Economy

By Enyichukwu Enemanna President of Cameroon, Paul Biya says subsidy on petrol remains a heavy burden on public coffers, saying prices of petroleum products will certainly increase in the local market. In his annual end-of-year address...

By John Ikani Ethiopia, a landlocked nation, has inked an initial agreement with Somaliland, a breakaway region of Somalia, to utilize the Berbera port along the Red Sea. The Ethiopian Prime Minister, Abiy Ahmed, and Somaliland...

By Enyichukwu Enemanna In a bid to fight market volatility and protect consumers, the Egyptian government has launched a crackdown on the pricing of seven items which it considers crucial in the lives of citizens. The...

By Enyichukwu Enemanna The Nigerian Senate on Saturday passed the 2024 Appropriation Bill of N28,777,404,073,861 into law, after raising the estimate of N27.5trn submitted to it by President Bola Tinubu on November 29 by N1.2tn. The...

By John Ikani Five nations—Saudi Arabia, Iran, the United Arab Emirates, Ethiopia, and Egypt—are set to officially become part of the BRICS group of emerging-market nations starting January 1, 2024. This was made known by South...

By Emmanuel Nduka A former top official at China’s Central Bank has been sentenced to more than 16 years in prison for corruption, Chinese media reported on Thursday. Sun Guofeng, a former head of the monetary...