African economy news and analysis: GDP, inflation, interest rates, currencies, trade and the policies driving growth across the continent.
The National Pension Commission (PenCom) has announced that the rebranded Personal Pension Plan (PPP) has opened up new opportunities for Nigerians to make voluntary pension contributions, allowing Retirement Savings Account …
Nigeria LNG Limited (NLNG) has urged African nations to shift from being raw material suppliers to becoming major players in the global liquefied natural gas (LNG) industry. Speaking at the …
The United States dollar weakened on Wednesday, losing ground against major global currencies as financial markets priced in a possible interest rate cut by the Federal Reserve. The decline comes …
Trading on the Nigerian Exchange (NGX) closed on a mildly positive note on Wednesday as investors slowed down on bargain hunting despite the continued release of third-quarter (Q3) corporate earnings …
Nigeria’s Eurobond market experienced a dip in investor confidence this week as yields climbed by 10 basis points to 8.27 per cent, signalling renewed caution among investors ahead of the …
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said that Nigeria has built strong economic buffers and resilience to withstand global and domestic financial shocks through …
Petroleum marketers across Nigeria have begun moves to import petrol independently as pump prices edge closer to ₦1,000 per litre in several cities, amid worsening supply challenges and production setbacks …
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 …
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 …
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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