- Food prices rise under Bola Tinububy Samson Toromade on July 26, 2024 at 5:00 AM
When Bola Tinubu took over from Muhammadu Buhari as Nigeria's president in May 2023, he inherited food inflation as one of his biggest problems.
- Nigeria’s petrol imports from Malta soar 342% to $2.08 billion in 2023by Adekunle Agbetiloye on July 25, 2024 at 5:13 PM
Nigeria imported $2.8 billion worth of petroleum oils and oils obtained from bituminous minerals from Malta in 2023, marking a 342 per cent increase from $47.5 million in 2013.
- List of African countries categorized as lower-middle income countriesby Chinedu Okafor on July 25, 2024 at 3:30 PM
The classification of several African countries as lower-middle-income puts them in a distinct position globally. Although this classification denotes a step up from low-income status, it also has a unique mix of benefits and drawbacks that influence these countries' growth paths.
- Egypt increases fuel prices by 15% ahead of IMF reviewby Adekunle Agbetiloye on July 25, 2024 at 1:40 PM
Diesel, one of the most commonly used fuels, experienced the most significant increase, rising to 11.50 Egyptian pounds ($0.24) from 10 pounds.
- Top 10 African countries with the lowest cost of diesel in July 2024by Chinedu Okafor on July 25, 2024 at 1:35 PM
The rise in diesel costs affects a variety of businesses, including transportation, agriculture, and the total cost of living. This is especially true in countries that haven't explored alternative energy sources. However, a developing country with low diesel price has by extension provided some economic relief for its citizens.