By Gregory September The IMF’s 2026 global growth projections tell a story of seismic economic shifts – and one African nation’s quiet but consequential arrival. When...
By Juwon Akin-Olotu Africa’s agricultural economy does not need faster unicorns. It needs a fundamentally different animal. There is a particular kind of hubris that travels...
By Michele Moscaritoli Africa’s largest economy offers unmatched opportunity – but investors are waiting for the fog to clear. Nigeria should dominate every emerging-market investment ranking....
By John Kourkoutas A cartographic revelation exposes the fundamental flaw in how businesses approach the continent’s 1.4 billion consumers. For decades, multinational corporations and investors have...
By Fidel Amakye Owusu Most African nations inherited their juridical sovereignty from colonial administrations that dominated the continent from the mid-19th century. Their borders – drawn...
By Fidel Amakye Owusu The collapse of the G5 Sahel should serve as a wake-up call: African states cannot defeat violent extremism through fragmented, go-it-alone strategies....
By Godfred Zina When Washington intervened in Venezuela, the response from African capitals was swift and notably unified. Yet this wasn’t about taking sides in Latin...
By Gregory Simpkins US President Donald Trump often makes grandiose threats and statements without carrying them out. Several weeks ago, he warned of a military response...
By Gregory Simpkins As I have stated recently, the United States, which strode the world stage as a political and economic colossus after World War II,...
By Fidel Amakye Owusu Diplomacy, in its ideal form, is a subtle art of calibrated language and mutual respect. The recent exchange between Abuja and Washington...
By Des H Rikhotso In an era of global uncertainty, one financial flow remains remarkably resilient – remittances. Across Africa, these cross-border transfers from diaspora communities...
By Fidel Amakye Owusu When President Bola Ahmed Tinubu announced the sudden removal of Nigeria’s four top military commanders – including the Chief of Defence Staff...
By Gregory Simpkins Now that there is a peace accord signed in Gaza, attention to charges of genocide there are now giving way to examination of...
By Ryan Elcock Earlier this week, when I attended the Nigeria–Canada Trade and Investment Summit and Awards (NICATISA) 2025, my intention was simple: sit in the...
By Mary Alorh Two weeks ago on June 12, Nigeria – often called the Giant of Africa – celebrated Democracy Day with cautious optimism. Despite enduring...
By Fidel Amakye Owusu In mid-2023, when a coup unfolded in Niger, neighboring Nigeria expressed deep concern over the unfolding situation. As the most populous country...
Bloomberg | Nigeria’s imports of gasoline are on course for an eight-year low as the country’s new mega-refinery pushes out foreign suppliers, boosting the nation’s fuel...
By Mary Alorh African nations and other emerging economies are increasingly aligning with the BRICS bloc, recognizing its potential as a key driver of global economic...
Reuters | Nigeria needs to double economic growth within the next year or two from an annualized rate of 3.5 percent in the third quarter to...
Nigeria’s 650,000 barrels-per-day (bpd) Dangote Refinery is constructing eight additional oil storage tanks to address challenges with crude supply. These new tanks will increase the refinery’s...
By Danilo Desiderio As the new year begins, it is customary to examine growth estimates for various regions around the world in the months ahead. This...
By Fidel Amakye Owusu When the Bretton Woods institutions – the World Bank and the International Monetary Fund (IMF) – were established in the aftermath of...
AP | Nigeria has been admitted as a “partner country” of the BRICS bloc of developing economies, according to Brazil, the group’s chair. BRICS was formed...
By Jide Akinsemoyin A few weeks ago, I had to contact my UK credit card company by phone. The representative who handled my case introduced herself...
By Mary Alorh The recent visit of China’s foreign minister to Nigeria, the continent’s most populous country and a key trade partner, has reinforced the strong...
Festive seasons bring about merrymaking in various homes across the globe. They really provide an avenue for intercultural relations while showing the similarities that exist in...
By Godfred Zina Despite Africa’s economy rising to $2.8 trillion in 2024, there continue to be economic disparities among the 54 African countries, including South Sudan. With...
Reuters | Nigeria’s Dangote Refinery said on Wednesday it has made its first export of petrol to Cameroon, a milestone that could pave way for regional...
