Anger as Nigerian Airport is Named after Tinubu
A decision to rename Minna International Airport after President Bola Tinubu has sparked criticism in Nigeria. The government of Niger…
Year: 2024
Heatwave Exacerbates Water Shortages in Johannesburg
Authorities in Johannesburg, South Africa’s commercial hub, attribute the ongoing heatwave to reduced water flow, leaving taps dry for several…
Kenyan-led Haiti Mission in Pre-deployment Stage – Minister
The Kenyan government remains resolute in its plan to deploy hundreds of police officers to Haiti, despite the worsening gang…
Chad Announces Free Water and Electricity for Households
Chad’s government has unveiled plans to offer free water and electricity to households until the end of the year. Under…
US Investigates Honda Vehicles Over Braking Issues
The U.S. National Highway Traffic Safety Administration (NHTSA) has initiated a preliminary evaluation into approximately 250,712 Honda Insight and Honda…
Libyan Leaders Agree on Forming New Unified Government
Key Libyan leaders announced on Sunday their consensus on the imperative need to establish a new unified government tasked with…
South Africa lender absa Records Marginal Rise in Annual Profit
Absa Group, one of South Africa’s top private lenders, reported a marginal increase in annual profit despite facing higher credit…
Egypt Secures IMF Support Package, Reduce Budget Deficit
Egypt has embarked on significant initiatives aimed at decreasing its budget deficit, including the sale of real estate assets and…
Senegalese Opposition Coalition Unveils Campaign Platform
A Senegalese opposition coalition, supported by the influential figure Ousmane Sonko, launched its presidential campaign platform on Saturday, outlining ambitious…
Central African States Lift Sanctions, Reintegrate Gabon into Regional Bloc
The Economic Community of Central African States (ECCAS) decided to lift sanctions on Gabon and reintegrate it into the regional…
Chinese Regulators Urge Financial Support for China Vanke
Chinese regulators have reportedly convened meetings with financial institutions to address the challenges faced by state-backed property developer China Vanke.…
Yen Strengthens Against Dollar Despite BOJ Policy Shift
The yen saw gains against the dollar on Monday amidst indications that the Bank of Japan (BOJ) may exit negative…
Australia Poised for Interest Rate Cuts- Macquarie Group CEO
Macquarie Group CEO, Shemara Wikramanayake, forecasts that Australia’s economy is primed for interest rate reductions in 2024, aiming for a…
Nvidia is Sued by Authors Over AI use of Copyrighted Works
Nvidia, renowned for its chips powering artificial intelligence, faces legal action from three authors who claim the company used their…
Governors Assures Action on Food Crisis and Economic Hardship
The Nigeria Governors’ Forum (NGF) comprising governors from all thirty-six states has pledged to tackle the challenges of food crisis,…
Court Orders Final Forfeiture of Exotic Cars ‘Stolen’ from Canada
A Federal High Court in Lagos has issued a final forfeiture order for 36 luxury cars that were reportedly stolen…
Allegations of Budget Padding Cause Panic Among Senators
A former deputy leader of the Senate and current lawmaker from Bauchi State, Abdul Ningi, has stirred up controversy by…
Nigerian Workers Await New Minimum Wage
Lqst Thursday marked the commencement of discussions on the new minimum wage across Nigeria, sparking hope among Nigerian workers. The…
Vitafoam Nigeria Plc Shareholders Approve N1.95 Billion Dividend
At the 62nd Annual General Meeting (AGM) of Vitafoam Nigeria Plc in Lagos, shareholders unanimously approved the company’s initial declared…
African Alliance Vows to Prioritize Stakeholder Satisfaction
African Alliance Insurance reaffirms its dedication to surpassing the expectations of its stakeholders, particularly during these challenging times. The company…
Demand for Transpower, FBNH drive NGX ASI up by 2.61%
Nigeria’s stock market witnessed a resurgence of positive sentiments fueled by strong demand for shares of Transpower, FBN Holdings, and…
President Tinubu Orders Return of Seized Food Items to Owners
President Bola Tinubu has instructed the Nigeria Customs Service (NCS) to return food items seized at various border communities to…
Bank of Industry Disburses $6.02 Million to Women
The Bank of Industry (BOI) has announced the disbursement of $6.02 million out of its $10 million investment commitment to…
Exchange Disparity Narrows to 0.4%
Following recent market reforms and interventions by the Central Bank of Nigeria (CBN), there are indications of improvement in the…
AfDB President Unveils $25 Billion Agriculture Investment Plan
Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), is committed to tackling Africa’s food insufficiency challenge head-on. He…
Nigeria’s Inflation to Reach 30.3% by Year’s End- EIU
The Economist Intelligence Unit (EIU), a renowned London-based firm specializing in forecasting economic trends and political dynamics worldwide, has projected…
PenCom Denies Granting N10 Trillion Loan to FG
Mrs. Aisha Dahir-Umar, the Director-General of the National Pension Commission (PenCom), refuted reports claiming that the commission provided a N10…
Airline Operators Face Decline in Domestic Passengers
Nigeria’s airline operators are experiencing a challenging period characterized by a decline in the number of domestic passengers, as revealed…
Tinubu Signs Executive Orders on Oil, Gas Reforms
President Bola Tinubu has signed new rules to make Nigeria a prime destination for investments in the oil and gas…
African Startups Raised $217 Million in February 2024 -Report
In February 2024, startups across Africa received a remarkable $217 million in investments, marking a significant surge of 182% from…