Nigeria’s current inflation rate registered a decline for the year, contrary to projections of an increase, as reported by the country’s bureau of statistics. The National Bureau of Statistics (NBS) reported a slight increase in Nigeria’s inflation rate in December 2025, now at 15.15%, following a revised computation method. Previously projected to rise significantly, the…
An American financial technology company, PayServices, has filed a lawsuit in a United States federal court against the Democratic Republic of Congo (DRC) and several senior government officials over a collapsed project to modernise the country’s banking and payments infrastructure. PayServices has filed a lawsuit in a U.S. court against the DRC over a failed…
The United States has authorised $413 million in funding for counter-insurgency and security operations in Nigeria and other parts of West Africa in the 2026 fiscal year, according to details of the new National Defence Authorisation Act signed into law in December 2025. The United States has approved $413 million for counter-insurgency and security operations…
A rare blue diamond weighing almost 42 carats has been unearthed in South Africa’s historic Cullinan Mine, with industry experts suggesting it could fetch in the region of $40 million at auction. A rare blue diamond weighing nearly 42 carats has been discovered at South Africa’s Cullinan Mine. Experts say the stone could fetch up…
South Africa’s legal tobacco industry is reaching a critical juncture as illicit cigarettes increasingly dominate the market, forcing one of the country’s oldest multinationals to close its only manufacturing plant. The illegal market has surged following the COVID-19 lockdown tobacco sales ban, creating entrenched illegal trade networks and significant tax revenue losses. Approximately 75% of…
Africa’s top gold producer, Ghana is reshaping its mining landscape as soaring global gold prices trigger a shake-up in long-term contracts. Ghana, Africa’s leading gold producer, is overhauling its mining policies in response to surging global gold prices. The government has annulled long-term mining agreements and increased gold royalties to capture higher revenues. Proposed reforms…
MTN has emerged as Nigeria’s best-performing mobile network in 2025, outperforming Airtel and Globacom across key indicators, including download and upload speeds, latency, browsing, and video streaming, according to a new report by global network testing platform nPerf. MTN has been ranked Nigeria’s best-performing mobile network in 2025 by global testing platform nPerf. The telco…
Coal India is stepping up efforts to secure access to rare earth minerals, scouting partnerships across Australia, Russia, Argentina, Chile, and several African countries as India moves to cut its exposure to China-dominated supply chains. Coal India is scouting rare earth partnerships across Africa, Australia, and Russia amid tighter Chinese export controls. The move signals…
The Democratic Republic of Congo is set to provide the United States with a catalogue of priority mining projects for potential investment by American companies. The Democratic Republic of Congo (DRC) has committed to presenting a prioritised list of mining projects to the United States for potential investments. This initiative stems from a strategic minerals…
