A new report from the Africa Finance Corporation (AFC) has revealed that off-grid and self-generated electricity in Lagos State has now surpassed the entire power output of Nigeria’s national grid. …
The National Bureau of Statistics (NBS) has announced a rise in Nigeria’s inflation rate to 24.23% for March 2025. This figure shows an increase from the 23.18% recorded in February …
Zimbabwean President Emmerson Mnangagwa has announced plans to suspend all tariffs on goods imported from the United States. The announcement comes shortly after former US President Donald Trump imposed 18 …
Wema Bank Nigeria has released its audited consolidated financial statements for the year ending December 31, 2024, to the Nigerian Exchange Group (NGX), proposing a final dividend of N1 per …
The sixth annual Venture Capital Activity in Africa report has revealed that Africa’s venture ecosystem experienced a 22% decline in deal volume and a 28% drop in deal value in …
The Raw Materials Research and Development Council (RMRDC) is calling on the rubber industry to support efforts to amend its founding Act to prevent the export of raw materials from …
The Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr. Chinyere Almona, has called for transparency and efficiency in the disbursement of the World Bank’s newly approved $500 …
Nigeria’s net foreign exchange reserves (NFER) have risen to $23.11 billion at the end of 2024, according to the Central Bank of Nigeria (CBN). This figure is $15.6 billion lower …
A fire outbreak has ravaged parts of the Onitsha Main Market in Anambra State. The inferno reportedly broke out in one of the market buildings around 6:20 am on Friday, …
A member of the Central Bank of Nigeria’s Monetary Policy Committee (MPC), Mustapha Akinkunmi, has revealed that Nigeria’s interest rate ranks as the fifth highest in the world. This disclosure …