Tullow Exits Kenya as Gulf Energy Takes Over Turkana Oil, Government Ramps Up Commercialisation
After 14 years in Kenya, British oil explorer Tullow Oil has officially exited the country, selling its entire Kenyan operations…
Year: 2025
CBK Caps Mobile Money Fees: M-Pesa and Airtel Users to Pay Less for Transfers in Kenya
Kenyans could soon enjoy cheaper mobile money transfers as the Central Bank of Kenya (CBK) moves to cap transaction fees…
ECG Records Historic GH¢1.74 Billion Revenue in July 2025 Amid Major Reforms
The Electricity Company of Ghana (ECG) has hit a historic milestone, raising GH¢1.74 billion in revenue in July 2025, marking…
Ghana Aims for Full Digital TV Migration by Q2 2026 Amid GH¢82 Million Set-Top Box Duty Challenge
Ghana is set to achieve a major milestone in its broadcasting sector as the government targets the second quarter of…
European Markets Open Higher as Lufthansa Cuts 4,000 Jobs, Spain’s Inflation Rises
European stock markets started the week on a positive note on Monday, shrugging off worries about a possible U.S. government…
Amazon to Refund $1.5 Billion in Prime Settlement After FTC “Dark Patterns” Probe
Amazon.com Inc. has agreed to refund $1.5 billion to millions of customers after a landmark settlement with the U.S. Federal…
NGX Urges Nigeria to Harness Blue Bonds for Maritime Growth and $10bn Investment Drive
Nigeria’s vast maritime resources could soon power a new wave of economic growth if the country embraces innovative financing tools…
Venture Capital’s AI Services Bet Faces Hidden Challenges as “Workslop” Costs Mount
Venture capital firms are racing to apply artificial intelligence to traditional services businesses, convinced they can replicate software’s sky-high margins.…
Kenya Moves to Slash M-PESA and Airtel Money Fees to Boost Financial Inclusion
Kenya’s Central Bank (CBK) is moving to cut the cost of sending money through popular mobile money platforms M-PESA and…
Experts Rank Nigeria Among World’s Poorest in Trade and Property Rights, Call for Urgent Reforms
Nigeria’s trade and investment environment is under fresh scrutiny as experts warn that the country’s restrictive policies and weak legal…
Nigeria Clarifies 25% Capital Gains Tax on Share Sales Reinvested in Fixed Income Assets
The Federal Government has provided fresh clarity on how its newly introduced 25% Capital Gains Tax (CGT) on share disposals…
Nigeria’s External Reserves Surge to $42.2 Billion — Highest in Six Years Amid Oil Output Gains and FX Reforms
Nigeria’s foreign exchange buffer has reached its strongest level in more than six years, crossing the $42 billion mark despite…
Dangote Refinery Warns PENGASSAN Strike Could Disrupt Fuel Supply for 230 Million Nigerians
Nigeria’s largest private oil refinery, Dangote Refinery, has raised alarm over an ongoing nationwide strike by the Petroleum and Natural…
China’s Stock Market Surge: AI and Chips Drive a Powerful Rally — But Is a Bubble Brewing?
China’s stock market is on a powerful upswing, with the benchmark CSI 300 index climbing about 16% since the start…
Federal Government Reassures Nigerians of Stable Fuel Supply, Naira-for-Crude Deal Continues
The Federal Government has assured Nigerians that there will be no disruption in the supply of petrol and other refined…
World Bank Cautions Ghana on Early Eurobond Market Return, Urges Focus on Reforms
The World Bank has strongly advised Ghana’s government against rushing back to the Eurobond market, warning that such a move…
Ghana Treasury Bill Auction Undersubscribed: Government Misses Target by ¢2 Billion Amid Weak Bank Liquidity
Ghana’s government fell short of its Treasury bill (T-bill) target last week, underscoring growing investor caution and tight liquidity within…
Niger Delta Communities Mobilise Petroleum Industry Act Funds for Sustainable Development
Oil-producing communities across the Niger Delta are stepping up efforts to leverage the Petroleum Industry Act (PIA) for rapid and…
Lagos Pledges Ongoing Investment in Digital Infrastructure at GITEX to Drive Nigeria’s Tech Economy
The Lagos State Government has reaffirmed its commitment to sustained investment in digital infrastructure, talent development, and regulatory reforms aimed…
JUST IN: Dangote Refinery reorganises workforce over sabotage, denies mass sack
Dangote Petroleum Refinery and Petrochemicals has announced a sweeping reorganisation of its operations and workforce, saying the move is aimed…
CBN Cuts Interest Rate to 27% to Ease Borrowing Costs for SMEs and Households
The Central Bank of Nigeria (CBN) has lowered its benchmark Monetary Policy Rate (MPR) by 50 basis points to 27…
Cooking Gas Prices Drop: Average 5kg Cylinder Now Costs ₦6,404 in August 2025 – NBS Report
Nigerians are finally getting some relief at the cooking gas pump as prices dropped sharply in August 2025. According to…
AMCON Offloads 34% Stake in Unity Bank to Providus Bank Ahead of Landmark Merger
The Asset Management Corporation of Nigeria (AMCON) has sold its entire 34 per cent equity holding in Unity Bank Plc…
Nigeria Records $19.92 Billion in Investment Signals in Q2 2025, Surging 278% from Q1
Nigeria has recorded a remarkable $19.92 billion in investment signals in the second quarter of 2025 (Q2’25), representing a 277.9%…
FGN Launches N200bn 5- and 7-Year Bonds at 17.95% Yield for Investors
The Federal Government of Nigeria (FGN) has opened a fresh investment opportunity, offering N200 billion worth of bonds through its…
Mahama Calls for Reset of Global Financial System to Empower Africa at UN Assembly
Ghanaian President John Dramani Mahama has urged for a major overhaul of the global financial system, insisting that Africa needs…
Ghana and UK Strengthen Trade Ties: Focus on Agribusiness, Investment, and Infrastructure
Ghana is taking a bold step to boost trade relations with the United Kingdom, following a high-level meeting between Sampson…
Citi Projects Naira to Weaken to ₦1,700/$ by 2026 as CBN Cuts Rates and Oil Prices Fall
The Nigerian naira, which has shown surprising stability throughout 2025, may lose some of its strength next year, according to…
Mastercard Partners with Smile ID to Boost Secure Digital Identity Solutions Across Africa
Mastercard has strengthened its collaboration with Smile ID, a leading African identity verification company, to expand secure digital identity solutions…
Dollar Holds Firm as Markets Eye U.S. Spending Data and Fed Rate Path Amid New Tariffs
The U.S. dollar held steady near multi-week highs on Friday as stronger-than-expected economic data dampened expectations for further monetary easing…