In a bid to tackle pressing economic challenges, Nigeria has secured a $500 million loan from the World Bank to support its Community Action for Resilience and Economic Stimulus Program. …
Radarr Africa Business Desk
Radarr Africa Business Desk
The Radarr Africa Business Desk reports daily on companies, markets, banking, energy, technology and policy across Nigeria and Africa. Stories are reviewed and edited by The Radarr Africa Editorial Team in Lagos. Story tips and corrections: business@radarr.africa.
- EconomyEnergyFinance & ServicesGOVERNMENTInfrastructureNigeriaWestern Africa
A fire outbreak has ravaged parts of the Onitsha Main Market in Anambra State. The inferno reportedly broke out in one of the market buildings around 6:20 am on Friday, …
- Business and EconomyNigeriaTechnologyTelecommunicationsWestern Africa
Rising Data Costs Threaten Nigeria’s Content Creation Growth
Nigeria’s content creation industry is facing challenges due to increasing data costs. The growing demand for online content has led to higher internet usage, but the rising expenses associated with …
- Business and EconomyEnergyTransportation & Logisitics
Petrol Prices Rise to N970 per Litre Amid Industry Challenges
The price of Premium Motor Spirit (PMS), commonly known as petrol, has surged to between N930 and N970 per litre in Nigeria. This increase is attributed to ongoing industry disputes …
- Business and EconomyFinance & ServicesINVESTMENTNigeriaPoliciesWestern Africa
Nigeria’s Interest Rate Among Top Five Globally, Says MPC Member
A member of the Central Bank of Nigeria’s Monetary Policy Committee (MPC), Mustapha Akinkunmi, has revealed that Nigeria’s interest rate ranks as the fifth highest in the world. This disclosure …
- BusinessEducationFinance & ServicesTechnology
Accion Microfinance Bank Empowers Women Entrepreneurs with Digital Skills
Accion Microfinance Bank (MfB) has taken a significant step towards empowering female entrepreneurs by equipping them with essential digital skills to enhance their businesses. The bank recently hosted a one-day …
- AfricaALGERIABusiness and EconomyEgyptFinance & ServicesMoroccoNigeriaTANZANIA
Africa’s Billionaires’ Wealth Reaches $105 Billion; Dangote Leads for 14th Year
Forbes’ latest report reveals that Africa’s billionaires have amassed a combined wealth of $105 billion, a significant Increase from $82.4 billion the previous year. This marks the first time their …
- EnvironmentInfrastructureINVESTMENTNigeriaTransportation & LogisiticsTravel & TourismWestern Africa
Lagos State Launches Omi Eko Project to Attract £410 Million Investment
The Lagos State Government has initiated the Omi Eko project, a comprehensive plan aimed at revitalizing the state’s waterways and attracting £410 million in investments. The project seeks to enhance …
- Business and EconomyFinance & ServicesINVESTMENTNigeriaWestern Africa
NGX records 30% reduction in foreign inflows
Foreign inflow to Nigeria’s equities market fell by 29.66 per cent in February 2025, dropping to N18.05bn from N25.66bn recorded in January.This decline in foreign inflow, alongside a drop in …
- BusinessBusiness and EconomyFinance & ServicesINVESTMENTNigeriaWestern Africa
Nigerian stock market investor records N148bn gain to end week
Investors at the Nigerian stock market recorded N148 billion on Friday to end the week on a bullish trend.At the end of Friday’s trading, details showed that market capitalisation rose …