Economy

By Lucy Adautin The Australian government has announced a US$1.3 billion deal with Amazon to create a custom cloud server for top-secret military intelligence. Amazon Web Services (AWS) will design a "top secret" cloud for Australia's...

By Emmanuel Nduka  African Export-Import Bank (Afreximbank) shareholders have approved an increase in the authorised share capital from $5 billion to $25 billion. Disclosing this in a statement on Wednesday, Vincent Musumba, Afreximbank’s manager of communications...

By Emmanuel Nduka Heritage Times HT had reported that Nigerian Government is pushing for the country to become the headquarters of the Africa Energy Bank (AEB). The country is now set to launch an initial capital...

By Enyichukwu Enemanna Nigerian National Petroleum Company (NNPC) Limited has declared a state of emergency on the production of crude oil in the country, aiming to increase the West African nation's daily capacity. “We have decided...

By John Ikani Africa's Real Estate investment landscape continues to pale in comparison to the global market, according to a new report by Estate Intel, an African real estate data firm. In 2023, the continent attracted...

By John Ikani The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, on Monday in Abuja, hailed the Presidential Directive on Local Content Compliance Requirements as crucial for enhanced competitiveness and...