Naira Depreciates by Over 40% in Early 2024 Amid Currency Market Volatility
ABUJA, NIGERIA (Media Talk Africa) — The Nigerian Naira experienced a significant depreciation of over 40% in the first half […]
African Business News
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President Tinubu Takes Action to Lower Drug Prices with New Executive Order
ABUJA, NIGERIA (Media Talk Africa) — President Bola Ahmed Tinubu has taken a significant step to reduce the cost of
IMF Praises Zimbabwe’s New Currency for Stabilization Efforts but Urges Action on Corruption
HARARE, ZIMBABWE — The International Monetary Fund (IMF) praised Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), for stabilizing the country’s
Nigeria’s Public Debt Rises to N121.67 Trillion in Q1 2024 Amid Fresh Borrowing and Naira Devaluation
The Debt Management Office (DMO) has clarified that Nigeria’s fresh borrowing amounted to N7.71 trillion in the first quarter of
Nigerian House of Representatives Moves to Enforce Corporate Social Responsibility Compliance
The Nigerian House of Representatives is taking steps to enforce compliance with Corporate Social Responsibility (CSR) practices by enacting a
Nigeria’s Inflation Expected to Ease as Reforms Attract $24 Billion Inflow, Says CBN Governor
The Central Bank of Nigeria (CBN) has projected a moderation in the country’s inflation in the coming months, driven by
Shoprite to Close Abuja Branch Amid Economic Challenges, Joining Multinational Exodus from Nigeria
Shoprite Mall has announced it will cease operations in one of its Abuja branches, located at Novare Central Mall in
SEC Nigeria Issues Framework for Banking Sector Capitalisation Programme 2024
The Securities and Exchange Commission has issued its Framework on Banking Sector Capitalisation Programme, 2024. The framework, released on the
Niger Revokes Orano’s Uranium Mine Licence Amidst Junta-France Tensions
Niger’s military government has revoked the operating licence of French nuclear fuel producer Orano at the Imouraren uranium mine, one
Bilateral trade between Philippines, Nigeria surpasses $100m – Ambassador Mellejor
The Philippine ambassador to Nigeria, Meresole Mellejor, said bilateral trade between Nigeria and his country has surpassed more than a
Nigeria Announces 17 Additional Deep Offshore Oil Blocks for 2024 Licensing Round
The Nigerian Federal Government has unveiled 17 additional deep offshore oil blocks for the 2024 Licensing Round, expanding opportunities for
African Business News
MultiChoice Faces Tribunal Order, Reports Subscriber Losses in Nigeria Amid Price Rollbacks
MultiChoice, the parent company of GOtv, is grappling with significant challenges in Nigeria, including a sharp decline in its subscriber