Economy

Authorities in Zambia have asked the International Monetary Fund (IMF) to increase its $1.3 billion loan programme to $1.7 billion to enhance its response to a severe drought affecting the country, the global lender says. IMF...

By John Ikani The Nigerian Content Development and Monitoring Board (NCDMB) plans to introduce some changes that will enhance the Nigerian Content Intervention (NCI) Fund and increase the fund's impact and efficiency. The Executive Secretary of the...

By John Ikani Oil prices plunged more than $1 on Tuesday as concerns mounted regarding a decision by OPEC+ to increase production later this year. The move comes amidst weakening global demand for oil. Brent crude...

By Emmanuel Nduka The Nigerian Government has announced that efforts are in the pipeline for possible collaboration with the Indonesia Government in exploring export-driven strategies to enhance economic growth and development in palm oil. Nigeria's Minister...

By Lucy Adautin  The African Petroleum Producers Organization (APPO) and the African Export-Import Bank (Afreximbank) have finalized documents to create a $5 billion Africa Energy Bank (AEB). This institution aims to support the development of Africa's...

By John Ikani In a move seen as challenging Western influence in Africa, Russia is reportedly seeking control of uranium assets currently held by a French state-owned company in Niger. Sources familiar with the situation, speaking...