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

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 […]

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, […]