Nigeria’s Minister of Agriculture and Food Security, Abubakar Shaib Kyari, led a delegation to Zimbabwe to study its successful agricultural strategies, particularly those driving record-breaking wheat...
By Fidel Amakye Owusu In 2022, Gabon and Togo became the newest members of the Commonwealth of Nations, a voluntary association of countries originally established in...
The Dangote Group has inaugurated Africa’s largest tomato processing facility in northern Nigeria, a US$20 million initiative aimed at reducing the country’s dependence on imported tomatoes,...
By Danilo Desiderio All members of the World Trade Organization (WTO), including countries and customs territories, undergo periodic reviews of their trade policies. The frequency of...
Bloomberg | Nigeria’s economy grew faster than anticipated in the third quarter, buoyed by its services and oil sectors. Gross domestic product (GDP) expanded an annual...
Reuters | Nigeria’s state oil firm, NNPC Ltd has revealed that one of its subsidiaries has agreed to supply 100 million standard cubic feet of gas...
By Fidel Amakye Owusu In 2022, Mali unilaterally withdrew from the G5 Sahel after the military alliance raised concerns about the country’s internal affairs. This decision...
Bloomberg | Nigeria’s biggest bank is opening a new branch in Hong Kong in its first step of Asian expansion. The push into the Chinese territory...
Ghana is poised to begin sourcing petroleum products from Nigeria’s Dangote Refinery once it achieves full capacity, which would lessen its dependence on expensive imports from...
By Gregory Simpkins By the time this is posted on our website, there will be only days until the 2024 national elections in the United States....
Bloomberg | African billionaire Aliko Dangote is wealthier than ever now that his long-awaited Nigerian oil refinery is up and running. But his mood suggests a...
Bloomberg | Dangote oil refinery is due to take in up to 400,000 barrels a day of Nigerian crude over the coming two months as Africa’s...
Nigeria, Africa’s most populous nation, is set to begin importing milk and coffee from Uganda, marking a significant step forward for intra-African trade. This development follows...
The US$20 billion Lagos-based Dangote Refinery is set to begin supplying Premium Motor Spirit (petrol), marking a major shift for Nigeria as it reduces its dependence...
Bloomberg | Nigeria is considering allowing billionaire Aliko Dangote’s refinery to set the price of the gasoline it sells, people with knowledge of the matter said,...
Bloomberg | Nigeria’s giant new Dangote oil refinery is filling tanks with gasoline, a milestone for the African nation that’s been more than a decade in...
By Fidel Amakye Owusu The Global Terrorism Index, a comprehensive study evaluating the impact of terrorism in 163 countries, covers about 99.7 percent of the world’s...
Reuters | Nigeria’s economy grew 3.19 percent year on year in the second quarter of 2024, statistics agency data showed on Monday. The growth rate was...
Khalifa Aminu, an 18-year-old inventor, is making waves with a series of innovative creations. Aminu’s journey began in his childhood, inspired by movies that sparked his...
Reuters | Nigeria’s 650,000-barrel-per-day Dangote refinery is undergoing test runs for gasoline production, with full operation expected by mid-September, according to a note by industry monitor...
Bloomberg | In a finely balanced oil market, Nigeria has suddenly reemerged as a key player. During the past few weeks, actions by the country’s massive...
In the 1990s, Nigerian investor Hakeem Belo-Osagie took on the formidable task of acquiring a bankrupt government-owned bank. Through strategic leadership and an unwavering determination, he...
Bloomberg | Lagos-based FCMB Asset Management Ltd. is seeking to raise 100 billion naira (US$63 million) in Nigeria’s first private credit fund to support mid-sized firms...
By Fidel Amakye Owusu Years ago, I read a report highlighting how South Korea’s economy experienced significant growth through infrastructure development, contributing about 3 percent to...
Reuters | Nigeria’s government gave approval on Monday for state oil company NNPC Ltd to sell crude in the naira currency to the mega Dangote refinery...
By Nii Simmonds and Ayodele Okeowo The recent announcement of a partnership between the US Trade and Development Agency and Kenya to boost semiconductor manufacturing in...
Aliko Dangote, the Founder and Chairman of the Dangote Group, announced that the Nigerian National Petroleum Corporation (NNPC) Limited no longer holds a 20 percent stake...
