Africa’s air cargo industry recorded the steepest drop in global demand in March 2025, with a 13.4 per cent year-on-year decline, according to data released by the International Air Transport …
Africa
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FG Opens May 2025 Savings Bond Window for Retail Investors
The Federal Government of Nigeria, through the Debt Management Office (DMO), has launched a new round of the Federal Government of Nigeria (FGN) Savings Bond for the month of May …
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MTN Nigeria Reports N133.7bn Profit in Q1 2025
MTN Nigeria Communications Plc has reported a profit after tax of N133.7 billion for the first quarter of 2025, recovering from a loss of N392.7 billion recorded in the same …
- AfricaArts & CultureBusinessFood ProductionInnovationInternational RelationsManufacturing
African Spirit Brands Step into Global Market with Local Flavour and Bold Packaging
Some African distillers are now turning traditional drinks into modern, premium products that are catching international attention. These new players in the global market are not only rebranding age-old local …
- AfricaDevelopmentInfrastructureNewsNigeriaPoliciesReal Estate
Stakeholders Push for High-Rise Buildings as Solution to Nigeria’s Slum Crisis
Housing experts and urban planners are calling for a shift towards high-rise residential developments as a long-term solution to Nigeria’s housing deficit and the growing crisis in informal settlements. They …
- AfricaBanking, Finance & InvestmentEconomyFinance & ServicesGOVERNMENTNigeriaPoliciesWestern Africa
CBN cuts Ways & Means by 59% in boost for reforms
The Central Bank of Nigeria (CBN) has reduced its Ways and Means advances to the Federal Government by 59 percent, signalling a new phase of fiscal discipline under the leadership …
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Oil Companies Record Sharp Profit Drop as Global Prices Fall, Nigeria’s Economy Feels the Heat
Major oil companies around the world have recorded sharp drops in profit in the first quarter of 2025, as the fall in global oil prices and rising production costs continue …
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NASSI Partners Dangote Group to Boost Investment in Nasarawa State
The Nasarawa State Chapter of the Nigeria Association of Small-Scale Industrialists (NASSI) has entered into a partnership with Dangote Industries Limited to explore new investment opportunities and boost industrial development …
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Visit Rwanda Renews PSG Partnership, Extends Deal to 2028
The Rwanda Development Board (RDB) has announced the renewal of its partnership with French football giant Paris Saint-Germain (PSG) through to 2028. The partnership, originally signed in 2019, has helped …
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Afreximbank Launches $3bn Credit Line to Support Fuel Imports Across Africa, Caribbean
The African Export-Import Bank (Afreximbank) has launched a $3 billion revolving credit facility to help buyers across Nigeria, Africa, and the Caribbean access refined petroleum products from within the continent. …