Canada’s annual inflation rate remained at 2.2% in November, unchanged from October, Statistics Canada reported on Monday. The steady rate was primarily driven by rising food prices, which increased at their fastest pace in more than two years. A year-on-year drop in gasoline and shelter costs partially offset the food price surge. November marked the …
The Trump administration has unveiled a campaign to hire 1,000 engineers for two-year stints in federal government roles, according to a government website on Monday. The initiative seeks professionals with expertise in software engineering, artificial intelligence, cybersecurity, and data analytics. Successful candidates will be placed in positions across various government agencies, with most roles located …
Nigeria’s headline inflation rate fell to 14.45 per cent in November 2025, down from 16.05 per cent in October, marking the lowest level in five years, the National Bureau of Statistics (NBS) reported on Monday. The November Consumer Price Index (CPI) data indicates a 1.6-percentage-point decline month-on-month, continuing a sustained downward trend that began in …
President of the Dangote Group, Aliko Dangote, has said the pump price of premium motor spirit (PMS), also known as petrol, will come down to N740 per litre at filling stations across the country. Dangote, who spoke during a media briefing in Lagos on Sunday, said the new price will take effect on Tuesday, December …
In the first three quarters of 2025, the Nigerian Exchange (NGX) has shown remarkable resilience, marked by an overall positive performance despite challenges posed by global economic uncertainties and local inflationary pressures. The NGX All-Share Index recorded a notable growth of 8.5% year-to-date, reflecting strong earnings reports from key sectors, including telecommunications, banking, and energy. …
As the festive season approaches, Dangote Refinery has announced another slash of its gantry price of Premium Motor Spirit (PMS), also known as petrol to ₦699. This reflects a ₦129 or 15.58 per cent reduction when compared to ₦828 per litre sold previously. In a statement, the refinery said the new price takes effect on …
Nigeria’s total merchandise trade surged to N38.9 trillion in Q3 2025, according to fresh data from the National Bureau of Statistics. This figure marks a significant milestone in the country’s post-pandemic economic recalibration and underscores the resilience of Africa’s largest economy amid ongoing structural reforms. The latest trade value represents an 8.71% increase from the …
PZ Cussons has announced that it is retaining its Africa business and setting out ambitious growth plans for it as part of a wider Group strategy balanced between developed and emerging markets. Recall that in April 2024, PZ Cussons had announced plans to conduct a strategic review of its Africa operations. As part of the …
As Africa’s political and regulatory dynamics continue to evolve, businesses and investors must strategically navigate the continent’s complexities to seize opportunities in 2026. From shifting governance to regulatory transitions, understanding the political landscape is crucial for success. According to Adjoa Adjei-Twum, President & CEO of EBII Group Corp, "Africa’s political environment remains central to investment …
The use of Compressed Natural Gas (CNG) as an alternative fuel is believed to be cost-effective and aligns with the global transition to clean energy agenda, but issues around conversion cost and availability of CNG have hindered the adoption in Nigeria. Nigeria holds the largest natural gas reserves in Africa and ninth in the world, …
