Business and Economy

SARS, South African Revenue Service amidst the nationwide strike announced on Tuesday that it was able to open all 23 of its customs offices and reduce the number of closed …

Nigeria’s excess crude fund has plunged to $376,655.09 at the end of June, from $35.37m in May, amid limited crude exports, biting fuel subsidies, piling debt and a struggling economy. …

The Federation Account Allocation Committee (FAAC) has shared a total sum of N802.407 billion being revenue that was generated in June 2022 to the federal government, states and local governments …

The International Monetary Fund (IMF) has retained projected economic growth of 3.4 percent for Nigeria in 2022. The Washington-based institution disclosed this on Tuesday in its World Economic Outlook (WEO) …

Centum real estate reported a Sh650million consolidated operating profit for the year ended March 31, driven by profits from homes sales and development rights business line. Home sales achieved significant …

The South African Post Office says it has shut down 144 branches across the country – mainly due to unprofitability, congestion and crime. Responding in a written parliamentary Q&A, the …

Agriculture CS Peter Munya says the government has released Ksh 8 billion in order to finance the 4-week National Maize Flour Subsidy Programme announced Wednesday. The funds will allow millers …

The Federal Government of Nigeria will spend N2.7 trillion on fuel subsidy payment in 2023. The Minister of Finance, Budget, and National Planning, Zainab Ahmed, who disclosed this during the …

Debt servicing surpassed Nigeria’s generated revenue in the first quarter of this year, the Ministry of Finance revealed on Thursday. In the fiscal performance report released by the ministry, the …

The global credit rating agency Fitch Ratings has affirmed the African Development Bank’s (AfDB) long-term credit rating: AAA with a Stable Outlook. The ‘AAA’ rating is given to institutions with …