The vision of Africa’s founding fathers to unite the continent in shared prosperity is coming to fruition as Nigeria prepares to launch Preferential Trade under the...
Bloomberg | Nigerian lawmakers are proposing a dramatic increase in the central bank’s power to use gold to shore up the nation’s reserves in defense of...
By Mary Alorh Earlier this year, we Ghanaians were informed of the ‘good news’ that the IMF had released the second tranche of US$600 million as...
Reuters | Nigeria has been chosen to host the newly formed Africa Energy Bank (AEB), its oil minister said on Thursday, as Africa’s top oil producer...
Nigeria and Cameroon have resolved to settle their long-standing border dispute without seeking further court rulings. Instead, they will validate a demarcation plan through joint delegations...
Afrilearn, Nigeria’s leading learning app, has created a buzz in the academic world with the introduction of its groundbreaking learn-and-earn platform. This innovative app has generated...
Reuters | Nigeria on Tuesday announced a ban on single-use plastics in government offices as a prelude to a nation-wide ban set to begin in January...
Bloomberg | Kenya is in talks with a unit of Nigeria-based Sahara Group Ltd., to co-build a 30,000-ton facility to handle and store liquefied petroleum gas,...
Aliko Dangote, has announced plans to venture into steel production, aiming to ensure that all steel used in West Africa is sourced from Nigeria. Dangote shared...
Reuters | Singapore, Asia’s oil hub, will be receiving this week its first low-sulphur straight-run fuel oil (LSSR) cargo exported from Nigeria’s new Dangote refinery, according...
Nigeria, has approved an airline’s proposal to operate direct commercial flights to Barbados. However, the timeline for the launch remains uncertain, according to a regional banking...
Bloomberg | Nigeria would see a boost to its economy equivalent to a quarter of the US$142.7 billion cumulative output benefit expected by 2030 for countries...
By Fidel Amakye Owusu It is widely known that many African presidents wield more power within their countries than a US president does in the United...
Nigeria, often referred to as the “Giant of Africa,” is rapidly emerging as a significant economic power on the global stage. With a burgeoning population, abundant...
African Business | Binance, the world’s largest cryptocurrency exchange, has found itself embroiled in legal battles in Nigeria, as Africa’s most populous nation seeks to clamp...
Bloomberg | E-retailer Jumia Technologies AG plans to focus on Nigeria, Africa’s most-populous nation, as part of a bid to turn profitable. The New York-listed e-commerce...
By Gregory Simpkins The South China Morning Post reported on March 29, 2024 that by 2050, it is projected that only a quarter of countries in...
Bloomberg | Nigeria is planning to set up a US$10 billion diaspora fund to attract investment from its citizens living abroad to support critical sectors including...
Nigerians hold food in high regard, allocating nearly 60 percent of their household income to it, ranking the country highest globally in this aspect, according to...
Amidst growing worries about the health of the US economy, Nigeria has made a notable move: opting to bring back its gold reserves from the United...
Nuclear energy presents itself as a consistent, low-carbon option for power generation, occupying less space compared to alternative clean energy ventures. However, the persisting challenge lies...
Reuters | Nigeria’s Dangote oil refinery started supplying petroleum products to the local market on Tuesday, a company executive and fuel marketing associations said, a major...
Kenya has emerged as a beacon of resilience in the face of a global funding downturn for emerging businesses, boasting a remarkable 17 percent surge in...
By Fidel Amakye Owusu During the 1960s, a series of successful coups swept through sub-Saharan Africa, often accompanied by military justifications. These explanations were seen as...
Lagos, Nigeria, is aiming to position itself as a key player in Africa’s gaming industry, eyeing a 30 percent share of the continent’s gaming market, which...
It seems like there’s a growing discourse around Nigeria’s potential membership in BRICS (Brazil, Russia, India, China, and South Africa), a coalition of emerging economies aimed...
Reuters | Africa’s richest man Aliko Dangote is planning to set up an oil trading arm, to help run crude and products supply for his new...
The collaboration between Nigerian-owned media company Kugali and Disney Animation has resulted in an innovative new animated series titled “Iwájú.” Set in futuristic Lagos, Nigeria, “Iwájú”...
Bloomberg | Access Holdings Plc, owner of Nigeria’s biggest bank by assets, appointed Bolaji Agbede as acting group chief executive officer after the death of Herbert...
