LAGOS – The retail price of petrol in Nigeria has dropped to 860 naira (US$0.57) per litre, as a major local refinery drives down prices in a country long forced to import its fuel. The 650 000 barrel-per-day capacity Dangote Refinery cut depot prices twice in February, helping knock down costs from a five-month high...
KEETMANSHOOP – South Africa was Namibia’s largest export destination in January 2025, with a share of 22.8% of all goods exported.This is according to the Namibia International Merchandise Trade Statistics Bulletin released on Tuesday by the Namibia Statistics Agency (NSA). The bulletin also showed that the United States of America was Namibia’s second-largest export destination,...
The central bank aims to introduce an entirely new Namibian currency series from June 2025, to replace the current banknote series which has been in circulation since 2012 and the coins that have never been upgraded since their first issuance in 1993. The new series is expected to incorporate the latest security features while ensuring...
The European Union (EU) Delegation in Namibia, in collaboration with the Ministry of Industrialisation and Trade and the Namibian Standards Institution (NSI), officially handed over advanced laboratory equipment worth €695 670.This was given to the NSI last month at a ceremony held at the NSI Testing and Inspection Centre in Walvis Bay.Governor of Erongo Neville...
President Nangolo Mbumba has formally unveiled the commemorative Hage Geingob N$60 note. The new note is legal tender alongside the existing currency. The new banknote will only be printed once-off, designating it as a collector’s item. The central bank plans to release an entirely new range of Namibian currencies in June this year. Johannes !Gawagab,...
WASHINGTON – Mounting trade wars between the United States and its largest economic partners deepened yesterday as US tariffs on Canada, Mexico and China kicked in, sparking swift retaliation from Beijing and Ottawa. Stinging US tariffs on Canadian and Mexican goods came into effect as a deadline to avert President Donald Trump’s levies passed without...
Rudolf Gaiseb The Ministry of Mines and Energy has announced an increase in the prices of petrol and both diesel variants by 50 cents per litre, effective today. In Walvis Bay, the new prices will be N$21.17 per litre for petrol, N$21.42 per litre for diesel 50ppm, and N$21.52 per litre for diesel 10ppm. “Fuel...
RUNDU – Rundu could face a return to a water rationing if its outstanding debt of over N$300 million to the Namibia Water Corporation (NamWater) is not settled, or if remedial suggestions are not provided by 28 February 2025. NamWater CEO Abraham Nehemia, stated this in a letter seen by Nampa and addressed to the...
WALVIS BAY – The long-awaited report on alleged illegal mining in Daures constituency’s Uis area, has laid bear a myriad of shortcomings and irregularities. Chief among them is lack of consultation, environmental damage, and unfair exclusion of small-scale miners. The report, released on Monday, also revealed that Xinfeng Investment (Pty) Ltd and Long Fire Investment (Pty)...
LONDON – The UK’s data protection watchdog yesterday announced investigations into three social media networks, including TikTok and Reddit, over their use of children’s personal data. Growing concerns that young people could be sent inappropriate or harmful content from social media apps prompted the probes, the Information Commissioner’s Office (ICO) said in a statement. “The...