Tag: Business News
Business Africa
Nigeria’s Net Foreign Reserves Soar 772% to $34.8 Billion, Exceed Entire 2023 Gross Stock
Nigeria’s net foreign exchange reserves surged by 772 percent, reaching $34.8 billion at the end of 2025, far surpassing the country’s entire gross reserves at...
Business Africa
Nedbank’s Annual Profit Edges Higher on Lower Impairment Charges
Nedbank Group reported a 2 percent rise in full-year headline earnings for the year ended December 31, 2025, supported by a decline in impairment...
Business Africa
Egypt’s Net Foreign Assets Hit Record $29.5 Billion in January
Egypt’s net foreign assets rose to a record $29.54 billion in January 2026, underscoring continued improvement in the country’s external position, according to data...
Business Africa
Uganda’s Central Bank to Launch Domestic Gold-Buying Programme This Month
Uganda will begin purchasing gold from domestic producers this month under a new reserves diversification strategy, as highlighted by MarketScreener. The initiative marks the...
Business Africa
Rio Tinto Approves Restart of $473 Million Mineral Sands Project in South Africa
Rio Tinto has approved the restart of the $473 million Zulti South mineral sands project in South Africa, bringing an end to a six-year...
Business Africa
Nigeria Divides OPL 245 Into Four Blocks Under New Deal With Eni and Shell
Nigeria has agreed to split the long-contested OPL 245 oilfield into four separate blocks under a new arrangement involving Eni and Shell, Reuters reported....
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