Reuters |Nigeria will start a mass COVID-19 vaccination campaign later this week, aiming to inoculate half of its targeted population by the end of January, government...
Cash will be used to fund African expansion to Egypt, Ghana and Cameroon
As negotiators at the Glasgow climate talks try to agree on greenhouse gas cuts, African leaders say poorer countries can’t be expected to remake their systems...
Dangote might be an example of a successful and dynamically expanding manufacturing firm in Nigeria. But structural transformation across the Nigerian economy remains very limited.
Nigeria joins the Bahamas and the Eastern Caribbean Central Bank in being among the first jurisdictions in the world to roll out national digital currencies.
By David Thomas Africa’s film and audiovisual industry could create over 20 million jobs and an extra US$20 billion in annual revenues with further investment, according...
Economies of Angola, Nigeria and South Africa were expected to come out of recession this year.
Mobile wallet payments are highest in usage as well as preference in Kenya.
More militants expected to defect because of intense pressure from military
Nigeria, will launch its eNaira digital currency on October 1, while Ghana will trial e-Cedi from this month.
The move would turn the state-owned oil company into a private firm, and allow it to sell shares in the future.
Reuters | Nigeria will work with Bitt Inc as a technical partner in its bid to launch its own cryptocurrency, the “eNaira”, the Central Bank said...
Citizens cannot be forced to wait in order to have reliable energy and live modern, dignified lives
No other startup whose operations are based in Africa has raised as much in one round
Nigerian President Muhammadu Buhari signed into law an oil overhaul bill that has been in the works for nearly two decades, a presidential spokesman said on...
MVX wants to make freight shipping and trade finance easier for African businesses by bringing booking and deployment processes online.
The NNPC said it had signed term sheets with Dangote Group for the stake in its 650,000-barrel-per-day oil refinery
Sub-Saharan Africa is poised to expand 4.1 percent next year, as economies recover from the pandemic
Nigerian delegation visits the University to observe progress, research capabilities in preparation for More than 80 Doctoral and Postdoctoral candidates in Fall 2021
Red alert meant that states "should fully deploy all COVID-19 prevention and containment measures in place" and intensify "testing, identification, treatment and isolation of infected persons
Dangote Group will double cement production in Cameroon
The dependent on pharmaceutical imports leaves Africans vulnerable to shortages of medication. More local manufacturing of medications could strengthen health systems throughout the continent.
The Igbos in Nigeria, have been practicing for centuries what is today known as stakeholder capitalism. The Igbo apprenticeship system (IAS) is a communal enterprising framework...
Ketron Investment acquires Shoprite Nigeria
Attahiru had been appointed to the position earlier this year
Xinhua | Nigeria’s federal government has said it will delay the local production of the COVID-19 vaccine due to the inability to procure the required technology...
Nigerian authorities are facing growing pressure to devalue the Naira as the price of oil, its biggest source of foreign exchange, trades at the lowest level...
President Muhammadu Buhari has unveiled Nigeria’s budget for 2016 as it grapples with falling oil revenues. The Buhari administration is aiming for growth of just above...
Tiger Brands Ltd., South Africa’s largest food producer, agreed to sell its stake in loss making Nigerian business to Dangote Industries Ltd. 3 years after buying...
The Buhari administration in Nigeria is breaking up an all-encompassing oil bill that has been stuck in the federal parliament for years, replacing it first with...
By Jenerali Ulimwengu The recent tug of war between the Nigerian government and Africa’s biggest telecommunications company – MTN, comes as an instructive development for the...
Cameroon’s army has dealt a major blow to Nigeria’s Boko Haram Islamists, killing around 100 fighters and freeing 900 hostages in a 3-day operation. Flags belonging...
Jamaica-based food, financial and money company, The GraceKennedy Group is in the process of widening it’s foot print in Africa, with the launch of its Nurishment...
Nigeria’s former national security adviser, Sambo Dasuki, has been arrested for allegedly stealing billions of dollars meant to buy weapons to fight Boko Haram Islamist extremists...
A blast struck a market in the northeastern Nigerian city of Yola on Tuesday evening, killing 32 people and wounding 80 others, both the Red Cross...
