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A strike in Kenya over rising fuel prices has concluded following a mass shutdown. Analysts suggest that escalating oil prices may lead to further protests across Africa.
A growing number of African countries now levy taxes on mobile money transactions. The IMF, the World Bank, and the read more Why taxing mobile money in Africa costs more than it yields
A medical source said casualties were taken to Ghubaysh hospital following the attack. The post Drone Attack On Sudan Market Kills 28 appeared first on Channels Television.
…opens market opportunities for Nigerian palm oil exporters Russia has expressed interest in expanding palm oil imports from Nigeria as read more Russia eyes Nigerian palm oil imports amid growing market demand
Nigeria’s economic reform programme appears to be gaining international validation as global ratings agency S&P Global Ratings upgraded the country’s read more CBN’s tough reforms begin paying off as S&P upgrades Nigeria
Nigeria's N40 trillion revenue target for 2026 is jeopardized by substantial tax leakages and poor compliance. The Nigeria Revenue Service (NRS) has raised concerns about these issues.
For three years, Nigeria’s reform programme has rested on a difficult political bargain: households absorb short-term pain today in exchange read more Can Nigeria’s reforms survive as prices rise again?
A fintech startup built to simplify global payments across continents has shut down operations after four years, exposing not only read more Built for global payments, forgotten by the market: Inside Chimoney’s collapse
Jetties and tank farm owners are opposing DAPPMAN's proposed lawsuit against Dangote, urging the government to halt fuel imports. They believe this will protect the national economy and promote industrial growth.
The Debt Management Office (DMO) successfully raised ₦614.5 billion through a bond auction aimed at financing budget deficits. This initiative supports the Federal Government's public spending obligations.
The Federal Government has approved the development of new deep seaports to enhance maritime trade and logistics in Nigeria. This initiative aims to strengthen the country's economic infrastructure and boost trade efficiency.
The South West Development Commission has obtained a provisional rail operating and track access licence from the Nigerian Railway Corporation. This milestone is expected to enhance regional economic transformation.
The UK unemployment rate has edged up to 5%, data shows. Explore the impact of the Middle East war and rising energy prices on Britain’s jobs market.
Dangote Refinery has reduced the price of jet fuel to ₦1,650 per litre. This decision is intended to alleviate cost pressures on airlines and maintain a steady fuel supply nationwide.
Market analysts attributed the latest fluctuation to sustained demand for foreign exchange from importers and manufacturers, despite ongoing interventions by monetary authorities aimed at stabilising the naira. The post Naira To Dollar Exchange Rate Today, May 19, 2026 appeared f...
Dr. Nnimmo Bassey argues that Nigeria could thrive without relying on crude oil, emphasizing economic and social benefits. His views highlight a shift towards sustainable practices in the country.
The war that the United States and Israel launched on February 28 has led to an effective blockade of the Strait of Hormuz, through which around 20 percent of global oil exports passed in peacetime. The post Markets Cautious, Oil Dips After Trump Holds Off On Iran Attack appeared...
The Federal Government is taking steps to enhance Nigeria's paper manufacturing industry, aiming for N250 billion in savings. This initiative seeks to create jobs and decrease reliance on imported educational materials.
The African Development Bank has launched a $200 million financing package to support Nigeria's industrial sector. This initiative aims to enhance industrial growth and improve private sector productivity.
The Nigerian naira has slightly depreciated against the US dollar on May 19, 2026, due to ongoing demand pressures in the foreign exchange market. This trend is observed in both the official and parallel markets.
African Marketplace (AMP), a pan-African trade and cultural platform founded by Ibukun Awosika, will return to Dubai in October 2026 read more Africa, Caribbean brands eye global expansion at Dubai Marketplace
The Federal Government has announced plans to revive Nigeria's textile sector, aiming to create 1.5 million jobs. This initiative comes in response to a drastic 95% decline in the country's cotton production.
Nigeria and several West and Central African countries have pledged over $27 billion for port infrastructure expansion. This initiative aims to enhance regional trade integration and boost economic growth in the sub-region.
The NSDC CEO, Kamar Bakrin, emphasized that enhancing Nigeria's sugar industry could tackle unemployment and insecurity. This development is expected to create numerous jobs and improve rural communities.
The NRS leadership has been commended for its effective compliance reforms and efforts to enhance sustainable revenue. This recognition highlights the importance of economic resilience in national development.
Nigeria's pension system is finally providing returns that match inflation for the first time in seven years. This development is a significant relief for contributors who have long awaited better returns on their investments.
The Africa Finance Corporation has committed $100 million to support technology fund managers focused on Africa. This investment aims to drive the continent's digital industrialization efforts.
Nigeria is enhancing its port capacity and enacting significant maritime reforms to boost regional trade. Minister Adegboyega Oyetola emphasized these efforts as vital for economic growth.
The Industrial Training Fund (ITF) is investing N3.6 billion in business incubation and training for artisans. This initiative includes launching a global certification program to enhance skills and opportunities for artisans.
Nigeria's ginger export has plummeted from N26 billion to zero over three years due to blight disease and rising costs. This decline represents a significant setback for the country's non-oil export ambitions.