Egyptians were relieved to experience a slight decrease in temperatures during the Eid al-Adha celebrations, providing a much-needed break from the intense heat wave that had affected the country in …
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AfricaAFRICA NEWSSpotlight
Economic Turmoil Deepens as Manufacturers Exit Nigeria
by Editorby EditorNigeria is grappling with increasing economic difficulties as numerous large manufacturers reveal plans to leave the country. This is worsening the nation’s financial instability and sparking worries about future investment …
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AfricaAFRICA NEWSSpotlight
Ghana Faces Three-Week Power Outage as Gas Supply from Nigeria Reduces
by Editorby EditorGhana is bracing for a three-week power outage following a significant reduction in gas supply from Nigeria, exacerbating the country’s ongoing energy crisis. The Ghana Grid Company (GRIDCo) announced that …
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Lagos State has established itself as the leading economic hub in Nigeria, generating over 75% of its revenue internally. This impressive feat highlights the state’s strong economic foundation and effective …
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AfricaAFRICA NEWSSpotlight
Afreximbank disburses $40m to assist Fidelity Bank’s acquisition of Union Bank UK
by Editorby EditorThe African Export-Import Bank (Afreximbank) provided Fidelity Bank with a $40 million facility to enhance Nigeria’s banking sector by aiding its acquisition of Union Bank UK. This development was disclosed …
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AfricaAFRICA NEWSSpotlight
Suspension of $300 Helicopter Landing Levy Deemed Right Step
by Editorby EditorThe Nigerian government’s decision to suspend the $300 helicopter landing levy has been praised by industry stakeholders and business leaders. This move is anticipated to stimulate economic activities and alleviate …
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The business jet market is experiencing significant growth across Africa, as increasing demand for private air travel reflects the continent’s burgeoning economic potential and the rising number of high-net-worth individuals. …
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In a strategic move that could have significant implications for the global oil market, the Organization of the Petroleum Exporting Countries (OPEC) announced plans to gradually unwind its production cuts. …
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AfricaAFRICA NEWSSpotlight
Airlines Cancel, Delay Flights as Unions Shut Entrances Over Strike Action
by Editorby EditorLAGOS, Nigeria – Airlines have been forced to cancel and delay numerous flights as unions block entrances to airports nationwide amid ongoing strike action. The industrial action, which began early …
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AfricaAFRICA NEWSSpotlight
Shelve Your Strike, Return to Negotiation – Police Tell Labour Unions
by Editorby EditorABUJA, Nigeria – The Nigerian Police Force has urged labour unions to suspend their planned strike action and return to the negotiation table with the government. In a statement released …