Business

Vladimir Putin, the current president of Russia, has promised free grain supplies to six African nations after the collapse of the Black Sea grain deal. Despite Western sanctions limiting Russian exports, the Russian president pledged…

According to the Minister in the Presidency responsible for the State Security Agency, Khumbudzo Ntshavheni, senior national security officials from South Africa, China, Russia, India, and Brazil were scheduled to advance, among other things, their…

The Nigerian government earned N80.86 billion. In the first six months of 2023 from the Electronic Transfer Levy (EMT).  The EMT was introduced as a replacement for Stamp Duty and charges a single fee of…

The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of petrol, from N537 to N617 per liter. The pump price of petrol is also known as Premium Motor Spirit (PMS). This adjustment…

The Central Bank of Nigeria (CBN) has threatened to close several accounts in order to protect customers' bank accounts and enhance security in the banking system.  The move comes as the CBN aims to ensure…

Nollywood actress Funke Akindele recently found herself in the midst of online controversy, this time on Mark Zuckerberg's newly launched social app, Threads.  The talented film star posted about her love for fashion, specifically showcasing…

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…