The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of June 12th, 2024 stood at...
Nigeria is on the brink of losing a $27.29 billion investment earmarked for the development of the Escravos Seaport Industrial Complex (ESIC) in Delta State. The...
Nigeria’s food import bill has surged to a five-year high in the first quarter of 2024, despite the federal government declaring a state of emergency on...
The Nigerian equity market experienced a significant downturn on Tuesday, losing N92.32 billion in market value. This decline was largely driven by drops in the share...
Ethiopia has announced a 21% increase in its 2025 budget, marking the first budget since defaulting on a Eurobond payment and committing to economic reform discussions...
Shares of African e-commerce giant Jumia (JMIA) surged to $8.67 on Monday, a significant milestone in the company’s remarkable recovery this year. This price represents the...
Tolaram Group has acquired a 58.02% stake in Guinness Nigeria from Diageo Plc. for ₦81.60 per share, representing approximately a 60% premium over Guinness Nigeria’s closing...
Spotify Technology SA is set to introduce a new, higher-priced premium plan later this year for its most dedicated users. Dubbed the Premium Plus Plan, this...
In a landmark announcement at the Worldwide Developers Conference (WWDC) 2024, Apple unveiled a suite of innovative features, headlined by the integration of OpenAI’s ChatGPT into...
The Federal Government has declared Wednesday, June 12, a public holiday in commemoration of this year’s Democracy Day celebration. The announcement was made in a statement...
