Economy

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the shutdown of the Port Harcourt Refining Company by the Nigerian National Petroleum Company Limited (NNPC) is not a major …

South African retail giant Pick n Pay has reported a significantly smaller loss before tax for its full-year results, signalling early signs of recovery as the company pushes forward with …

Nigerian safety footwear manufacturer, Yikodeen, has secured a $1.5 million investment from Lagos-based private equity firm, Aruwa Capital Management. The money will be used to expand Yikodeen’s factory, increase its …

The Nigerian Air Force (NAF) has destroyed more than 100 illegal crude oil refining sites in the Niger Delta region between January and May 2025. This action is part of …

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 …

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 …

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 …

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 …

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 …

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 …