Business
Ghanaian President Approves Visa-Free Entry for All African Nationals
President Nana Addo Dankwa Akufo-Addo of Ghana has approved a policy granting visa-free entry to all African nationals, fulfilling a key promise made earlier this year.
This policy, set to take effect before January 6th, 2025, positions Ghana alongside countries like Rwanda, Seychelles, The Gambia, and Benin in offering visa-free access to African passport holders.
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NGX Extends Trading Hours to 4pm to Boost Market Liquidity
The Nigerian Exchange Limited has announced an extension of its daily trading hours to 4:00 p.m., in a move aimed at enhancing liquidity and deepening investor participation in the capital market. The change, disclosed in a statement, will take effect from April 27, 2026, following approval from the Securities and Exchange Commission. Under the revised…
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Airlines threaten shutdown, marketers say fuel prices overstated
By: Amarachi Okonkwo The Major Energies Marketers Association of Nigeria (MEMAN) has pushed back against claims that aviation fuel is selling for as high as N3,300 per litre, urging airline operators to explore alternative suppliers while attributing recent price pressures to global supply disruptions and rising logistics costs. The position comes amid escalating tensions between…
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Afreximbank profit hits $1.15bn as assets soar to N56.7tn
By: Amarachi Okonkwo The African Export-Import Bank has delivered a strong financial performance for the 2025 fiscal year, posting significant profit growth and an expanded balance sheet as it deepened support for trade financing across Africa and the Caribbean. The multilateral lender recorded a net profit of $1.15bn (about N1.5tn), marking an 18 per cent…
The initiative aims to foster greater economic integration and ease the movement of people, goods, and services across the continent.
It is aligned with the goals of the African Continental Free Trade Area (AfCFTA) to promote intra-African trade and economic cooperation.