Economy

In a significant pivot, Dangote Refinery has announced a temporary halt to the sale of petroleum products in Naira. This decision appears to be a strategic move to sidestep the complexities arising from a disparity between revenues generated in Naira and the obligations tied to dollar-denominated purchases of crude oil, as reported by Premium Times. Without a doubt, this shift means that oil marketers will now be compelled to transact in dollars for crucial commodities, such as petrol and diesel. The implications are…

“To step into the role of president necessitates a gravitas not to be taken lightly; the aspirations of every Namibian rest upon my shoulders,” remarked Namibia's President-Elect, Netumbo Nandi-Ndaitwah, in a candid statement prior to her inauguration on March 21. Her words resonate like a clarion call, suggesting both the weight of responsibility and the promise of transformative leadership. Nandi-Ndaitwah recently addressed her staff at State House during a poignant farewell to outgoing president Nangolo Mbumba, and her…

During a recent Stanbic Economic Series webinar, cloaked under the theme of "The Economy under a New Era", Mr. Qureishi unfolded a tapestry of insightful analysis and bold predictions about Ghana’s economic landscape. The discussion was a captivating dive into key growth drivers and structural risks that hover like spectres over the country's economic future. One might wonder, amidst global uncertainties, what fuels this optimism? Strong Recovery in 2024 Sets Stage for 2025 Ghana's…

The road to the 2026 FIFA World Cup—set to unfold in the vibrant landscapes of the United States, Canada, and Mexico—has already seen four thrilling rounds of qualification matches. As we gear up for Match Day 5, anticipation builds with an array of compelling clashes on the horizon. On Wednesday, March 19, soccer enthusiasts can expect four captivating encounters. The spotlight will undoubtedly shine on Liberia, who will face Tunisia, the current frontrunners in Group H. This match presents an opportunity for Liberia to…

Blessed Geza, a former member of the Zanu-PF Central Committee and a veteran of Zimbabwe's liberation struggle, has re-emerged, igniting the political landscape with a barrage of serious allegations directed at prominent government figures. This resurgence comes after a period of silence during which authorities sought to apprehend him, accusing him of inciting violence and challenging the president's authority. In an eye-opening video titled Bombshell, Geza urged citizens to rise up, demanding accountability and a…

The tapestry of violence in Northern Nigeria has been woven over years, marked by threads of despair and turmoil. The infamous Boko Haram, a militant group that seeks to impose its strict interpretation of Islamic law, has terrorized communities with their relentless campaign. Alongside them, a persistent strife rages between predominantly Muslim Fulani herdsmen and largely Christian farming communities. This volatile clash, driven by factors ranging from land disputes to ethnic tensions, has contributed to the tragic loss…

In a bold move that sends ripples through Nigeria’s political landscape, President Bola Tinubu has officially declared a state of emergency in the oil-rich Rivers State. The declaration comes hand-in-hand with the suspension of Governor Siminalayi Fubara, Deputy Governor Ngozi Odu, and all elected representatives of the State House of Assembly. This decision stems from a burgeoning political crisis and alarming acts of vandalism against vital pipeline infrastructure. As the sun began to set over the lush landscapes of…

For centuries, the story of the West African kingdom of Kaabu has resonated through the rich tapestry of oral traditions. Flourishing from the mid-1500s until the 1800s, this influential kingdom encompassed areas that today correspond to parts of Guinea-Bissau, Senegal, and the Gambia. Yet, how do we capture the essence of a place when words are rooted in the past, whispered from one generation to the next? The answer lies in the griots—those remarkable oral historians who were the storytellers of their time, singing praises…

The M23 militia has publicly declared its decision to withdraw from negotiations with the Democratic Republic of Congo’s government. This move, they assert, is a direct consequence of European Union sanctions imposed on Rwandan officials earlier that same day, which the militia claims have compromised the integrity of the dialogue. It’s noteworthy how this situation has unfolded. For nearly a decade, the prospect of direct talks between the M23 fighters and the government was nothing more than a distant dream—something…

As the dawn of 2024 approached, a significant legislative move unfolded in The Gambia. The National Assembly took a historic step, passing a bill aimed at establishing a specialized tribunal dedicated to prosecuting human rights violations attributed to the tumultuous reign of former president Yahya Jammeh. This decision, though monumental in its moral implications, was further galvanized in December when the Economic Community of West African States (ECOWAS) announced its commitment to assist The Gambia in creating this…