A $600 million lithium processing plant near the Kaduna-Niger border is scheduled for commissioning this quarter, while a $200 million lithium refinery on the outskirts
Category: Africa
MTN Group and Airtel Africa will share networks in Nigeria and Uganda, given high 5G connection costs.
To reduce costs while simultaneously expanding service coverage, MTN Group and Airtel Africa announced on Wednesday that they had reached an agreement to share mobile
Africa launches new “gold standard” currency backed by critical minerals.
A new “gold standard” currency system is being proposed by Africa’s development bank, and it will be supported by vital minerals like cobalt, copper, lithium,
Nigeria becomes the 9th BRICS partner country and may face a 100% tariff from the U.S.
Brazil, the chair of the BRICS bloc of developing countries, has announced that Nigeria has been accepted as a “partner country.” To counterbalance the Group
China Development Bank grants first loan of $255m to railway project in Nigeria.
On Tuesday, the China Development Bank said that it has recently loaned 245 million euros ($254.76 million) to the Nigerian Kano-Kaduna railway project, supplying funding
Nigeria’s lithium boom is driven by Chinese merchants, illegal mines, and child labor.
Six-year-old Juliet Samaniya, wearing a worn pink dress, squats under blazing sun to use a stone tool to chip away at a sharp white rock.
Nigeria’s central bank hikes the interest rate for the 6th time in 2024 to 27.5% in the worst cost-of-living crisis.
Citing fresh inflationary pressures in the most populous country in Africa, Nigeria’s central bank increased its benchmark lending rate by 25 basis points to 27.50%
World’s biggest meat producer JBS signs MOU with the Nigerian government to invest $2.5b and build 6 factories.
On Thursday, Brazilian meatpacker JBS announced that it and the Nigerian government had signed a memorandum of understanding for a $2.5 billion investment plan that
In Africa, Trump’s 2.0 portends meager hopes and less funding for the continent.
There is little hope that Donald Trump’s administration will bring about positive changes for this continent of more than 1.4 billion people, even though African
Nigeria grants China approval to revamp the $1.2b gas plant to generate 540mw of electricity for ALSCON.
Nigeria’s Petroleum Ministry announced that it has signed a $1.2 billion deal with CNCEC, a Chinese state-owned engineering company, to renovate a gas processing facility
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