The Nigerian naira lost a little ground in the official foreign exchange market on Monday, slipping from N1,535.03 to N1,536.42 per dollar. The minor drop, according to market analysts, was …
Foreign Affairs
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Central BankingCurrencyEconomyFinanceForeign AffairsMarkets
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BankingBusinessEconomyForeign AffairsGOVERNMENTGovernment PolicyINVESTMENT
Nigeria Attracts $5.64bn in Q1 2025 as Banking Sector Leads Capital Inflows
Nigeria recorded a strong rise in foreign capital inflows in the first quarter of 2025, attracting a total of $5.64 billion. The latest capital importation report released by the National …
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Business and EconomyForeign AffairsINVESTMENTMiningNatural ResourcesNews
De Beers Discovers First New Kimberlite Field in Angola After 30 Years
De Beers, the global diamond giant, has made a significant discovery in Angola—its first kimberlite field in three decades. The announcement came on Tuesday, August 12, 2025, from the company’s …
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AFRICA NEWSBusiness and EconomyConflictForeign AffairsNatural ResourcesPoliciesSecurity
US Slams Sanctions on Congo Militia and Mining Firms Over Illegal Coltan Trade
The United States government has announced fresh sanctions aimed at stopping the trade in conflict minerals from eastern Democratic Republic of Congo (DRC). On Tuesday, August 12, 2025, American authorities …
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Business and EconomyChina-Africa RelationsCorporate StrategyEconomyEgyptForeign AffairsIndustrial DevelopmentInfrastructureINVESTMENTManufacturing
Egypt, China’s Sailun Group Sign $1 Billion Deal for Tire Factory in Suez Canal Economic Zone
Egypt has entered into a major $1 billion agreement with China’s Sailun Group to build a large automotive tire manufacturing plant in the Suez Canal Economic Zone. The deal, announced …
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DiplomacyForeign AffairsImmigrationPoliticsSecurity
Nigeria Urges Calm After Ghana Protest Over Deportation Calls
Ghana — Nigeria’s Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, has urged calm amid growing calls by some Ghanaians for the deportation of Nigerians residing in the country. …
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EducationForeign AffairsGovernanceHealthcareHumanitarianPolitics
USAID Pullout: Yobe, Nigeria Called to Action
For years, Nigeria has depended on foreign help to support important services like health care, education, nutrition, and child protection. One of the biggest sources of this help was the …