The United Kingdom has expressed strong support for Nigeria’s economic direction under President Bola Ahmed Tinubu, saying that the reforms introduced by his government are building investor confidence and positioning …
Economy
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BusinessDevelopmentEconomyGOVERNMENTInternational RelationsINVESTMENTNigeriaPoliciesTrade and Commerce
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EconomyFinance & ServicesGOVERNMENTInternational RelationsPoliciesSouth AfricaTrade and Commerce
South African Rand Gains Slightly as Ramaphosa Confirms Meeting with U.S. President
The South African rand gained a bit of strength on Thursday morning, trading at 18.22 to the U.S. dollar around 6:22 a.m. GMT. This marks a 0.3% improvement from where …
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Banking, Finance & InvestmentBusiness InsightsDevelopmentEconomyGOVERNMENTNigeria
World Bank Faults FG’s Cash Transfer Scheme, Says Millions of Poor Nigerians Left Out
The World Bank has raised concerns over the Nigerian government’s Conditional Cash Transfer (CCT) programme, saying it has failed to reach millions of vulnerable citizens it was meant to support. …
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AfricaBusiness InsightsBusiness PoliciesEconomyGOVERNMENTINVESTMENTKenyaLabourManufacturingTrade and Commerce
Kenya Earns KSh 60.6 Billion from Apparel Exports to US under AGOA in 2024
Kenya earned KSh 60.6 billion from apparel exports to the United States in 2024 under the Africa Growth and Opportunity Act (AGOA), representing a 19.2% increase from KSh 50.8 billion …
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EconomyEnergyEnvironmentGOVERNMENTInfrastructureINVESTMENTNigeria
FG’s Rural Electrification Drive Attracts ₦5.8bn Private Investment, Powers 183 Communities
The Federal Government, through the Rural Electrification Agency (REA), has revealed that its clean energy programmes have attracted over ₦5.8 billion in private sector investment, significantly boosting energy access for …
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EconomyGOVERNMENTInfrastructureNigeriaTechnology
FG Saves ₦31bn Through Port Automation in Six Months, Shippers’ Council Pushes for Reforms
The Nigerian Shippers’ Council (NSC) has announced that the Federal Government saved over ₦31 billion in the first half of 2024 through the automation of key port operations, including demurrage, …
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CrimeEconomyEnergyGOVERNMENTNigeria
AMCON, BPE, NERC Dragged to Court Over Alleged Undervalued Sale of Ibadan Disco Shares
A civil society organisation, the African Initiative Against Abuse of Public Trust, has taken the Asset Management Corporation of Nigeria (AMCON), the Bureau of Public Enterprises (BPE), and the Nigerian …
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AfricaBusiness PoliciesDevelopmentEconomyFinance & ServicesGOVERNMENTInternational RelationsTOGO
AU, AfDB, and Togo Host High-Level Conference to Tackle Africa’s Rising Debt Crisis
The African Union (AU), in collaboration with the African Development Bank (AfDB) and the Government of Togo, has begun preparations for a high-level conference aimed at addressing the continent’s growing …
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Central AfricaDevelopmentEconomyFood ProductionSecurityWestern Africa
UN Warns of Record Hunger in West and Central Africa as Over 36 Million Struggle to Eat
The United Nations World Food Programme (WFP) has raised alarm that over 36 million people in West and Central Africa are currently facing serious hunger. The organisation said the situation …
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BusinessBusiness InsightsEconomyFinance & ServicesGOVERNMENTINVESTMENTMarketsNigeriaOil & Gas
CSCS Pays N8.8 Billion Dividend to Shareholders for 2024 Financial Year
The Central Securities Clearing System (CSCS) Plc has confirmed the payment of N8.8 billion to its shareholders as dividends for the 2024 financial year. The approval for the payment was …