Economy

At least ten Nigerian states have collectively raised their domestic debt stock by ₦417.7 billion within a year, despite receiving increased monthly revenue from the Federation Account Allocation Committee (FAAC), …

Maritime industry stakeholders have raised concerns over the high cost of marine security in Nigeria, revealing that shipowners still spend between $5,000 and $8,000 daily to hire private security vessels, …

Fuel prices at filling stations across Lagos and Ogun States have started falling below the N900 per litre mark following a N40 reduction in ex-depot prices by Dangote Petroleum Refinery. …

The Federal Government has commissioned Nigeria’s first Mini-grid Simulation and Standardisation Centre, a $150,000 facility aimed at regulating the quality of solar components and promoting local manufacturing of renewable energy …

The Manufacturers Association of Nigeria (MAN) has endorsed the Ogun State Government’s approach to plastic waste management, describing its ‘Blue Box’ and ‘Plastics for Cash’ initiatives as forward-thinking and economically …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has generated a total of N28.11 billion in miscellaneous oil revenue between January and May 2025. This amount, which was fully remitted to …

Unilever Nigeria Plc has appointed Ibrahim Sodipe as its new Executive Director, effective July 1, 2025. The company announced this appointment in a statement released to the Nigerian Exchange Limited, …

Togo is making a bold attempt to revive its cotton sector, which has seen years of steady decline. The country is aiming to produce over 92,500 tons of seed cotton …

Commercial banks in Kenya are reducing their lending rates, following recent moves by the Central Bank of Kenya (CBK) to ease its monetary policy in an effort to boost private …

Telkom Kenya, once a trailblazer in the country’s telecommunications industry, is now facing a steep decline in market relevance as it struggles to keep pace with dominant rivals Safaricom and …