The Debt Management Office (DMO) has announced the offer of Federal Government of Nigeria (FGN) bonds worth ₦100 billion for public subscription at an interest rate of 19.3 percent per …
- AfricaAFRICA NEWSBusiness and EconomyEconomyMarketsMiddle eastNewsSouth Africa
South African Rand Strengthens on Israel-Iran Ceasefire and Market Optimism
The South African rand strengthened against the U.S. dollar in early Tuesday trade, buoyed by a broad risk-on sentiment following U.S. President Donald Trump’s announcement of a ceasefire between Israel …
- BusinessBusiness PoliciesEconomyFinance & ServicesMarketsPolicies
Naira Trades at ₦1,548 Official Rate, ₦1,592 on Black Market as Forex Gap Widens
The naira traded at ₦1,548.52 to one US dollar on the official Central Bank of Nigeria (CBN) window as of June 23, 2025, reflecting continued pressure on Nigeria’s foreign exchange …
- AfricaAFRICA NEWSEnergyInternational RelationsSecurityTrade and Commerce
Mali and Russia Deepen Economic and Security Ties with New Cooperation Agreements
Mali and Russia have signed a series of new agreements aimed at boosting mutual trade, strengthening economic cooperation, and expanding their strategic alliance, particularly in the areas of energy and …
- AgricultureDevelopmentEconomyEnvironmentFood ProductionSecurity
Olam Agri, IDH, Arzikin Noma Partner to Boost Soybean Production
Olam Agri, in collaboration with IDH and Nigerian agricultural development firm Arzikin Noma, has announced a new partnership aimed at boosting soybean production across farming communities in Kwara State. The …
- AfricaAFRICA NEWSInternational RelationsSouth Africa
South African Engineers Return Home After Over Two Years in Equatorial Guinea Prison
Two South African engineers, Frik Potgieter and Peter Huxham, have returned home after spending more than two years in a prison in Equatorial Guinea. The pair had been detained since …
- AfricaAFRICA NEWSCorruptionMarketsReal EstateSouth Africa
Gupta Family’s Controversial Saxonwold Properties Headed for Auction
The Saxonwold properties once owned by the infamous Gupta family are set to go under the hammer on 24 July 2025, with Park Village Auctions officially opening the doors to …
- AfricaAFRICA NEWSGOVERNMENTInternational RelationsLeadershipPoliticsSecurityWestern Africa
Mali’s Cabinet Backs Five-Year Term Extension for Goïta
Mali’s transitional cabinet has officially endorsed a proposal to extend the leadership of Colonel Assimi Goïta for a renewable five-year term, further entrenching his role in the country’s shifting political …
- AfricaAFRICA NEWSGlobal NewsGOVERNMENTLeadershipSPORTZIMBABWE
Kirsty Coventry Makes History as First Woman and African to Lead International Olympic Committee
Kirsty Coventry has shattered historic barriers by becoming the first woman and the first African to be elected President of the International Olympic Committee (IOC). The former Zimbabwean swimmer officially …
- EconomyEnergyNigeriaOil & GasPoliticsTransportation & Logisitics
Petrol Hits N945 in Abuja, N915 in Lagos as Depots
Petrol pump prices rose sharply across the country on Monday, with filling stations operated by the Nigerian National Petroleum Company Limited (NNPCL) adjusting their rates to N945 per litre in …