The Government of Ghana will soon begin feasibility studies for the development of a Coastal Water Transport System as part of plans to complement the country’s road transport network. The …
Economy
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DevelopmentEconomyGhanaGovernment PolicyInfrastructureMaritime
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BankingBusinessEconomyFinanceGovernanceWestern Africa
Bank of Ghana Cuts Policy Rate to 21.5% as Inflation Pressures Ease
The Monetary Policy Committee (MPC) of the Bank of Ghana has announced a major cut in the benchmark policy rate, slashing it by 350 basis points (3.5 per cent) from …
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DevelopmentEconomyGovernanceHealthInternationalNigeria
WHO Commends Nigeria and Other Nations for Reducing Non-Communicable Disease Deaths
The World Health Organisation (WHO) has praised Nigeria alongside China, Egypt, Russia, Brazil, and Denmark for making significant progress in reducing deaths caused by non-communicable diseases (NCDs). The recognition came …
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BusinessEconomyEnergyOil & Gas
NCDMB Urges WAV, Other Indigenous Firms to Explore Deepwater Oil and Gas Opportunities
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr. Felix Ogbe, has called on leading Nigerian oil and gas service providers to direct more of their …
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BusinessEconomyFinanceInsurancePoliciesRegulation
Experts Say NIIRA 2025 Will Boost Insurance Sector’s GDP Contribution
Industry experts have projected that the Nigerian Insurance Industry Reform Act 2025 (NIIRA) will boost the insurance sector’s contribution to the Gross Domestic Product and restore confidence in the industry. …
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BankingBusinessCapital MarketCorporate EarningsEconomyFinance
UBA Half-Year Profit Rises to N335bn Despite Drop in Pre-Tax Earnings
United Bank for Africa Plc (UBA) has announced its financial performance for the first half of 2025, showing a profit after tax of N335.53bn. This represents a 6.06 per cent …
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EconomyGlobal MarketsInflationMonetary PolicyStock Market
Asian Stocks Waver as US Fed Cuts Rates Amid Jobs Concerns
Equities across Asia traded mixed on Thursday after the United States Federal Reserve lowered interest rates for the first time since December, leaving investors uncertain about how many more cuts …
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DevelopmentEconomyHousingInfrastructureINVESTMENTReal EstateUrban Development
Novarick Launches $116 Billion Development Initiative Across Four Cities
Novarick Homes has announced the launch of an ambitious initiative tagged Project 1600 – Vision 2045, a twenty-year plan to deliver 1,600 apartments across four of Nigeria’s key cities: Lagos, …
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BusinessEconomyInternational TradeMaritimeOil & GasSecurity
Stakeholders Lament $1.5bn War Risk Insurance Burden Despite Improved Maritime Security
Despite Nigeria’s removal from piracy-prone and high-risk maritime zones, shipowners are still paying heavy war risk insurance premiums on Nigeria-bound cargoes. Stakeholders say the charges, which have cost the country …
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BusinessEconomyEnergyGovernanceOil & Gas
Nigeria’s Crude Oil Output Falls Below OPEC Quota in August
Nigeria’s crude oil production fell again in August, reversing recent gains that had lifted the country above its OPEC quota for two consecutive months. The drop has raised fresh concerns …