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

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 […]

Business

Trump threatens 200% tariff hike for China

Oakley Mason August 27, 2025

USA The US president threatened Beijing with a steep tariff increase if the country did not supply rare-earth magnets, which are crucial for a range of products, such as smartphones and electric vehicles, to Washington. Another tariff threat from Washington: US president Donald Trump told journalists on Monday that China could face 200% tariffs if […]

Business

Kenya moves to convert dollar loan to yuan

Andrew Mbeki August 26, 2025

Kenya Nairobi specifically wants to reprofile the $5bn loan that Beijing underwrote for the construction of the east African country’s modern railway, the finance minister told Reuters Wednesday. If approved, the move would reduce pressure on Kenya’s forex reserves. The country spends nearly $1bn a year in debt service to China. Since 2022,

Business News

Nigeria’s tech. coy, BDIC partners broadcaster NTA towards digital transformation 

Ewaka Sam August 23, 2025

Nigeria An emerging Nigeria’s tech giant, the Benue Digital Infrastructure Company (BDIC) PLC yesterday played host to the Zonal Director of NTA Makurdi Network Centre, Mrs. Asabe Ak’mordi, alongside her management team, on a courtesy visit.  The engagement provided an opportunity to showcase BDIC’s cutting-edge digital products and services, pivotal to powering

Business News

Japan deepens Africa ties with 300

Chung Fang August 23, 2025

Japan A major boost in Japan-Africa relations as 300 cooperation agreements were signed during the 9th Tokyo International Conference on Africa’s Development, or TICAD9, held this week. That’s three times more than what was achieved at the last summit in Tunisia back in 2022. The announcement came on Thursday, during Day 2 of the conference, […]

Business News

Nigeria’s Airport agency NiMet, stresses importance of climate risk

admin August 22, 2025

Nigeria The Director-General and CEO of the Nigerian Meteorological Agency (NiMet), Professor Charles Anosike yesterday stressed the need for integrating climate-related risks into sustainability reporting. Professor Anosike made this known during the 2nd Regulatory Roundtable on the Implementation of ISSB’s Sustainability Reporting Standards in Nigeria.  The event,

Business

Nigerian Meteorological Agency moves to enhance climate services

Ewaka Sam August 20, 2025

Nigeria The Nigerian Meteorological Agency (NiMet), in partnership with Sahel Consulting, the International Research Institute for Climate and Society (IRI), and the Bill & Melinda Gates Foundation, yesterday officially launched the Enhancing National Climate Services (ENACTS) initiative to improve access to reliable climate information across Nigeria.  The

Business

United Nigeria Airlines Returns to south-south Warri

Ewaka Sam August 19, 2025

Nigeria United Nigeria Airlines is set to reconnect air travelers with the bustling city of Warri as it relaunched scheduled flights from Lagos and Abuja directly to Osubi Airport starting Monday, 25 August 2025.  This move signifies a strategic step in improving regional connectivity and enhancing business and leisure travel for passengers within Nigeria’s vibrant

Business

109,000 meters to be distributed in four states in Nigeria – Energy coy informed 

Kingsley Chukwuka August 19, 2025

Nigeria An energy company in Northern Nigeria known as the Jos Electricity Distribution Company, has said Band A customers in its four franchise states of Bauchi, Benue, Gombe and Plateau will get a free 109, 000 meters installed for effective service delivery as well as bridging the metering gap. The company said the effort comes […]