Kenya’s Capital Markets Authority (CMA) has approved a plan to raise Sh47 billion to fund the ongoing construction of the Talanta Sports Stadium in Nairobi. The stadium is one of …
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Kenya’s Crude Oil Sale from Turkana Sparks Revenue Sharing Dispute
Kenya has earned Sh247 million from the sale of crude oil extracted from Turkana County, but this achievement has been overshadowed by a serious disagreement over how the money should …
- EconomyFinance & ServicesGOVERNMENTNatural ResourcesNigeriaOil & Gas
Governor Peter Mbah Urges RMAFC to Release 13% Derivation Funds to Enugu State
Governor Peter Ndubuisi Mbah of Enugu State has appealed to the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) to fast-track the release of 13 percent oil derivation funds due to …
- EconomyELECTRICITYEnergyGOVERNMENTInfrastructureINVESTMENT
Adelabu Raises Alarm as Power Subsidy Hits ₦200 Billion Monthly, FG Owes GenCos ₦4 Trillion
The Minister of Power, Chief Adebayo Adelabu, has again raised concerns over the growing cost of electricity subsidies in Nigeria, warning that the current approach is not sustainable. According to …
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ILO Cautions on AI’s Labour Impact, Urges Nigeria and Others to Plan for Inclusive Transition
The International Labour Organisation (ILO) has said artificial intelligence (AI), especially generative AI, has the power to change the global labour market. But it also warned that if not well …
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FG to Sell 753 Duplexes Linked to Emefiele, Vows Transparency in Public Disposal
The Federal Ministry of Housing and Urban Development has taken over a massive 753-duplex housing estate in Lokogoma, Abuja, originally linked to former Central Bank of Nigeria Governor, Godwin Emefiele, …
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CIBN Says Nigerian Banks Are Safe and Stable, Urges Public to Ignore Rumours
The Chartered Institute of Bankers of Nigeria (CIBN) has assured Nigerians that the country’s banking sector is strong, stable, and not in danger. This reassurance came after some media reports …
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Finance Minister Wale Edun Says Capital Market Key to $1 Trillion Nigerian Economy
The Minister of Finance, Mr. Wale Edun, has said Nigeria’s capital market will play a major role in helping the country achieve its goal of becoming a one-trillion-dollar economy. Edun …
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Poor Electricity Supply Forces Small Business Owners in Abuja to Shut Down
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 …