Economy

By Enyichukwu Enemanna The presidency of Africa's most populous country has lauded its removal from the list of International Monetary Fund (IMF) debtor countries. A presidential spokesman O’tega Ogra, said Nigeria's clearance of IMF debt signals...

By Enyichukwu Enemanna Kenya will not increase existing taxes or introduce new ones in the 2025/2026 budget proposals, the finance minister says, following deadly anti-government demonstrations that rocked the East African country last year when the...

By Emmanuel Nduka  Nigeria's Bank of Industry (BoI) is partnering the Abia State Government to establish a N10 billion funding initiative aimed at supporting Small and Medium Enterprises (SMEs) across the state. Announcing the partnership at...

By Ebi Kesiena A new Afrobarometer survey has revealed a troubling rise in public concern about corruption in Nigeria, with a growing number of citizens saying that fear of retaliation is silencing them. The findings were...

By John Ikani The applause inside the Eko Convention Centre, located in Nigeria’s commercial capital, Lagos, had barely worn off when Dangote shocked his audience with an ambitious headline figure: “We will cross thirty billion dollars in...

Nigeria has dropped to fourth position among Africa’s largest economies based on updated 2024 GDP figures released by the International Monetary Fund (IMF) and Afreximbank Research. Previously known as Africa's leading economy, Nigeria now sits behind...