Nigerian billionaire Aliko Dangote typifies the new “African lions” whose business empires are winning a competitive edge over foreign multinationals because of their better grasp of...
The CEO of Africa’s biggest telecommunications company resigned on Monday because of a US$5.2 billion fine meted out to MTN Group’s Nigerian subsidiary. Sifiso Dabengwa was...
MTN Nigeria, which is a subsidiary of Africa’s biggest telecommunications company – the MTN Group – was fined a record US$5.2 billion by the communications regulator...
Royal Dutch Shell was on Tuesday accused of making false claims about the extent of its oil spill clean-up operations in Nigeria and urged to take...
Nigeria’s security services have foiled an imminent terrorist attack and have arrested and charged 45 suspects over an alleged Boko Haram plot to attack the country’s...
Nigeria has deferred a plan to slash gas exports to Ghana beginning Friday over an outstanding debt of US$181 million, alleviating a threat that could have...
Ghana held emergency talks in Nigeria on Thursday to avert a threat to cut gas supply drastically, which could worsen the country’s electricity blackouts and present...
By Dan Aceda “If Nigeria moves, then Africa moves. If not, then we must wait.” I do not remember where I first came across the quote...
The Bank of Nigeria’s Monetary Policy Committee has held the key rate at 13 percent, Governor Godwin Emefiele told reporters on Tuesday in the capital Abuja....
Bank of Nigeria Governor Godwin Emefiele has ruled out a devaluation of the country’s currency – the naira, and has advised businesses not to panic about...
By Jack Smith IV Every week, the American tech sector uses the most advanced mobile technologies in the world to create some new meaningless distraction. Tinder...
Going by latest numbers, Nigeria is sliding towards recession in the last quarter of 2015, according to analysts. Economists define a recession as a period of...
Nigeria’s President Muhammadu Buhari has tasked his newly sworn-in military chiefs with a difficult feat: to end a bloody 6-year Islamist insurgency in just 3 months,...
By Opeyemi Agbaje In 2010 as I traveled across 10 African countries in west, east, central and southern Africa on some strategy and consulting projects, I...
Ford Motor Company will start assembling its best-selling Ford Ranger pickup truck in Nigeria by the fourth quarter, as it expands in Africa and the Middle...
By Kate Douglas Two out of three people in sub-Saharan Africa live without electricity. The Africa Progress Panel estimates that power shortages diminish the continent’s growth...
Nigeria’s army announced Thursday that it had freed 59 women and children who had been captured by the al-Qaeda-linked extremist group Boko Haram. The military raided...
Nigerian President Muhammadu Buhari began a two-day visit to Cameroon on Wednesday in a bid to strengthen cooperation against al-Qaeda-linked Islamist militant group Boko Haram. Buhari’s...
Nigerian authorities have arrested the mastermind of bombings in the central cities of Jos and Zaria this week that killed at least 69 people, the defense...
Nigeria’s President Muhammadu Buhari on Monday slammed the state of the country’s finances, claiming that the previous administration had left Africa’s biggest economy deep in debt....
Nigeria: Buhari administration considering removal of fuel subsidy Nigeria’s newly innaugurated president, Muhammadu Buhari, has been advised by his transition committee to end a fuel subsidy...
Dangote Group founder and chairman, Aliko Dangote, has revealed that he is expanding his cement empire to Asia and it will be operational in 30 months....
(PRNewswire) – Milhouse Engineering & Construction, Inc., last month, signed a memorandum of understanding (MOU) with the Federal Republic of Nigeria and its Ministry of Power...
By the time my suitcase made it down the carousel at Murtala Mohammed airport in Lagos, my white shirt was no longer as crisp as it...
Nigerians celebrated their newly reinforced democracy Friday, dancing, singing and releasing white doves symbolizing peace at the inauguration of Muhammadu Buhari, the first candidate to beat...
It is not usual to associate Africa with the high-tech sphere of “space”. However, in recent years, many countries on the continent have woken up to...
