Business

NPA Consolidates Automation Drive, Deploys Electronic Barrier System Across Terminals in Lagos Port Complex

Kingsley Chukwuka September 11, 2025

Nigeria NPA Consolidates Automation Drive, Deploys Electronic Barrier System Across Terminals in Lagos Port Complex.As part of ongoing efforts to enhance operational efficiency and improve traffic management within the Lagos Port Complex (LPC), the Nigerian Ports Authority (NPA), under the

Business

Africa aims to lead in green investments

Andrew Mbeki September 8, 2025

Ethiopia African leaders are aiming to offer a global model for tackling the climate crisis through green investments, they said on Monday, after the United States’ withdrawal from the Paris climate agreement deflated the fight against climate change. The continent, which has been buffeted by landslides, floods and droughts this year, is holding its second […]

Business

United Nigeria Airlines Strengthens Fleet with Acquisition of Six Boeing 737-800s from Southwest Airline

Dooyum Naadzenga September 8, 2025

Nigeria United Nigeria Airlines, one of Africa’s rapidly ascending carriers, has formalized a significant milestone by signing an aircraft sale and purchase agreement with Southwest Airlines for the delivery of six Boeing 737-800 airplanes.  This acquisition represents a key component of United Nigeria Airlines’ ongoing strategic expansion and fleet modernization

Business

UN slams Google $3.5 billion fine for unfair advertising practices

Harrison Mason September 6, 2025

United Nations European Union regulators on Friday hit Google with a 2.95 billion euro ($3.5 billion) fine for breaching the bloc’s competition rules by favoring its own digital advertising services, but the bloc’s latest move to crack down on Big Tech companies drew outrage from President Donald Trump. The European Commission, the 27-nation bloc’s executive […]

Business

Nigerian miners frowned at Taraba State Gov interference, urge FG to take action

Kingsley Chukwuka September 4, 2025

Nigeria Stakeholders in the Nigerian Mining sector, have urged the federal government to halt the north-eastern Taraba State Government’s interference in the mining operations in the State, citing constitutional violations. The stakeholders were compelled to voice out after a series of infringement on the licenses of one of its members, Elipse Industries, who has

Business

Ghana inflation slows for lowest level

Andrew Mbeki September 3, 2025

Ghana Ghana’s annual inflation rate slowed for the eighth month in a row in August, reaching its lowest level since October 2021, the government statistics service said on Wednesday. Good news for Ghana, where inflation continued to decline in August for the eighth consecutive month. It now stands at 11.5 percent year-on-year, down from 12.1 […]

Business

South African rand declines as dollar inches up

Andrew Mbeki September 2, 2025

South Africa The South African rand softened in early trade on Tuesday ahead of the return of U.S. traders from the Labor Day holiday. At 0611 GMT, the rand traded at 17.6450 against the dollar , about 1% weaker than Monday’s close. Global traders were still assessing Friday’s U.S. inflation figures and a court ruling […]

Business

EU scraps tariffs on US goods to rescue the world

Harrison Mason August 29, 2025

European Union The European Commission proposed on Thursday removing duties on imported U.S. industrial goods in return for reduced U.S. tariffs on European cars, a key part of the trade agreement the EU and the United States struck last month. The proposals mark the EU’s first step in enacting the framework agreement between U.S. President Donald […]

Business

Debt Misreporting: Senegal awaits IMF resolution

Aaliyah Aamir August 28, 2025

Senegal Senegal remains in financial limbo as the International Monetary Fund (IMF) says it will take several more weeks before it can present the country’s debt misreporting case to its Executive Board. The delay follows intensive discussions between IMF teams and Senegalese officials over corrective measures to address the discrepancy. The case stems from a dramatic […]

Business

Russia: Gasoline export ban extended

Howard Mildilton August 28, 2025

Russia Russia has extended its gasoline export ban until the end of October, as fuel shortages and soaring prices grip parts of the country. The move comes amid repeated Ukrainian drone strikes on refineries, which have disrupted production and strained supplies. The Russian government announced Wednesday that the temporary ban on gasoline exports—first imposed in […]