African economy news and analysis: GDP, inflation, interest rates, currencies, trade and the policies driving growth across the continent.
Nigeria’s bond market is currently facing serious challenges as investor interest has dropped due to fear of rising interest rates and uncertainty in the economy. The Central Bank of Nigeria, …
The Central Bank of Nigeria (CBN) has reduced its Ways and Means advances to the Federal Government by 59 percent, signalling a new phase of fiscal discipline under the leadership …
Major oil companies around the world have recorded sharp drops in profit in the first quarter of 2025, as the fall in global oil prices and rising production costs continue …
The Nasarawa State Chapter of the Nigeria Association of Small-Scale Industrialists (NASSI) has entered into a partnership with Dangote Industries Limited to explore new investment opportunities and boost industrial development …
The Presidential Initiative on Compressed Natural Gas (PCNGI) has removed one of its key conversion partners, Charles Goriola Yakub of C & L Smart Energy Limited, over what it described …
The Federal Government has launched a new funding programme called the Creative Economy Development Fund (CEDF) to support people working in Nigeria’s creative sector. The fund was introduced by the …
President Bola Tinubu is expected to meet with the leadership of Nigeria’s power-generating companies (GenCos) in a high-level intervention aimed at addressing the N4tn debt threatening the country’s already fragile …
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the bank’s commitment to ensuring long-term economic stability, financial inclusion, and policy transparency as Nigeria continues with …
President of Dangote Group, Alhaji Aliko Dangote, has said he is still fighting for the survival of his $20 billion refinery in Lekki, Lagos State. Dangote, Africa’s richest man, revealed …
Top Nigerian business leaders have stressed the need for innovative thinking and strategic personnel choices to drive growth as companies continue to battle the country’s challenging economic conditions. The call …
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