The Central Bank of Nigeria (CBN) is now taking tougher actions in the foreign exchange market, aiming to stop speculators and bring more stability to the naira. These fresh efforts …
International Relations
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Nigeria Records Fastest Economic Growth in 10 Years, Says World Bank, But Inflation Still a Big Problem
The World Bank has revealed that Nigeria’s economy grew at its fastest rate in almost 10 years in 2024, driven by strong performance in the fourth quarter and better management …
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Kenya Moves to Cut Budget Deficit, Eyes Fresh IMF Talks Amid Economic Pressure
The Kenyan government has announced that it will reduce its fiscal deficit to 4.5 percent of its Gross Domestic Product (GDP) for the 2025/2026 financial year. This is a step …
- AgribusinessAgricultureBusiness InsightsBusiness PoliciesEconomyInfrastructureInternational RelationsPoliciesSouth AfricaTANZANIATrade and Commerce
Tanzania and Malawi End Trade War After Retaliation Threats and Regional Pressure
Tanzania and Malawi have finally agreed to end their trade dispute following weeks of escalating tensions and reciprocal import restrictions. The two countries, joined by South Africa which was also …
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Tanzania and Malawi End Trade War, Agree to Lift Restrictions and Implement Regional Trade Deal
Tanzania and Malawi have officially ended their trade dispute, agreeing to lift restrictions that had affected the movement of goods between both countries. After holding bilateral talks, the two nations …
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Nigeria-Britain Association Reaffirms Commitment to Strengthening UK-Nigeria Ties
The Nigeria-Britain Association (N-BA) has restated its commitment to deepening the bilateral relationship between Nigeria and the United Kingdom. This declaration was made during the Association’s 56th Annual General Meeting …
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ACCI President Urges Nigeria to Improve Currency Swap with China to Support Businesses
The President of the Abuja Chamber of Commerce and Industry (ACCI), Chief Emeka Obegolu, has appealed to the Nigerian Government to take urgent steps to make it easier for local …
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Angola’s $200 Million Trouble with JPMorgan Exposes Africa’s Mounting Debt Pressure
Angola has found itself in the news again over its rising financial pressures, as a $200 million margin call from U.S. banking giant JPMorgan Chase & Co. has exposed the …
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NTSB Blames Pilot Disorientation, Safety Lapses for Helicopter Crash That Killed Herbert Wigwe, Family
The National Transportation Safety Board (NTSB) of the United States has officially linked the tragic helicopter crash that claimed the lives of Herbert Wigwe, former Group CEO of Access Holdings …
- EconomyEnergyFinance & ServicesGOVERNMENTInternational RelationsManufacturingMarketsSouth AfricaTrade and Commerce
Rand Slips Ahead of Manufacturing Data as Analysts Watch Power, Ports, and Global Signals
The South African rand lost a bit of ground in early trading on Thursday, May 8, as traders waited for the country’s latest manufacturing output figures. According to market data, …