African economy news and analysis: GDP, inflation, interest rates, currencies, trade and the policies driving growth across the continent.
The Aliko Dangote Foundation (ADF) has donated thousands of bags of rice to the Federal Capital Territory (FCT), Abuja, and Kogi State as part of its N16 billion Annual National …
The Niger Delta Power Holding Company (NDPHC) has revealed that it has invested more than N500 billion in power transmission infrastructure across Nigeria. This was disclosed by the Managing Director …
Guala Closures, a top international company known for making bottle closures for drinks and edible oil, has opened a new factory in Nigeria. The new manufacturing plant is located in …
The Nigeria Customs Service, Federal Operations Unit, Zone C, Owerri, says it has seized smuggled goods worth over N1 billion in duty-paid value between March 20, 2025, and now. The …
Nigerian Breweries Plc has recorded a major turnaround in its business, posting a net profit of N44.6 billion in the first quarter of 2025. This marks a big comeback for …
Experts, investors, and government officials have thrown their weight behind the newly signed Investment and Securities Act 2025, calling it a major breakthrough for Nigeria’s digital economy. The new law, …
Top leaders from Nigeria’s private sector, development partners, and government have come together to push for faster action to meet the Sustainable Development Goals (SDGs) before the 2030 deadline. The …
The Minister of Power, Adebayo Adelabu, has said the Federal Government plans to pay N2 trillion out of the N4 trillion it is owing to electricity generation companies (Gencos) before …
The Central Bank of Nigeria (CBN) has said that Nigeria needs strong, stable, and resilient banks if the country wants to achieve the $1 trillion economy target by the year …
The National Bureau of Statistics (NBS) has announced a rise in Nigeria’s inflation rate to 24.23% for March 2025. This figure shows an increase from the 23.18% recorded in February …
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