World Bank suspends lending to Uganda over anti-LGBTQ law
The World Bank says it is suspending financial assistance to the Ugandan government after the African nation approved a stringent anti-homosexuality law.
The decision comes...
S&P upgrades Nigeria outlook from ‘negative’ to ‘stable’ on reforms
S&P Global Ratings revised its outlook on Nigeria to stable from negative on Friday, citing the government's recent reforms. The agency affirmed Nigeria's credit rating...
Naira down to record low on black market
The Nigerian naira plummeted to an all-time low on the black market on Friday, driven by a surge in demand for dollars from people...
GSK, maker of Ampiclox and Panadol, closes business in Nigeria
GlaxoSmithKline (GSK) Nigeria has announced its intention to cease operations, citing its consideration of transitioning to a third-party distribution model for its pharmaceuticals and...
Nigeria, Vietnam drag Heineken’s global beer volume down by 2.8%
Heineken NV posted a 6.3% revenue growth in the first half of the year over the same period last year, recording €17.44 billion in revenue.
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