Kenyan businesses could soon be allowed to use their pending Value Added Tax (VAT) refunds to pay off other tax obligations if a proposal presented to President William Ruto is …
BusinessEconomyFinanceGovernment PolicyTaxationTrade and Commerce
- EnergyGovernancePoliticsPower SectorRegulation
Tinubu Names Abdullahi Ramat as Acting Head of Electricity Regulatory Commission
President Bola Ahmed Tinubu has nominated 39-year-old Abdullahi Ramat as the new Chairman and Chief Executive Officer of the Nigerian Electricity Regulatory Commission (NERC). The announcement was made in a …
- EconomyInfrastructureMaritimeTrade & Investment,TransportationTransportation & Logisitics
Onitsha Port Receives First Barge of 2025
The Onitsha River Port in Anambra State came alive earlier this month as it received its first barge for the 2025 operating season. The barge, named MV ZUPITOR/MV RB ALASKA, …
- BankingCorporate AffairsEconomic PolicyFinanceGovernanceGOVERNMENTRegulation
NDIC Pays ₦54.62bn to Heritage Bank Depositors
The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that it has paid ₦54.62 billion to 691,418 depositors of the now-defunct Heritage Bank. The Corporation also announced a liquidation dividend of …
- BusinessEconomyInfrastructureMaritimeTrade & Investment,
Aisha Maina Secures $40m Afreximbank Deal for Deep-Water Port Linking Africa and Caribbean
Nigerian businesswoman and entrepreneur, Mrs Aisha Maina, has secured a $40 million investment backed by the African Export-Import Bank (Afreximbank) to develop a deep-water port in Basseterre, St Kitts & …
- AgricultureBusinessCorporate EarningsEconomyManufacturingMarkets
Presco Plc Grows Profit to ₦88.72bn in H1 2025, Records 128% Surge
Presco Plc, one of Nigeria’s major palm oil producers, has reported a strong financial performance for the first half of 2025, posting a profit after tax of ₦88.72 billion. This …
- BusinessCorporate EarningsEconomyFinanceHealthcareInsurance
AXA Mansard Grows Half-Year 2025 Insurance Revenue by 24%, Hits ₦81.15bn
AXA Mansard Insurance Plc, a member of the global AXA Group, has reported a 24 per cent increase in its insurance revenue for the half-year ended June 30, 2025. The …
- BusinessCorporate EarningsEconomyManufacturingMarkets
Champion Breweries Bounces Back with N2.29bn Profit in First Half of 2025
Champion Breweries Plc has returned to profitability in the first half of 2025, posting a profit after tax of ₦2.29 billion. This marks a major turnaround from the ₦386.66 million …
- Business and EconomyEnergyEnvironmentInternational TradeMining
Zambia Taps Strategic Minerals to Ride 2040 Global Demand Boom
Zambia is positioning itself as a major player in the global race for energy transition minerals, as international demand for graphite, lithium, rare earth elements, and columbite-tantalite is expected to …
- Correctional ServicesGovernanceHuman RightsLaw and JusticePoliticsPrisonsPublic Health
Kambwili’s Health in Spotlight After Court Transfer
Fresh concerns have been raised in Zambia over the health condition of former cabinet minister and senior Patriotic Front (PF) leader, Chishimba Kambwili, after he was suddenly moved from Milima …