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Oil prices surge as Iran vows to attack ships in Strait of Hormuz

Africanews EN • 03 Mar 2026, 08:38

The closure of the sea passage threatens to choke what is the world’s most vital oil and gas route, accounting for a fifth of global flows.

The closure of the sea passage threatens to choke what is the world’s most vital oil and gas route, accounting for a fifth of global flows.

Safaricom's Ziidi smashes records on Nairobi exchange

African Business • 03 Mar 2026, 07:59

Tom Minney presents his quarterly roundup of African capital markets.

Tom Minney presents his quarterly roundup of African capital markets.

United States imposes sanctions on Rwanda military over fighting in DR Congo

Africanews EN • 03 Mar 2026, 07:28

It says its actions in the eastern DRC are sabotaging President Donald Trump's peace deal between Kigali and Kinshasa.

It says its actions in the eastern DRC are sabotaging President Donald Trump's peace deal between Kigali and Kinshasa.

Zimbabwe releases over 4,000 prisoners under presidential amnesty

Africanews EN • 03 Mar 2026, 06:19

The justice minister says the amnesty focuses on vulnerable groups and those who have demonstrated significant progress in their rehabilitation.

The justice minister says the amnesty focuses on vulnerable groups and those who have demonstrated significant progress in their rehabilitation.

China’s trade bureau set to partner West Africa IMT summit

Vanguard Nigeria • 03 Mar 2026, 06:18

The Trade Development Bureau of China’s Ministry of Commerce (TDB) has been confirmed as a Strategic Country Partner (China) for the West Africa Industrialisation, Manufacturing a…

The Trade Development Bureau of China’s Ministry of Commerce (TDB) has been confirmed as a Strategic Country Partner (China) for the West Africa Industrialisation, Manufacturing and Trade (West Africa IMT) Summit and Exhibition 2026. This, according to organisers, reinforces a growing shift in Nigeria-China economic relations from expanding trade volumes to anchoring industrial production and long-term […] The post China’s trade bureau set to partner West Africa IMT summit appeared first on Vanguard News.

MAN lauds UNIDO’s move to reposition Nigeria’s manufacturing sector

Vanguard Nigeria • 03 Mar 2026, 06:12

The Manufacturers Association of Nigeria (MAN) has commended the United Nations IndustrialDevelopment Organisation (UNIDO) for its efforts aimed at repositioning the manufacturing…

The Manufacturers Association of Nigeria (MAN) has commended the United Nations IndustrialDevelopment Organisation (UNIDO) for its efforts aimed at repositioning the manufacturing sector in Nigeria for sustained growth by adopting global best practices and methodologies. Director, Research and Economic Policy Division, MAN, Dr. Oluwasegun Osidipe, gave the commendation at the ‘MAN National Stakeholders Sensitisation Workshop of […] The post MAN lauds UNIDO’s move to reposition Nigeria’s manufacturing sector appeared first on Vanguard News.

Manufacturing’s share of capital inflows shrinks to 2.76%

Vanguard Nigeria • 03 Mar 2026, 06:08

…Despite 132% surge in total importation By Yinka Kolawole Capital inflows into Nigeria’s manufacturing sector suffered a sharp decline in the first nine months of 2025 (9M&…

…Despite 132% surge in total importation By Yinka Kolawole Capital inflows into Nigeria’s manufacturing sector suffered a sharp decline in the first nine months of 2025 (9M’25), even as overall capital importation into the country recorded a huge surge, figures from the National Bureau of Statistics (NBS) have shown. According to the data, capital importation into the […] The post Manufacturing’s share of capital inflows shrinks to 2.76% appeared first on Vanguard News.

Depositors of defunct Heritage Bank appeal to Tinubu, CBN for bail out

Vanguard Nigeria • 03 Mar 2026, 06:02

By Florencemary Nwabueze Depositors of defunct Heritage Bank whose money were trapped in the bank have appealed to President Bola Tinubu and the Central Bank Governor, Olayemi Car…

By Florencemary Nwabueze Depositors of defunct Heritage Bank whose money were trapped in the bank have appealed to President Bola Tinubu and the Central Bank Governor, Olayemi Cardoso, to ensure a swift and full reimbursement of all depositors affected by the liquidation of the bank. They also called for immediate bailout funds to the Nigeria Deposit […] The post Depositors of defunct Heritage Bank appeal to Tinubu, CBN for bail out appeared first on Vanguard News.

Nigeria’s Net External Reserves rises 50.5% to $34.8bn- Cardoso

Vanguard Nigeria • 03 Mar 2026, 05:50

By Babajide Komolafe The Governor of  the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has disclosed that the nation’s Net External Reserves rose 50.5 per cent, year-on-year…

By Babajide Komolafe The Governor of  the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has disclosed that the nation’s Net External Reserves rose 50.5 per cent, year-on-year, to $34.8 billion in 2025 from $23.11 billion in 2024.   In a statement from the apex bank, Cardoso said that the growth in external reserves reflects stronger external […] The post Nigeria’s Net External Reserves rises 50.5% to $34.8bn- Cardoso appeared first on Vanguard News.

FG begins implementation of Executive Order on oil, gas revenues

Vanguard Nigeria • 03 Mar 2026, 05:47

By Emma Ujah, Abuja Bureau Chief The Federal Government, FG, has commenced implementation of the Oil and Gas Revenues Executive Order 09. The Minister of Finance and Coordinating …

By Emma Ujah, Abuja Bureau Chief The Federal Government, FG, has commenced implementation of the Oil and Gas Revenues Executive Order 09. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, disclosing this in a statement yesterday said a Technical Committee has been set up to ensure payment of the affected revenues into […] The post FG begins implementation of Executive Order on oil, gas revenues appeared first on Vanguard News.

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