Business & Economy

Nigeria’s Cashless Drive Accelerates as E-Payment Transactions Hit N384 Trillion — CBN

Nigeria’s transition toward a fully cashless economy is gaining strong momentum, with electronic payment transactions rising to N384 trillion in July 2025, according to...

Ramaphosa Unveils 10-Point ‘Economic Emergency’ Plan to Revive South Africa’s Economy

South African President Cyril Ramaphosa has unveiled a 10-point “economic emergency” plan designed to revive the country’s struggling economy, which has been weighed down...

Uganda’s $4 Billion Oil Refinery Set for Completion by 2029–2030, Officials Confirm

Uganda’s long-awaited oil refinery project is on schedule to begin operations between the fourth quarter of 2029 and the first quarter of 2030, according...

FTSE Russell Places Nigeria on Watch List for Possible Reclassification as Frontier Market

London — Global index provider FTSE Russell has announced that Nigeria has been added to its watch list for potential reclassification as a frontier...

Aliko Dangote Begins Construction of $2.5 Billion Fertilizer Plant in Ethiopia

Addis Ababa — Africa’s richest man, Aliko Dangote, has officially commenced construction of a $2.5 billion fertilizer plant in Ethiopia, marking another major step...

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