The Nigerian Airspace Management Agency (NAMA) has formally requested the federal government to reverse a recent policy mandating a 50% deduction from its revenue. NAMA officials argue that the deduction, …
The Nigerian tech industry, a burgeoning sector with immense potential, is facing significant challenges as a result of the ongoing foreign exchange (forex) crisis. Despite the government’s efforts to implement …
The Nigerian Naira has experienced a notable decline in value, and the country’s external reserves have also decreased, despite recent foreign exchange (FX) reforms aimed at stabilizing the economy. According …
In a significant development, the Labour unions are set to present a new proposal during their meeting with the Federal Government team today. The discussions, which have been eagerly anticipated, …
The Central Bank of Nigeria (CBN) has directed all Bureau de Change (BDC) operators in the nation to reapply for updated operational licenses before June 3, 2024, to retain their …
The International Monetary Fund (IMF) has disclosed that import restrictions and foreign currency shortages in Nigeria and other African countries are still hindering businesses. In its Regional Economic Outlook for …
Nigeria’s President Bola Tinubu has approved The Infrastructure Corporation of Nigeria (InfraCorp) to be the Lead Arranger and Developer of Evergreen City, the country’s green industrial zone. According to a …
The Prime Minister of Egypt, Mostafa Madbouly, announced that the entrepreneurship sector in the country has attracted investments exceeding $2 billion in the last four years. Madbouly highlighted Egypt’s dedication …
The United Nations Educational, Scientific and Cultural Organization (UNESCO) recently presented its latest report on artificial intelligence readiness for Morocco at a national conference on AI development held in Rabat. …
Morocco and the World Bank have reiterated their commitment to strengthen their collaboration and have called for advancing their partnership through a new joint roadmap. This was stated during a …