Economy

The World Bank has announced the approval of three major financing operations worth a total of $1.08 billion to support key sectors in Nigeria, including education, nutrition, and economic resilience. …

The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of petrol to N925 per litre in Lagos and N950 per litre in Abuja, following weeks of speculation …

The South African rand fell sharply on Wednesday following disagreements over the country’s budget vote, raising concerns about the strength of the coalition government. By 16:40 GMT, the rand was …

Nigeria’s President Bola Tinubu has appointed former Shell executive Bayo Ojulari as the new head of the Nigerian National Petroleum Company (NNPC) along with a new board, raising hopes for …

South Africa’s pro-business Democratic Alliance (DA) has taken legal action against the government, challenging the legality of the budget process and seeking to block the planned value-added tax (VAT) increase. …

The World Bank’s private investment arm is making a major push into Africa’s digital economy with a $100 million investment in regional data centre developer and operator Raxio Group. This …

South Africa’s presidency has responded to the latest U.S. tariffs, emphasizing the need for a new trade agreement with Washington to secure long-term trade stability. The statement came after U.S. …

Nigeria and Spain have signed a memorandum of understanding (MoU) to establish political and diplomatic consultations. The agreement, signed by Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, and his Spanish …

The European Union has announced a major investment of €4.7 billion in South Africa. This money will be used to support the country’s transition to green energy and boost vaccine …

JP Morgan is set to expand its footprint in Nigeria by upgrading its Lagos representative office into a full-fledged business branch. The US banking giant plans to apply for a …