Food processors invest N23.8bn in Nigeria to cut import bill
Despite facing challenges of slow economic growth and high business costs, Nigeria has secured N23.8 billion in…
Economist Forecasts Lower Interest Rates in Nigeria by 2026
According to the Economist Intelligence Unit (EIU), Nigeria's Monetary Policy Rate (MPR) is expected to drop to…
Fintechs raise interest rates as digital lenders plan hike
Following the Central Bank of Nigeria's (CBN) decision to increase the monetary policy rate (MPR) to 22.75 percent…
Children rescued as Zimbabwe police unearth cult graves
Police in Zimbabwe have apprehended the suspected leader of a religious cult, Ishmael Chokurongerwa, along with…
South African Airways’ privatisation deal collapses
South Africa has terminated a deal to sell a majority stake in its national airline, South African Airways (SAA),…
Paris Club creditors cancel $2bn of Somali debt
Several countries, including members of the Paris Club such as the US, Japan, and Russia, have agreed to cancel…
Alarm as conjunctivitis outbreak hits Ugandan schools
Authorities in Kampala, Uganda, have declared an outbreak of conjunctivitis, a highly contagious eye infection,…
Nigeria lifts sanctions on Niger and reopens borders
Nigeria's President Bola Tinubu has lifted all economic sanctions imposed on neighbouring Niger, ending an…
Victoire Ingabire: Rwandan opposition leader barred from election
Victoire Ingabire, an outspoken critic of President Paul Kagame, faces political obstacles as she seeks to…
Reps summon Dangote, BUA, others over cement price hike
The Nigerian House of Representatives has decided to call upon major cement manufacturers like Dangote Cement and…
Heirs Technology Appoints Obong Idiong as CEO
Heirs Technology, a subsidiary of Heirs Holdings, has named Obong Idiong as its new Chief Executive Officer.…
Navy acquires patrol vessels to boost maritime security
The Nigerian Navy has announced the acquisition of two advanced offshore patrol vessels from Dearsan Shipyard in…
Foreign direct investments withdrawal will continue in Nigeria – EIU
The Economist Intelligence Unit (EIU) has issued a report stating that indigenous oil companies acquiring assets…
CBN provides N100bn fertilisers to boost food production
The Central Bank of Nigeria (CBN) has handed over fertilizers worth N100 billion to the Federal Ministry of…
Toyota grants factory workers largest pay increase in 25 Years
Toyota Motor, along with other major Japanese companies like Panasonic, Nippon Steel, and Nissan, has agreed to…
Insights into European and global markets: a perspective by Tom Westbrook
Japanese Pay Agreements: Major Japanese companies have acquiesced to union pay demands in full, signaling…
FG Postpones Launch of Students Loan Indefinitely
The Federal Government has announced the indefinite postponement of the launch of the Nigerian Students Loan…
Bode Abifarin Steps Down as COO of Flutterwave
Bode Abifarin has announced her resignation from her role as Chief Operating Officer (COO) at Flutterwave, a…
Airbnb Bans Security Cameras in Guest Homes
Airbnb has announced a significant policy change, banning the use of indoor security cameras in guest homes…
Sokoto Allocates N6.7 Billion for Ramadan Feeding Programme
The Sokoto State government has announced plans to allocate N6.7 billion towards its Ramadan feeding programme,…
Saudi Aramco’s Dividend Payouts Exceed Nigeria’s Budget
Saudi Aramco, the majority state-owned oil firm of Saudi Arabia, announced a significant dividend payout of $97.8…
UK to offer incentives for failed asylum seekers to move to Rwanda
In a new initiative, failed asylum seekers in the UK will be offered up to £3,000 as part of a voluntary scheme to…
US oil prices rise on expectations of strong demand
0il prices climbed on Wednesday, buoyed by optimistic forecasts of robust global demand, particularly in the…
$1.2 million trade facility to boost Nigeria’s export capacity
The World Trade Organization (WTO), in collaboration with the International Finance Corporation (IFC), has…
Foreign Investor Eyes LivingTrust Mortgage Bank
LivingTrust Mortgage Bank Plc is set to receive a significant boost with a foreign investor eyeing a 7% stake in…
Tinubu submits FCTA 2024 budget to Reps
President Bola Tinubu has presented the 2024 budget proposal for the Federal Capital Territory Administration…
Nigeria will secure Gulf of Guinea, Tinubu tells Equatorial Guinea president
President Bola Tinubu reaffirmed his administration's commitment to securing the Gulf of Guinea during a meeting…
Unity Bank, SkillPaddy train 1,000 female software engineers
Unity Bank Plc has collaborated with the tech platform, SkillPaddy, to launch the 'Count Her In' tech programme…
Neveah raises workers’ salaries by 44%
Neveah Limited, an indigenous commodities export company, has announced a significant 44 percent increase in the…
Nigerians experience relief as prices of sugar, Indomie, others drop
The recent reduction in food prices, particularly for items like noodles, sugar, rice, beans, and others, comes as…