Nigeria’s economic outlook for 2024 appears cautiously optimistic with projections indicating a potential decrease in the country’s inflation rate alongside moderate economic growth. The IMF’s revised...
South Africa’s inflation rate declined to a two-month low, according to data released by Statistics South Africa. Consumer prices rose by 5.3% year-on-year, down from 5.6%...
In Nigeria, discontent among electricity consumers is brewing as Band A prioritization by distribution companies (DisCos) exacerbates supply shortages for consumers in lower tariff bands. The...
China has kicked off the year with positive economic growth as its gross domestic product (GDP) expanded by 5.3% in the first quarter. However, beneath this...
Economic uncertainty in Africa’s largest economy, Nigeria, continued to push inflation higher in March despite efforts to ease rising consumer prices. The Consumer Price Index, which...
The Federal Government has made a direct appeal to the National Union of Electricity Employees (NUEE) amidst rising tensions over the recent hike in electricity tariffs....
Adebayo Adelabu has made a bold pledge to ramp up electricity generation to 6,000 megawatts (MW) within the next six months. This announcement comes amidst ongoing...
The World Bank’s latest report on the economic outlook for Western and Central Africa has highlighted Nigeria’s sluggish economic growth as a significant factor impeding the...
Fitch Ratings has downgraded China’s economic outlook to negative, citing concerns over the country’s mounting debt and the ongoing slump in its real estate sector. This...
The much-anticipated Siemens $2.3 billion power project in Nigeria has taken a significant step forward with the arrival of crucial infrastructure – transformers and substations. This...
