The World Bank has said that access to affordable and reliable electricity is vital to unlocking Africa’s potential for job creation, industrial growth, and poverty reduction. In a new blog …
Economy
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AfricaDevelopmentEconomyEmploymentEnergyInfrastructure
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EconomyGovernancePetroleumSecurity
Customs Intercepts N80.4 Million Worth of Petrol Smuggled to Benin Republic
The Nigeria Customs Service (NCS), under its special operation codenamed Operation Whirlwind, has intercepted 1,980 jerrycans of Premium Motor Spirit (PMS), also known as petrol, worth N80.4 million, allegedly being …
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BankingConsumer ProtectionEconomyFinanceGovernanceNational AssemblyRegulation
Reps to Probe Arbitrary Bank Charges as Nigerians Decry Unexplained Deductions
The House of Representatives has resolved to investigate what it described as the arbitrary, excessive, and unexplained charges imposed on customers by commercial banks across Nigeria. The lawmakers made this …
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BusinessEconomyFinanceGovernment PolicyLawNigeriaPublic ServicesRegulationTaxation
Nigeria’s New Tax Law Takes Effect in 2026, Sets N800,000 Income Threshold and N100 Million Turnover for Companies
Nigeria’s new tax reform law has been officially signed and will take effect from the 2026 fiscal year. The new law introduces several changes aimed at improving compliance, easing the …
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DevelopmentEconomyFinanceGlobal NewsIMF ProgrammeInternational RelationsNigeriaPolicies
IMF to Release New World Economic Outlook and Global Financial Stability Reports Today
The International Monetary Fund (IMF) will today, Tuesday, October 14, 2025, unveil its latest World Economic Outlook (WEO) report in Washington, D.C., during a hybrid press briefing as part of …
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BankingCapital MarketCorporate AffairsEconomyFinanceNigeriaRegulation
Big Banks in Nigeria Spend ₦442 Billion on AMCON Charges as Profits Fall
by Radarr Adminby Radarr AdminNigeria’s biggest commercial banks have spent a total of ₦442 billion on the Asset Management Corporation of Nigeria (AMCON) levy in the first half of 2025, representing a 34 percent …
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BusinessCommoditiesEconomyFinanceINVESTMENTMiningSouth Africa
South African Rand Falls as Investors Await Key Economic Data
The South African rand weakened in early trading on Tuesday as investors awaited the release of key domestic economic indicators that could provide fresh insight into the country’s financial outlook. …
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AfricaCryptocurrencyEconomyFinanceInnovationINVESTMENTLawTechnology
Kenya Passes Landmark Bill to Regulate Cryptocurrencies and Digital Assets
Kenyan lawmakers have approved a new bill to regulate digital assets such as cryptocurrencies, marking a major step towards providing legal clarity for the country’s growing financial technology sector. The …
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Debt Management,EconomyFinanceGOVERNMENTInternationalINVESTMENTWestern Africa
Senegal’s Bonds Drop as Moody’s Downgrades Credit Rating Over Debt Concerns
Senegal’s international bonds fell sharply on Monday after Moody’s Investors Service downgraded the West African nation’s credit rating, warning that it was becoming less certain the country would be able …
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BusinessEconomyGlobal DevelopmentInfrastructureINVESTMENTTechnology
Google to Invest $15 Billion in Building Massive AI Hub in Southern India
Google has announced a major $15 billion investment plan to build a new data centre hub dedicated to artificial intelligence (AI) development in southern India. The project, which will be …