Electricity consumers across Nigeria failed to pay a total of N70.25 billion in May 2025, according to the latest commercial performance report released by the Nigerian Electricity Regulatory Commission (NERC). …
Business and Economy
-
Business and EconomyFinance & ServicesPower SectorPublic UtilitiesRegulation
-
Banking, Finance & InvestmentBusiness and EconomyCapital MarketCorporate Earnings
FCMB Grows Half-Year Profit to N73.4bn in 2025
FCMB Group Plc has announced a strong financial performance for the half-year period ended June 30, 2025, showing major growth in revenue, profit, and customer deposits, despite some challenges in …
-
Banking, Finance & InvestmentBusiness and EconomyCryptocurrencyGovernment Policy
Banks to File N25m Transaction Reports Monthly from 2026
From January 2026, banks, insurance companies, stockbrokers, and other financial institutions in Nigeria will start submitting detailed monthly reports of large transactions to the tax authorities, following a new tax …
-
Business and EconomyEconomyEmerging MarketsGlobal NewsTrade & Investment,U.S
US Tariffs, Economic Signals Shake Global Markets
Global financial markets started the new week in a cautious mood as investors prepare for a series of important economic reports from the United States and the rollout of new …
-
Business and EconomyHealthcareInternational RelationsINVESTMENTPolitics
Tanzania Seeks Belarus Support to Boost Local Drug Production
Tanzania has shown strong interest in working with Belarus to improve its pharmaceutical industry and reduce its reliance on imported medicines. This was made known by the Prime Minister of …
-
Business and EconomyINVESTMENTPoliticsTANZANIA
Tanzania’s Gold Production Rises by 40% as Government Backs Small-Scale Miners
Tanzania’s gold mining sector has recorded a major boost in the last four years, with total gold production rising sharply from 18,210 kilograms in 2021 to 27,000 kilograms by 2025. …
-
Business and EconomyFinance & ServicesGOVERNMENT
Kenya’s Dollar Reserves Hit $11.2bn as Shilling Holds Strong
Kenyan traders and importers have every reason to breathe a sigh of relief, as the Central Bank of Kenya (CBK) has confirmed that the country’s US dollar reserves are strong …
-
AfricaAFRICA NEWSBusiness and EconomyEconomySouth AfricaTransportation & Logisitics
Fuel Prices Rise Across South Africa
Motorists and households in South Africa are facing a fresh round of fuel price hikes, with the cost of petrol, diesel, and paraffin all increasing as of this week. According …
-
AfricaAFRICA NEWSBanking, Finance & InvestmentBusiness and EconomyEconomyFinance & ServicesNewsPoliciesSouth Africa
South African Inflation Expectations Crushed
South African analysts, business leaders, and trade unions have lowered their inflation expectations for the coming years, according to the latest survey released on Wednesday. This shift could encourage the …
-
AfricaAFRICA NEWSBusiness and EconomyEconomyEnergyInfrastructureNewsSouthern AfricaZAMBIA
Zambia Launches Largest Solar Power Plant to Boost Energy Security
Zambia’s President, Hakainde Hichilema, on Monday officially opened the country’s largest grid-connected solar power plant, a major step towards strengthening the nation’s electricity supply. The 100-megawatt solar facility, located in …