African Economy
Nigerian president outlines first budget after reforms
Nigeria’s president said Wednesday economic growth and national security were among his main concerns as he outlined his first budget since coming to power and Read More
Nigeria
Energy, Oil and Gas
Nigeria struggles to reach oil target
Nigeria is unlikely to fulfill its own targeted 1.58 million barrels per day production level in 2024, according to projections by two consultancies tasked by Read More
Banking & Finance
FCMB Group reports 108% YoY growth in profit before tax
FCMB Group Plc (NGX: FCMB) today announced a 108% Year-on-Year (YoY) growth in profit before tax (PBT) to N55.1 billion for the nine months ended Read More
TOP Business News
Nigeria secures $1 billion concessionary loan from AfDB
Nigeria’s cabinet has approved a $1 billion concessionary loan from the African Development Bank (AfDB) to bolster budget financing in the country. This was disclosed Read More
Travel & Tourism
Joint initiative to bolster Nigeria renewable energy market
The Union Bank of Nigeria has formalised the basis for a strategic partnership with the Universal Green Energy Access Programme (UGEAP), a 15-year blended finance Read More
Food & Agriculture
British International Investment Commits US$26.5M to AFEX to Address Food Security
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, today announced a US$26.5 million commitment to AFEX, Africa’s leading commodities platform, which currently Read More
Banking & Finance
Partners introduce remittances in naira
Smartcash PSB, a leading payment service bank, has partnered with Thunes, a cross-border payments infrastructure provider, to power international remittances in naira to mobile wallets Read More
Technology
Across Africa, 85% of retail medicine purchases happen at micro-enterprises, typically neighbourhood pharmacies and Proprietary Patent Medicine Vendors (PPMVs). For store owners, 90% of their Read More
Technology
Young Nigerian entrepreneur in vanguard of green mobility
31-year-old entrepreneur Mustapha Abubakar Gajibo first converted petrol-powered minibuses into solar-powered electric vehicles, in his workshop of Borno state. He now moved on to full Read More
African Economy
Nigeria’s big push to grow its own coconuts
Most of Nigeria has the perfect climate for growing coconuts and yet it imports 70% of the popular fruit, which is widely used as a Read More
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