Economy

By John Ikani While many leading African economies are experiencing a gradual easing of inflation, Nigeria continues to grapple with a persistent surge in consumer prices. The latest data from the National Bureau of Statistics (NBS)...

By John Ikani The Nigerian Content Development and Monitoring Board (NCDMB) and the Senate Committee on Local Content on Sunday began a 3-day retreat at Abuja, aimed at forging closer collaboration between the two entities, to...

By John Ikani Nigeria's Central Bank (CBN) raised its benchmark interest rate, known as the Monetary Policy Rate (MPR), in a bid to curb soaring inflation. The new rate, set at 26.75%, marks a 50 basis...

By Emmanuel Nduka The International Monetary Fund (IMF), has listed some African countries with the highest indebtedness to the global lenders. The list which was unveiled in a recent report by the IMF, identified countries of...

By John Ikani African religious leaders have issued a powerful plea for renewed debt forgiveness across the continent. Their appeal coincides with the approach of the 2025 Jubilee year, a period traditionally associated with reconciliation and...

By Enyichukwu Enemanna Turkey has struck a deal with Somalia to send an exploration vessel off the coast of the African country for the exploration of oil and gas. Turkish leader, President Tayyip Erdogan, had late...