Nigeria State Revenue Doubles in 2024 Fiscal Year
Nigeria’s state revenues have seen a significant surge, with total revenue almost doubling compared to the 2023 fiscal year. This […]
African Business News
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China dominates rare earth supply chain
China’s dominance in the global supply of rare earth minerals, crucial for modern technology, may take the West up to
Nigeria Approves $2.347bn Loan Request
The Nigerian National Assembly has given its approval for President Bola Tinubu’s request to secure $2.347 billion from the international
African Business News
Nvidia reaches $5 trillion market value
Nvidia, a leading manufacturer of artificial intelligence (AI) chips, has reached a market capitalization of $5 trillion, a milestone never
African Business News
KEDCO Mass Meter Installation Begins Under World Bank Scheme
The Kano Electricity Distribution Company (KEDCO) has unveiled plans to launch a large-scale prepaid meter installation program across its service
African Business News
Canada cuts key lending rate to 2.25 percent amidst trade war
The Bank of Canada has reduced its key lending rate to 2.25 percent, citing the escalating impact of the global
African Business News
Germany Raises Minimum Wage To 14.60 Euros Per Hour
The German government has approved a significant increase in the country’s minimum wage, raising it to 14.60 euros per hour
African Business News
Adidas forecasts Trump tariffs to cost 120m euros
Adidas Expects $140 Million Hit from Trump Tariffs German sportswear giant Adidas forecasts that US President Donald Trump’s tariff measures
African Business News
Adidas expects 120m euro Trump tariff impact
Adidas Expects $140 Million Hit from Trump Tariffs German sportswear giant Adidas has announced that it anticipates a significant financial
African Business News
Copper price reaches record high on trade war hopes
Copper prices have reached a record high, driven by hopes of a truce in the US-China trade war and concerns
Nigeria Removal From FATF Gray List Boosts Economy
The Nigerian government has outlined several benefits the country is expected to derive from its recent removal from the Financial
African Business News
CBN refutes oil sector forex allocation reports
The Central Bank of Nigeria (CBN) has denied reports that it allocated $1.259 billion to major oil sector operators for