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Daunting challenges facing Angola’s new president

Angola's incoming president Joao Lourenco faces a slew of challenges that include dwindling oil prices, rampant poverty, soaring unemployment and the long shadow cast by his predecessor and his family.

Greece leaves EU’s deficit sin bin

The EU turned a page on the eurozone debt crisis Monday as it formally removed Greece from its excessive deficit procedure, the bloc's penalty box for overspending by member states.

Nigeria demands reform of IMF, World Bank

Nigeria has demanded the reform of the Bretton Wood Institutions to make them responsive to the needs of developing countries and also reflect the realities of the 21st century.

IMF to help countries deal with Hurricane Irma aftermath

Ms Christine Lagarde, Managing Director of the International Monetary Fund (IMF), has expressed sympathy to countries affected by Hurricane Irma.

NBS to confirm Nigeria’s exit from recession Tuesday

The much awaited confirmation from National Bureau of Statistics (NBS) on whether or not Nigeria has finally exited its longest recession since 1987 will now be released on Tuesday.

Egypt’s first bitcoin exchange to begin trading this month

Egypt’s first bitcoin exchange will go live later this month, the founders of Bitcoin Egypt said.

Informal economy not enough to handle Africa’s workforce explosion – IMF

Unemployment in Nigeria, sub-Saharan Africa’s largest economy, is running at more than 14 percent and climbing; in South Africa, the second largest economy, it is over 27 percent. For youth in both places, it is far more.

Nigeria’s creditworthiness improved with stronger economic outlook – UBS

UBS Wealth Management’s Chief Investment Office (CIO) has launched a new report on Africa’s sovereign credit prospects, an important benchmark used to evaluate the risk of investing in a country.

Fast-track manufacturing sector growth – expert tells govt

A financial expert, Prof. Sheriffdeen Tella, has urged the Federal Government to fast-track the growth of the manufacturing sector through the provision of infrastructure and the provision of credit.

Congo fights ratings downgrades as IMF reports hidden debts

Congo Republic’s debt is higher than was reported during an IMF mission in March to discuss a possible programme, as Congo authorities did not fully disclose their debt situation until June, a fund spokesman said on Friday.

Egypt raises transportation fares by 50 per cent

Egypt's official state news agency reports that the governor of the Egyptian capital has announced a 50% increase in transportation fares, a day after the government increased fees for drinking water and sewage.

Somaliland parliament speaker resigns to vie for presidency

Speaker of parliament for self-declared state of Somaliland has resigned on Wednesday to vie for the presidency ahead of the autonomous region’s election in November.

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Oil prices rise on OPEC deficit forecast

Oil prices rose on Thursday, recouping some of the previous session’s losses after OPEC forecast a supply deficit next year and the U.S. Federal Reserve said the economic outlook was favorable.
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Porsche gets 30,000 down payments for new electric car

Some 30,000 drivers have made down payments for Porsche’s first electric car, according to the high-end automaker’s chief executive.
World heavyweight boxing champion Anthony Joshua has expressed appreciation to the Consul General of Nigeria in New York, Mr Benaoyagha Okoyen, for psyching him up to reclaim his titles.

Anthony Joshua thanks Nigerian envoy for inspiring him

World heavyweight boxing champion Anthony Joshua has expressed appreciation to the Consul General of Nigeria in New York, Mr Benaoyagha Okoyen, for psyching him up to reclaim his titles.
Nigerian striker Rinsola Babajide was the heroine for Liverpool Ladies in their Women Super League Cup 3-1 win over Durham FC at Prenton Park.

Rinsola Babajide’s brace sends Liverpool to next round of English Super Cup

Nigerian striker Rinsola Babajide was the heroine for Liverpool Ladies in their Women Super League Cup 3-1 win over Durham FC at Prenton Park.
Rivers State Governor, Nyesom Ezenwo Wike addressing the meeting with Kalabari Ethnic Nationality at the Government House Port Harcourt on Wednesday.

Rivers governor threatens to sack traditional ruler over ‘romance’ with Bayelsa governor

Rivers Governor Nyesom Wike has called on on leaders of Kalabari ethnic group inn the State to prevail on the Amanyanabo of Kalabari, King Theophilus J.T. Princewill, not to allow himself to be used by external forces to create disunity in the State.