CHINA and Africa recorded a significant boost in economic ties last year, with bilateral trade hitting $295bn in 2024, reflecting a 6 percent year-on-year increase, according to officials from the African Union (AU) and the Chinese Mission to the AU.…
CHINA has taken steps to restrict local companies from investing in the United States, a move that could provide Beijing with greater leverage in potential trade negotiations with President Donald Trump’s administration, Bloomberg reports, citing sources familiar with the…
NIGERIAN billionaire and philanthropist Tony Elumelu has been appointed to the International Monetary Fund’s (IMF) Advisory Council on Entrepreneurship and Growth, a new high-level group designed to help shape policies that foster global economic development through private sector-led growth. The announcement cements…
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 22nd March, below. You can swap your dollar for Naira…
THE Plateau State Internal Revenue Service, PSIRS, has announced a significant milestone in revenue generation, recording an all-time high of N31.14 billion in 2024. PSIRS also stated that this remarkable achievement represents a substantial increase from previous years, with N15.9…
THE ECOWAS Bank for Investment and Development (EBID) in conjunction with the European Investment Bank (EIB), has announced a €100 million financial partnership to support climate action and environmental sustainability projects in the ECOWAS region. A statement signed by Anita…
IN today’s digital age, economic diversification is no longer a luxury but a necessity for sustainable growth and development. Nations across the global North have demonstrated that broadening their economic bases can not only stimulate growth but also strengthen the…
GHANA has said it plans to buy petroleum products from Nigeria’s Dangote Refinery to cut down on import expenditure. Reuters reports that Chairman of the National Petroleum Authority, Ghana, Mustapha Abdul-Hamid, disclosed this on Monday at the OTL Africa Downstream…
THE Federal Competition and Consumer Protection Commission (FCCPC) has warned Nigerian banks against incessant online service disruption. Tunji Bello, the Executive Vice Chairman/Chief Executive Officer of the Commission, issued the warning in a statement on Tuesday. The warning comes…
THE National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas increased from N5,974.55 recorded in July 2024 to N6,430.02 in August 2024. This is contained in the Bureau’s “Cooking Gas Price Watch’’ for August 2024…
