Small business owners in various parts of the Federal Capital Territory (FCT), including Kubwa, Kuje, Gwagwalada, and Aco Estate, are crying out over poor electricity supply, saying it is killing …
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South Africa’s Inflation Rises Slightly in April Amid Food Price Pressure and Speculation Over New Target
Inflation in South Africa rose slightly in April 2025 due to higher food prices, although it remained below the central bank’s official target range. This is according to new data …
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CBN Keeps Interest Rate at 27.5% as Business Leaders Push for Reduction Amid Economic Concerns
The Central Bank of Nigeria (CBN) has decided to maintain the Monetary Policy Rate (MPR), also known as the interest rate, at 27.50 per cent. This announcement was made by …
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Lagos Raises Alarm Over Poor Building Approval Compliance Despite 5 Million Structures
The Lagos State Physical Planning Permit Authority has raised concern over the very low number of buildings in the state with official development approvals, despite the presence of more than …
- BusinessEconomyFinance & ServicesGOVERNMENTINVESTMENTNigeriaSouth AfricaWestern Africa
Odu’a Investment Declares N518m Dividend as Revenue, Income Soar Despite Economic Pressure
Odu’a Investment Company Limited has declared a dividend of N518 million for the 2024 financial year, marking a 21 per cent increase from the N428 million disbursed to shareholders in …
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Senate Raises Alarm as FG Owes Power Firms N800bn, Sector Faces Major Crisis
The Nigerian Senate Committee on Power has cried out over the growing financial crisis facing the country’s power sector, revealing that the Federal Government currently owes electricity generating companies (GenCos) …
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Experts Call for Bold Energy Decisions to Unlock Africa’s Gas and Renewable Potential
Energy leaders and policymakers at a recent high-level forum have called on African governments to make urgent and strategic decisions that can unlock the continent’s huge natural gas and renewable …
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South Africa’s Rand Steady Ahead of Budget Speech and Ramaphosa-Trump Meeting
South Africa’s rand held steady on Tuesday as investors waited for key events later in the week, including the national budget speech and a meeting between President Cyril Ramaphosa and …
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Nigeria’s Digital Economy Attracts $191m in Q1 2024, Rolls Out $2bn Fibre Project – Minister Bosun Tijani
The Federal Government has revealed that Nigeria’s Communications and Digital Economy sector attracted $191 million in foreign direct investment (FDI) in the first quarter of 2024, a major jump from …
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China Eyes Nigeria’s Solid Minerals for Electric Vehicle Factories – Ambassador Yu Dunhai
The Chinese Ambassador to Nigeria, Mr. Yu Dunhai, has said that China is ready to partner with Nigeria to develop its solid minerals sector by setting up electric vehicle factories …