Economy

By John Ikani In a nationwide effort to reduce transportation costs, the Federal Government has begun converting petrol and diesel-powered commercial vehicles to compressed natural gas (CNG) free of charge. The initiative kicked off in Abuja...

By Enyichukwu Enemanna The International Monetary Fund (IMF) has slashed Botswana’s 2024 growth forecast to 1%, arising from low production of diamond, the country's main economic hub, the international lender said in a statement. IMF had...

By John Ikani A new report reveals Nigeria's struggle with affordability, ranking it the fifth most impacted African nation by the global cost-of-living crisis. Numbeo, a data analysis platform, released its mid-2024 cost-of-living index, placing Nigeria...

By John Ikani The African Petroleum Producers' Organisation (APPO) is calling on its member countries to step up and fulfill their financial obligations to establish the Africa Energy Bank (AEB). Last week, Nigeria secured the hosting...

By John Ikani Nigeria has claimed the top spot for private equity deals in Africa during the first quarter of 2024, surpassing countries that previously held this position, according to a new report by DealMakers Africa....

By Enyichukwu Enemanna Mali has stopped dispensing aviation fuel to commercial airlines in the capital Bamako, as the nation experiences shortage. Malian authorities are now directing them to source from neighbouring countries. This, according to the...