First City Monument Bank (FCMB) Group Plc has announced a profit after tax of N73.34 billion for the financial year ended December 31, 2024. This marks a drop from the …
Business and EconomyFinance & ServicesINVESTMENTNigeriaWestern Africa
- Business and EconomyEducationEntrepreneurshipNigeriaTechnologyWestern Africa
SMEs Must Embrace Innovation to Survive – Demola Aderibigbe
The Chief Executive Officer of Lalaa Consulting, Mr. Demola Aderibigbe, has said that small and medium-sized enterprises (SMEs) in Nigeria must begin to apply creativity and innovation in their businesses …
- BusinessFintechNigeriaWestern Africa
eTranzact International Reports N5bn Pre-Tax Profit in 2024, Marks 53% Growth
Lagos – Nigerian fintech giant, eTranzact International Plc, has posted a robust N5 billion pre-tax profit for the year ended December 31, 2024, representing a 53.2% increase from the N3.1 …
- AviationLabourNigeriaWestern Africa
Retired NAMA Workers Cry Out Over Unpaid Pension Increases Since 2007
Abuja – Retired staff of the Nigerian Airspace Management Agency (NAMA) have cried out over unpaid pension increases that have been pending since 2007, despite several government directives ordering implementation. …
- EconomyFinance & ServicesGOVERNMENTNigeriaWestern Africa
Nigeria’s Public Debt Rises to N144.67tn, Records 48.58% Increase in One Year
Abuja – Nigeria’s total public debt has climbed to N144.67 trillion as of December 31, 2024, according to a fresh report released by the Debt Management Office (DMO). This figure …
- EnergyEnvironmentGhanaInfrastructureTechnologyWestern Africa
Ghana Launches West Africa’s Largest Floating Solar Project to Boost Clean Energy
Accra, Ghana – In a move to increase its use of clean energy, Ghana has unveiled the biggest floating solar power plant in West Africa. The new project, which is …
- AfricaAFRICA NEWSAgricultureBusiness and EconomySecurity
Africa’s Booming Economy Faces Data Crisis, Food Security Drive in Congo, and Violence-Hit Businesses in DRC
Despite its growing population, expanding middle class, and rising entrepreneurial spirit, Africa continues to face a major roadblock to investment and sustainable growth: the lack of reliable data. Bernard Laurendeau, …
- Business and EconomyEnergyLibyaNorth AfricaPolitics
Libya Set to Launch First Oil Exploration Bid in 17 Years
Libya has announced plans to hold its first oil exploration bidding round in nearly two decades, a major step towards reviving its energy sector. The announcement was made on Monday …
- AfricaBusiness and EconomyLesothoTrade and Commerce
Lesotho’s Textile Industry Under Threat as U.S. Slams 50% Tariff
Thousands of jobs in Lesotho’s textile industry may be at risk following the new 50% tariff imposed by the United States under the leadership of President Donald Trump. The small …
- AfricaBusiness and EconomyPolitics
Trump’s Trade War: African Countries Face Heavy Tariffs, South Africa Among Worst Hit
US President Donald Trump’s tough trade policies are now affecting several African countries, with many set to suffer major economic setbacks due to high tariffs. President Trump announced the move …