African financial markets are currently facing a challenging situation, influenced by both global and local factors. There is growing uncertainty in the global economy, as well as domestic political tensions …
Nigeria
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DevelopmentEconomyFinance & ServicesInternational RelationsMarketsNAMIBIANigeriaPoliciesPoliticsSenegalSouth AfricaTrade and Commerce
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BusinessEconomyFinance & ServicesNigeriaWestern Africa
Inflation Hits 24.23% in March, Says National Bureau of Statistics
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 …
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AfricaBusinessBusiness and EconomyCrimeCryptocurrencyCyber securityNigeriaTechnologyWestern Africa
SEC Warns Celebrities, Influencers Over Promotion of Meme Coins, Illegal Crypto Platforms
ABUJA — The Securities and Exchange Commission (SEC) has cautioned Nigerian celebrities and social media influencers against promoting digital asset platforms and meme coins that are not registered or licensed. …
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BusinessCrimeCyber securityFinance & ServicesKenyaNigeriaTechnologyWestern Africa
CBEX Crash: $800 Million Crypto Scam Rocks Nigeria and Kenya
A digital asset platform called CBEX has collapsed, leaving thousands of Nigerians and Kenyans in shock after losing over $800 million in what investigators describe as a well-planned Ponzi scheme. …
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Digital EconomyEconomyGOVERNMENTNigeriaOil & Gas
Agbakoba: Over-Concentration of Power is Nigeria’s Biggest Challenge to Economic Growth
Dr. Olisa Agbakoba, a respected lawyer and former president of the Nigeria Bar Association (NBA), has warned that Nigeria’s over-centralised governance structure is preventing the country from reaching its full …
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AviationBusinessEconomyInternational RelationsTransportation & Logisitics
Keyamo announces Nigeria-Tanzania direct flight
Nigeria and Tanzania are set to improve their relationship as both countries begin moves to launch direct flights that will link the two nations by air. This was made known …
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Arts & CultureNigeriaWestern Africa
Nigerian Traditional and Religious Leaders Join Forces with Ford Foundation to Tackle Gender-Based Violence
Nigerian traditional, religious, and community leaders are partnering with the Ford Foundation to address gender-based violence (GBV) in West Africa by transforming harmful cultural and religious practices that reinforce inequality. …
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AfricaBusiness and EconomyInternational RelationsPoliticsTrade and Commerce
Trump Pauses Tariff Hikes for 90 Days—China Excluded
United States President Donald Trump has announced a temporary suspension of increased trade tariffs for all countries except China. The pause, which will last for 90 days, was made public …
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DevelopmentEconomyEducationFinance & ServicesInsurance
FRC, NADP lament dearth of actuarial professionals
The Financial Reporting Council of Nigeria (FRC) and the Nigerian Actuarial Development Programme (NADP) have raised alarm over the shortage of actuarial professionals in the country. This was discussed during …
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DevelopmentEconomyEducationGOVERNMENT
W’Bank lends Nigeria $1.08bn for education, nutrition, economic boost
The World Bank has announced the approval of three major financing operations worth a total of $1.08 billion to support key sectors in Nigeria, including education, nutrition, and economic resilience. …