Uganda’s central bank has decided to keep its main lending rate unchanged at 9.75 per cent for the fourth time in a row, as the country continues to monitor global …
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Category:
Economy
- AgricultureBusinessEconomyInternational MarketsManufacturingTrade
Nigeria’s Non-Oil Exports Hit $3.23bn in H1 2025, Up 19.6% from Last Year
Nigeria’s non-oil exports rose to $3.225bn in the first half of 2025, showing a strong performance in the country’s drive to diversify its economy. This figure is a 19.59 per …
- BankingBusiness InsightsCurrencyEconomyMarketsPolicies
Naira Ends Week Mixed Across Official and Parallel Markets Amid Forex Demand Surge
The Nigerian naira ended last week with a mixed performance in the foreign exchange market, as it recorded marginal gains at the official window but slipped in the parallel market. …
- China-Africa RelationsCurrencyEconomyFinanceFinancial InclusionMarkets
Chinese Yuan Weakens to 7.1405 Against US Dollar
The central parity rate of the Chinese currency, the renminbi (yuan), fell slightly on Monday, weakening by 23 pips to 7.1405 against the United States dollar. The China Foreign Exchange …
- BusinessDevelopmentEconomyFinanceInfrastructurePolitics
World Bank approves N12.88tn loans to Nigeria in two years
The World Bank has approved a total of $8.40bn (about N12.89tn) in fresh loans to Nigeria within the last two years. The new approvals, which span from June 2023 to …
Filling stations across Lagos, Ogun and other parts of Nigeria have increased the pump price of Premium Motor Spirit (PMS), popularly called petrol, to ₦900 per litre and above, despite …
- BusinessEconomyEnergyManufacturingNigeriaOil & Gas
Oilden Energies to Launch Brand, Unveil Subsidiary as It Targets Top 30 Global Lubricants Ranking by 2030
Oilden Energies Limited, one of Nigeria’s rising lubricant manufacturers, has announced that it will officially launch its brand and unveil a new subsidiary on Friday, August 15, 2025, in Lagos. …
- BankingBusinessDevelopmentEconomyEntrepreneurshipFinanceNigeriaReal EstateStartups
HQ, The Alternative Bank Partner to Provide Affordable Office Spaces for Startups Nationwide
HQ, a subsidiary of International Workplace Group (IWG), has partnered with The Alternative Bank to make modern and affordable office spaces available to startups and small businesses across Nigeria. The …
- AfricaArts & CultureDevelopmentEconomyEntertainmentNigeria
British Council’s Film Lab Africa Showcases African Talent at ASIS 2025
The British Council’s Film Lab Africa, in partnership with Sterling One Foundation, has hosted a special film screening during the Africa Social Impact Summit (ASIS) 2025, which ended recently. The …
- AFRICA NEWSAviationEconomyInfrastructureINVESTMENTTransportation
Ethiopian Airlines, AfDB to Raise $8bn for Africa’s Largest Airport
Ethiopian Airlines Group has taken a major step toward building what could become Africa’s largest airport by appointing the African Development Bank (AfDB) as the mandated lead arranger to secure …