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Naira closes week stronger at N1,534.72/$ 

CBN’s new diaspora remittance rules to open market

  • 27th March 2026

Middle East conflict threatens Nigeria’s economy – Cardoso

  • 27th March 2026

FG launches major reform to revamp Nigeria’s cooperative

  • 27th March 2026

Tinubu expands CNG initiative to include electric vehicles

  • 27th March 2026

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Naira closes week stronger at N1,534.72/$ 

CBN’s new diaspora remittance rules to open market

Business

Middle East conflict threatens Nigeria’s economy – Cardoso

Business

NNPCL targets 600tn cubic feet gas reserves expansion

Oil and Gas
Elon Musk’s xAI secures $10bn in funding to expand AI

Dutch court orders Musk’s xAI to halt sexualised image

Tech

Tag: South Africa

Oil and Gas

S’Africa, others turn to Dangote Refinery amid Iran war

Several African countries, including South Africa, have approached the Dangote Petroleum Refinery to secure fuel supplies following disruptions linked to the ongoing conflict involving Iran, Bloomberg reports on Friday. Findings showed that the 650,000-barrels-per-day refinery owned by Nigerian billionaire Aliko Dangote has received multiple inquiries from governments seeking alternative fuel sources. South Africa is reportedly […]

Nigeria excluded as Trump hosts African leaders in Washington
Appointments

Trump’s envoy arrives S’Africa amid strained bilateral ties

A conservative media critic selected by United States President Donald Trump to serve as ambassador to South Africa has arrived in the country to assume his position, according to the US embassy announcement on Tuesday. Relations between Washington and Pretoria remain fractured due to disagreements on various international and domestic matters, including South Africa’s genocide […]

Business

Swiss banking giant Banque Pictet opens office in S’Africa

Swiss private banking group Banque Pictet has opened its first office in Africa. This development marks a significant expansion for the institution as the continent’s millionaire population is projected to rise sharply over the next decade. Banque Pictet is a 220-year-old private lender. It established a representative office in South Africa after securing approval from […]

EU to criminalize AI-generated porn images, deepfakes
Economy featured

Nigeria, South Africa delisted from EU high-risk countries

The European Union has removed Nigeria and South Africa from its list of High-Risk Third Country Jurisdictions, a development expected to significantly enhance financial transactions, trade and investment flows between the affected countries and the EU. South Africa’s National Treasury disclosed the development in a statement issued on Tuesday, noting that the decision was published […]

featured Life Style

Cookware CEO Paul van Zuydam becomes S’Africa’s latest billionaire

South Africa has welcomed a new entrant into the billionaire class with the emergence of industrialist Paul van Zuydam as a dollar-denominated billionaire. The 87-year-old owner of French cookware giant Le Creuset has joined the Forbes Real-Time Billionaire Index with an estimated net worth of $1.7 billion, becoming South Africa’s eighth dollar billionaire. Van Zuydam’s […]

News

S’African exporters shift focus to Africa amid US tariffs

South African agricultural exporters are expecting higher United States tariffs to persist as the diplomatic rift between Pretoria and Washington continues. In response, these exporters are actively seeking alternative markets on the African continent. Danie Dörfling, the head of business development at Moore Infinity, informed Business Times that liberalized trade policies could boost intra-Africa trade […]

Opinion

G20 risks collapse amid US-South Africa rift, analysts warn

Geopolitical analysts have issued a warning that the G20 may fracture into rival blocs as diplomatic tensions between the United States and South Africa reach their highest point in years. These concerns arose following Washington’s decision to exclude South Africa, an existing full member, from the 2026 G20 Summit, choosing instead to extend an invitation […]

S.Africa signs wind energy deal to ease power outages
Conferences featured

Ramaphosa rejects handing over G20 presidency to US without Trump’s presence

South Africa President Cyril Ramaphosa will not hand the next presidency of the G20 to a US embassy representative after President Donald Trump refused to attend this weekend’s summit, the South African government said Saturday. The Trump administration has boycotted the Johannesburg meeting that wraps up on Sunday and said it would send the charge […]

Conferences featured

Shettima departs Abuja to represent Tinubu at G20 summit in S’Africa

Vice President Kashim Shettima on Friday departed Abuja to represent President Bola Tinubu at the G20 Leaders’ Summit scheduled to hold in Johannesburg, South Africa. This travel follows a postponement of President Tinubu’s earlier planned trip to Johannesburg, South Africa, due to the need to await further security briefings on the recent security incidents in […]

Seven banks paid N392.53bn in taxes in first half of 2024
featured News

South Africa to tax social media influencers

The South African Revenue Service has announced that social media influencers are now included in its taxpayer segmentation model, emphasising the need for compliance with tax regulations. The agency clarified that all forms of income, whether received as cash, products, services, or travel perks, must be declared. Influencers are encouraged to report earnings from brand […]

South African auto industry suffers closures, 4,000 jobs lost
News

South African auto industry suffers closures, 4,000 jobs lost

Low domestic sales, an influx of imported vehicles, and stagnant local content levels have forced 12 company closures and cost more than 4,000 jobs in South Africa’s motor industry over the past two years, Trade Minister Parks Tau said on Wednesday. Speaking at an auto parts conference, Tau noted that South Africa produced 515,850 vehicles […]

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