Dangote Refinery has announced a reduction in the ex-depot (gantry) price of petrol by N65 per litre, lowering it from N890 to N825 per litre. The new pricing will take effect from February 27, 2025. This adjustment comes as part of the refinery’s efforts to stabilize fuel prices in the country amid fluctuating global oil…
Nigeria’s Gross Domestic Product (GDP) expanded by 3.84% year-on-year in real terms during the fourth quarter of 2024, marking a significant improvement over the 3.46% recorded in Q4 2023 and the third quarter of 2024. This growth was primarily driven by the robust performance of the services sector, which grew by 5.37% and contributed 57.38%…
The Federal Government’s decision to reroute the Lagos-Calabar Coastal Highway inland to avoid constructing multiple bridges across five states has sparked criticism from Nigerians, who argue that the move undermines the project’s original intent. Minister of Works David Umahi revealed on Sunday during a stakeholders’ engagement meeting in Lagos that the highway’s alignment is being…
South Africa’s Competition Commission has placed major tech companies like Google and Meta (Facebook) under scrutiny, calling for a fairer distribution of revenue between digital platforms and local media companies. In its provisional Media and Digital Platforms Market Inquiry (MDPMI) report, the commission has proposed a 5%-10% tax on these digital giants if they fail…
Bamako, Mali – The Confederation of Sahel States (CSS) officially unveiled its flag in a ceremony held in Bamako, Mali, marking a significant milestone for the newly formed regional bloc. The event, chaired by Major General Abdoulaye Maïga, Prime Minister and Head of Government of Mali, was attended by CSS ministers and dignitaries from its…
The Bybit hack is officially the largest crypto heist in history, with over $1.46 billion stolen. This accounts for 16% of all previous crypto hacks combined. The magnitude of this breach is unprecedented, shaking confidence in crypto security. Here’s what happened, what we know so far, and why this event could change everything. The Timeline…
Ghana’s National Daily Minimum Wage (NDMW) has been increased by 10%, rising from GH₵18.15 to GH₵19.97. The announcement was made by the National Tripartite Committee (NTC) in compliance with Section 113 (1) (a) of the Labour Act, 2003 (Act 651). This increment is part of ongoing efforts to mitigate the rising cost of living and…
Tanzania has officially surpassed Nigeria to become Africa’s second-largest maize producer, recording an impressive 11.7 million tonnes in the 2023/24 farming season. This marks a significant rise from the 6.4 million tonnes produced in the 2021/22 season. The Tanzanian Ministry of Agriculture attributes this surge in maize output to key agricultural reforms implemented over the…
Aliko Dangote, Africa’s richest man, has reclaimed his position among the world’s top 100 billionaires following a massive surge in his net worth. According to Forbes’ real-time ranking of billionaires, Dangote’s wealth climbed to approximately $23.9 billion from $13.4 billion last year—an increase of $10.5 billion (78.4 percent). The remarkable growth was driven by the…
Former U.S. President Donald Trump has launched a fresh verbal attack on Ukrainian President Volodymyr Zelenskyy, accusing him of manipulating the Biden administration into excessive military spending amid Ukraine’s ongoing war with Russia. In a post on his Truth Social platform, Trump criticized Zelenskyy, referring to him as a “modestly successful comedian” who has skillfully…