Access Bank Plc has taken a significant stride in expanding its presence in East Africa through the acquisition of a majority equity stake in African Banking...
The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of June 13th, 2024 stood at...
Oil prices faced a setback on Thursday as the U.S. Federal Reserve’s decision to maintain interest rates dampened investor sentiment. The Federal Reserve’s announcement on Wednesday...
Experts are forecasting a robust growth trajectory of 4% for the continent in 2025. This optimistic projection was highlighted during the ongoing Afreximbank annual meetings, incorporating...
In a striking indication of the challenges facing Nigeria’s manufacturing sector, tax payments from manufacturers have plummeted to their lowest level in three years. According to...
Nigeria’s once-thriving oil industry is facing a significant challenge as traditional buyers increasingly turn to more affordable alternatives from the United States and Russia. This shift...
President Bola Tinubu declared that Nigeria’s minimum wage will be determined by what the nation can afford. Speaking at a dinner celebrating Nigeria’s 25 years of...
Aliko Dangote, Africa’s richest person and founder of the Dangote Group, announced that he has repaid $2.4 billion of the $5.5 billion borrowed to construct his...
Meta Platforms Inc., the parent company of Facebook and Instagram, is facing a new legal challenge in Norway over its plans to utilize user images and...
Ethiopia has decided to halt the sale of its state-owned telecommunications operator, Ethio Telecom, to foreign investors. Instead, the government will prioritize domestic retail investors before...
