Customs service suspends implementation of 4% FOB Charge in Nigeria
The Nigeria Customs Service (NCS) has suspended the implementation of the 4% Free-on-Board (FOB) value charge on imports, following strong opposition from stakeholders. This decision comes after extensive consultations with…
Dangote launches new peugeot, boosting Nigerian auto industry
Dangote Industries has strengthened its position in Nigeria’s automotive sector by launching its latest Peugeot car models.Dangote Peugeot Automobiles Nigeria Limited (DPAN), the official manufacturer and distributor of Peugeot vehicles…
Naira nears $1,500 in black market, highest level in 2025
The Nigerian naira has reached its highest value in the unofficial market this year, driven by improved market conditions and ongoing reforms implemented by the Central Bank of Nigeria. On…
SmartAfrica launches AI Council to boost economic growth and innovation
Smart Africa, an alliance of 40 African countries, has launched the Africa AI Council to position the continent as a major player in the global artificial intelligence (AI) economy. The…
Shettima creates new committee to Drive Nigeria’s $1 Trillion Vision
Vice President Kashim Shettima has reaffirmed President Bola Tinubu’s commitment to economic reforms aimed at achieving a trillion-dollar economy by 2030. On Monday, Shettima inaugurated a Presidential Committee on Economic…
IMF advocates new inflation framework and bigger tax base in Morocco
The International Monetary Fund has called on Morocco's central bank to adopt an inflation framework, expand the tax base further, continue financial reforms and reduce the country's debt.Inflation slowed to…
AfDB to revolutionise agriculture with new $3 billion investment
The African Development Bank (AfDB) has reaffirmed its commitment to revolutionizing Africa's agricultural sector with a substantial investment of $3 billion in Special Agro-Industrial Processing Zones (SAPZs) across more than…
Dangote Refinery to operate at full capacity in 30 days
Nigeria's Dangote Oil Refinery, the largest in Africa, is projected to commence operations at full capacity within 30 days, as stated by the refinery's director on Monday.Constructed by Nigerian billionaire…
Tanzania cracks down on domestic use of Foreign Currency
The Bank of Tanzania (BOT) is collaborating with the Ministry of Finance to implement new regulations banning the use of foreign currencies for domestic transactions. This move follows amendments to…
CBN postpones first MPC meeting of the year
The Central Bank of Nigeria has postponed the first meeting of the Monetary Policy Committee (MPC) in 2025 to March after delays in the release of the National Bureau of…
