The Federal Government has reduced the price of natural gas supplied to power generation companies in a move to ease the financial burden affecting the electricity sector. This new pricing …
EconomyEnergyGOVERNMENTOil & GasPolicies
- EconomyGOVERNMENTInfrastructureTransportation & Logisitics
Delay Hits $700m Lagos Port Rehabilitation Project Despite Secured Loan
The much-anticipated $700 million port rehabilitation project for Apapa and Tincan Island Ports in Lagos, which was expected to begin in the second quarter of 2025, has been delayed once …
The insurance team of the Nigeria Liquefied Natural Gas (NLNG) is making moves to understand more about energy and special risk insurance policies, especially as the energy sector continues to …
- GOVERNMENTLabourNigeriaWestern Africa
PCC, PTAD Join Hands to Solve Pension Complaints, Educate Retirees
The Public Complaints Commission (PCC) has promised to support the Pension Transitional Arrangement Directorate (PTAD) in creating more awareness among pensioners under the old Defined Benefit Scheme. This move is …
- EconomyFinance & ServicesGOVERNMENTInternational RelationsOil & Gas
Nigeria’s Crude Oil Output Drops Again As Prices Fall, Budget Under Threat
Nigeria’s daily crude oil production has dropped again in March 2025, raising more concerns about the country’s ability to meet its budget plans for the year. This is coming at …
- AFRICA NEWSBusiness and EconomyDevelopmentEastern AfricaEthiopiaFinance & ServicesTrade and Commerce
Ethiopian Economists Urge Transparent Forex Market to Control Rising Inflation
Economists under the Ethiopian Economics Association have advised the government to increase transparency in the foreign exchange market to help reduce the steady fall of the Ethiopian Birr. They warned …
- AfricaBusiness and EconomyInternational RelationsPoliticsTrade and Commerce
Trump Pauses Tariff Hikes for 90 Days—China Excluded
United States President Donald Trump has announced a temporary suspension of increased trade tariffs for all countries except China. The pause, which will last for 90 days, was made public …
- AFRICA NEWSBusinessBusiness and EconomyEastern AfricaEconomyEthiopiaGOVERNMENTINVESTMENT
Ethiopian Government Issues 40 Permits to Foreign Firms in Retail and Trade Sectors
The Ethiopian Investment Commission (EIC) has announced the approval of 40 foreign investment permits in the retail, wholesale, import, and export sectors—sectors that were previously closed to foreign investors. Mr. …
- Business and EconomyEconomyEnergyFinance & ServicesGOVERNMENTNigeriaOil & GasWestern Africa
Fitch Raises Nigeria’s Credit Rating After Key Economic Reforms
International credit rating agency, Fitch Ratings, has upgraded Nigeria’s long-term foreign-currency rating from ‘B-‘ to ‘B’, changing the country’s outlook from negative to stable. This announcement was made in a …
- AfricaEconomyFinance & ServicesGOVERNMENTInfrastructureNigeriaTrade and CommerceWestern Africa
Afreximbank Disbursed $50bn to Nigeria in 10 Years – Oramah
The President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, has said that the bank has disbursed about $50 billion into the Nigerian economy over the past ten years. …