Economy
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Economy
Nigeria's anti-graft agency recovers nearly $30m in corruption probe
Date:Apr 16, 2024
Nigeria's anti-corruption agency has recovered $28.88 million after launching an investigation into alleged fraud at a government ministry responsible for tackling poverty, a Spokesperson said.
Analysts warn of food price rise if conflict continues in Middle East
Date:Apr 16, 2024
Economists say soaring global inflation could negatively affect food prices, oil, and petrol prices due to the Middle East conflict.
Judge dismisses some claims against Meta's Zuckerberg over social media harm
Date:Apr 16, 2024
Meta Platforms' Chief Executive Officer Mark Zuckerberg on Monday won the dismissal of some claims in a dozen lawsuits accusing him of concealing from the public that Facebook and Instagram were harmful to children.
Ghana fails to reach debt deal with international bondholders
Date:Apr 16, 2024
Ghana has failed to secure a workable debt deal with two bondholder groups in its push to restructure $13 billion of international bonds, the government said on Monday, in a blow to its efforts to swiftly emerge from default and economic crisis.
Nigeria’s grid collapses again
Date:Apr 15, 2024
Nigeria’s electricity grid collapsed for the fifth time this year in the early hours of Monday, highlighting the country’s inability to provide reliable power after raising tariffs for wealthier consumers by 230% only two weeks ago.
Egypt to build solar power stations worth $20m
Date:Apr 16, 2024
Egypt plans to build two solar power stations worth 1 billion Egyptian pounds ($20.60 million), financed by the European Union (EU), the Petroleum Ministry said.
'Hold for Bitcoin halving'
Date:Apr 16, 2024
Could Bitcoin's bumper rally just be getting started this year?
OPEC woos Namibia as African nation prepares to produce from 2030
Date:Apr 16, 2024
The Organisation of the Petroleum Exporting Countries oil producers group (OPEC+), having lost Angola and other players in recent years, is eyeing Namibia for possible membership.
SA trade union hails opening of $15m peanut butter plant
Date:Apr 16, 2024
The Congress of South African Trade Unions (COSATU) has hailed the inauguration of a $15 million peanut butter manufacturing facility by Tiger Brands in Krugersdorp, situated in Gauteng province's West Rand.
Nigeria inflation climbs to 28-year high
Date:Apr 15, 2024
Nigeria's inflation kept climbing in March, reaching a 28-year high of 33.20% in annual terms, driven by soaring food and energy costs despite central bank rate hikes aimed at halting its ascent.
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