Economy

Economy

Economics and Sociology

African Union to Launch Credit Rating Agency in October

African Union to Launch Credit Rating Agency in October

Africa-Press - Nigeria. A...
Is Chevron Reshaping its Investment Strategy in Africa?

Is Chevron Reshaping its Investment Strategy in Africa?

Africa-Press - Nigeria. The American oil company Chevron announced a new oil discovery off the coast of Angola, considering it a step...
EU Law Unsettles West African Cocoa Farmers

EU Law Unsettles West African Cocoa Farmers

Africa-Press - Nigeria. In his farm in Akure, southwestern Nigeria, smallholder farmer Ojo Ayaninola hesitated before allowing exporters to map his farm...
Accra Nuclear Summit: Africa Faces Funding Challenges

Accra Nuclear Summit: Africa Faces Funding Challenges

Africa-Press - Nigeria. The African American Nuclear Energy Summit, which began on Wednesday in Accra, the capital of Ghana, places human resources...
Türkiye, Nigeria Eye Shipbuilding Partnership

Türkiye, Nigeria Eye Shipbuilding Partnership

Africa-Press - Nigeria. Turkey and Nigeria are moving towards enhancing cooperation in the shipbuilding industry through joint production and technology transfer, as...
Strait of Hormuz Disrupts Africa'S Economy

Strait of Hormuz Disrupts Africa’S Economy

Africa-Press - Nigeria. The repercussions of disruptions in global supply chains and the closure of vital maritime corridors, alongside rising security and...
China-Africa Trade Hits Record High

China-Africa Trade Hits Record High

Africa-Press - Nigeria. China announced that its trade with Africa reached a record level in the first half of 2026, attributing this...
ECOWAS Plans Single Currency by 2027

ECOWAS Plans Single Currency by 2027

Africa-Press - Nigeria. The Economic Community of West African States (ECOWAS) has reaffirmed its commitment to launching its unified currency "ECO" by...
Africa Owes IMF $38.6 Billion

Africa Owes IMF $38.6 Billion

Africa-Press - Nigeria. The total debt of African countries to the International Monetary Fund amounts to $38.6 billion, representing 31.5% of total...
Electricity: Blackout hits six Nigerian states

Electricity: Blackout hits six Nigerian states

Africa-Press - Nigeria. Six states in northern Nigeria will experience blackout on Saturday and Sunday. The states are Bauchi, Gombe, Yobe (Damaturu), Borno (Maiduguri), Adamawa...