Economy

By Emmanuel Nduka African Export and Import Bank (Afreximbank) says it has disbursed a $40 million intra-African investment facility to Fidelity Bank Nigeria Plc to support the commercial bank’s acquisition and recapitalization of Union Bank United...

By John Ikani Nigeria's currency in circulation surged to a record N3.97 trillion ($8.8 billion) at the end of May, reflecting a 1.07% increase from April. This upward trend has persisted for several months, with figures...

By John Ikani Nigeria's 36 state governors are calling for a major shakeup in the country's electricity sector. In a policy document submitted to the Federal Ministry of Power, they propose a two-pronged approach: phasing out...

By John Ikani Nigeria's earnings from crude oil exports jumped significantly in the first quarter of 2024, according to data from the National Bureau of Statistics (NBS). The value surged by 50.2% compared to the previous...

By Lucy Adautin  Newly released data from the Nigerian Bureau of Statistics (NBS) indicates a significant increase in the export of agricultural goods from Nigeria. Compared to the fourth quarter of 2023, exports surged by 123...

By John Ikani South Africa grapples with a significant challenge: some of the world's worst income inequality coupled with a staggering unemployment rate exceeding 30%. However, the government believes it may have an answer – a...