Reuters | Shell Plc has made a final investment decision to build a gas supply facility in Nigeria to feed a fertilizer plant owned by Africa’s...
By Temitope O. Sogbanmu Two weeks into January 2024, Nigerian authorities took steps to curb environmental degradation caused by plastic pollution in the country. The Federal...
It is noteworthy that Aliko Dangote, the founder and CEO of the Dangote Group, has experienced a substantial increase in his net worth according to Bloomberg’s...
Reuters | Nigeria’s Dangote oil refinery has begun producing diesel and aviation fuel, the company said on Saturday, after years of construction delays at the 650,000...
Bloomberg | Africa faces economic headwinds this year, but some of the continent’s brightest sparks are shading it in a more hopeful light. Six of the...
By Fidel Amakye Owusu Last year – 2023 – was a busy one for Africa as far as elections were concerned. Multiple states in different geopolitical...
Bloomberg | Nigeria-based Riverside LNG said it’s in talks to supply gas to South Africa, in what would be the first such deal between the two...
Bloomberg | Nigeria is introducing incentives to attract oil and gas investment as Africa’s biggest economy works to ramp up crude output. The measures include substituting...
Nigeria’s Victor Osimhen and Asisat Oshoala won the biggest individual awards at the Confederation of African Football (CAF) Awards 2023 in the Moroccan city of Marrakech...
Reuters | The Dangote oil refinery in Nigeria on Friday received its first cargo of 1 million barrels of crude oil from Shell International Trading and...
CNBC Africa | The President of Dangote Group, Aliko Dangote, has revealed plans to list the US$20 billion Dangote Petroleum Refinery on the Nigerian Exchange (NGX),...
Lagos-based Access Bank, one of Africa’s biggest banks, is close to finalizing a regulatory process to launch its first full banking service in Asia in the...
Bloomberg | Nigeria will seek to become a member of the BRICS group of nations within the next 2 years as part of a new foreign...
By Abeeb Babatunde Omotoso and Abiodun Olusola Omotayo Sub-Saharan African countries strongly rely on the agricultural and forestry sectors. Agriculture contributes up to 60 percent of...
Bloomberg | Billionaire Aliko Dangote, Africa’s richest person, said his refinery has secured a license to refine more than 300,000 barrels of Nigerian crude per day...
Bloomberg | The full ramp up of Africa’s largest oil refinery, a landmark moment for crude and fuel markets both regionally and beyond, is still a...
By Gregory Simpkins I recently came across an intriguing headline in the New York Times: “The World Is Becoming More African.” The point being made is...
Reuters | Nigeria’s state oil firm NNPC Ltd will supply the new 650,000 barrel-per-day (bpd) Dangote oil refinery with up to six cargoes of crude oil...
AP | Nigeria’s Supreme Court refused Thursday to void the recent election of President Bola Tinubu and dismissed the political opposition’s challenges, which argued that the...
By Christina Katsouris When Aliko Dangote, an industrialist from the northern state of Kano, first announced the project in 2013, analysts were skeptical. Dozens of proposed...
Bloomberg | South Africa is set to briefly overtake Nigeria and Egypt as the continent’s largest economy next year, International Monetary Fund forecasts show. The IMF’s...
By Tokunbo Aderemi Ayoola Nigeria’s railway network serves only a small portion of the country. The country is 923,770 square kilometers (357,000 square miles) , with...
S&P Global | The long-awaited Dangote refinery – billed as a game-changer for Nigeria and sub-Saharan Africa – will receive its first cargo of crude in...
Reuters | Nigeria’s two main opposition leaders on Tuesday filed separate appeals at the Supreme Court challenging a tribunal ruling that earlier this month upheld President...
Bloomberg | Nigeria’s gridlocked commercial hub of Lagos started operating its first light-rail system on Monday, 12 years after it first planned to start ferrying riders....
Reuters | President Bola Tinubu has ordered a recall of Nigeria’s ambassadors the world over with immediate effect, his spokesman said on Saturday. “The president is...
Bloomberg | Flutterwave Inc., Africa’s largest startup, is pressing ahead with plans for an initial public offering after making headway in resolving allegations of financial impropriety...
