AS Zambia approaches its 60th anniversary of independence, the United States has signed a landmark $491 million deal with the […]
Category: Economy
NCS generates N4.2tn revenue in 9 months
The Nigerian Customs Service said it has generated N4.2 billion as revenue in the first nine months of 2024. The […]
Tanzania rises to 4th in Africa trade rankings as Ghana slips
Tanzania has made significant progress in its trade competitiveness, now ranking as the fourth most attractive country for trade in […]
AfDB to establish $100m Investment Bank for Nigerian youths
The African Development Bank (AfDB) will establish a Youth Entrepreneurship Investment Bank for Nigeria, which is part of its support […]
Again, Naira falls at parallel market
The Naira on Friday depreciated to N1,725 per dollar in the parallel market from N1,710 per dollar on Thursday. […]
Japan boosts African Development Fund with $421m loan
The African Development Bank Group and the Japan International Cooperation Agency (JICA) have formalised a pivotal agreement, with Japan committing […]
Nigeria’s high interest rates are here to stay, says World Bank
The World Bank has said that Nigeria, Angola and Sierra Leone, with double-digit inflation and weakened domestic currencies, will maintain […]
Shell to remain in Nigeria despite divestments
Shell Petroleum Development Company (SPDC) has confirmed its continued presence in Nigeria, despite the planned divestment of its onshore […]
AfDB and AFD partner to boost youth entrepreneurship in Africa
THE African Development Bank (AfDB) and the official French development agency, Agence Française de Développement (AFD), have renewed their partnership to boost […]
Yuan appreciates by 7. 0723 against dollar
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 8 pips to 7.0723 against the dollar […]