There are 161 currencies in use around the world but just 6 of them dominate the foreign currency exchange market. Here's why ...

Says private sector shrinking•Lists massive running costs, deficit financing, loans, wobbling Naira as high hurdles•‘You ...

(Bloomberg) -- Nigeria has officially joined the BRICS group of emerging-market powers. BRICS, which stands for Brazil, ...

One year after a sharp drop against the dollar, the naira is currently going through an uncommon period of stability, and ...

In a bold step to address Africa’s persistent energy crisis, the World Bank Group and the African Development Bank Group will convene an Africa Energy Summit on January 27-28 to advance an ambitious ...

CMC Motors Group, one of the oldest dealers in motor vehicles in East Africa, has announced it is ceasing operations in ...

Manual Chang was convicted last year for his role in the so-called 'hidden debt' graft scandal that sparked an economic ...

The threat of economic sanctions against Brazil, Russia, India, China and South Africa (BRICS) member states and associates by President-elect, Donald Trump, comes amid controversies around what his ...

The executive board of the International Monetary Fund on Friday approved the second review of Ethiopia's current financing ...

Opposition politician Nelson Chamisa has slammed President Emmerson Mnangagwa's bid for a third term, describing it as "nonsense" that will only worsen Zimbabwe's problems.

The collapse of direct engagement between the ECOWAS countries and the AES countries is today the main problem for forward movement.