According to the International Monetary Fund (IMF), Rwanda’s growth momentum remains strong, “notwithstanding the challenging external environment,” stating that its real GDP is projected to grow by 8.3 per cent in 2024. 

Nigeria's House of Representatives has urged the federal government to prioritize protecting its orbital slots and investing in satellite technologies to ensure that Nigeria's allocated orbital slots are fully utilized before the impending deadline to prevent $400 million in losses. 

Nigeria, USA Annual Trade Now $10bn   The Consul-General of the United States Consulate in Lagos, Nigeria, Will Stevens, has said that Nigeria and the US have a $10bn annual trade relationship. Steven disclosed this on Monday in Lagos while speaking at the opening ceremony of the...

Air Peace Hikes Lagos-Abuja Ticket to N200,000   From November 1, 2024, a one-way flight ticket from Lagos to Abuja on Air Peace is to hit N200,000. The harsh economy has been affecting the aviation business causing airlines to increase their fares amid lamentations from passengers. This development...

CBN Postpones Cash Deposit Fees' Implementation The Central Bank of Nigeria (CBN) has once again extended the suspension of processing fees on cash deposits above N500,000 for individuals and N3,000,000 for corporates until March 31st, 2025. This latest decision allows individuals and corporate entities to continue...

Oil Sector Draws $5m Foreign Investment in Q2 Efforts of the government to bring in investors to Nigeria’s oil and gas sector appear not to have yielded the desired result as the sector only attracted $5m foreign investment in the second quarter of the year,...