The Nigeria Sovereign Investment Authority (NSIA) has recorded significant growth in its net assets for the 2024 financial year, nearly doubling despite global economic uncertainties. In a statement signed by …
GOVERNMENT
- Business and EconomyFinance & ServicesGOVERNMENTINVESTMENTNigeriaWestern Africa
- AviationDevelopmentEconomyGOVERNMENTInfrastructureNigeriaWestern Africa
Abia Airport Project to Employ Local Workers—Craneburg
CRANEBURG Construction Company, the consultants for the Abia airport project, has assured that skilled and unskilled workers from the host community, Nsulu in Isialangwa North Local Government Area, will be …
The Raw Materials Research and Development Council (RMRDC) is calling on the rubber industry to support efforts to amend its founding Act to prevent the export of raw materials from …
- BusinessEconomyFinance & ServicesGOVERNMENTNigeria
$500m W’Bank Loan: LCCI charges FG on fiscal discipline, transparency
The Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr. Chinyere Almona, has called for transparency and efficiency in the disbursement of the World Bank’s newly approved $500 …
- BusinessEconomyFinance & ServicesGOVERNMENT
Nigeria’s net FX reserves rose to $23b in December, says CBN
Nigeria’s net foreign exchange reserves (NFER) have risen to $23.11 billion at the end of 2024, according to the Central Bank of Nigeria (CBN). This figure is $15.6 billion lower …
- EconomyFinance & ServicesGOVERNMENTPolitics
South Africa’s two biggest parties yet to reach pact on budget
South Africa’s two biggest political parties, the African National Congress (ANC) and the pro-business Democratic Alliance (DA), are still struggling to reach an agreement on the national budget. The deadlock …
- EconomyEgyptGOVERNMENTNorth AfricaTravel & Tourism
ETF: Tourism in Egypt Increases by 15% Due to Government Strategies
Hossam Hazaa, a member of the Egyptian Tourism Federation (ETF), has stated that tourism rates in Egypt have increased by 15% to 20% in some areas. He attributed this growth …
Egypt’s Prime Minister, Mostafa Madbouly, has announced that the country’s unemployment rate dropped to 6.4% in the fourth quarter (Q4) of the 2024/2025 fiscal year. This marks one of the …
- AgricultureGOVERNMENTPoliticsSecurity
Herdsmen Crisis in Enugu: Eha-Amufu Residents Flee as Attacks Intensify
Residents of Eha-Amufu, a community in Isi-Uzo Local Government Area of Enugu State, have been forced to flee their homes as suspected herdsmen overran farm settlements and occupied houses, schools, …
- EconomyEnergyFinance & ServicesGOVERNMENTInfrastructureNigeriaWestern Africa
Nigeria Secures $500 Million World Bank Loan to Boost Economic Resilience
In a bid to tackle pressing economic challenges, Nigeria has secured a $500 million loan from the World Bank to support its Community Action for Resilience and Economic Stimulus Program. …