Economy

By John Ikani The Nigerian National Petroleum Company Limited (NNPCL) has adopted a new approach for purchasing petrol by cash tenders instead of oil swaps, marking a significant shift after nearly a decade, as per insider...

By Enyichukwu Enemanna Corruption is not an African issue, African Development Bank (AfDB) President, Dr Akinwuni Adesina had stated, noting that what is important is to continue to improve transparency, accountability and the use of public...

By John Ikani Starting from November 1, 2023, Ghanaian and South African citizens will experience a significant change in their travel procedures. They will no longer be required to obtain visas for visits lasting up to...

By Enyichukwu Enemanna Nigeria's President, Bola Tinubu has delisted the Federal Capital Territory (FCT) Administration from the Treasury Single Account (TSA), giving the territory more control over its finances. TSA refers to a public accounting system...

By Emmanuel Nduka World Bank President, Ajay Banga, has stated that Africa's debt servicing is consuming 7.6 percent of its gross domestic product (GDP). Banga who stated this on Thursday, at a joint International Monetary Fund...

By John Ikani Nigeria's central bank on Thursday, announced its intention to occasionally intervene in the foreign exchange market with a view to enhancing liquidity. The apex bank has also announced an end to an eight-year...