
IMF Cuts Global Economic Growth Forecast
The International Monetary Fund warned that the global economy is entering 2022 in a weaker position than previously expected as it downgrad...
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We bring you various leading news from across Africa, on business, economy, market, and politics. Towards A Profitable Africa.

The International Monetary Fund warned that the global economy is entering 2022 in a weaker position than previously expected as it downgrad...

Microsoft Corp exceeded analysts’ expectations for second-quarter revenue on Tuesday, propelled by strong demand for its cloud-based service...

US President Joe Biden says he would consider imposing economic sanctions personally targeting Vladimir Putin if the Russian president order...

The Reserve Bank of Zimbabwe held a crisis meeting with captains of industry on Monday at which they pledged a commitment to work closely in...

Kenyan growers and exporters dealing in the avocado export business face an indefinite ban on the export of Hass and Fuerta varieties. Kenya...

Prime Minister Mostafa Madbouli has expressed Egypt's keenness on reaching a legally-binding agreement for filling and operating the Gr...

President Muhammadu Buhari launched the national policy on 5G for Nigeria’s digital economy, with a clear directive to all the security agen...

The Central Bank of Nigeria’s Monetary Policy Committee retained the Monetary Policy Rate at 11.5% and kept all other parameters unchanged....

The Federal Government will outline its policy position for the marginal field bid round to eligible awardees who have fully or partly compl...

The International Monetary Fund has retained its 2022 growth forecast for Nigeria at 2.7 per cent and increased the 2023 projection by 0.1 p...

Serbia and the Belgium-based Euroclear signed an agreement to make the Balkan country’s local debt euroclearable or clearable through the Eu...

An alliance of airlines and airports called for changes to the European Union’s planned climate change legislation on Monday, arguing it wil...

Taliban and Western diplomats are holding a meeting outside Norway’s capital Oslo for talks focused on Afghanistan’s humanitarian crisis. Th...

Ghanaian authorities have shut down Maxam Mining Company Limited responsible for manufacturing, storing, and transporting explosive material...

Malawi President Lazarus Chakwera has sacked his entire cabinet over corruption concerns. The president vowed to confront all forms of lawle...

Mali's government has called on Denmark to immediately withdraw a contingent of troops deployed to the West African nation as part of a...

The National Agency for Food and Drug Administration and Control has stopped the registration of alcohol in sachet and small volume and glas...

The Federal Government is considering autogas as an alternative to the Premium Motor Spirit, popularly called petrol. The Minister of State...

The federal government, represented by the Minister of Power, Abubakar Aliyu, has held a follow-up meeting with Egyptian authorities in an e...

The Minister of Finance, Budget and Economic Planning, Zainab Ahmed, says that the Federal Government had postponed the planned removal of s...

Seoul says Iran is expected to regain its vote in the UN General Assembly after South Korea paid Tehran’s delinquent dues to the world body...

The head of the German navy has resigned after coming under fire at home and abroad for saying that Ukraine would never regain the Crimean P...

Armenian President Armen Sarkisian announced that he was resigning his largely ceremonial position, citing the inability of his office to in...

The United Arab Emirates says it intercepted and destroyed two Houthi ballistic missiles that were targeting the country, and there were no...

The United States has ordered the families of all American staff at the US Embassy in Ukraine to leave the country amid heightened concern t...

A Civil Society Organisations grouping has demanded the urgent introduction of wealth tax to facilitate the trickledown effect of financial...

The United Nations Refugee Agency is appealing for nearly $60 million for tens of thousands of victims of intercommunal clashes over dwindli...

The Swazi Observer newspaper reports that Eswatini will destroy 10,000 Johnson & Johnson vaccines that have expired. The country's heal...

Shell Petroleum Development Company will attempt to convince the Court of Appeal, Owerri Division, to upturn an N800 billion judgement again...

Aliko Dangote, says mechanical work on his much-awaited crude oil refinery had been completed and the facility would begin to run between Au...

The Central Bank of Nigeria says that effective February 1, 2022, all import and export operations would require the submission of an electr...

Chairman of the council, Samuel Nwanosike says that at least 112 illegal refineries have been discovered in Ikwerre Local Government Area of...

Russia’s central bank proposed a blanket ban on the use and creation of all cryptocurrencies within one of the world’s biggest crypto-mining...

South Korea unveiled a 14 trillion won supplementary budget on Friday to support the self-employed and small businesses that have taken a he...

China and Russia blocked a US push to impose United Nations sanctions on five North Koreans in response to recent missile launches by Pyongy...

The US Embassy in Khartoum says that Washington would not resume its paused economic assistance to Sudan until violence there comes to an en...

UN Secretary-General António Guterres says there is a demonstrable effort to make peace in Ethiopia after more than a year of civil war. Mr...

The authorities in Burkina Faso say they disrupted access to Facebook due to security fears. Government spokesperson Alkassoum Maiga says th...

Sudan's military chief, General Abdel Fattah al-Burhan, has appointed 15 ministers to a new government. The move comes almost three mon...

A United Nations-backed agency, Medicines Patent Pool, has struck a deal for nearly 30 generic drug makers to manufacture low-cost versions...

The Nigeria Governors’ Forum has commended the Senate for re-amending the Electoral Act Amendment Bill giving room for direct, indirect, and...

Former Head of State Abdulsalami Abubakar raised concerns over the removal of fuel subsidies. General Abdulsalami says the country is facing...

US mobile networks AT&T and Verizon have agreed to postpone the rollout of their new 5G service at some airports. The telecoms firms express...

The Finance Ministry says Britain is to crack down on misleading advertisements for crypto assets, which often target retail consumers with...

The British parliament is expected to debate a motion entitled recognition of Somaliland which has been tabled by MP Gavin Williamson. Somal...

President Tayyip Erdogan says that he was pleased with the lessening in lira volatility and that the government was working on steps to incr...

The South African government is collaborating with the German Federal Ministry of Economic Cooperation and Development to promote the develo...

Kenya has extended the suspension of all inbound and transit passenger flights from the United Arab Emirates for a further seven days. The K...

Kenya’s highest court began weighing a legal bid to revive government plans to shake up the country’s political system, just months ahead of...

The trial of the leader of the Indigenous People Of Biafra, Nnamdi Kanu stalled on Tuesday after he objected to the fresh charges brought ag...