The Nigerian government is stepping up its crackdown on illicit mining, having detained scores of unlicensed miners since April on suspicion of stealing lithium, a
Category: Africa
US commits to providing 80% of Africa with internet access as FDI crashes to 3.5% globally.
Vice President Kamala Harris is declaring the formation of a new alliance to assist in bringing internet connectivity to 80% of Africa by 2030, an
Microsoft and Abu Dhabi-based AI firm G42 to invest $1b in geothermal Kenya data center
As part of its attempts to extend cloud computing services in East Africa, Microsoft is teaming with UAE-based AI firm G42 to spend $1 billion
Nigeria’s central bank reacts as inflation peaks at 33.69% in 28 years, hiking the benchmark rate to 26.25%.
In a move announced on Tuesday, Nigeria’s central bank increased its benchmark lending rate by 150 basis points, to 26.25% from 24.75%. Given that the
Nigeria’s inflation breaks a record 28-year high in April at 33.69% worsening the cost of living crisis.
Based on data released by the statistics office on Wednesday, Nigeria’s headline consumer inflation increased to a new 28-year high in April, reaching 33.69% year-over-year
Prince Harry and Meghan worry about the mental health of Nigerians on their first visit.
On their first visit to the most populous country in Africa, Prince Harry and his wife Meghan began their journey on Friday by attending an
Nigeria’s oil regulator engages global oil consultants to carry out due diligence on assets to be divested.
The regulator stated on Friday that large oil companies that seek to withdraw from Nigeria’s onshore oil, like Exxon Mobil and Shell, can receive approval
Nigeria seeks fund managers for a $10b diaspora fund to attract forex inflows.
In order to draw foreign investment and dollar inflows into the economy, Nigeria is looking for fund managers for a proposed $10 billion diaspora fund,
The World Bank halts financing for a $150m Tanzanian tourism project, which hurt indigenous communities.
A U.S.-based rights group that has long encouraged the global lender to take such action claims that the World Bank has discontinued funding for a
Nigeria’s inflation reaches a 28-year high of 33.2% in March.
In March, Nigeria’s inflation continued to rise despite central bank rate hikes intended to slow it down, hitting a 28-year high of 33.20% in annual
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