Trade between African and GCC countries stands at $ 121 billion in 2023, double of what it was in 2016. This growth is witnessed due to the efforts of Gulf countries to shift their economies…
Nigerian Presidency Believes ‘Fuel Subsidy Removal’ Led People…
The Nigerian Presidency has expressed concern over the removal of fuel subsidy, stating that it has led to increased poverty among Nigerians and a loss of support for the government. President Bola Tinubu announced the…
Nigeria’s NNPC secures $3 billion loan to stabilize…
Nigeria's state-oil firm NNPC said on Wednesday it has secured a $3 billion crude oil repayment loan from Cairo-based Afrexim Bank that will support the government's reforms to stabilize the exchange rate market. Nigeria, Africa's…
Telecoms/Togo: 56% of consumers dissatisfied, 42% of ISP…
Arcep is calling on mobile operators and Internet service providers to invest more in improving the quality of their services and lowering their charges. And rightly so, since mobile phone consumers seem to be increasingly…
Burkina kicks Meridiam (and France) out of its…
On Wednesday, the transitional government terminated an agreement signed in October 2021 with the French group Meridiam/Marseille for the operation of Donsin airport for a period of thirty (30) years. For the Ministry of Transport,…
Putin exerts influence in North Africa with a…
Russian President Vladimir Putin has announced his intention to establish a free trade area with four North African countries - Egypt, Morocco, Tunisia and Algeria - in order to increase Moscow's diplomatic influence and economic…
Moroccan fruit and berry exports to reach US$7.1…
Spain is the biggest importer. It accounts for about 27% of Morocco’s total exports in the past five years. However, in 2022, the kingdom was the fourth largest supplier of fruits and berries to Spain with the share of…
World Bank Partners with Nigeria to Fund 1,000…
The World Bank, in collaboration with the Nigerian government and private sector, is set to embark on a significant project to construct 1,000 mini solar power grids in Africa's largest economy, Nigeria. The project attempts…
Russia-Africa summit boosts economic promises amid geopolitical tensions
The Russia-Africa summit, held amid the ongoing geopolitical crisis between Russia and Ukraine, ended last week with promises of debt relief and food supplies to strengthen economic ties between Moscow and the African nation. As…
$4.6 billion facility in South Africa to produce…
Ammonia, which is made up of nitrogen and hydrogen, is commonly used as a fertilizer. Production of ammonia at an industrial scale allowed agriculture to boom, and according to a study from the University of Manitoba, without it, we wouldn’t be…
Singapore strengthens economic ties with Africa, aims to…
The number of Singaporean companies doing business in Africa has soared from only 60 in 2018 to more than 155 companies today, which demonstrates that the wealthy city-state increasingly views Africa as a very important market…
Vladimir Putin commits to free grain supply to…
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…
BRICS nations forge strong security ties at the…
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…
Nigerian Govt Earns N80.86 Billion From Electronic Transfer…
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…
Petrol Reaches N617 Per Liter As NNPC Increases…
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…
Why Did CBN Threaten To Close Several Accounts?…
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…
Funke Akindele Gets Criticism On Threads, For Her…
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…
Zenith Bank Raises Withdrawal Limit To N200,000 Per…
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…
Vehicle Owners Have To Pay N1,000 Every Year…
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…
