Fuel Price Hike Hits African MSMEs: Rising Logistics Costs Force Changes in Business Strategies
Since May 2023, fuel prices in many African countries, especially Nigeria, have surged, posing significant challenges to small and medium-sized...
Flour Mills of Nigeria to Invest $1 Billion in Expansion, Targeting African Growth and AfCFTA Opportunities
Flour Mills of Nigeria Plc, the country's largest milling company, has announced plans to invest up to $1 billion over...
N10 Billion CALM Fund Launched to Boost Vehicle Conversion to CNG in Nigeria, Apply Here
In a significant move to address rising transportation costs following oil subsidy reforms, the Ministry of Finance Incorporated (MOFI), alongside...
Naira Ranks Among Worst-Performing Currencies in Sub-Saharan Africa
The Nigerian naira has been identified as one of the worst-performing currencies in Sub-Saharan Africa for 2024, according to the...
Nigeria Boosts Social Investment with Increased Revenue to Combat Poverty and Drive Economic Growth
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced that the government is strategically channeling increased...
Nigeria Unveils $2 Billion Plan to Expand Fibre Optic Network and Boost Digital Economy
The Federal Government of Nigeria has announced a significant investment of $2 billion to deploy a 90,000-kilometer fibre optic project...
MTN Nigeria and Multinational Firms Demand Fair Regulations to Boost Investments
During the 30th Nigerian Economic Summit in Abuja, MTN Nigeria and other multinational business leaders called on the Federal Government...
IHS Towers, ALTON, and NCC Forge Alliance to Safeguard Nigeria’s Telecommunications Infrastructure from Cyber Threats and Vandalism
In a concerted effort to bolster Nigeria's economic framework, IHS Towers, the Association of Licensed Telecom Operators of Nigeria (ALTON),...
CBN Refunds Over N7 Billion to Customers in First Year under Governor Cardoso
The Central Bank of Nigeria (CBN) has announced the refund of approximately N7.05 billion and $714,569.03 to customers following its...
World Bank Approves $500 Million Grant for Nigeria’s COVID-19 Recovery through NG-CARES
The World Bank has approved a $500 million grant to bolster Nigeria's recovery from the economic impacts of the COVID-19...
