Zimbabwe’s interim currency fell to a new low on the black market on Thursday and local firms were demanding payment in U.S. dollars as a […]
Nigeria daily oil production hits 2.3mbpd
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru says the country’s daily oil production is currently 2.32million barrel pre day. Baru […]
Zimbabwe inflation soars to 10-year high of 97.85%
Zimbabwe’s annual inflation raced to a 10-year high of 97.85 per cent in May from 75.86 per cent the previous month, the national statistics agency […]
Oyo government to use agriculture, value chain to drive state’s economy
Gov. Seyi Makinde of Oyo State says the economy of the state will be driven by agriculture and agriculture value – chain in the next […]
Despite challenges, Africa’s debt is still under control, says African Development Bank
The African Development Bank remains strong with growing operating revenues and allocable income generated since 2010 reaching $2.5 billion, the Bank Group’s Treasurer, Hassatou Diop N’sele, […]
Rand slips on investigation into Ramaphosa campaign donation
South Africa’s rand slipped on Thursday, as investors were unnerved by an investigation into a donation for President Cyril Ramaphosa’s 2017 campaign, leader of the […]
Donors pledge $17 million to Africa Solidarity Trust Fund at African Development Bank Annual Meetings side event
African and non-regional donors on Tuesday pledged $17 million to replenish the Africa Solidarity Trust Fund, an initiative which aims to provide food security and […]
Nigeria’s untapped shea butter can yield $2bn annually
The Nigeria Agribusiness Register Networking (AgNet), a business outfits says the country`s untapped shea butter is capable of yielding two billion dollars about N721 trillion […]
Nigeria spends 50% of its revenue on debts – AfDB
The African Development Bank (AfDB) has said Nigeria spends more than half of its revenue to repay debts. This was contained in the bank’s West […]
UK economy shrinks in April as car plants close
Britain’s economy contracted overall by 0.4 per cent in April after a 0.1 per cent decline in March, the Office for National Statistics said on […]