With three weeks remaining before his inauguration as Nigeria’s president, Muhammadu Buhari has started putting his cabinet together. According to officials in his All Progressives Congress...
A day after the Nigerian army celebrated the rescue of 200 girls and 93 women in the forest stronghold of the al-Qaeda-linked Boko Haram Islamists, the...
Nigeria’s army has rescued 200 girls and 93 women during a military operation to wrest back the Sambisa Forest from the al-Qaeda-linked Islamist militant group, Boko...
By Razia Khan The All Progressives Congress (APC), led by former military leader General Muhammadu Buhari, has won Nigeria’s presidential election, unseating the People’s Democratic Party...
Results in Nigeria’s gubernatorial elections saw a swing toward president-elect Muhammadu Buhari’s All Progressives Congress (APC) party on Monday, two weeks after it made history by...
By Obinna Chima The incoming administration must ensure that its economic policies are geared towards elevating the living conditions of Nigerians as well sustaining the country’s...
Axa SA, the largest external insurer active in Nigeria, sees the peaceful manner in which the country is handling its first transition in political power in...
Muhammadu Buhari has been elected president of Nigeria, defeating the incumbent Goodluck Jonathan and setting the stage for the first transfer of power from the People’s...
Nigerian opposition candidate Muhammadu Buhari is heading for a win against the incumbent President Goodluck Jonathan, with 14.6 million votes to Jonathan’s 11.3 million and only...
Counting is underway in Nigeria’s presidential election, with the incumbent president Goodluck Jonathan facing a strong challenge from retired military general Muhammadu Buhari. The country’s election...
Nigeria extended voting in presidential and legislative elections to Sunday after delays and equipment malfunctions disrupted balloting. Accreditation began late at about half of the polling...
Nigerian businesses from small operations to the huge Dangote Group, run by Africa’s richest man, Aliko Dangote, are being battered by a weak naira and low...
A new US$9 billion oil refinery producing 500,000 barrels per day being developed by serial entrepreneur Aliko Dangote, is expected to come onstream in Nigeria by...
Royal Dutch Shell Plc is making no progress in curbing oil spills in Nigeria and Italian-based Eni SpA’s operations in the West African country are out...
Latest polls indicate that opposition leader Muhammadu Buhari will defeat the incumbent president, Goodluck Jonathan in the upcoming presidential elections. According to political research group, Eurasia,...
(Bloomberg) – Investors skittish about Nigerian assets as plunging oil prices pummel the West African nation’s economy are casting their eyes across the continent to Kenya....
Chad and Niger launched a joint army operation against Boko Haram militants in Nigeria on Sunday, military sources said, intensifying a regional push to try to...
President Idriss Deby of Chad has informed the media during a press conference that the Chad military and government has narrowed down the location of al-Qaeda-linked...
Kenyan stocks rallied to a record high in the longest winning streak in almost 10 months as investors who pulled money from Nigeria bought into East...
The Nigerian naira slid to a record low on Monday after a 6-week delay to the February 14 presidential election and due to the impact of...
Nigeria has postponed the February 14 presidential and legislative elections by six weeks to March 28 due to security concerns, the chairman of the electoral commission...
By Nnanna Ochereome It is strange that a section of the political class in Nigeria cannot find in their ranks a suitably qualified, intelligent and competent...
Voters in Nigeria will have a chance to see the leading candidates for the presidential election, Goodluck Jonathan and Muhammadu Buhari, in action, during the presidential...
The chairman of Nigeria’s Independent National Electoral Commission (INEC) Attahiru Jega, has said that the commission is prepared and committed to ensuring that next month’s presidential...
Nigerian President Goodluck Jonathan has said that the West African nation will keep its currency strong and its economy stable in 2015 as it seeks to...
Former soldier and military leader Muhammadu Buhari will challenge President Goodluck Jonathan at February presidential elections in Nigeria, according to results Thursday from party primaries. The...
Nigeria’s main opposition coalition began a convention Wednesday to select a candidate to take on incumbent President Goodluck Jonathan in February, in what will be the...
While the rapid response to the Ebola outbreak in Nigeria was a significant factor in quelling the spread of the deadly disease, the country has other...
