Former presidential candidate of the Labour Party, Mr. Peter Obi, has openly accused President Bola Ahmed Tinubu of using misleading and false economic statistics to hide the reality of Nigeria’s …
Economy
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EconomyGovernanceHungerPoliticsPovertyPublic OpinionSocial Welfare
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China-Africa RelationsDebt Management,EconomyFinance & ServicesInfrastructureOil & Gas
Angola Moves to Cut Oil-Backed Debt to China by 2025
Angola is making strong progress in reducing its oil-backed debt to China, with government officials saying the total could drop to between $7.5 billion and $8 billion by the end …
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AgricultureEastern AfricaEconomyRegional CooperationTransportation & Logisitics
Rwanda, Tanzania to Open Dar Port Office in Kigali
Rwanda and Tanzania have agreed to bring port services closer to Rwandan importers by signing a key trade agreement that will allow the Tanzania Ports Authority (TPA) to open a …
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Business and EconomyEconomyEmerging MarketsGlobal NewsTrade & Investment,U.S
US Tariffs, Economic Signals Shake Global Markets
Global financial markets started the new week in a cautious mood as investors prepare for a series of important economic reports from the United States and the rollout of new …
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DiplomacyEconomyEnergyGlobal NewsInternational TradePolitics
EU, US Seal $750bn Energy Deal Amid Russia-Ukraine War
The European Union (EU) has signed a major energy trade agreement with the United States, committing to buy $750 billion worth of hydrocarbons over the next three years. The agreement, …
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AFRICA NEWSBusinessEconomyFinance & ServicesGovernanceLaw and Justice
UniBank Executives Offer GH¢2bn Settlement Amid Probe
The Attorney General and Minister of Justice of Ghana, Dr. Dominic Ayine, has revealed that directors of the collapsed uniBank Ghana Limited have proposed a GH¢2 billion settlement to resolve …
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AgricultureBusinessEconomyManufacturingMarketsNigeria
Dangote Sugar Returns to Profit with N430bn Revenue in H1 2025
Dangote Sugar Refinery Plc (DSR) has announced a strong recovery in its financial results for the first half of 2025, recording a revenue of N430.21 billion, representing a 45.53% increase …
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BusinessEconomyFinance & ServicesManufacturingManufacturing & Consumer GoodsNewsNigeria
Guinness Nigeria Returns to Profit with N16.2 Billion in 2025, Celebrates 75th Anniversary
Guinness Nigeria Plc has bounced back to profitability, posting a net profit of N16.2 billion for the financial year ended 2025. This marks a sharp turnaround from the previous year’s …
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BusinessDevelopmentEconomyInfrastructureMarketsReal Estate
Nigeria’s Commercial Property Market Faces Dollar Shock
The commercial real estate market in Nigeria is witnessing mixed developments, as the cost of renting office spaces skyrockets due to naira devaluation, while industrial real estate is enjoying renewed …
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DevelopmentEconomyFinance & ServicesGOVERNMENTNigeriaPolicies
Nigeria Revenue Service Gets Legal Backing to Borrow Funds, Retain 4% of Non-Oil Revenue Under New Tax Act
The Federal Government has given the newly established Nigeria Revenue Service (NRS) the legal power to borrow funds from any source and retain 4 per cent of the total non-petroleum …