The Monetary Policy Committee (MPC) unanimously decided to raise Nigeria’s benchmark lending rate from 26.75% to 27.25% on Tuesday, shocking the market. Laptops 1000 Following
Category: Africa
U.S biggest lender JPMorgan Chase embarks on growth push across Africa.
In an effort by the largest U.S. lender to grow on the continent, CEO Jamie Dimon intends to visit Africa in mid-October. This will be
China offers Africa $51b fresh funding in yuan, 1m jobs, stoking fears of debt trap
On Thursday, President Xi Jinping promised to increase China’s assistance to debt-ridden Africa, including funding of approximately $51 billion over three years, support for further
Ghana begins constructing 300,000bpd, a $12b oil refinery on 20,000 acres, fueling the accusation of land grab.
The government of Ghana expects that by building a 300,000 barrel-per-day oil refinery, President Nana Akufo-Addo’s country will become the petroleum hub of the region,
Poland pleads with Nigeria to release 6 Polish students and a lecturer at the University of Warsaw detained over protests.
Polish ambassadors requested the release of seven people who were detained in Nigeria on Friday amid ongoing protests in the West African nation, citing their
South Africa’s “construction mafias” lay siege on projects, scaring away investors. – Minister.
The nation’s new minister of public works and infrastructure claimed on Friday that strong, politically connected “construction mafias” deter investors and stall infrastructure projects essential
Facebook deletes 63,000 Nigerian Yahoo boys’ profiles for sexual extortion scams.
In addition to sites and organizations attempting to coordinate, enlist, and teach new con artists, Meta claims to have removed over 63,000 Facebook profiles involved
Nigeria hikes rates as inflation bites, after approval of 6.2tr naira additional spending.
In response to rising inflation that reached a 28-year high and further pressure on the naira on both the official and black markets, Nigeria’s central
Nigeria’s Dangote refinery abandons NNPC crude for Libya and Angola.
To get around issues with local supply, Nigeria’s Dangote refinery is in negotiations with Libya to get crude for the 650,000 barrels per day (bpd)
International gang busted in South Africa over multi-million dollar industrial meth lab.
In one of the largest drug busts in the history of the nation, South African police have discovered an industrial-scale meth manufacturing facility and have
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