Economy

The World Bank has revealed that Nigeria’s economy grew at its fastest rate in almost 10 years in 2024, driven by strong performance in the fourth quarter and better management …

The Kenyan government has announced that it will reduce its fiscal deficit to 4.5 percent of its Gross Domestic Product (GDP) for the 2025/2026 financial year. This is a step …

Netflix, the American video streaming giant, has spent more than $175 million on film and TV production in Africa’s top three markets—South Africa, Nigeria, and Kenya—since it started operations on …

The African Export-Import Bank (Afreximbank) has launched a $1 billion Africa Film Fund to support the continent’s fast-growing but underfunded creative industry. The new initiative, part of Afreximbank’s Creative Africa …

Tanzania and Malawi have finally agreed to end their trade dispute following weeks of escalating tensions and reciprocal import restrictions. The two countries, joined by South Africa which was also …

Tanzania and Malawi have officially ended their trade dispute, agreeing to lift restrictions that had affected the movement of goods between both countries. After holding bilateral talks, the two nations …

Corporate and investment banking firm Rand Merchant Bank (RMB) Nigeria has declared its support for President Bola Tinubu’s economic reforms, saying they are crucial for stimulating trade and investment across …

The Central Bank of Nigeria (CBN) has raised its total offer at the latest Treasury Bills Primary Market Auction to N550 billion, an increase from the N400 billion offered in …

First Asset Management Limited, an investment management company and a subsidiary of First HoldCo Plc, has announced that it has crossed the N1 trillion mark in Assets Under Management (AUM), …

The management of Dangote Petroleum Refinery has rejected claims made by oil marketers that the refinery cannot meet Nigeria’s local fuel demand. Officials of the refinery told our correspondent that …