The Central African Republic (CAR) has announced that it has successfully lobbied to lift a decade-long export embargo on its diamonds. The Kimberley Process (KP), the…
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BUA Industries Limited has announced that it obtained a $200 million corporate finance facility from the African Export-Import Bank (Afreximbank) to aid in its growth initiatives.…
Nigeria saw a significant drop in oil imports in Q2 2024, with figures falling by 35% to $2.79 billion, down from $4.31 billion in Q1, according…
Eight members of the OPEC+ coalition announced on Sunday that they will extend their oil supply cuts until the end of December. This decision is part…
The Dangote Refinery has stated that Nigeria’s regulatory body, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), lacks the necessary laboratory facilities to detect substandard…
The Oyo State Government has announced its intention to create a major business district in Ibadan, designed to foster economic growth and establish a vibrant commercial…
President Bola Ahmed Tinubu hosted a meeting with the committee on implementing crude oil and refined products sales in naira at Aso Rock. The session included…
Nigeria is considering issuing a diaspora bond in the United States to strengthen its ties with Nigerian expatriates and increase remittance inflows to $1 billion per…
For Africa, the real Gross Domestic Product(GDP) growth means better living conditions and developmental advancement. As indicated by the World Bank in its 2024 Africa Pulse…
According to Tajudeen Ibrahim, director of research at Chapel Hill Denham Securities, the proposed five per cent tax on the telecommunications sector as the Nigerian government…