Africa’s air cargo industry recorded the steepest drop in global demand in March 2025, with a 13.4 per cent year-on-year decline, according to data released by the International Air Transport …
Economy
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AfricaAFRICA NEWSAviationEconomyNigeriaTrade and Commerce
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DevelopmentEconomyFinance & ServicesGOVERNMENTInternational RelationsNigeriaPoliciesWestern Africa
Policy Think Tank Faults IMF’s Economic Outlook on Nigeria, Backs FG’s Growth Target
The Independent Media and Policy Initiative (IMPI) has expressed disagreement with the International Monetary Fund (IMF) over its latest economic growth forecast for Nigeria. The IMF had recently revised its …
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AfricaBanking, Finance & InvestmentEconomyFinance & ServicesGOVERNMENTINVESTMENTMarketsNigeriaPolicies
FG Opens May 2025 Savings Bond Window for Retail Investors
The Federal Government of Nigeria, through the Debt Management Office (DMO), has launched a new round of the Federal Government of Nigeria (FGN) Savings Bond for the month of May …
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EconomyEnergyGOVERNMENTINVESTMENTNigeriaOil & GasPress ReleasesWestern Africa
ExxonMobil to Invest $1.5 Billion in Nigeria’s Deepwater Oil Fields
Oil giant ExxonMobil has announced it will invest $1.5 billion in Nigeria’s deepwater oil exploration and development over the next two years. The company said this fresh investment will be …
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AfricaAFRICA NEWSBusinessEconomyFinance & ServicesInformation & TechnologyPress ReleasesTechnologyTelecommunications
MTN Nigeria Reports N133.7bn Profit in Q1 2025
MTN Nigeria Communications Plc has reported a profit after tax of N133.7 billion for the first quarter of 2025, recovering from a loss of N392.7 billion recorded in the same …
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DevelopmentEconomyEnvironmentGOVERNMENTNigeriaSecurityWestern Africa
Federal Government Shuts Down Illegal Mining Site in Kaduna Using Peaceful Strategy
The Federal Government has shut down an illegal mining site located in Damau, Kubau Local Government Area of Kaduna State. This operation was carried out by the Mining Marshals under …
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Banking, Finance & InvestmentBusinessBusiness InsightsBusiness PoliciesEconomyKenyaKenya NewsPolicies
CBK Warns Kenyan Banks to Cut Lending Rates or Face Heavy Fines
The Central Bank of Kenya (CBK) has warned commercial banks in the country to reduce their lending rates or risk facing serious financial penalties. The warning came from CBK Governor …
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EconomyGOVERNMENTInternational RelationsPoliticsSouth AfricaSouthern Africa
ANC and DA Clash Over Employment Equity Law in South Africa
The African National Congress (ANC) has come out strongly against the Democratic Alliance (DA) for taking legal action against the new Employment Equity Amendment Act, saying the move is against …
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BusinessBusiness InsightsDevelopmentEconomyEntrepreneurshipFinance & ServicesSpotlight
How to Shield Your Business from Naira Volatility in 2025
Introduction In today’s interconnected global marketplace, businesses operating within Nigeria are increasingly susceptible to the unpredictable nature of international currency exchange rates. A particularly significant challenge for Nigerian enterprises is …
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EconomyFinance & ServicesGOVERNMENTINVESTMENTPoliciesPoliticsSouth Africa
Lesetja Kganyago Warns Against Populist Economic Promises in South Africa
The Governor of the South African Reserve Bank, Mr. Lesetja Kganyago, has spoken out against what he described as the rising influence of populist politicians in South Africa, warning that …