Manufacturing Exodus: Companies Exiting Nigeria’s Industrial Landscape
Over the past decade, Nigeria has witnessed a notable exodus of manufacturing companies, with numerous factors…
Nigerian Government Pursues Cost-Cutting Measures for Efficient Governance
The Nigerian government is implementing a series of cost-cutting measures aimed at improving governance…
Federal Executive Council Approves $3.45 Billion Concessional Loan for Key…
The Federal Executive Council of Nigeria has granted approval for a $3.45 billion loan to fund crucial projects…
Central Bank of Nigeria Reports Surge in Currency in Circulation Amid Cash…
The Central Bank of Nigeria (CBN) has disclosed a significant surge in Currency in Circulation (CIC) within the…
States’ Internally Generated Revenue (IGR) Marginally Increases to N1.93tn…
The total Internally Generated Revenue (IGR) of states in Nigeria saw a slight rise to N1.93 trillion in 2022.…
Nigeria Triumphs in Landmark Case Against P&ID, Saving Billions in Fraudulent…
In a significant legal victory, the Federal Government of Nigeria has won its case against Process and Industrial…
Nigeria’s Economy Flags Warning on African Country Instability Risk Index
A new index assessing political stability risks across 47 African countries has placed Nigeria's economy on…
Supreme Court Readies for Atiku’s Appeal Against Tinubu’s Victory
As Nigeria's Supreme Court prepares to hear the appeal filed by Atiku Abubakar, the presidential candidate of the…
Nigeria’s Naira Faces Unprecedented Decline: Can the Downward Spiral Be…
Nigeria's currency, the Naira, is hurtling towards an alarming exchange rate of N2000 to the US dollar after a…
Nigeria’s Oil Earnings Surge in September 2023
Nigeria's oil earnings experienced a substantial surge of over N273.8 billion in September 2023. This surge was…
Fuel Prices Surge Beyond Official Bands in Nigeria
Fuel prices in Nigeria, particularly at independent filling stations, have surpassed the officially approved price…
EU Commits €212.5 Million to Support Key Areas in Africa
The European Commissioner for International Partnerships, Jutta Urpilainen, in collaboration with President…
P1 Ventures Closes First Round of $50M Fund to Support African Software Startups
P1 Ventures, a pan-African seed venture capital fund, has successfully concluded the initial round of fundraising…
FEDA Invests in Cabinda Oil Refinery to Foster Angola’s Energy Transition
The Fund for Export Development in Africa (FEDA), an impact investment subsidiary of Afreximbank, has announced an…
Tripplo Secures $1.8 Million Investment to Revolutionize Logistics
Tripplo, a Johannesburg-based logistics software platform, has successfully concluded its seed funding extension…
Apex Group Expands South African Presence with BCI and BIP Acquisitions
Global financial services provider, Apex Group, has successfully acquired Boutique Collective Investments (BCI)…
Norfund Invests $10 Million in South African Fruit Company for Climate Adaptation…
Norwegian Investment Fund for Developing Countries (Norfund) is committing $10 million USD to The ANB Group, a…
Outsized Successfully Completes Series A Funding, Poised to Transform Freelance…
Outsized, the premier platform for top-tier independent talent in Asia-Pacific, Africa, and the Middle East, is…
Verod Capital and AfricInvest Acquire Majority Stake in iSON Xperiences
Verod Capital and AfricInvest have joined forces to acquire a majority stake in iSON Xperiences, a prominent ICT…
Nigeria’s Ways and Means Debt Surpasses Crude Oil Revenue in H1 2023
A recent report from the Budget Office of the Federation (BOF) has revealed that the Federal Government of…
Afreximbank and Export-Import Bank of China Sign $600 Million Loan Agreement for…
The African Export-Import Bank (Afreximbank) and the Export-Import Bank of China (CEXIM) have inked a $600 million…
British Prime Minister Rishi Sunak Advocates for Peace in Middle East Tour
British Prime Minister Rishi Sunak is embarking on a Middle East tour, with Egypt as his first stop, to advocate…
Olusegun Aganga Emphasizes: Strong Naira Hinges on Local Production and Exports
Former Finance Minister, Olusegun Aganga, highlighted a critical economic reality at the 51st Annual General…
Nigeria to Digitize Travel Processes for Enhanced Air Travel Experience
Olubunmi Tunji-Ojo, Nigeria's Minister of Interior, revealed plans to revolutionize international air travel…
Supreme Court Convenes Panel to Hear Presidential Election Appeals in Nigeria
The Supreme Court of Nigeria has established a seven-member panel of justices to consider appeals filed by three…
EU Commits 150 Billion Euros to Infrastructure Projects in Nigeria
The European Union (EU) has unveiled its Global Gateway Initiative, pledging to disburse 150 billion Euros by 2027…
Historic Milestone: US Oil Poised to Lead as Largest Export in 2023
For the first time ever, the United States is on track to make oil its foremost export good, underlining the…
Global Hunger Index Highlights Worsening Hunger Levels in Nigeria
Nigeria is one of nine countries anticipated to experience a deteriorating hunger situation in the coming year,…
Challenges Loom Over Nigeria’s Ambitious 2024 Budget Revenue Targets
Nigeria faces a daunting task in generating the revenue needed to support its proposed N26.01 trillion budget for…
Nigeria and EU Ink €900 Million Deal for Development Projects
The Federal Government of Nigeria has entered into a substantial financial agreement with the European Union (EU)…