Jason Njoku, founder and CEO, iROKO Partners The Internet will be a key driver for the Nigerian economy – Africa’s largest economy, where the number of...
Hundreds of al-Qaeda-linked Boko Haram militants have surrendered in Nigeria and neighboring Cameroon following the military’s recent victories with air and ground attacks, military authorities said...
Nigerian Economy 2014. IMAGE/Charles Robertson/Renaissance Capital Nigeria’s economy grew 6.54 percent in the second quarter, up from 5.40 percent in the same period of last year,...
Nigerian authorities are monitoring nearly 400 people for signs of Ebola after they came in contact with a Port Harcourt doctor who died of the disease...
Environmental Damage caused by oil spill. PHOTO/File Royal Dutch Shell has sold some of 4 oil fields up for grabs in Nigeria, it said on Wednesday,...
When Ebola hit Uganda two years ago, the country’s president quickly went on national TV and urged Ugandans to avoid touching each other. Health officials speedily...
Police in Nigeria on Tuesday said they had arrested a senior Boko Haram Islamist commander known as “Chief Butcher” during a raid on an insurgent camp...
Nigeria’s actual gross domestic product (GDP) growth rate for 2013 has been revised down to 5.49 percent, from 7.41 percent previously estimated during a rebasing exercise,...
Nigeria and Jamaica are working to establish direct flights between the two countries in the near future. Officials from both countries are working to conclude a...
Smoke billows from Emab Plaza in Abuja. PHOTO/Reuters An explosion rocked a shopping mall in Nigeria’s capital, Abuja, on Wednesday and police said at least 21...
Nigeria will recover US$227 million of funds illegally acquired by former military dictator Sani Abacha, the country’s finance ministry said on Thursday, after a 16-year battle...
Aliko Dangote – Founder, Chairman and CEO of the Dangote Group The Dangote Refinery and Petrochemical Company is on track to receiving a licence to begin...
Nigeria’s main opposition elected a veteran politician from the Christian south as its inaugural chairman on Saturday, as it looks to win voters on both sides...
Kenya and Nigeria traditionally steal the spotlight regarding African innovation centers, but South Africa quietly leads the continent with the highest number of such facilities. The...
African teams bring life to an event that, in recent times, has appeared to be losing some of its gloss. Who can forget the youthful exuberance...
The immediate past governor of Nigeria’s Central Bank, Lamido Sanusi, has been named the new emir of the powerful Kano emirate, to succeed late Ado Bayero....
African economic superpowers, Nigeria and South Africa exploring collaborative ventures to develop artisanal and small-scale gold mining in Nigeria. Although, South Africa is featured as the...
The new governor of the Central Bank of Nigeria, Godwin Emefiele, announced his agenda for his five year tenure today. From the press conference held, it...
Gunmen believed to be Boko Haram militants have killed hundreds of civilians in new attacks in northeastern Nigeria. Witnesses say the gunmen attacked at least three...
As the cement market continues to get more competitive, Lafarge Group has decided to merge its South African business with its publicly traded Nigerian unit, Lafarge...
Africa analyst, Bronwyn Bruton, said she does not expect to hear a lot about human rights issues during the forthcoming US/Africa leaders’ summit in Washington. Bruton,...
Nigerian police said on Tuesday that protesters were free to march in the capital Abuja, after an uproar over comments by the police commissioner in which...
Nigeria’s new central bank chief Godwin Emefiele took office on Tuesday with a mandate to ward off pressure to devalue Nigeria’s currency and manage rising inflation....
First Bank of Nigeria (FBN) Holdings last week announced the complete acquisition of International Commercial Bank (ICB) Financial Group Holdings West Africa, after finalising the deal...
One of Africa’s biggest commercial banks, Access is valued at more than £700 million. A source said: “The bank hired a new chief executive last year...
With over 72 million young people in the country, Nigerian banks are now more than ever encouraging youth banking. The country’s youth account for over 43...
At least 45 Nigerian security personnel are dead after gunmen believed to be Boko Haram militants attacked the town of Buni Yadi. Hundreds of gunmen on...
