Economy

International rating agency, Fitch Ratings, has reaffirmed the Long-Term Issuer Default Rating (IDR) of Ecobank Nigeria (ENG) at ‘CCC’. This means that while the bank’s financial standing remains challenged, it …

The federal government has announced that Nigeria’s total tax revenue for the first half of 2025 rose to N14.27 trillion, showing a big jump of 43 per cent from the …

Africa’s richest man, Aliko Dangote, has revealed that his refinery currently imports between 9 and 10 million barrels of crude oil every month from the United States and other countries …

Auto Bucks Lenders, a fast-rising subsidiary of Alert Group, has announced a remarkable growth of over 100 per cent in profit since it started operations. The company made this known …

Lagos State Governor, Babajide Sanwo-Olu, has appealed to all state governors across Nigeria, banks, development organisations, foreign embassies, regulatory agencies, local and international partners, and big players in agriculture to …

Zambia has signed a $1.1 billion deal with China’s Fujian Xiang Xin Corporation to build a large-scale crude oil refinery that will slash fuel imports and position the country as …

Guinea Insurance Plc has announced a net loss of N114.7 million for the first half of 2025, marking a sharp reversal from the profit of N116.1 million it recorded in …

Mozambique has officially launched the National Public Works Administration (ANOP, IP) to take charge of all government construction and maintenance of social infrastructure across the country. The launch event was …

Mozambican President Daniel Chapo is getting ready to visit Russia as part of plans to strengthen cooperation between the two countries. This was revealed on Tuesday by Mozambique’s Minister of …

Cryptocurrency is no longer just something people invest in hoping it will rise in value. In South Africa, digital money like Bitcoin and others are now being used to buy …