Nigeria’s electricity distribution companies, popularly known as DisCos, are once again in the spotlight as revenue shortfalls continue to haunt the sector. In the first quarter of 2025 alone, the …
Economy
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EconomyELECTRICITYEnergyGOVERNMENTInfrastructure
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BusinessEconomyEnergyGlobal NewsGOVERNMENTInfrastructureINVESTMENTSouth Africa
Transformation Is Key to South Africa’s Economic Growth – BLSA CEO
Chief Executive Officer of Business Leadership South Africa (BLSA), Busisiwe Mavuso, has said that South Africa’s economic future depends heavily on transformation and continuous reforms. She made this known in …
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BusinessEconomyGOVERNMENTInfrastructureLeadershipTransportation & Logisitics
Over 300,000 Trucks Jam Richards Bay Port as South Africa’s Rail System Breaks Down
South Africa’s biggest bulk export port, Richards Bay, is now struggling to cope with heavy truck traffic due to the ongoing collapse of the country’s rail system. According to reports, …
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EconomyFinance & ServicesManufacturingMarketsTrade and Commerce
Dollar Weakens Ahead of Key U.S.-China Trade Talks in London
The U.S. dollar fell against all major global currencies on Monday as market optimism sparked by a strong American jobs report was quickly overtaken by investor caution ahead of high-stakes …
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Central AfricaCongoDevelopmentEconomyPoliticsRwandaSecurity
Rwanda Pulls Out of Central African Bloc ECCAS Over Congo Dispute
Rwanda has announced plans to withdraw from the Economic Community of Central African States (ECCAS), deepening diplomatic tensions in the region over renewed violence involving M23 rebels in eastern Democratic …
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BusinessDevelopmentEconomyReal EstateTravel & Tourism
Short-let Rentals Booming in Lagos, Changing Nigeria’s Property Market
Short-let rentals, especially through Airbnb and local platforms, are now changing the face of Nigeria’s real estate market, particularly in big cities like Lagos. As the country battles a serious …
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BusinessEconomyEntrepreneurshipFinance & ServicesINVESTMENTNigeriaTechnology
Gbenga Magbagbeola Charts New Path for Nigerian Investors as He Leads Sycamore Asset Management
Gbenga Magbagbeola, the new Managing Director of Sycamore Investment and Asset Management Limited, says his firm is taking a fresh approach to tackle problems that have made investing difficult for …
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BusinessEconomyGOVERNMENTInfrastructureNigeriaPolicies
Cutix CEO Laments High Interest Rates, Insecurity, and Influx of Fake Products
NNEWI, Nigeria – Chief Executive Officer of Cutix Plc, Ijeoma Odunoye, has raised fresh concerns over the challenges confronting Nigerian manufacturers, particularly in the cable industry. In a recent interview, …
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BusinessEconomyFinance & ServicesINVESTMENTLeadershipNewsNigeria
Trustfund Pensions Declares 55 Kobo Dividend as Profit Rises 48% in 2024
Trustfund Pensions Limited has declared a dividend of 55 kobo per share for the 2024 financial year after recording strong financial growth across key performance indicators. The company made this …
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EconomyFinance & ServicesINVESTMENTMarkets
Gold Prices Surge as Investors Brace for U.S. Jobs Report Amid Economic Uncertainty
Gold prices have risen this week as investors watch carefully ahead of the much-anticipated U.S. nonfarm payrolls report. Spot gold increased by 0.5 percent to $3,368.49 per ounce, while U.S. …