Business & Economy

CBN Ends Special Authorisation: New Cash Withdrawal Rules Effective January 2026

ABUJA—The Central Bank of Nigeria (CBN) has announced significant revisions to its cash-related policies, effective January 1, 2026. These changes signal a renewed push...

Lagos Commuters Rejoice! 229 High-Capacity Buses Launch on Lekki–Epe Corridor Dec 8

Lagos is about to witness a major facelift in its public transportation system. Commuters on the notoriously busy Lekki–Epe axis can finally look forward...

Nigeria Completes $5 Billion African Energy Bank Headquarters, Sets Stage for Continental Energy Growth

Nigeria has concluded the construction of the $5 billion headquarters for the newly established African Energy Bank (AEB), a development seen as a major...

Eskom’s Profit Surge Signals Recovery — Now Comes the Test of Endurance

Eskom, South Africa’s state-owned electricity utility, has recorded a major financial turnaround, posting substantial profits for the first time in eight years — a...

Ugandan Tech Firm Engo Holdings Expands International Footprint with Smartphone Exports

Ugandan information and communications technology (ICT) company Engo Holdings Limited is making significant strides on the global stage, exporting smartphones to international markets. In 2020,...

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