Rice farmers across Nigeria have raised a serious alarm over what they describe as the collapse of the country’s rice industry. They blame the shutdown of local rice mills, job …
Economy
-
AgricultureDevelopmentEconomyGOVERNMENTNigeriaPoliticsSecurityTrade and Commerce
-
BusinessEconomyELECTRICITYEnergyGOVERNMENTInfrastructureMarketsNigeria
NDPHC Cries Out Over N600bn Debt, Says Power Plants Struggling Despite 4,000MW Capacity
The Niger Delta Power Holding Company (NDPHC) has raised alarm that it is being owed nearly N600 billion by the Nigeria Bulk Electricity Trading Plc (NBET) and other bilateral power …
-
EconomyFinance & ServicesGOVERNMENTLabourNigeriaPolitics
Federal Workers Forum Slams Tinubu Government, Declares Nationwide Protest Over Unpaid Wages
The Federal Workers Forum (FWF) has declared a nationwide protest to begin on Monday, May 26, 2025, in Abuja and across federal secretariats nationwide, expressing deep frustration over what it …
-
BusinessEconomyFinance & ServicesGOVERNMENTMarketsPoliciesPolitics
Naira Gains Ground Against Dollar as CBN Holds Interest Rate Steady
The Nigerian naira has shown consistent strength against the US dollar throughout the week, culminating in a notable appreciation on Friday, May 23, 2025.Data from the Central Bank of Nigeria …
-
EconomyINVESTMENTPoliciesSouth AfricaTelecommunications
South Africa Proposes New Policy to Ease Black Ownership Rules, Opening Door for Starlink and Others
South Africa’s government is set to change the rules for foreign communications companies, potentially allowing firms like Elon Musk’s Starlink to operate more freely in the country. The new draft …
-
AfricaAgricultureEconomyFinance & ServicesINVESTMENTPoliciesZAMBIA
Zambia Keeps Interest Rate Steady at 14.5% as Inflation Forecast Improves
Zambia’s Central Bank has decided to keep its main interest rate unchanged at 14.50 percent. This decision comes after two recent hikes in the rate aimed at controlling high inflation …
-
DevelopmentEconomyEntrepreneurshipInfrastructureInnovationINVESTMENTPoliciesTechnologyTrade and Commerce
Africa Rallies Around Digital Trade at Inaugural AfCFTA Digital Trade Forum in Lusaka
The Inaugural AfCFTA Digital Trade Forum, held from May 8–10, 2025, in Lusaka, Zambia, has set the stage for the continent’s operational phase of a unified digital single market, with …
-
BusinessEconomyFinance & ServicesFintechInnovationNigeriaTechnology
Mida Technologies Redefines Debt Recovery with Tech-Driven Empathy, Achieves 40% Repayment Rate
Mida Technologies, a Nigerian loan recovery firm, is making waves in the country’s financial sector by adopting a unique model that combines technology with empathy—a strategy that is yielding a …
-
AfricaBusinessEconomyFinance & ServicesInnovationInsuranceINVESTMENTNigeria
Sanlam and Allianz Set to Finalize Merger in Nigeria, Reshaping Insurance Landscape
Two of the most prominent players in global and African insurance and financial services, Sanlam and Allianz, appear poised to complete the anticipated merger of their operations in Nigeria, marking …
-
BusinessEconomyFinance & ServicesInsuranceINVESTMENTNewsNigeria
AM Best Assigns “B+” Credit Rating to Linkage Assurance Plc, Outlook Stable
Linkage Assurance Plc, a key player in Nigeria’s non-life insurance sector, has received a Long-Term Issuer Credit Rating (ICR) of “B+” (Good) from AM Best, a renowned global credit rating …