Prices of rams have doubled across Nigeria as Muslims prepare for the 2025 Eid-el-Kabir celebration, also known as Sallah. Traders and livestock dealers say the sharp increase in prices is …
Economy
-
AgribusinessAgricultureEconomyFood ProductionMarketsNigeriaSecurityTrade and Commerce
-
EconomyGOVERNMENTNigeriaTravel & Tourism
Presidency Spends Over ₦23bn on Foreign Currency for Trips in 2024 Amid Economic Struggles
The Presidency spent more than ₦23 billion in 2024 to purchase foreign currencies for international travels by top executive officials including President Bola Ahmed Tinubu, Vice President Kashim Shettima, and …
-
AfricaDevelopmentEconomyPoliticsUGANDA
World Bank Resumes Funding to Uganda Nearly Two Years After Anti-LGBT Law Fallout
The World Bank has announced the resumption of funding to Uganda, nearly two years after suspending new financing to the country due to the enactment of the controversial Anti-Homosexuality Act …
-
EconomyGOVERNMENTMarketsPoliciesSouth Africa
South African Rand Strengthens Ahead of Budget Debate as Economic Signals Improve
The South African rand firmed slightly on Wednesday morning, gaining momentum ahead of a crucial parliamentary debate on the long-awaited national budget. By 07:30 GMT, the rand was trading at …
-
EconomyFinance & ServicesMarketsNewsNigeria
Naira Hits Two-Month High of ₦1,565.46/$ Amid Strengthening Reforms and Policy Stability
The Nigerian naira on Wednesday reached its strongest level in over two months, closing at ₦1,565.46 to the dollar at the official foreign exchange (FX) market. This marked a ₦13.82 …
-
AfricaBusinessDevelopmentEconomyEntrepreneurshipInnovationMarketsSouth Africa
African Brands Work to Win Back Local Customers from Foreign Companies
Many African brands are now making efforts to regain the trust and loyalty of African consumers who have for years preferred foreign brands. Across the continent, foreign products from Europe, …
-
BusinessDevelopmentEconomyGOVERNMENTHealthcare
Dangote Urges End to Health Tourism in Nigeria, Calls for Local Drug Production and Stronger Health Partnerships
Billionaire businessman and Africa’s richest man, Aliko Dangote, has called on Nigeria to put an end to health tourism and instead focus on building a strong, self-sufficient healthcare system through …
-
Cyber securityEconomyGOVERNMENTTechnology
NCC Partners World Bank to Launch New Cybersecurity Framework for Safer Digital Nigeria
The Nigerian Communications Commission (NCC) has unveiled a new cybersecurity framework designed to strengthen the digital safety and resilience of the country’s communication ecosystem. The initiative, which is backed by …
-
EconomyFinance & ServicesINVESTMENTPoliciesSouth Africa
S&P Says South Africa Needs Better Growth and Discipline to Get Credit Upgrade
South Africa must grow its economy faster and manage its public finances better if it hopes to receive its first credit rating upgrade in over 20 years, according to S&P …
-
Banking, Finance & InvestmentDevelopmentEconomyFinance & ServicesGhanaMALAWIZAMBIA
Fitch Downgrades Afreximbank Credit Rating to BBB-, Flags High Risks and Weak Transparency
Fitch Ratings has downgraded the credit rating of the African Export-Import Bank (Afreximbank) by one notch to BBB-, just above junk status, citing growing credit risks and weak risk management …