Following changes to its foreign exchange market and the elimination of a gasoline subsidy, Nigeria might save up to 3.9 trillion naira ($5.10 billion) this
Category: Africa
Forex scarcity: Nestle brings production and sourcing of raw materials in Africa closer to consumer markets.
In order to lessen the sector’s problematic exposure to foreign exchange, food giant Nestle’s operations in Nigeria and other African nations are increasing their sourcing
Zambia’s Mopani Copper Mines up for grabs, four firms submit non-binding offers.
The shortlist for the bid to purchase Zambia’s Mopani Copper Mines includes China’s Zijin Mining and Norinco Group, South Africa’s Sibanye Stillwater, and an investment
EXIM Bank of India to invest $3.5b in African projects in 2023.
The senior executive of India’s Export-Import Bank announced intentions to increase investments under a government-supported line of credit program to finance Indian enterprises wishing to
Nigeria’s inflation rises to 22.41% in May, with food and non-alcoholic beverages as the biggest drivers.
Nigeria’s Bureau of Statistics said on Thursday that annual inflation increased to 22.41% in May from 22.22% the previous month. According to the statistics, non-alcoholic
TotalEnergies discovers oil and gas at OML 102 off the coast of Nigeria.
The French company TotalEnergies said on Tuesday that it has discovered gas and oil at the OML 102 offshore oilfield in Nigeria. Nicolas Terraz, president
EU to support Tunisia with $1.07b to revive its battered economy and stem migration crisis.
According to EU Commission President Ursula von der Leyen, the European Union is considering providing more than 1 billion euros ($1.07 billion) in aid to
Nigerian regulator accuses Exxon of economic sabotage and illegal lifting of petroleum.
ExxonMobil Corp., according to a letter of protest to the petroleum ministry, has been accused of participating in the illegal lifting of petroleum products from
Turkey intercepts $ 1 billion in fake $100 bills destined for Africa.
In Istanbul, Turkish security authorities confiscated $1 billion in fake currency and detained six suspects, including three Swedish and one Ghanaian nationals, the governor’s office
Nigeria’s SEC declares Binance operations illegal.
The world’s largest cryptocurrency exchange Binance has been ordered to cease operations in Nigeria by the country’s markets regulator, who claimed a local subsidiary that
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