Business

Nigeria's deposit money banks have increased the daily ATM withdrawal limit to N200,000 per day. Zenith Bank, one of the top banks in the country, announced the revised transaction limits, allowing customers to withdraw up…

The Federal Government of Nigeria has introduced a new policy that requires vehicle owners to pay an annual fee of N1,000 for a Proof of Ownership Certificate.  This means that vehicle owners now have an…

The third China-Africa economic and trade exhibition, which took place in the city of Changsha on Sunday and had the subject of "common development for a shared future," came to a close with the signing…

Botswana, a landlocked country in Southern Africa, and De Beers, the world's leading diamond company, have signed a new diamond sales deal.  The government of Botswana and the diamond mining company De Beers Diamond Consortium…

Trade between China and Africa has shown a rapid and positive development trend, reaching new heights growing to $260 Billion in 2022 from less than $13 Million in 2000. China’s total import and export volume…

The Central Bank of Nigeria (CBN) has introduced new guidelines and restrictions on contactless payments in the country.  In two circulars issued by the CBN's Director of Payments System Management Department, the bank outlined measures…

The National Bureau of Statistics (NBS) has reported a drop in the prices of refilling 5 kg and 12 kg cylinders of Liquefied Petroleum Gas (Cooking Gas) in May 2023. The average retail price for…

According to community leaders and local authorities, at least 13 people have been killed in new skirmishes between farming and herding groups in central Nigeria since Friday. Herder and farmer groups in the central state…

Airtel Nigeria has officially launched its 5G network, becoming the second provider to offer 5G services in the country. The launch comes six months after Airtel won the auction for the 3.5GHz spectrum license conducted…

Omnia Holdings, a South African-based fertilizer manufacturer, has reported a significant achievement in its annual profit for this year. The company experienced a remarkable 10% increase in its annual profit, showcasing its strong financial performance.…

Since it gained its independence, Ghana has requested assistance from the International Monetary Fund a total of seventeen times, which works out to an average of once every four years. However, obtaining a rescue package…

The Social Relief of Distress (SRD) grant is overseen by the South African Social Security Agency (SASSA), a government agency of South Africa that administers the country’s social security system. The SRD grant provides temporary…

Premier Group, a South African food producer, has announced a significant increase in annual profit, with a near 40% jump despite challenges such as rising commodity prices and inflation.  The company reported a headline earnings…

The attack, involving heavy artillery fire, resulted in the tragic loss of at least 17 lives and left 106 people wounded.  The incident occurred despite a previously signed ceasefire between the Sudanese government forces and…

Nigeria is currently experiencing fuel shortages and long queues at filling stations in major cities after President Bola Tinubu announced the removal of fuel subsidies in his inaugural speech.  Many filling stations have either closed…

Twitter, an American social media company based in San Francisco, is in the limelight due to a lawsuit. Twitter’s former PR (public relations) firm has sued the social media company over unpaid bills. As per…

Elon Musk has named Linda Yaccarino, an American media executive, as the new CEO (Chief Executive Officer) of the micro-blogging social networking site Twitter.  She is set to take over from billionaire Elon Musk as…

Nigeria, an African country in the Gulf of Guinea, is famous for its natural landmarks and wildlife reserves. Cross River National Park and Yankari National Park are famous places in Nigeria. Do you want to…