Namibia lowers key interest rate for fourth consecutive time
The central bank of Namibia has cut its key interest rate for the fourth consecutive month, saying inflation remains subdued and there is room to support the economy.The Bank of…
Brazil’s Petrobas seeks African oil assets to boost its reserves
Brazil's Petrobras is seeking to acquire stakes in oil assets across Africa, particularly in Angola, Namibia, and South Africa, in an effort to enhance its reserves in anticipation of a…
Lagos Court orders KeyStone bank to forfeit its shares
The Lagos State Special Offences Court, Ikeja, has ordered the forfeiture of 6.3 billion shares in Keystone Bank Limited to the Federal Government of Nigeria. The ruling, delivered by Justice…
Raenest raises $11M in Series A funding
Raenest, a Nigerian fintech company with offices in Kenya, has raised $11 million in a Series A funding round to invest in market expansion and product refinement.The round was led…
Spanish firm eyes investment in Egypt’s Energy Sector
Egypt's Minister of Investment and Foreign Trade, Hassan El-Khatib, met with a delegation from Tecnicas Reunidas, a Spanish engineering and infrastructure construction company specializing in the oil, gas, and petrochemical…
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…
