The Central Bank of Nigeria (CBN) has decided to maintain the Monetary Policy Rate (MPR), also known as the interest rate, at 27.50 per cent. This announcement was made by …
Nigerian airlines are currently missing out on a major opportunity to earn revenue from the international air travel market, which is estimated to be worth over N8 trillion. The main …
Kenya earned KSh 60.6 billion from apparel exports to the United States in 2024 under the Africa Growth and Opportunity Act (AGOA), representing a 19.2% increase from KSh 50.8 billion …
The African Union (AU), in collaboration with the African Development Bank (AfDB) and the Government of Togo, has begun preparations for a high-level conference aimed at addressing the continent’s growing …
The National Agency for Science and Engineering Infrastructure (NASENI) has declared its full support for President Bola Tinubu’s “Nigeria First Policy,” describing it as a transformative step toward revitalising the …
The Nigerian Maritime Administration and Safety Agency (NIMASA) has confirmed that the long-awaited Cabotage Vessel Financing Fund (CVFF) will be disbursed under an eight-year repayment plan with a single-digit interest …
Netflix, the American video streaming giant, has spent more than $175 million on film and TV production in Africa’s top three markets—South Africa, Nigeria, and Kenya—since it started operations on …
Tanzania and Malawi have finally agreed to end their trade dispute following weeks of escalating tensions and reciprocal import restrictions. The two countries, joined by South Africa which was also …
The Central Bank of Nigeria (CBN) has raised its total offer at the latest Treasury Bills Primary Market Auction to N550 billion, an increase from the N400 billion offered in …
The management of Dangote Petroleum Refinery has rejected claims made by oil marketers that the refinery cannot meet Nigeria’s local fuel demand. Officials of the refinery told our correspondent that …