The Egyptian Ministry of Finance has announced new steps to boost economic activity and encourage private sector growth. The move also targets support for key industries in the country. These …
Economy
- DevelopmentEconomyEgyptFinance & ServicesGOVERNMENTNorth Africa
- EconomyEgyptFinance & ServicesGOVERNMENTInternational RelationsNorth Africa
Egypt’s External Debt Drops by $12.9 Billion in 2024 – Reforms Credited for Major Relief
Egypt has recorded its biggest drop in external debt in history, reducing its foreign debt burden by about US$12.9 billion in 2024. This brings the total to $155.093 billion by …
- AfricaEconomyPoliticsTrade and CommerceZIMBABWE
Mnangagwa Moves to Suspend Tariffs on US Goods Amid Sanctions and Trade Dispute
Zimbabwean President Emmerson Mnangagwa has announced plans to suspend all tariffs on goods imported from the United States. The announcement comes shortly after former US President Donald Trump imposed 18 …
- EconomyEnergyGOVERNMENTInfrastructure
FG Begins Meter Rollout, Targets Over 3.2 Million Installations by 2026
The Federal Government has announced the arrival of the first batch of prepaid electricity meters under its renewed push to close the metering gap across the country, with over 275,000 …
- Banking, Finance & InvestmentBusiness InsightsEconomyGOVERNMENT
RMB Engages Investors, FG on Economic Outlook During Abuja Roadshow
Leading corporate and investment banking group, Rand Merchant Bank (RMB), has concluded a series of high-level engagements in Abuja as part of its West Africa investor roadshow, spotlighting Nigeria’s investment …
- Banking, Finance & InvestmentEconomyGOVERNMENTNigeriaWestern Africa
Six Banks Pay Over N751bn in Taxes for 2024
Six Nigerian banks have paid a total of N751.796 billion in taxes to the Federal and State Governments for the 2024 financial year, which ended on December 31, 2024. This …
The Financial Reporting Council (FRC) has lifted the three-month suspension it placed on Mr. Abel Onyeke, a senior partner at Nexia Agbo Abel & Co, after concluding that the initial …
- BusinessEconomyEnergyGOVERNMENTOil & GasPolicies
Petrol Can Drop to N350 if FG Supports Local Refineries – CORAN
The Crude Oil Refinery Owners Association of Nigeria (CORAN) has said that petrol can sell for as low as N350 per litre if the Federal Government supports local refineries and …
- BusinessEconomyGOVERNMENTInfrastructurePolicies
Shipowners Spend Millions of Dollars Abroad for Vessel Repairs as NIMASA’s Dockyard Remains Idle
Nigerian shipowners are crying out over the high cost of dry-docking their vessels in neighbouring West African countries, while a N50 billion modular floating dock owned by NIMASA lies unused …
Nigeria spent a total of N13.12 trillion on servicing its debts in 2024, a big jump from the N7.8 trillion it paid in 2023. This is a 68 per cent …