Petrol prices have increased at some filling stations across Nigeria, adding fresh pressure on motorists and households already struggling with high living costs. Reports published on Sunday, October 11, indicate that MRS and other fuel retailers have adjusted their pump prices amid changing supply costs in the downstream petroleum market. The latest increase comes as […]
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Zambia has reached a preliminary agreement with the International Monetary Fund on a proposed $1.5 billion financing programme aimed at supporting the country’s economic recovery and strengthening financial stability. The agreement follows discussions between Zambian authorities and an IMF team. It is intended to support the government’s economic programme as the country continues to address […]
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The Federal Government has announced a temporary closure of Sam Mbakwe International Cargo Airport in Owerri, Imo State, for 25 days to allow runway rehabilitation and extension. Aviation Minister Festus Keyamo announced that the closure will begin on October 20, 2026. The project is expected to prepare the airport for increased passenger traffic during the […]
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The Federal Government’s decision to introduce a 30-day petrol discount at Nigerian National Petroleum Company Limited (NNPC) filling stations has drawn criticism from labour leaders, opposition groups and economic stakeholders, who say the measure falls short of the relief Nigerians need. The government announced the temporary intervention on Thursday, October 8, saying NNPC would sell […]
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Mobility and vehicle-financing company Moove is ending its operations in Nigeria, six years after it was founded in Lagos, in a development that raises fresh questions about the future of the country’s ride-hailing and vehicle-financing market. The company announced on Thursday, October 8, that eligible customers would receive full ownership of vehicles valued at approximately […]
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The Nigeria Labour Congress (NLC) has given the Federal Government a 14-day ultimatum to take action on petrol prices, begin renegotiating the national minimum wage, and implement outstanding agreements with organised labour. The ultimatum was issued after a joint meeting of the union’s National Executive Council and Central Working Committee in Abuja. The deadline began […]
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The Federal Government has announced a 30-day petrol price relief measure at Nigerian National Petroleum Company Limited (NNPC) filling stations as part of efforts to ease the pressure of rising fuel costs on Nigerians. The announcement, made by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on Thursday, October 8, comes […]
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DAKAR — Senegal is targeting an agreement with official creditors and bondholders by December 2026 as the country works to restructure its debt. The move follows the discovery of previously misreported debt estimated by analysts at around $13 billion. Senegal has begun discussions with creditor groups under the G20 Common Framework. The country is also […]
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The World Bank has projected that Nigeria’s economy will grow by 4.3% in 2026, up from an estimated 4.0% in 2025. The improved outlook reflects stronger macroeconomic conditions, investor confidence and signs of recovering private investment. However, the positive growth forecast does not automatically mean that households will immediately experience better living conditions. The World […]
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Nigeria Rises Four Places in African Investment Ranking Nigeria has moved four places to eighth among 19 African economies assessed in Bloomberg Economics’ 2026 investment-risk ranking. The improvement comes against the background of economic reforms and changes in Nigeria’s macroeconomic environment. The ranking provides one indication of how investors view economic conditions across African markets. […]
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