The Central Bank of Nigeria (CBN) has declined the nomination of Dr. Adewale Bolorunduro, a former Commissioner for Finance in Osun State, as a Director of the state-owned Living Trust …
GOVERNMENT
- Banking, Finance & InvestmentFinance & ServicesGOVERNMENTNigeriaPoliticsWestern Africa
- EconomyEnergyGOVERNMENTInfrastructureNigeriaWestern Africa
Federal Government Allocates N471.69 Billion for Electricity Subsidies in Q4 2024
The Federal Government of Nigeria has provided N471.69 billion in subsidies to support the nation’s electricity sector during the fourth quarter of 2024. This subsidy accounts for approximately 57% of …
- AfricaBusinessGOVERNMENTINVESTMENTNigeriaTrade and CommerceWestern Africa
Trade Ministry Calls Urgent Meeting Over FRCN Levy Dispute
The Federal Ministry of Industry, Trade and Investment has called an emergency meeting to address the growing concerns over a new levy introduced by the Financial Reporting Council of Nigeria …
- BusinessBusiness and EconomyEconomyGOVERNMENTNigeriaWestern Africa
FG Identifies 457 Illegal Mining Sites Nationwide, Vows Tough Crackdown
The Federal Government has disclosed that a total of 457 illegal mining sites have been identified across Nigeria within the past year, a revelation that underscores the scale of unregulated …
- BusinessBusiness and EconomyEastern AfricaEconomyFinance & ServicesGOVERNMENTSecurityUGANDA
Ugandan Government Raises Over Sh2 Trillion from Securities in February
In a significant financial development, the Ugandan government amassed a total of Sh2.27 trillion in February 2025 through the issuance of its securities, as detailed in the latest economic performance …
- BusinessCorruptionGOVERNMENTTrade and CommerceTransportation & Logisitics
French Billionaire Bolloré Under Scrutiny Over Africa Port Deals
Controversial French billionaire, Vincent Bolloré, is once again in the spotlight — this time facing fraud allegations tied to his port operations in Africa. French prosecutors have intensified investigations into …
- AFRICA NEWSAgricultureBusinessEconomyFood ProductionGOVERNMENTManufacturing & Consumer GoodsSecuritySenegalWestern Africa
Senegal’s Rice Revolution: Govt Plans Local Production of 1.4 Million Tonnes in 2025
In a bold move to curb import dependence and achieve food sovereignty, the Senegalese government has unveiled an ambitious plan to produce 1.4 million tonnes of rice locally by 2025, …
- AfricaAFRICA NEWSBusiness and EconomyEconomyGhanaGOVERNMENTWestern Africa
Top 5 Profit-Making State-Owned Enterprises in Ghana Revealed
Amid rising concerns about the profitability of state-owned enterprises (SOEs) across Africa, Ghana has spotlighted its top-performing government-backed businesses – and the numbers are eye-catching. According to fresh data, the …
- AfricaAFRICA NEWSBanking, Finance & InvestmentEconomyFinance & ServicesGhanaGOVERNMENTWestern Africa
Ghana’s Finance Minister Meets Banks Over T-Bills, Spending, Debt Exchange Programme
Ghana’s Finance Minister has stepped up engagement with key financial institutions, holding a crucial dialogue with 22 banks to deliberate on the government’s Domestic Debt Exchange Programme (DDEP), Treasury Bills, …
- AfricaAFRICA NEWSEconomyFinance & ServicesGhanaGOVERNMENTWestern Africa
IEA Criticises Ghana’s 2025 Budget Revenue Projections as ‘Unambitious’
The Institute of Economic Affairs (IEA) has taken a swipe at Ghana’s proposed 2025 budget projections, describing the 16.1% revenue-to-GDP target as weak and far from ambitious. In a statement …