Economy

The Financial Reporting Council of Nigeria (FRC) and the Nigerian Actuarial Development Programme (NADP) have raised alarm over the shortage of actuarial professionals in the country. This was discussed during …

In a move to ensure stable electricity in Ondo State, Lincs Power Energy Solutions has joined hands with the state government to build a 5-megawatt power project. The project aims …

Nigeria has approached the World Bank for a fresh $10.50 million loan to strengthen the Central Bank of Nigeria’s technical capacity and modernise the country’s domestic payment system. The move …

International Breweries has recorded another year of losses, marking its seventh consecutive year in the red. The company’s audited financial report, filed on the Nigerian Exchange Limited on Thursday, showed …

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 …