does not know the reason for the queues.…