Economy

Dr. Sidi Ould Tah on Monday resumed as the 9th President of the African Development Bank (AfDB), taking over from Dr. Akinwumi Adesina who exited Office on August 31, after completing his two-term tenure of five...

By Emmanuel Nduka Obisue  African airlines saw a 9.4% year-on-year increase in air cargo demand in July 2025, one of the strongest performances globally, according to the International Air Transport Association (IATA). Cargo capacity for the...

By Emmanuel Nduka Obisue  The Nigeria Immigration Service (NIS) has announced a fresh upward review of passport application fees, with the new rates set to take effect from September 1, 2025. In a statement issued on...

By Ebi Kesiena In a decisive step towards transforming the Nigerian Civil Service, the Head of the Civil Service of the Federation (HCSF), Didi Walson-Jack, on Tuesday inaugurated the Steering and Project Implementation Committees for the...

Between July 2024 and June 2025, Nigeria’s kidnap-for-ransom scourge hardened into a full-blown industry, draining household wealth and eroding investor confidence. This is according to a new report by SBM Intelligence, showing that at least 4,722...

By Emmanuel Nduka Obisue  Imports of solar panels into Africa rose by 60 percent in the 12 months to June 2025, setting a new record, according to an analysis of China’s export data by energy think...