The Nigerian Economic Summit Group (NESG) has said that industrialisation is the key to Nigeria’s economic growth and long-term prosperity. This comes as preparations intensify for the 31st Nigerian Economic …
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African Union Sports Council, Rwanda to Host Key Sports Policymakers Round table in Kigali, Rwanda.
The African Union Sports Council (AUSC) and the Ministry of Sports of Rwanda have announced a major partnership to co-host the Policymakers Round table during the second edition of the …
- AviationBusinessGOVERNMENTTradeTransportationTravel & Tourism
Govt grants Air Tanzania permit to begin direct flights
Nigeria’s Federal Government has officially handed over the Foreign Carrier Operation Permit (FCOP) to Air Tanzania Company Limited, marking a new phase of cooperation between both countries in the aviation …
- Business and EconomyFinancial InclusionNigeriaStock MarketTransportation & Logisitics
ABC Transport Returns to Profit with N465.5m in First Half of 2025
ABC Transport Plc has reported a profit after tax of N465.5 million for the first half of 2025, marking a strong turnaround from the N191.5 million loss recorded in the …
- Business and EconomyForeign AffairsINVESTMENTMiningNatural ResourcesNews
De Beers Discovers First New Kimberlite Field in Angola After 30 Years
De Beers, the global diamond giant, has made a significant discovery in Angola—its first kimberlite field in three decades. The announcement came on Tuesday, August 12, 2025, from the company’s …
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US Slams Sanctions on Congo Militia and Mining Firms Over Illegal Coltan Trade
The United States government has announced fresh sanctions aimed at stopping the trade in conflict minerals from eastern Democratic Republic of Congo (DRC). On Tuesday, August 12, 2025, American authorities …
- Business and EconomyCurrencyGlobal NewsInflationMarketsPoliciesTrade
Dollar Weakens as Markets Expect U.S. Fed to Cut Rates in September
The United States dollar fell on Wednesday, August 13, 2025, as new economic data pushed more investors to believe that the U.S. Federal Reserve will cut interest rates in September. …
- Business and EconomyChina-Africa RelationsCorporate StrategyEconomyEgyptForeign AffairsIndustrial DevelopmentInfrastructureINVESTMENTManufacturing
Egypt, China’s Sailun Group Sign $1 Billion Deal for Tire Factory in Suez Canal Economic Zone
Egypt has entered into a major $1 billion agreement with China’s Sailun Group to build a large automotive tire manufacturing plant in the Suez Canal Economic Zone. The deal, announced …
- Dangote IndustriesEconomyEnergyInfrastructureInnovationNigeriaOil & GasPoliciesTransportation & Logisitics
Dangote Refinery Lowers Petrol Price to ₦820 per Litre
The Dangote Petroleum Refinery has announced a major step to make fuel cheaper and easier to access across Nigeria. From Monday, August 12, 2025, the refinery reduced its ex-depot price …
- EconomyEnergyMarketsNigeriaOil & GasPolicies
Nigeria’s Fuel Import Reliance Rises to 69 Percent in June
Nigeria’s dependence on imported petrol has grown sharply, with fresh data showing that the country sourced 69 percent of its petrol needs from foreign suppliers in June 2025. Figures from …