Stock market loses N1.45 trillion in a week
The Nigerian stock market collapsed last week, with trading volume reaching N1.45 trillion. The All Share Index closed the week down 2.94 per cent to 102,353.68 points, while market value…
SEC to improve capital market operations with new registration portal
The Security and Exchange Commission, SEC, has unveiled a new electronic portal to improve capital market operations in the country, noting that the operators who fail to re-register by January…
Morocco, Germany to boost agricultural ties at Green Week Summit
Germany and Morocco are strengthening their agricultural ties at the 89th edition of Berlin's International Green Week (Grüne Woche).The event, which runs from January 17 to 26, 2025, in Berlin,…
Nigeria’s first AFCFTA shipment lands in Kenya
Nigeria's first shipment under the African Continental Free Trade Area (AFCFTA) has arrived at the Mombasa Port in Kenya. The Nigeria AFCFTA coordination office confirmed the arrival of the shipment…
Nigeria to boost agriculture with new digital farmers registry
The Nigerian government has unveiled a new farmers registry to boost agricultural production and ensure effective implementation of government policies. The farmer registry would link each farmer’s National Identity Number…
Population growth forces Africa to think about food issues
The African Union (AU) has adopted a 10-year agricultural development strategy that aims to increase domestic food production by 45% by 2035.The country’s population is expected to reach 2.5 billion…
Inflation, US interest rate cuts propel Bitcoin value to $100,000
Bitcoin has once again crossed the $100,000 mark, sparking renewed optimism among investors. This comes as the U.S. Consumer Price Index (CPI) report revealed a 0.4% rise in inflation for…
OPEC invests $30M in Africa’s largest onshore wind farm in Egypt
The OPEC Fund for International Development has committed $30 million to co-finance the construction of Africa’s largest onshore wind farm in Egypt's Gulf of Suez region. This project will feature…
Rwanda confirms first oil discovery in Lake Kivu
Rwanda has officially announced its first oil discovery in Lake Kivu, confirming the presence of 13 reservoirs within the lake, which borders the Democratic Republic of Congo (DRC). The discovery,…
Kenya opens talks with UAE to finance regional rail project
Kenyan President William Ruto said he had begun talks with the United Arab Emirates to secure financing for the completion of Kenya’s regional railway after China cut off infrastructure funding…
