West Texas Intermediate Crude Breaks $60 A Barrel On Oil Supply Worries
US oil prices rallied past $60 a barrel on Monday for the first time in more than a year, fuelled…
Category: Africa
UAE Suspends Flights From Nigeria, Says Air Peace
The Management of Air Peace on Thursday announced that the UAE Government had stopped the airlifting of passengers from Nigeria…
Access Bank Nigeria Gets Sustainability Certification
As the sustainability leader in Africa, Access Bank PLC was invited to participate in the Sustainability Certification under the Sustainability…
DMO: Nigeria’s Debt-GDP Will Increase By 15 Percent
The federal executive council (FEC) has approved a new medium-term debt management strategy (MTDS), that will guide the government in…
United Nigeria Airline Conducts Inaugural Flight On Friday
A new entrant into Nigeria’s scheduled domestic air operations, United Nigeria Airline, will conduct its inaugural flight on Friday, Feb.…
Africa’s Miners And Winemakers Toast China’s Row With Australia
Bottles of its reds, whites and roses piled up when South Africa banned alcohol sales under a strict lockdown and…
Africa Business Leaders Optimistic Of Swift Economic Recovery In 2021
Business leaders in Africa have expressed the hope that economic prosperity and increase in trading activities would return to the…
Nigerian Federal Government Approves Bankers’ Committee Takeover Of National Theatre, N21.89bn Renovation
The Federal Executive Council on Wednesday approved a Memorandum of Understanding between the Ministry of Information and Culture and the…
Belgium Eyes Prospects In Nigerian Ports
Investors from Belgium have expressed interest in the National Maritime Transport Policy being developed by Nigeria. Executive officers of the…
Africa’s Recovery From Covid-19 Will Be Slow
A second wave could play havoc with commerce, public finances and schools At first glance, sub-Saharan Africa appears to have…
Economic Community Of West African States Backs Nigeria’s Quest For AU’s Peace, Security Chair
The Economic Community of West African States (ECOWAS) Authority of Heads of State and Government, has thrown its weight behind…
Cybercrooks In Virtual ‘Scramble For Africa’
Africa’s mobile fraud losses will continue to rise above last year’s $4billion to peak at a record $5billion by the…
As U.S. Warns On Withdrawal, Data Shows Taliban Attacks Climb In Past Year
The number of attacks in Afghanistan by the Taliban in the last quarter of 2020 were higher than the same…
African Free Trade Agreement To Boost Agriculture
The African Continental Free Trade Area (AfCFTA), due to launch in January 2021, is likely to be a watershed for…
Africans In Diaspora Seek To Be Included In The Continent’s Development Agenda
This was discussed at a meeting that took place in Nairobi this week attended by 150 Africans drawn from different…
W. Africa Crude-Traders Await Key Nigerian Plans8, Angolan Allocation
Spot activity was muted in the West African market on Thursday as traders awaited February Angolan term allocations, several key…
Report: Africa’s Mobile Broadband Subscriptions Will Double By 2025
The latest November 2020 edition of the Ericsson Mobility Report has projected increased growth in mobile broadband subscription in Africa,…
Africa Trade Deal Could Tap $84bn In Export Potential
A continent-wide free-trade pact could help to realise more than $84 billion in untapped intra-African exports, according to a new…
Terror Risks Escalate In Africa; Coronavirus Could Make It Worse
Terror groups are expanding operations and scaling up attacks in Africa, straining governments ill-prepared to battle extremism as the coronavirus…
WEEKAHEAD-AFRICA-FX-Ugandan Currency Firm, Kenya’s, Zambia’s Stable, Nigerian Rangebound
Uganda’s currency will likely gain against the U.S. dollar next week, while Kenya’s and Zambia’s are expected to be stable…
Nigeria To Spearhead Africa Refinery Capacity Additions
Nigeria is expected to drive the refinery capacity growth in Africa by 2024, contributing around 71% of the region’s total…
Next Africa: Where Are The Vaccines?, South Africans Ask
The plaudits South Africa won for its swift initial response to the coronavirus in March are a distant memory. While…
Travel Agents In Mideast, Africa Say UAE Is Blocking Visas
DUBAI, United Arab Emirates (AP) — Travel agencies in countries across the Middle East and Africa say the United Arab…
AFRICA-FX-Kenyan, Zambian, Nigerian Currencies Seen Under Pressure
The currencies of Kenya, Zambia and Nigeria are expected to come under pressure versus the U.S. dollar next week, according…
Africa Looks To China, Russia To Boost Scant Vaccine Supplies
The Africa Centres for Disease Control and Prevention and the African Union have discussed Covid-19 vaccine trial partnerships with both…
Inside Illicit Trade In West Africa’s Oldest Artworks – Part 1
Outside it has become night. In front of the windows of one of Abuja’s grandest hotels, the pool shines turquoise…
Nigeria Fastest Growing Economy In Africa – UK Trade Envoy
Hon. Helen Grant, United Kingdom Trade Envoy to Nigeria, has said that Nigeria was the fastest growing economy in Africa.…
Biggest African Economy Falls Into Recession As Oil Output Drops
Africa’s largest economy has slumped into a recession in the third quarter as oil production dropped to a four-year low.…
Next Africa: Cocoa’s OPEC Is In Fight With Few Winners
Ivory Coast and Ghana, who together produce about two-thirds of the world’s cocoa, are insisting that traders pay a higher…