Egypt and the International Monetary Fund (IMF) have finalized a landmark agreement totaling $8 billion. The deal marks a critical juncture for Egypt’s economic stability amidst...
Renowned Nigerian business magnate Tony Elumelu has called for urgent government intervention to revitalize Nigeria’s struggling power sector. Elumelu, whose conglomerate controls a significant portion of...
The International Monetary Fund (IMF) has cautioned that Nigeria could incur expenditures totaling around N7 trillion if the country maintains its current policies of subsidizing fuel...
South Africa’s economy narrowly avoided slipping into a technical recession in the fourth quarter of 2023, primarily bolstered by the resurgence in the mining sector. According...
A recent report by the Economic Commission for Africa (ECA) has estimated Africa’s infrastructure shortfall to be between $130 billion and $170 billion annually. Despite strides...
Nigeria Liquefied Natural Gas Limited (NLNG) has announced a significant milestone in its operations, boosting its annual production of liquefied petroleum gas (LPG), commonly known as...
The Central Bank of Nigeria (CBN) has raised the benchmark interest rate by 400 basis points to a record 22.75%. The decision made by the Monetary...
After two decades of anticipation, President Bola Tinubu, through his representative Vice President Kashim Shettima, inaugurated the long-awaited Geometric Power Plant in Aba, a significant milestone...
The Nigerian Monetary Policy Committee (MPC) is gearing up for a crucial meeting to discuss potential measures to address the country’s economic challenges, including rising inflation...
In a bid to address Nigeria’s economic challenges amidst soaring inflation and currency depreciation, President Bola Tinubu has announced the formation of an Economic Advisory Committee...
