Finance
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African countries that have legalized cannabis cultivation for industrial, medicinal purposes
As the global demand for medical cannabis continues to grow, several African countries have shifted their stance on cannabis cultivation.…
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World Bank Lists Nigerian Naira Among Worst Performing Currencies in Africa for 2024
The Nigerian naira has been listed as one of the worst-performing currencies in Sub-Saharan Africa for 2024, according to the…
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Nigeria’s Foreign Reserves Surge by $2.35 Billion, Boosting Naira Stability
LAGOS – Nigeria’s foreign reserves have experienced a significant boost, with the Central Bank of Nigeria (CBN) recording an average…
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Russia Secures 90% Stake in Fuel Pipeline Deal with Republic of Congo
Russia has tentatively agreed to construct a significant fuel pipeline in the Republic of Congo, linking the western port of…
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Dangote Refinery Faces Boycott from Local Marketers, Exporting Majority of Production
The Dangote Refinery, Africa’s largest, is facing challenges as local petroleum marketers in Nigeria continue to boycott its products, preferring…
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Algeria Approved to Join BRICS New Development Bank
Algeria has officially received approval to join the BRICS New Development Bank (NDB), marking a significant step in the nation’s…
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NNPCL To Hand Over Warri, Kaduna Refineries To Private Operators
The Nigerian National Petroleum Company Limited (NNPC) has announced its plan to engage reputable and credible Operations and Maintenance (O&M)…
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Burkina Faso Nationalizes Contested Gold Mines Amid Legal Settlement
Burkina Faso has taken a significant step by nationalizing two contentious gold mines following a legal dispute involving Endeavour Mining…
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Dollar to Naira Exchange Rate on Black Market Today 26th August 2024
As of August 26, 2024, the exchange rate between the US dollar and the Nigerian naira on the black market,…
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Dangote Refinery Begins Test Runs for Petrol Production, Full Operations Expected by September
The Dangote Refinery, touted as the world’s largest single-train refinery, has entered a crucial phase of its development. This facility,…
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