Nigerian Breweries, a leading beer manufacturer, announced its decision to close two out of its nine manufacturing plants in Nigeria due to the challenging economic conditions…
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Nigeria has finalised an agreement with Shell to provide gas supply for its proposed $3.8 billion Brass methanol facility, addressing a significant hurdle in reaching a…
Nigeria-based power giant, Geregu Power Plc has recorded N14.46 billion (about 307.5 per cent profit growth) in the first quarter (Q1) of 2024. The company’s financial…
The South African Revenue Service (SARS) Commissioner Edward Kieswetter announced on Tuesday that the tax agency has collected a record gross amount of R2.155 trillion as…
Sam Bankman-Fried, the once-celebrated cryptocurrency prodigy, has been sentenced to 25 years in prison following his conviction in one of the largest financial fraud cases in…
The Central Bank of Nigeria (CBN) increased the capital basis of commercial banks with international permission to N500 billion and national banks to N200 billion. This…
Russian oil companies are facing delays in receiving payments for crude oil and fuel, with banks in China, Turkey, and the United Arab Emirates (UAE) exercising…
Between March 16th and 22nd, 2024, the Nigerian National Petroleum Company Ltd. (NNPCL) recorded approximately 136 occurrences of crude oil theft. This was said during the…
Mr. Benjamin Okezie Kalu, the Deputy Speaker of Nigeria’s House of Representatives, has called for collaborative efforts with the World Trade Organisation (WTO) to bolster exports…
Kenya Airways, one of Africa’s prominent airlines, has reported an operating profit in 2023, marking the first such occurrence since 2017. Chairman Michael Joseph hailed the…