Nigeria’s military knows where the more than 200 girls abducted by al-Qaeda-linked Boko Haram are but has ruled out using force to rescue them, the state...
The presidents of Cameroon and Chad on Friday concluded two days of meetings during which they fine-tuned plans and reiterated commitments to a declaration of war...
Sanusi Lamido Sanusi has said that he has no problem with investigations that are done by the right institutions. The former Central Bank goveror stated, “These...
The United States has committed itself to attracting investment and aiding several African countries in reducing their electricity deficit. “Power Africa is designed to catalyze new...
Emerging economies continuously need Foreign Direct Investment (FDI) for sustainable growth and development, with governments having recognized the importance of flow of financial capital in economies...
Nigeria has formally asked the U.N. Security Council al-Qaida sanctions committee to blacklist the Islamist militant group Boko Haram after the kidnapping of hundreds of schoolgirls,...
Nigeria financial institution Diamond Bank has successfully issued Eurobonds worth $200 million and with a maturity of 5 years, demonstrating a global acceptance of the bank’s...
USA has come to an agreement allowing it to share some intelligence with Nigeria to bolster the search for more than 200 girls kidnapped. The Pentagon...
A fortnight ago in Abuja, Nigeria the World Economic Forum brought together political, economic and thought leaders from throughout the continent. This included Rwanda’s Paul Kagame,...
A suicide blast in the northern Nigerian city of Kano has killed four people, police say. According to police, the blast happened in a street with...
West African leaders on Saturday agreed to work together to wage “total war” on Boko Haram. The leaders said the Nigerian Islamist group had become a...
f South African mobile operator group MTN plans to spend more than $3 billion to improve its network infrastructure in Nigeria, the Business Day newspaper has reported....
Nigeria’s top bank, the Central Bank of Nigeria (CBN), has disclosed that transactions via Point-of-Sale (PoS) rose to N24 billion ($148 million) in April 2014. The...
Nigerian President Goodluck Jonathan has canceled a visit to a northeastern town where Islamist militants last month seized more than 200 schoolgirls. Officials said Friday that...
A top U.S. Defense Department official on Thursday said Nigeria had been too slow to respond to the threat of Boko Haram. But the official said...
Union Bank, a leading Nigerian bank, has revealed that it would seek shareholders’ approval to raise $750 million in June, funds it says would be used...
By Olusegun Obasanjo When Nigeria announced recently that it had become Africa’s biggest economy, you could be forgiven for thinking that oil was the only reason. After...
Nigeria could attain investment-grade status if it undertakes reforms to its power and oil sectors that would help boost economic growth and per capita income, a...
United States drones have begun to fly over Nigerian skies to generate satellite imagery and surveillance, as search for more than 200 schoolgirls abducted by Islamist...
Cameroon said its soldiers have shot and killed five suspected poachers who had opened fire on elephants in the West Africa country. The military said some...
The plight of Nigeria´s kidnapped school girls has gotten worldwide attention. Now Israel has offered Nigeria help in locating 200 schoolgirls abducted last month by Islamist rebel group...
Boko Haram rebels have released a video purporting to show some of the Nigerian school girls they abducted last month. Their leader says he will free...
Thousands of Nigerians living in Ngamboru Ngala of Borno state have fled their homes to neighboring Cameroon to seek refuge, following attacks by Islamist militants, media...
Two decades ago Nigeria’s military was seen as a force for stability across West Africa. Now it struggles to keep security within its own borders as...
Rwanda has committed itself to driving policies and reforms that will attract investment and promote growth in the country. According to Rwandan President Paul Kagame, “It’s...
Nigeria now has the largest economy in Africa, the government announced on 6 April. With a gross domestic product of $500.9 billion, Nigeria should attract more...
Nigeria’s ICT sector has been able to attract about 30 billion US dollars, communication minister Omobola Johnson told CNBC Africa. Johnson noted that the huge investments...
Nigerian President Goodluck Jonathan said on Friday he believed the schoolgirls abducted by Islamist militants last month in an attack that has stirred global outrage are...
