The Nigerian Naira has experienced a notable decline in value, and the country’s external reserves have also decreased, despite recent foreign exchange (FX) reforms aimed at stabilizing the economy. According …
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AfricaAFRICA NEWSBusiness Policies
Labour to Unveil New Proposal at Meeting with FG Team Today
by Editorby EditorIn a significant development, the Labour unions are set to present a new proposal during their meeting with the Federal Government team today. The discussions, which have been eagerly anticipated, …
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AfricaAFRICA NEWSEntrepreneurship
Nigerian Company MMNL to Invest $50 Million to Scale up its Tubular Batteries Production
by Editorby EditorMetal Manufacturing Nigeria Limited (MMNL); also ventures into multiple business verticals in backward & forward integration and into the Mining segment to stay ahead of its competitors To cater to …
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AfricaAFRICA NEWSSpotlight
NSIB Launches Investigation into Train Derailment on Abuja-Kaduna Corridor
by Editorby EditorThe National Safety Investigation Bureau (NSIB) has officially launched an investigation into the recent train derailment on the Abuja-Kaduna corridor. The incident, which occurred earlier this week, has raised significant …
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AfricaAFRICA NEWSEntrepreneurship
Elon Musk’s AI Company Raises $6 Billion, Begins Mass Hiring of Engineers Globally
by Editorby EditorElon Musk’s latest venture in the artificial intelligence sector has successfully raised $6 billion in funding, marking one of the largest capital injections in the industry to date. The company, …
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AfricaAFRICA NEWSSpotlight
Binance Executive May Die in Kuje Correctional Facility, Counsel Tells Court
by Editorby EditorIn a recent court hearing, legal counsel for a high-ranking Binance executive warned that their client may not survive the conditions of the Kuje Correctional Facility. The executive, who has …
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AfricaAFRICA NEWSRwandaRWANDARwanda Daily
Rwanda’s State Budget for 2024-2025 to Increase by 11.2%
by Editorby EditorKigali, Rwanda – The state budget for the fiscal year 2024-2025 is set to see a significant increase of 11.2%, as presented by the Minister of Finance and Planning, Dr. …
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AfricaAFRICA NEWSEconomy
Burkina Faso: Military-led Transitional Government to Extend for Another Five-Years
by Editorby EditorIn a significant political development, Burkina Faso’s military-led transitional government announced it would extend its leadership for an additional five years before holding national elections. This decision follows a period …
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AfricaAFRICA NEWSRWANDARwanda Daily
Rwanda, Mali Sign Landmark Cooperation Agreement
by Editorby EditorRwanda and Mali have signed a significant cooperation agreement, marking a new chapter in bilateral relations between the two African nations. The historic signing took place in Kigali, concluding the …
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AfricaAFRICA NEWSEconomy
Kenya Resumes Trade with Uganda Following Presidential Memorandum
by Editorby EditorKenya and Uganda have resumed trading in sugar and milk after a memorandum was signed by Presidents William Ruto and Yoweri Museveni in Nairobi. This development has alleviated longstanding issues …