The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced plans to sell shares to the public as part of its transition into a fully commercial entity. This move is …
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Economy
- AgricultureDevelopmentEconomyFood ProductionGOVERNMENTNigeriaPoliciesSecurityWestern Africa
Lagos Unveils Three-Pillar Proposal to Tackle Food Insecurity
The Lagos State Government has introduced a three-pillar proposal to address Nigeria’s growing food insecurity, focusing on boosting food production, improving storage facilities, and reducing wastage. Speaking at the launch …
- EconomyEnergyNatural ResourcesNigeriaOil & GasPoliticsWestern Africa
Bill to Give States Control Over Oil and Mineral Resources Passes Second Reading
The House of Representatives has passed the second reading of a bill that seeks to grant state governments full control over oil and mineral resources within their territories. If passed …
Nigeria’s foreign trade via maritime transport surged by 91% in 2024, reaching N130.75 trillion, up from N68.44 trillion in 2023, according to the National Bureau of Statistics (NBS). Exports dominated …
- Banking, Finance & InvestmentDigital EconomyEconomyFinance & ServicesFintechNigeriaTechnologyWestern Africa
Bankit MFB Uses Games to Teach Nigerians About Money
Bankit Microfinance Bank (MFB), a Pan-African fintech company, is using games to help Nigerians learn about managing money better. The bank believes that by making financial education fun, more people …
- Eastern AfricaEconomyEnergyEthiopiaGOVERNMENTPoliciesTransportation & Logisitics
Ethiopian Government Raises Fuel Prices Amid Scarcity and Black Market Surge
The Ethiopian government has once again increased fuel prices, raising concerns among citizens already grappling with widespread shortages and the rising cost of living. The new prices took effect on …
- Business PoliciesEconomyFinance & Services
CBN Intensifies Measures Against Forex Speculators Amid Naira Depreciation
The Central Bank of Nigeria (CBN) is preparing to implement additional strategies to combat foreign exchange (forex) speculators, aiming to stabilize the naira, which has been experiencing a decline in …
- AfricaBusinessDigital EconomyEconomyInnovation
Cassava Technologies Partners with Nvidia to Build Africa’s First AI Factory
Cassava Technologies has partnered with Nvidia to launch Africa’s first artificial intelligence (AI) factory, a move set to transform digital infrastructure on the continent. The company, founded by Zimbabwean entrepreneur …
- DevelopmentEconomyEnergyPoliciesSecurity
CEDES Criticizes NNPCL’s Dollars-for-Crude Policy, Warns of Increased Fuel Import Dependency
The Centre for Energy Development and Economic Sustainability (CEDES) has expressed concerns over the Nigerian National Petroleum Company Limited’s (NNPCL) recent shift to a Dollars-for-Crude policy, describing it as a …
- BusinessEconomyGOVERNMENTNigeriaPoliciesTrade and CommerceWestern Africa
How Cheap Imports from China Crushed Nigeria’s Textile Industry
Nigeria’s once-booming textile industry is now a shadow of its former self, as cheap imports from China, high production costs, and weak government policies have crippled local manufacturing. In the …