Nigeria’s business community on Wednesday pledged $10 million for Safe Schools, a private-sector initiative to make schools safer, particularly in the terror-stricken northeastern region, according to World Bulletin....
The hashtag “Bring Back Our Girls” has become a global catchphrase and that’s a good thing. Nigerians and sympathizers have held up posters from Chibok to...
Creating jobs in the manufacturing sector may be the way to alleviate unemployment in Africa. “In order to create jobs we need to open up the...
Nigeria has helped Africa become the fastest growing payment traffic region in the world for the Society for Worldwide Interbank Financial Telecommunication (SWIFT). SWIFT has recorded...
Of the newly discovered 46 oil blocks in Kenya, the East African country’s authorities has awarded seven oil blocks to Nigerian businessmen. This announcement comes on...
Nigerian police offered a $300,000 reward on Wednesday to anyone who can give credible information leading to the rescue of the nearly 300 schoolgirls abducted by...
Suspected terrorists have been rounded up across Nigeria over fears of sabotage at the World Economic Forum, scheduled to begin in the capital of Abuja Wednesday, APA reports. The three-day...
World’s eighth largest exporter of crude oil and Africa’s largest economy, Nigeria, is now the biggest importer of kerosene from the United States, a new data...
Nigerian President Goodluck Jonathan has ordered top security officials to do everything possible to secure the release of the more than 200 schoolgirls kidnapped by suspected...
A standardized contract process could aid in boosting Public Private Partnerships (PPPs) in Africa’s energy space. Africa Finance Corporation chief executive, Andrew Alli, said, “One of the...
African Ministers of Trade and experts in trade and regional integration have aligned with Nigeria’s position on the trade liberalization deal with the European Union under...
Aliko Dangote, CEO of the Dangote Group, believes that Africa needs to have strong institutions to combat corruption. Dangote advised, “One of the greatest obstacles apart...
Chinese Premier Li Keqiang is to visit four African countries, including oil-rich Angola and Nigeria, but will not be going simply for energy deals as China...
African entrepreneur Aliko Dangote has been named among the top 25 people who have had the biggest impact on business in the last 25 years. The...
The African Progress Panel is set to release its latest report on Africa unleashing green and blue revolutions in agriculture and fishing. The report, which will...
Environmental Damage caused by oil spill. PHOTO/File Legal arguments began in court on Tuesday in a compensation claim brought by about 15,000 members of Nigeria’s Bodo...
Nigeria’s flag carrrier, Arik Air says it plans to extend flight operations to India, the world’s second most populous country, by offering direct flights to the...
Six months after Nigeria introduced a new automotive policy – aimed at discouraging the importation of wholly assembled automobiles and encourage local manufacturing – early responder...
Vodacom Business Nigeria’s outstanding contribution to connecting and enabling enterprise businesses in Nigeria was recognized at the Beacon of ICT (BoICT) Awards ceremony held at the weekend in...
Through investments in African agriculture, the continent has the potential to feed not only itself but the world. According to the World Bank, agriculture is essential...
Investment in infrastructure and natural resources will continue to underpin economic activity in sub-Saharan Africa. However, capital outflows sparked by tighter global financial conditions pose a...
Nigeria has awarded most of its long-term oil contracts worth an estimated $40 billion a year to local companies, according to a confidential list seen by...
One of Nigeria’s leading financial institutions, Fidelity Bank, has raised its lending to 50 percent by 2017 from 28 percent in 2013. “Our approach is total...
After rebasing earlier this month Nigeria became the largest economy in Africa, surpassing South Africa, but the west African country could also lose one of its...
Nigeria has become the fastest growing aviation business in Africa with more new and pre-owned aircraft delivery than South Africa as at 2013. This was disclosed...
Analysts worry that Africa will become less attractive for exploration as states try to get more from the oil and gas sectors. Africa’s licensing regimes for...
Nigeria says it is prepared to host the World Economic Forum on Africa in May, despite growing insecurity, as the threat posed by extreme Islamist group,...
Following the recent GDP rebase which saw Nigeria displace South Africa as Africa’s largest economy, global financial rating firm Moody’s has forecast exponential growth in Nigeria’s...
