Developers in Nigeria’s retail sector are changing their focus. Instead of building large shopping malls like before, many of them are now going for smaller, community malls also called neighbourhood …
Business and Economy
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Rwanda Records N3.6 Trillion Investment, Boosts Economy in 2024 – RDB Report
The Rwanda Development Board (RDB) has released its 2024 Annual Report, showing strong economic progress and major wins for the East African country. The report highlights key achievements across investments, …
- Business and EconomyEconomyFinance & ServicesNigeria
Nigeria’s Debt Servicing Hits N8.9tn in Nine Months, Exceeds 2024 Budget
Nigeria’s debt servicing costs rose sharply to N8.9tn in the first nine months of 2024, far exceeding the pro-rata budget of N6.2tn. A new report by Afrinvest revealed that the …
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Nigerian Architects Seek Stronger Ties With Ariston Group Ahead of Lagos Forum
The Nigerian Institute of Architects (NIA) has paid a courtesy visit to Ariston Group to strengthen collaboration and appreciate the company’s contributions towards advancing architectural design in Nigeria. In a …
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Ride-Hailing Drivers Plan Nationwide Strike on May 1 Over Low Pay, High Commission
Thousands of ride-hailing drivers across major platforms including Uber, Bolt, Lagride, inDrive, and Rida are planning to stop work for 24 hours on May 1, 2025, over poor pay and …
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SEC Warns Celebrities, Influencers Over Promotion of Meme Coins, Illegal Crypto Platforms
ABUJA — The Securities and Exchange Commission (SEC) has cautioned Nigerian celebrities and social media influencers against promoting digital asset platforms and meme coins that are not registered or licensed. …
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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 …
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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 …
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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. …
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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 …