The Asset Management Corporation of Nigeria (AMCON) has renewed its battle to recover a staggering N455 billion debt allegedly owed by Arik Air, one of Nigeria’s formerly leading domestic carriers. …
Amid rising concerns about the profitability of state-owned enterprises (SOEs) across Africa, Ghana has spotlighted its top-performing government-backed businesses – and the numbers are eye-catching. According to fresh data, the …
A new report from the Central Bank of Nigeria (CBN) has revealed that a majority of Nigerians are groaning under the burden of high borrowing costs, with a whopping 65.5% …
In a surprising twist in the foreign exchange market, the Nigerian naira on Tuesday recorded a modest appreciation against the United States dollar, exchanging at ₦1,530.52/$ at the official window. …
Global operators in the online casino industry are beginning to shift their gaze toward emerging markets — and Africa, especially Nigeria, is fast gaining traction as a promising frontier. Experts …
Industry experts have described the ongoing sale of Shell Petroleum Development Company (SPDC) and ExxonMobil assets as a golden opportunity to deepen local content in Nigeria’s oil and gas sector. …
Nigeria’s leading carrier, Air Peace, has caused a stir in the aviation space after slashing its Lagos-London airfare by a jaw-dropping ₦600,000 — a move that has sent shockwaves through …
The Nigerian Senate has passed the second reading of a bill that seeks to mandate social media platforms, bloggers, and other online content creators to establish physical offices within the …
Egypt’s economic reforms are gaining traction as the country intensifies efforts to attract foreign direct investment and stabilize its financial ecosystem. The Central Bank’s currency adjustments, along with government-driven manufacturing …
The Lagos State Government, in partnership with the Aliko Dangote Foundation (ADF), has commenced the distribution of 50kg bags of rice to over one million vulnerable households across the state. …
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