Diamond Trust Bank (DTB) Kenya has reduced its base lending rate for all Kenya shilling-denominated credit facilities, cutting it by 20 basis points from 14.41% to 14.21%, effective July 1, …
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Banking, Finance & InvestmentEastern AfricaEconomyFinance & ServicesPolicies
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Nigerian Union of Pensioners Disowns Planned Protest Over N32,000 Pension Increment
The Nigerian Union of Pensioners (NUP) has distanced itself from any planned protest over the recently announced N32,000 pension increment for retirees under the Defined Benefit Scheme (DBS). The union …
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Botswana’s economy is facing fresh pressure as Citigroup Inc. has warned that the country may need to devalue its currency further, following a sharp drop in diamond revenues. The Bank …
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EconomyFinance & ServicesGOVERNMENTMarketsNigeriaPoliciesTechnology
SEC to Launch USSD Code to Help Nigerians Verify Investment Operators
The Securities and Exchange Commission (SEC), Nigeria’s top capital market regulator, has announced plans to launch a new Unstructured Supplementary Service Data (USSD) code to help Nigerians verify the registration …
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EconomyFinance & ServicesLabourPolicies
Oman Sets August 1 Deadline for Engineers to Obtain Certification for Work Permits
The government of Oman has announced that from August 1, 2025, all engineers working or seeking employment in the country must obtain a Professional Classification Certificate issued by the Oman …
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EconomyFinance & ServicesInternational RelationsOil & GasPoliciesTrade and Commerce
Naira Nears N1,530/$ as Forex Market Gains Confidence
The naira moved closer to N1,530 per dollar in the parallel market as trading resumed on Monday, July 21, 2025. This movement comes as Nigeria’s foreign exchange market maintains some …
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Yakubu Gowon University Empowers Over 12,000 Students with Entrepreneurial Skills
The Yakubu Gowon University, formerly known as the University of Abuja, has disclosed that it has empowered over 12,000 of its students with various entrepreneurial skills aimed at making them …
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AfricaDevelopmentEnvironmentGOVERNMENTNewsPolicies
Nigerian Expert Advocates Community-Driven Water Governance at UN
A Nigerian rural development expert, Damilola Olajubutu, has taken Nigeria’s water access crisis to the international stage, calling for a fundamental shift in how water projects are designed and implemented. …
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The National Health Insurance Authority (NHIA) has announced a significant expansion of the national health insurance scheme to cover critical health conditions, including support for people living with HIV (PLHIV) …
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BusinessEconomyEnergyGOVERNMENTNigeriaOil & GasPolicies
NMDPRA Urges Strict Compliance with Oil and Gas Sector Regulations
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has called for stronger compliance with oil and gas sector regulations, especially in midstream and downstream operations. This call was made …