With no end in sight to the oil-price war between Saudi Arabia and Russia, their former OPEC+ partners are pleading for mercy as the economic damage worsens. Algeria and Iraq have urged the... Read more
The African Development Bank (AfDB) has floated an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods... Read more
The Central Bank of Nigeria (CBN) has granted a two-week market holiday to the Bureau De Change (BDC) operators. The President, Association of Bureau De Change Operators (ABCON), Aminu Gwada... Read more
Simon Manda, Phd The rise of China in Africa has triggered an ongoing debate about whether Chinese capital is a barrier that entraps African governments in practices that hinder po... Read more
Mr Aliko Dangote, President, Dangote Industries Ltd., and Mr Herbert Wigwe, Managing Director, Access Bank Group, are spearheading a coalition of private sector organisations to support gove... Read more
The African Export Import Bank (Afreximbank) is creating a $3 billion credit facility to help African countries overcome the effects of the coronavirus pandemic, Afreximbank announced in a s... Read more
Nigeria will probably need to weaken the naira further following its devaluation last week, even as the central bank bulked global trends by holding rates on Tuesday to avert further depreci... Read more
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it has arrested the suspended Chairman of the Special Presidential Investigation Panel for the Recovery o... Read more
The Central Bank of Nigeria now sells dollar at N380, which signifies about six per cent drop in the value of the Nigerian currency. The naira up until Friday sold at N360 to the dollar, but... Read more
Nigeria will soon be among the elite club of electric car manufacturers, thanks to Stallion Motors. The company which is a franchisee of nine global brands including Hyundai, is launching Ni... Read more