Construction companies in sub-Saharan Africa are moving beyond mainstay mining work as rising wealth and urbanization spark demand for shopping centers and better roads, the chief...
Globacom has showered 53 high-end vehicles and other prizes on its trade partners responsible for distributing Globacom’s products and services across Nigeria. The prizes, which were...
For centuries, colonial-era merchants tussled for access to Africa’s raw materials, and huge swathes of Africa’s geography became synonymous with the main commodity they exported: Gold...
Nigeria’s interminable focus on fortifying its oil and gas sector could hamper its chance to diversify the economy. This is according to the 2014 Economic Report...
Nigerian oil and gas firm Seplat has offered 26.4 percent of its shares in a combined market debut in Lagos and London that values the group...
International companies planning to enter the African market will fall short if they fail to consider the culture of the environment. According to the World Bank,...
South African economists have welcomed the announcement that Nigeria is now the biggest economy in Africa saying it is good news for the continent. This follows...
Nigeria’s booming telecoms sector has helped cement the West African nation’s status as Africa’s largest economy. On Sunday it was announced that Nigeria had overtaken South...
The Kenyan banking sector has been more resilient on stock performance compared to its Nigerian counterparts. “The reason why the Kenyan banks stock price share performances...
Nigeria overtook South Africa as Africa’s largest economy after a rebasing calculation almost doubled its GDP to more than $500 billion. Gross domestic product (GDP) for...
Nigeria’s National Bureau of Statistics (NBS) will release the country’s rebased GDP calculations proposed for September 2013, on Sunday. The West African country, which is currently...
Private equity and venture capital is one asset class that is still grossly misunderstood in African economies. This is according to Michelle Essomé, CEO of African Private Equity and...
Nigeria’s federal government is planning to reduce the cost of internet enabled mobile phone so as to get more Nigerians connected to the internet. Omobola Johnson,...
Despite the global private jet market suffering severe blows in the 2008 economic crisis, Africa’s private jet charter industry still grows. According to Brazilian aircraft...
The legal battle between the suspended governor of the Central Bank of Nigeria (CBN) Mallam Sanusi Lamido, and the Federal Government has taken a new twist...
Angel Fair West Africa has begun with the aim of bringing techpreneurs and active investors together to do deals. “The Lagos Angel Fair Network is a...
President Goodluck Jonathan on Saturday said African leaders should prioritize the structural transformation of African economy if they must achieve regional industrialization initiative. Jonathan said this...
With the swagger of a new generation, Shoreline swept up former Shell assets in 2012 to join the vanguard of nigeria’s indigenous upstream revolution. Kola Karim, Group...
At least three African nations are looking to add nuclear power to their grid. Kenya and Nigeria want to establish nuclear energy, and South Africa, the...
The Nigerian Senate has confirmed Godwin Emefiele as the country’s new central bank governor. According to a statement released by Standard Bank, Emefiele will assume office...
Nigeria is Africa’s highest oil-producing country but Nigerians are among the continent’s lowest consumers of liquified petroleum gas, opting instead to use wood, and kerosene —...
Nigeria and Namibia have announced a joint oil refinery to maximize cooperation in energy sector. The announcement was made during the two-day official visit of President...
Nigeria plans to introduce private investors into the transmission business of its power industry, according to prof Chinedu Nebo, the country’s Power Minister. During a chat...
South Africa, which currently relies on coal for more than 85 percent of its electricity, wants to wean itself off fossil fuels by using more nuclear...
Kenyans have confidence in mobile transactions by their banks amidst lowering confidence in customer care. This is according to a new report by audit firm Ernst...
According to Nigerian National Petroleum Corporation, Nigeria lost 3000,000 barrels of crude oil per day or 109.50 million barrels in 2013. The Nigerian National Petroleum Corporation...
Softcom Limited, a Nigerian-based IT solutions firm, in collaboration with Phillips consulting, has announced plans to introduce its educational tablet, KNOWLEDGETAB, to the public, following a...
Nigeria’s technology startup scene is heating up with more pitching competitions and incubators being launched this year, but experts say key challenges hinder innovation in the...
