Lagos State Governor, Mr. Babajide Sanwo-Olu, is set to officially commission the new Rack Centre LGS2 data facility in Lagos on Wednesday, April 10, 2025. The facility, which has a …
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- BusinessEconomyFinance & ServicesGOVERNMENTPolicies
Naira Falls Again Despite CBN Intervention, Faces More Pressure from Global Events
The Nigerian naira has continued to weaken against the US dollar, as it recorded another round of depreciation in March 2025, both at the official market and in the parallel …
- Banking, Finance & InvestmentEastern AfricaEconomyEthiopiaGOVERNMENT
Audit Report Exposes Forex Losses and Debt Pressure at Ethiopia’s Central Bank
A new audit of the National Bank of Ethiopia (NBE) has revealed serious financial troubles, including massive losses in foreign exchange dealings and gold trading, as well as rising government …
- DevelopmentEconomyEgyptFinance & ServicesGOVERNMENTNorth Africa
Egypt’s Finance Ministry Rolls Out Measures to Boost Economy and Support Citizens
The Egyptian Ministry of Finance has announced new steps to boost economic activity and encourage private sector growth. The move also targets support for key industries in the country. These …
- EconomyEgyptFinance & ServicesGOVERNMENTInternational RelationsNorth Africa
Egypt’s External Debt Drops by $12.9 Billion in 2024 – Reforms Credited for Major Relief
Egypt has recorded its biggest drop in external debt in history, reducing its foreign debt burden by about US$12.9 billion in 2024. This brings the total to $155.093 billion by …
- EconomyEnergyGOVERNMENTInfrastructure
FG Begins Meter Rollout, Targets Over 3.2 Million Installations by 2026
The Federal Government has announced the arrival of the first batch of prepaid electricity meters under its renewed push to close the metering gap across the country, with over 275,000 …
- Banking, Finance & InvestmentBusiness InsightsEconomyGOVERNMENT
RMB Engages Investors, FG on Economic Outlook During Abuja Roadshow
Leading corporate and investment banking group, Rand Merchant Bank (RMB), has concluded a series of high-level engagements in Abuja as part of its West Africa investor roadshow, spotlighting Nigeria’s investment …
The Nigerian National Petroleum Company Limited (NNPC Ltd) has named a new eight-man senior management team, following the appointment of Bayo Ojulari as the Group Chief Executive Officer (GCEO) and …
- Business and EconomyEnergyGOVERNMENTInfrastructureNigeriaWestern Africa
FG Signs $27.3m Deal with LNG Arete to Build Mini Gas Plant in Kogi
The Federal Government of Nigeria has signed a $27.3 million deal with LNG Arete to build a mini Liquefied Natural Gas (LNG) plant in Ajaokuta, Kogi State. The agreement, signed …
- Banking, Finance & InvestmentEconomyGOVERNMENTNigeriaWestern Africa
Six Banks Pay Over N751bn in Taxes for 2024
Six Nigerian banks have paid a total of N751.796 billion in taxes to the Federal and State Governments for the 2024 financial year, which ended on December 31, 2024. This …