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Nigeria: Double taxation and increase of excise duty pushing food and...

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Due to double taxation and increase of excise duty, owners of factories in the food and beverage sector are considering relocating their factories to...

NCC halts approval of communications licenses

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The Nigerian Communications Commission (NCC) says it has temporarily halt the approval of new licenses in some categories to operators in the sector. The commission...

IPMAN to partner with EFCC in fight against distribution of illegally...

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The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it would partner with the Economic and Financial Crimes Commission (EFCC) in the fight against...

“Time for direct elections”: Nigerian ambassador-designate appeals to ECOWAS leaders

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Senator Ita Enang, Nigeria's ambassador-designate and former Senator for Akwa Ibom North-East, has advocated for the direct election of ECOWAS Parliament members by their...

MOWCA begin talks with AFREXIMBANK on ship financing

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The Secretary General of the Maritime Organisation of West and Central Africa, MOWCA, Dr. Paul Adalikwu, has started serious discussions with Afreximbank to support...

Fuel prices hit all-time high in Kenya

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The cost of fuel in Kenya hit a record high on Friday (Sep. 15) after the energy regulator revised pump prices, adding to the...

Nigerian govt vows to shut down illegal money lenders

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The joint committee tackling the violation of consumer rights in the money lending industry will shut down illegal businesses at the commencement of its...

British pound plunges to new low as tax cuts spark concern

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The British pound fell to all-time low against the U.S. dollar early Monday after Treasury chief Kwasi Kwarteng pledged a sweeping package of tax cuts,...

Elon Musk buys 9.2% stake in Twitter, making him the largest...

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New York (CNN Business)Elon Musk recently purchased 9.2% of Twitter stock, according to a filing Monday, making him the largest individual shareholder in the...

Nigeria approves proposal for gas pipeline project to Morocco

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The Nigerian government on Wednesday approved a proposal for the construction of a gas pipeline connecting Nigeria and Morocco. Africa's gas reserves have come under...