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 …
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EconomyFinance & ServicesFood ProductionGOVERNMENTPoliciesSouth Africa
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CBN Keeps Interest Rate at 27.5% as Business Leaders Push for Reduction Amid Economic Concerns
The Central Bank of Nigeria (CBN) has decided to maintain the Monetary Policy Rate (MPR), also known as the interest rate, at 27.50 per cent. This announcement was made by …
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Lagos Raises Alarm Over Poor Building Approval Compliance Despite 5 Million Structures
The Lagos State Physical Planning Permit Authority has raised concern over the very low number of buildings in the state with official development approvals, despite the presence of more than …
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CongoDevelopmentEconomyInternational RelationsINVESTMENTPoliciesRWANDARwandaRwandaRwanda Daily
US-Backed Deal May Allow Congo Minerals to Be Legally Processed in Rwanda Amid Peace Talks
Efforts to resolve the conflict between the Democratic Republic of Congo (DRC) and Rwanda may soon see Congolese minerals such as tungsten, tantalum, and tin legally exported to Rwanda for …
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Banking, Finance & InvestmentEconomyMarketsNigeriaPolicies
CBN Denies Report of Distress in Nigerian Bank, Says Banking System Is Safe
The Central Bank of Nigeria (CBN) has denied social media and online reports suggesting that one of the banks under its regulation is facing distress. In a statement released on …
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DevelopmentELECTRICITYGOVERNMENTInternational RelationsINVESTMENTNigeriaPolicies
China Eyes Nigeria’s Solid Minerals for Electric Vehicle Factories – Ambassador Yu Dunhai
The Chinese Ambassador to Nigeria, Mr. Yu Dunhai, has said that China is ready to partner with Nigeria to develop its solid minerals sector by setting up electric vehicle factories …
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AfricaAviationDevelopmentEconomyGOVERNMENTInfrastructureNigeriaPoliciesTransportation & Logisitics
Festus Keyamo Urges African Nations to Take Action on Single African Air Transport Market
Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has urged African countries to go beyond policy declarations and take real steps towards implementing the Single African Air Transport Market …
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Digital EconomyFinance & ServicesINVESTMENTMarketsPoliciesTechnology
Finance Minister Wale Edun Launches New SEC Website to Boost Capital Market Transparency and Participation
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has officially launched a redesigned website for the Securities and Exchange Commission (SEC), marking a major step in …
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EconomyGOVERNMENTPoliciesUncategorized
Afrinvest warns Nigeria’s debt may hit ₦180tn by 2025 amid weak oil earnings, rising spending
Financial analysts at Afrinvest have warned that Nigeria’s total public debt may climb to ₦180 trillion by the end of 2025 if the country’s current fiscal trajectory is not urgently …
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EconomyFinance & ServicesINVESTMENTMarketsNigeriaPoliciesSecurity
Nigerian fixed income market closes week strong as yields drop across T-bills, bonds, and Eurobonds
Nigeria’s fixed income market ended the week on a bullish note, as yields dropped across the Treasury bills, local bonds, and Eurobond markets. This was revealed in a fresh market …