Goddy Ikeh
In a historic and sweeping policy overhaul, the Ghanaian Parliament yesterday approved a series of transformative tax amendment bills aimed at enhancing revenue efficiency, easing financial burdens, and realigning key government funds to drive national development.
The United Nations Economic Commission for Africa (ECA), in collaboration with the International Organization of La Francophonie, (OIF), UNESCO, the Group of Francophone Ambassadors, and diplomatic missions in Addis Ababa, celebrated French Language Day at a vibrant event dedicated to multilingualism, cultural exchange, and the power of language in shaping Africa’s future.
The price of OPEC basket of 12 crudes stood at $75.96 a barrel on Wednesday, March 26, 2025, compared with $75.74 the previous day, according to OPEC Secretariat calculations.
The Economic Report on Africa (ERA) of the Economic Commission for Africa (ECA) says that Africa’s growth is expected to gradually recover to 3.8% in 2025 and 4.1% in 2026 on the back of increased private consumption and improved trade performance.
The Republic of Congo has unveiled plans to double its power generation capacity to 1,500 MW by 2030, with a strong focus on renewable energy projects.
Ghana is strengthening its collaboration with international partners to enhance its small-scale gold mining (ASGM) sector and the broader gold value chain for socioeconomic development.
The rehabilitated state-run Port Harcourt Refinery in Nigeria has achieved the non-stop operations for 180 days.
The Nigeria Customs Service (NCS) has announced a two-year exemption from import duty and Value Added Tax (VAT) for critical raw materials essential for the production of pharmaceuticals.
The World Bank has expressed concern over Nigeria’s poor statistical performance, noting that the country is lagging behind its aspirational peers such as Mexico, Colombia, South Africa and Brazil.
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso says that the CBN apex bank is making steady progress in stabilising the foreign exchange market and tackling inflation.