By Zita Zage In recent years, the BRICS group of nations, consisting of Brazil, Russia, India, China, and South Africa, has emerged as a formidable presence...
Reuters | Nigeria’s President Bola Tinubu on Friday announced the creation of a new infrastructure fund, part of a series of measures to boost the economy...
Bloomberg | Nigerian President Bola Tinubu suspended excise taxes on telecommunications services and some locally produced goods introduced 2 months ago. The new head of state...
Bloomberg | Of all the countries in sub-Saharan Africa to be optimistic about, the most promising is Kenya. Economic and political forces are converging to put...
Bloomberg | Nigeria’s new president, Bola Tinubu, has delighted investors with decisions he’s taken in just two weeks in office. The question now is whether he...
Bloomberg | Nigeria passed legislation that’s expected to set off the biggest shakeup of the West African nation’s chronically inadequate power industry in almost 2 decades....
Bloomberg | Angola reduced its gasoline subsidy, almost doubling pump prices in a nation that has some of the world’s cheapest fuel. The decision comes the...
Reuters | Bola Tinubu was sworn in as Nigeria’s president on Monday, facing mounting calls to improve economic and security conditions which many complain worsened under...
By Nnaemeka Vincent Emodi Nigeria’s new Dangote petroleum refinery is Africa’s biggest – it will produce 650,000 barrels a day, giving it the potential to address...
Reuters | Nigerian President Muhammadu Buhari will commission the multi-billion dollar Dangote oil refinery in two weeks, a presidency spokesperson said, setting up the plant for...
Bloomberg | Fidelity Bank Plc, Nigeria’s best-performing bank share this year, plans to expand in at least five African countries after finalizing the acquisition of the...
Bloomberg | Two of Nigeria’s richest men are battling for control of one of the country’s biggest conglomerates, with each raising their stakes dramatically. Tony Elumelu,...
Reuters | Nigeria’s outgoing government has recommended that the new administration of president-elect Bola Tinubu give public sector workers pay rises after removing a fuel subsidy...
By Samuel Samiai Andrews Nigeria has finally updated its 2004 copyright law, bringing it into the digital era – where the entertainment industry has been for...
By Gregory Simpkins There has been increasing talk about a New World Order created by the alliance primarily of China and Russia, along with other nations...
Reuters | Nigeria’s outgoing government has recommended that the new administration of president-elect Bola Tinubu give public sector workers pay rises after removing a fuel subsidy...
By Gregory Simpkins The aftermath of the Nigerian elections has become quite contentious, although fortunately not widely violent. There are numerous accusations of malfeasance by the...
Reuters | Nigeria’s electoral commission has postponed by a week Saturday’s elections to choose new governors, saying it needed more time to reconfigure electronic machines that...
By Gregory Simpkins It was predicted that Nigeria’s 2023 elections would demonstrate significant progress in political plurality in the country. It has not thus far. It...
AP | Nigerians awoke to a new president Wednesday, with ruling party candidate Bola Tinubu declared the winner of the country’s election. As he thanked his...
Bloomberg | Africa’s richest man, Aliko Dangote, agreed with a Chinese firm to construct a 6 million-ton cement plant to expand output and exports in his...
AFP | Nigerians voted on Saturday for a successor to President Muhammadu Buhari in a tightly fought race, with three frontrunners for the first time in...
Africanews | Four top Nigerian presidential candidates signed a “peace” deal on Wednesday ahead of presidential elections on Saturday. The only candidate absent from the ceremony...
Anadolu | The African Union Commission (AUC) has announced that it will send a team of 90 observers to Nigeria for the upcoming elections slated on...
NAN | The Jamaican High Commissioner to Nigeria, Esmond Reid, has indicated that his country was planning to source for vehicles from Innoson Vehicles Manufacturing (IVM)...
By Gregory Simpkins Over the centuries, the natural blessings of Africa seem to have been more apparent to outsiders than even the rulers of African countries....
Reuters | Nigerian President Muhammadu Buhari on Thursday signed an executive order setting up a council to facilitate the transition to a new president who will...
Seattle entrepreneur Kingsley Ndoh is driven by the memory of his aunt, who died too young of colon cancer. A lot of things went wrong when...
Bloomberg | Africa’s richest man, Aliko Dangote, agreed with a Chinese firm to construct a 6 million-ton cement plant to expand output and exports in his...
