South Africa keeps interest rate at 7% amid rising inflation, rand weakness
South Africa’s central bank has left its benchmark interest rate unchanged at 7%, opting for caution as inflationary pressures, a…
Day: July 24, 2026
Petrol Hits N1,400/Litre as Transport Fares Soar Across Nigeria Amid Global Oil Price Surge
Transport costs are climbing once again across several parts of Nigeria as the price of petrol rises to as high…
IMF Urges Nigeria, African Nations to Improve Data Transparency to Attract Global Investment
Nigeria and other African countries have been urged by the International Monetary Fund (IMF) to strengthen economic stability, improve data…
Oil Price Hits $100 as Middle East Conflict Escalates, Raising Fears of Global Energy Crisis
Oil prices have surged to $100 per barrel for the first time since May, driven by growing fears that the…
Tinubu Turns to World Bank Loans to Expand Social Programmes Amid Rising Poverty
President Bola Tinubu’s administration is increasingly relying on World Bank financing to drive its social investment agenda as it seeks…
Shettima advocates collaboration to shape AI, telecom policies
Vice President Kashim Shettima has called on African nations to unite in shaping the future of artificial intelligence (AI), telecommunications,…
Africa receives 6% of global cocoa supply value from chocolate market
Africa may be the backbone of the global cocoa industry, but it continues to receive only a small fraction of…
Oil block bidding: Inside Nigeria’s seven-hour transparency test
Nigeria’s push to restore confidence in its upstream oil sector took a major step forward as the Nigerian Upstream Petroleum…
AI Guardrails Slow Cybersecurity Research as Experts Warn of Unintended Consequences
Artificial intelligence safety measures designed to prevent cybercrime are increasingly creating obstacles for the very experts tasked with defending digital…
Dangote refinery secures record $2.5bn equity funding
Dangote Petroleum Refinery and Petrochemicals FZE has secured a record $2.5 billion in fresh equity funding, marking the largest publicly…
US Slaps 12.5% Tariff on Nigerian Imports Over Forced Labour Concerns
The United States has imposed a 12.5% tariff on Nigerian imports, placing Nigeria among 38 countries affected by Washington’s latest…
Nigeria’s Money Supply Rises to N133.25tn Despite CBN’s Tight Monetary Policy
Nigeria’s broad money supply increased to N133.25 trillion in June 2026, highlighting continued liquidity growth despite the Central Bank of…