The Defence Industries Corporation of Nigeria (DICON) has signed a Memorandum of Understanding (MoU) with Oida Energy Limited to set up Nigeria’s first oilfield shaped charge manufacturing facility. The deal, …
EconomyEnergyManufacturingOil & Gas
Category:
Economy
- BankingBusinessEconomyFinanceInflationMonetary Policy
CBN Cuts Interest Rate to 27% as OPS Says Relief Still Too Small
The Central Bank of Nigeria has reduced the country’s benchmark interest rate to 27 per cent, marking the first cut in 2025 after three consecutive pauses. The move signals a …
- BankingBusinessCapital MarketEconomyINVESTMENTMarketsNews
Nigerian Stock Market Loses N322bn as Bearish Trend Persists
The Nigerian Exchange (NGX) on Tuesday extended its bearish run as investors retreated from select equities, wiping out N322 billion from the total market value. At the close of trading, …
- BusinessEconomyGovernment PolicyInflationManufacturingRegulationTrade
Manufacturers Oppose FG’s Plan to Introduce Tax Stamp System on Excisable Products
The Manufacturers Association of Nigeria (MAN) has cautioned the Federal Government against the planned introduction of a Tax Stamp System on excisable products, warning that the policy would worsen inflation, …
- BankingCapital MarketCorporate EarningsEconomyFinanceINVESTMENT
GTCO Reports N600.9bn Half-Year Profit Before Tax Despite Absence of Extraordinary Gains
Guaranty Trust Holding Company Plc, GTCO, has announced a profit before tax of N600.9bn for the half-year ended June 30, 2025, reflecting strong resilience in its operations even though the …
- African DevelopmentClimate ChangeEconomyEnergyEnvironmentInternational Relations
African Nations Urged to Use Climate Plans as Path to Economic Growth
African governments have been urged to treat their upcoming national climate plans not just as environmental strategies but as opportunities to grow economies, create jobs and improve living standards across …
- AviationEconomyInfrastructureInnovationTransport
Engineer Isaac Oyawoye Urges Nigeria to Embrace Innovation for Durable Infrastructure
The Federal Government has been urged to place innovation at the centre of infrastructure development if Nigeria is to overcome its deepening crisis of failing roads and crumbling airport runways. …
- AfricaEconomyElectionsGovernanceHuman RightsPolitics
Uganda’s Museveni Cleared to Contest Again in 2026 Presidential Election
Uganda’s Electoral Commission has cleared President Yoweri Kaguta Museveni to contest in the 2026 presidential election, paving the way for the 81-year-old leader to extend his time in power to …
- EconomyForeign ExchangeINVESTMENTSouth Africa
South African Rand Holds Steady as Investors Await Local Economic Drivers
The South African rand traded flat against the U.S. dollar on Tuesday, extending a two-week stretch of stability as investors kept watch for domestic economic triggers. By 8:15 GMT, the …
- AviationEconomyGovernanceKenyaLabourTransportation
Kenya Aviation Workers Union Issues Strike Notice Over KAA Board Disputes
The Kenya Aviation Workers Union (KAWU) has issued a seven-day strike notice, demanding the resignation of the Kenya Airports Authority (KAA) board over unresolved labour disputes and the fallout from …