Reuters | Nigeria’s central bank has launched a domestic card scheme to rival foreign cards like Mastercard and Visa, hoping to enhance its drive to make...
AP | Nigerian President Muhammadu Buhari has marked the opening of a US$1.5 billion, Chinese-funded deep seaport in the commercial hub of Lagos that authorities hope...
Bloomberg | Access Bank Plc, Nigeria’s biggest lender by assets is considering acquisitions as it looks to expand operations to 26 countries over the next 5...
Dow Jones Newswires | Airtel Africa PLC said Monday that it has bought additional spectrum to support the growth of its 4G services and 5G roll-out...
Bloomberg | Nigerian authorities plan to sell 5 electricity-generation companies in the first quarter to help fund next year’s budget, according to the nation’s privatization agency....
By Gregory Simpkins Being left out of industrialization for so long has been an obstacle for emerging markets in Africa and Latin America and the Caribbean...
Reuters | The duty-free access for nearly 40 African countries in a 22-year-old U.S. trade program is no longer enough to boost their development and a...
Bloomberg | Nigeria has unveiled redesigned high-denomination banknotes on Wednesday as the central bank confirmed a January deadline to roll out the new bills despite calls...
AP | Nigeria’s navy has seized a foreign ship and detained 27 foreigners who are charged with operating illegally on Nigerian waters and attempting to export...
Reuters | As sustainable fashion enthusiast Uche Aladimma sorts through discarded denim clothes in an open market in Lagos, Nigeria, a faded sky-blue jacket catches his...
Last May, the Nigerian presidency launched the Nigeria Startup Bill in collaboration with a group of Nigerian tech leaders and several government bodies to govern how...
Members of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) who recently paid a visit to Aliko Dangote’s multi-billion-dollar refinery disclosed that the refinery is...
Bloomberg | Africa’s annual exports are expected to double to US$540 billion by 2030 from a decade earlier, chiefly on shipments from Nigeria to the Asian...
Bloomberg | Serena Williams’ venture capital firm is backing Nigerian data and insights firm Stears Inc., in a US$3.3 million seed round led by MaC Venture...
Reuters | African countries will use the COP27 climate talks in Egypt next month to advocate for a common energy position that sees fossil fuels as...
Bloomberg | A third-party candidate is the top choice to become the next president of Africa’s most populous country, according to a new opinion poll. A...
AFP | With Nigeria’s economy struggling and insecurity rife, four top presidential candidates start campaigning this week for next February’s election in an open race to...
Reuters | A consortium led by Ethiopian Airlines is the preferred bidder for shares in new Nigerian airline Nigeria Air, the country’s aviation minister said on...
Bloomberg | The giant refinery being built in Nigeria by Africa’s richest person, Aliko Dangote, will finally start operations by mid-2023, according to state oil company,...
By Gregory Simpkins Agency is defined as “the sense of control you feel in life, your capacity to influence your own thoughts and behavior, and the...
By Stephen Onyeiwu Nigeria is preparing to elect its next president in February 2023. That person will have a daunting task of fixing a near-comatose economy....
By Gregory Simpkins Elections play a significant part in the establishment and maintenance of representative democracy worldwide, but all too often, the entirety of the process...
Bloomberg | Nigeria has appointed Aliko Dangote, Africa’s richest man, to lead a committee commissioned with eliminating malaria in the West African nation as the mosquito-borne...
Ventures Africa | In this age, technological innovation and development of a country or continent are closely knitted. That is why governments around the world prioritize it...
Reuters | Nigeria has added more than 10 million new voters to its election register, most of them youths, ahead of a presidential vote next February,...
By Gregory Simpkins I have written previously about Nigeria being the “essential nation” in Africa. According to the Congressional Research Service (CRS), successive U.S. Administrations have...
Reuters | Nigerian opposition Senators pushed for President Muhammadu Buhari to face impeachment, 10 months before the end of his second term in office, over the...
Bloomberg | A Nigerian startup backed by private-equity firm Lightrock LLP is looking to deploy electric vehicles in about 8 African countries by next year as...
By Gregory Simpkins The United Nations High Commission for Refugees (UNHCR) June Global Trends reported that by the end of 2021, the number of people displaced...
