Uganda’s export earnings soared to $1.5 billion in October, nearly double the same month last year, according to official data. The surge reflects strong receipts from key commodities. Coffee, Uganda’s cornerstone export and top source of foreign exchange, benefited from elevated global prices. As Africa’s leading coffee exporter in 2025, Uganda earned a record $2.4 …
The Democratic Republic of Congo (DRC) and the United States have signed a high-profile agreement on critical minerals. The deal promises economic transformation and secure access to cobalt and other key resources. At the heart of the agreement is the Strategic Mineral Reserve (SMR). It is designed to ensure a stable supply of critical minerals, …
The number of Americans filing new applications for unemployment benefits fell last week, reversing the prior week’s surge. The Labour Department reported 224,000 initial claims for the week ending December 13, a decline of 13,000 from the previous week. Economists had expected 225,000 claims. Claims data have fluctuated in recent weeks due to seasonal adjustments …
The Inter-Party Advisory Council (IPAC) in Ebonyi State has raised concerns over the abandonment of several government projects across the state, calling on Governor Francis Nwifuru to compel defaulting contractors to return to the site or have their contracts terminated and public funds recovered. The State Chairman of IPAC, Comrade Nasir Ernest Nwaze, disclosed this …
The Federal Capital Territory High Court in Gwarinpa, Abuja, on Thursday ordered that former Minister of Labour and Employment Chris Ngige continue to enjoy the administrative bail previously granted to him by the Economic and Financial Crimes Commission (EFCC). The ruling was delivered by Justice Maryam Hassan following a bail application filed on behalf of …
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has revealed plans to launch a microfinance bank and wants the Central Bank of Nigeria (CBN) to grant it an operating licence. Director-General of SMEDAN, Charles Odii, disclosed this during a media parley in Abuja on Wednesday, while unveiling the agency’s five-point agenda for 2026. …
The Federal Capital Territory (FCT) High Court has dismissed the bail application of former Attorney-General of the Federation and Minister of Justice Abubakar Malami, who had sought release from the custody of the Economic and Financial Crimes Commission (EFCC). In his ruling on Thursday, Justice Babangida Hassan stated that Malami’s detention is lawful and supported …
The Nigerian Senate has approved a total of 64 nominees for both career and non-career ambassadorial positions following a review of a report submitted by its Committee on Foreign Affairs. The approval came after the committee’s findings were presented by its chairman, Senator Sani Bello, and subsequently adopted by lawmakers during plenary. Zamfara State Representation …
The African Development Bank (AfDB) Group has secured a record $11 billion from 43 partners for its 17th Replenishment (ADF-17). The fund secured by its concessional financing arm, the African Development Fund (ADF), marks the largest funding round in its history despite tight global fiscal conditions and shrinking aid budgets. According to a statement by …
Governor Sim Fubara of Rivers State has stated that he was never formally a member of the Peoples Democratic Party (PDP) and blamed the party for the majority of the political crises he experienced. Fubara made the remarks while speaking to journalists on Wednesday night after visiting the All Progressives Congress (APC) National Secretariat in …
