The National Bureau of Statistics (NBS) reported on Friday that Nigeria’s Gross Domestic Product (GDP) decreased by 2.98% in the first quarter (Q1) of 2024. According to the latest report …
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AfricaAFRICA NEWSKenyaKenya NewsKenyan News
America likely to name Kenya major non-NATO ally
by Editorby EditorU.S. President Joe Biden is expected to officially acknowledge Kenya as a major non-NATO ally during Kenyan President William Ruto’s upcoming three-day state visit to the United States. A source …
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AfricaAFRICA NEWSEntrepreneurship
Visa launches 2.5 million grant competition for female entrepreneurs in Kenya
by Editorby EditorVisa has launched its She’s Next global advocacy program in Kenya to support women business owners. The program aims to assist women entrepreneurs through funding, training, and mentorship opportunities. Eligible …
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AfricaAFRICA NEWSKenyaKenya NewsKenyan News
The Coca-Cola System in Kenya Announces Major Investment
by Editorby EditorThe Coca-Cola system, consisting of The Coca-Cola Company and its authorised bottler Coca-Cola Beverages Africa has announced its intention to grow its investment in Kenya by up to $175 million …
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AfricaAFRICA NEWSSpotlight
Sanusi Reinstated As Emir Of Kano Four Years After Dethronement
by Editorby EditorSanusi Lamido, the reinstated Emir of Kano, has officially received his appointment letter as the 16th Emir of Kano from Governor Abba Yusuf. The ceremony took place at the Kano …
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AfricaAFRICA NEWSPress Releases
FG: UAE visa ban has been resolved, announcement is imminent
by Editorby EditorThe UAE visa ban on Nigerians has been resolved, with an imminent announcement expected. Minister of Aviation and Aerospace Development, Festus Keyamo, confirmed this in response to criticism from former …
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AfricaAFRICA NEWSEconomy
Nigeria: Financial sector experts optimistic about economic recovery
by Editorby EditorData from the National Bureau of Statistics (NBS) indicated that Nigeria’s financial services sector contributed N3.8 trillion to the country’s Gross Domestic Product (GDP) in 2023, marking a 26.5% increase …
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The Central Bank of Nigeria (CBN) has directed all Bureau de Change (BDC) operators in the nation to reapply for updated operational licenses before June 3, 2024, to retain their …
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AfricaAFRICA NEWSEconomy
Borrowers face surge in interest payment after CBN’s rate hike
by Editorby EditorThe Central Bank of Nigeria (CBN) recently raised the interest rate by 150 basis points to 26.25% from 24.75%. Customers with outstanding loans will begin to see an increase in …
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AfricaAFRICA NEWSSpotlight
Turkish Airlines Sacks 7 Nigerian Staff Over $600,000 Ticket Racketeering
by Editorby EditorThe recent conflict between Turkish Airlines and its Nigerian staff has intensified due to the airline terminating seven employees for alleged violations of ticket reservation rules, resulting in financial losses …