BUA Cement Plc, Nigeria’s second largest cement producer, intends to decrease cement prices in Nigeria from N5,500 to N3,500. Abdul Samad Rabiu, the company’s chairman, shared this decision with reporters …
Editor
Abuja, Nigeria’s infamous capital city, reeks of money; politicians’ and civil servants’ monies. Nigeria’s legislators are the highest paid in the world and the country’s leading politicians and top government …
Oil prices saw a significant surge on Monday morning ahead of the Bank of England (BoE) meeting this week, where it was suggested that this rate hike might be the …
- AfricaAFRICA NEWSNigeriaOil & Gas
Soaring cooking gas prices may cost N18,000 by December
by Editorby EditorGas retailers are sounding the alarm, warning that the price of a 12.5kg cooking gas cylinder could surge to N18,000 by December if the Federal Government does not intervene to …
- Uncategorized
James Mwangi-led Equity Group mobilizes $4.6 billion to support MSMEs in East and Central Africa
by Editorby EditorEquity Group Holdings Limited (EGHL), the Kenya-based financial services provider led by James banker Mwangi, has mobilized about $4.46 billion to support businesses domiciled in two of its most effective …
- AFRICA NEWSBanking, Finance & InvestmentNigeria
Foreign investment may decline over FTSE downgrade
by Editorby EditorSome capital market stakeholders have stated that Foreign Portfolio Investments in Nigeria’s equity market will further reduce following the downgrade of the country by rating agency, FTSE. FTSE in its …
The immediate Minister of State for Budget and National Planning, Prince Clem Agba, has said that ‘Nigeria agenda 2050- a perspective plan’ has identified the country’s target in 30 years’ …
- AFRICA NEWSFinance & ServicesNigeria
Nigeria’s debt jumps by 75% in three months, hits N87tn
by Editorby EditorThe Debt Management Office has said Nigeria’s total public debt hit N87.38tn at the end of the second quarter of 2023. The figure represents an increase of 75.29 per cent …
- AFRICA NEWSFinance & ServicesZAMBIA
Indian billionaire Anil Agarwal vows to pay $250-million Zambia debt
by Editorby EditorIndian billionaire Anil Agarwal has promised to pay $250 million, which Vedanta Resources, the mining company he controls, owes to suppliers as soon as he regains control of copper mines that …
- AFRICA NEWSSouth AfricaSouthern Africa
Gold mine revamp led by South African tycoon Neal Froneman puts 2,970 jobs at risk
by Editorby EditorSibanye-Stillwater, the South African multinational precious metal mining company under the leadership of leading businessman Neal Froneman, has announced a significant restructuring plan for one of its gold mines, potentially affecting …