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.
Category: Africa
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
Nigeria faces the worst food crisis in 50 years with 33m people at risk. – UN.
Due to economic difficulties, a joint government-United Nations assessment released Friday predicted that over 30 million Nigerians will experience food insecurity next year, a one-third
Nigeria’s Dangote oil refinery pleads with the Nation’s oil regulators for patronage and to save FX from imports.
Marketers who claimed they had to augment Dangote’s supplies with imports to address fuel shortages were refuted by the wealthy founder of Nigeria’s Dangote oil
Nigeria’s Moniepoint achieves unicorn with over $1b valuation and $110m in new funds.
Fintech Company Moniepoint, located in Nigeria, announced on Tuesday that it has secured $110 million in fresh capital from investors, including Google, to expand its
South Africa’s Pick n Pay to exit Nigeria after suffering massive losses.
As part of its intentions to restructure outside of its home market, South African grocery store Pick n Pay announced today that it will sell
Nigeria’s Brass petrochemical plant costing $3.5b to generate $1.5b annually, signs gas supply deal.
Nigeria signed an agreement with joint venture partners to supply gas to a proposed $3.5 billion Brass fertilizer and petrochemical facility, marking a significant step
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