The South African Reserve Bank (SARB) recently opted to keep the benchmark interest rate steady at 7.5%, a move that has drawn criticism from economists who believe the central bank …
Business PoliciesEconomyFinance & Services
First City Monument Bank (FCMB) has broadened its reach by inaugurating a new branch in Ogbomosho, Oyo State, aiming to enhance financial inclusion and stimulate economic growth in the region. …
- AgricultureEconomyNigeria
Nigeria and Brazil Launch $1.1 Billion Green Imperative Project to Enhance Food Security
In a strategic move to bolster food security and agricultural productivity, Nigeria and Brazil have officially commenced the commercial phase of the $1.1 billion Green Imperative Project (GIP). This landmark …
Nigeria has firmly established itself as a leader in Africa’s burgeoning tech ecosystem, driven by a confluence of innovative startups, supportive government policies, substantial investments, and a digitally engaged youth …
- BusinessEconomyFinance & Services
Nigeria’s Inflation Rate Declines to 23.18% in February Amidst Falling Food Prices and Logistics Costs
Nigeria’s annual inflation rate experienced a notable decline in February 2025, easing to 23.18% from 24.48% in January, according to the National Bureau of Statistics (NBS). This marks the second …
- AfricaAFRICA NEWSInformation & TechnologyTechnology
Google’s Taara: Africa’s Contribution to Starlink’s Rival Technology
In what appears to be a major technological leap in internet infrastructure, Google’s parent company, Alphabet, is pushing forward with Taara, an innovative project expected to rival Elon Musk’s Starlink …
Amidst rising living costs, Nigerians are increasingly turning to local markets as a practical solution to manage expenses without compromising quality. These markets offer fresh produce, essential goods, and services …
- BusinessCorruptionGOVERNMENTTrade and CommerceTransportation & Logisitics
French Billionaire Bolloré Under Scrutiny Over Africa Port Deals
Controversial French billionaire, Vincent Bolloré, is once again in the spotlight — this time facing fraud allegations tied to his port operations in Africa. French prosecutors have intensified investigations into …
- BusinessManufacturingManufacturing & Consumer GoodsNigeria
Nigerian Breweries Secures Full Acquisition of Distell Wines and Spirits
In a bold move to consolidate its dominance in the alcoholic beverages sector, Nigerian Breweries Plc has successfully completed the full acquisition of Distell Wines and Spirits Nigeria Limited, expanding …
- AfricaBanking, Finance & InvestmentBusinessFinance & ServicesMarketsNigeriaWestern Africa
First HoldCo Rights Issue Records 25% Oversubscription, Signals Investor Confidence
In a major show of investor confidence, First Bank Holdings Plc (First HoldCo) has announced a 25% oversubscription in its recently concluded rights issue, underscoring strong market appetite for its …