Breaking news and insights at nigerianewsservice.com
Nigeria’s inflation rate fell to 23.2% in February 2025 from 24.1% in January. This is attributed to the first revision of the consumer price index in 16 years, changing the …
Nigeria’s Inflation Rate Declines to 23.2% in February 2025 Read More
Nigeria’s inflation rate fell to 23.18% in February from 24.48% in January, after the National Bureau of Statistics rebased the Consumer Price Index. Following President Tinubu’s measures last year, inflation …
Nigeria’s Inflation Rate Declines to 23.18% Year-on-Year in February Read More
Oriole Resources has completed phase five drilling at the Bibemi gold project in Cameroon, unveiling promising results that may allow for an expansion and upgrade of the mineral resource estimate. …
Positive Gold Results from Oriole Resources’ Bibemi Project in Cameroon Read More
Brazilian soybean forecasts predict a 2024-25 crop of 167.37 million tons, 1.3 million tons more than previously expected. Exports are expected to surpass 105 million tons, driven by rising Chinese …
Brazil Predicts Increased Soybean Crop for 2024-25 Season Read More
The MTN Group has reported a decline in revenue, attributed to economic challenges in Nigeria and the conflict in Sudan. Service revenue fell by 15.4%, although there was growth in …
MTN Group Reports Revenue Decline Amidst Economic Challenges in Nigeria and Sudan Read More
MTN’s annual headline earnings per share fell to 98 cents due to Nigeria’s naira devaluation, resulting in a pretax loss of ₦550.3 billion. The group’s total service revenue decreased by …
MTN Group’s Profit Decline Due to Currency Challenges in Nigeria Read More
Kenya is set to negotiate a new lending agreement with the IMF after halting the current review due to economic strain from high debt-servicing costs. A formal request has been …
Kenya Initiates New IMF Negotiations Amid Economic Struggles Read More
A report from the Association of Kenyan Insurers (AKI) indicates that Toyota vehicles are the most stolen in Kenya, accounting for 54.91% of thefts in 2024. Overall vehicle thefts decreased …
Toyota Vehicles Top Theft List in Kenya: AKI Report Reveals Trends Read More
MTN Group reported a 68% decline in headline earnings per share, primarily due to currency devaluation in Nigeria and conflict in Sudan. Despite a 15.4% drop in service revenue to …
MTN Group Reports Earnings Decline Amid Currency Devaluation and Conflict Read More
The 2022 GEITI report reveals that oil revenues accounted for 85% of total extractive revenues but highlighted significant unreconciled discrepancies between reported amounts. Additionally, concerns about audits of various government …
2022 Guyana EITI Report Highlights Revenue Discrepancies and Audit Delays Read More