Reuters | Nigeria’s Chief Justice Ibrahim Tanko Muhammad has resigned on health grounds, two sources in the president’s office said on Monday, but there was no...
AFP | More than 2,300 delegates from Nigeria’s ruling All Progressives Congress (APC) party converged on the capital Abuja ahead of a key primary election on...
According to capital market data from the Nigerian Exchange dated May 20th, MTN Nigeria’s market capitalization stood at N5 trillion (about US$12 billion), making it one...
Reuters | Nigerian entrepreneur Mustapha Gajibo has been converting petrol mini-buses into electric vehicles at his workshop, but he is now going a step further to...
The two fastest-growing companies in Africa are in Kenya, according to a new ranking released by the Financial Times on Tuesday, and 5 of the top...
Bloomberg | When Aliko Dangote, Africa’s richest person, decided to construct a refinery in southern Nigeria on a plot of swampland almost half the size of...
Reuters | Ugandan film producer Raymond Malinga, whose work will feature in an upcoming Disney anthology of animated films from across Africa, hopes the project will...
AP | Nigeria’s Vice President Yemi Osinbajo said Monday that he will run for president in next year’s election. Osinbajo, 65, formally declared his intention to...
AFP | Nigeria’s government has lifted a nationwide midnight curfew and limitations on gatherings along with other restrictions imposed more than 2 years ago to curb...
Reuters | Dangote’s 650,000 barrels per day (bpd) oil refinery being built in Nigeria is due to begin production by the fourth quarter of 2022, Group...
Reuters | Nigerian billionaire Aliko Dangote opened a 3-million-tonne fertilizer plant at a cost of US$2.5 billion on Tuesday to target African and foreign markets even...
Reuters | Nigerian court has stopped Shell Plc from selling any assets in Nigeria until a decision is reached on the company’s appeal of a nearly...
Bloomberg | Nigerian former Vice President Atiku Abubakar plans to run for president in elections next year. Abubakar, 75, made the announcement while speaking to lawmakers...
Bloomberg | Nigerian lawmakers have passed a constitutional reform bill that will allow state government’s supply electricity in Africa’s most populous country, breaking the monopoly of...
AFP | Nigeria’s electoral body said Saturday it was postponing the 2023 presidential and parliamentary polls by one week, due to a delay in passing a...
Google, in its latest “Africa Developer Ecosystem Report 2021“, has revealed that Africa’s tech developer ecosystem is on the rise. This is according to the findings...
Ngozi Okonjo-Iweala, the first woman and first African to lead the World Trade Organization, has been named the keynote speaker at the Massachusetts Institute of Technology’s...
Bloomberg | African governments are playing catch-up in vaccinating their populations against the coronavirus, with just 12 percent of the continent’s 1.3 billion people fully inoculated...
Reuters | Africa-focused fintech firm Flutterwave said on Wednesday it had raised US$250 million in its single-biggest funding round to date, valuing the startup at more...
Bloomberg | Nigeria’s central bank has a new plan to lure US$200 billion of inflows to Africa’s biggest economy: make it attractive for exporters to bring...
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Serena Williams, A&T Capital back Nigerian startup Nestcoin
The Nigerian capital managed to outperform its direct competitors Nairobi, Cape Town and Johannesburg in 2021, a trend that is likely to continue.
Bloomberg | Nigeria’s giant new Dangote oil refinery will start processing crude in the third quarter of this year. Mechanical work on the refinery is complete...
The trains will ease traffic in Lagos, Nigeria’s economic capital
AFP | Nigeria’s ruling party chief and influential former Lagos governor Bola Ahmed Tinubu said on Monday he intends to run for the presidency in the...
"We are working very hard with the ministry of health to develop vaccines. We shouldn't make noise about it until we succeed." - Muhammadu Buhari
Reuters | Nigeria plans to ban flights from Argentina, Britain, Canada and Saudi Arabia from this week in retaliation for being added to those countries’ red...
By Max Walter Industrial policy is seeing a revival in Africa and beyond. In fact, governments across the continent are now explicitly using a variety of...
Central Bank planning to introduce CBDC - will cut transaction costs and boost participation in the formal financial system
The Nigeria Country Risk report which has been released by Fitch Solutions has projected the West African country’s economy to grow by 2.8 percent in 2022....
