The House of Representatives has passed a bill that will allow foreign investors to acquire Nigerian citizenship, a move aimed at attracting more investment into the country. The bill, which …
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.
- Business and EconomyGOVERNMENTNigeriaPoliticsWestern Africa
- AgricultureDevelopmentEconomyFood ProductionGOVERNMENTNigeriaPoliciesSecurityWestern Africa
Lagos Unveils Three-Pillar Proposal to Tackle Food Insecurity
The Lagos State Government has introduced a three-pillar proposal to address Nigeria’s growing food insecurity, focusing on boosting food production, improving storage facilities, and reducing wastage. Speaking at the launch …
- EconomyEnergyNatural ResourcesNigeriaOil & GasPoliticsWestern Africa
Bill to Give States Control Over Oil and Mineral Resources Passes Second Reading
The House of Representatives has passed the second reading of a bill that seeks to grant state governments full control over oil and mineral resources within their territories. If passed …
- Business and EconomyDigital EconomyNigeriaTelecommunicationsWestern Africa
MTN Nigeria Increases Weekly Data Plan to 6GB for N2,500
Telecommunications giant, MTN Nigeria, has adjusted its weekly data plan, increasing the allocation to 6GB for N2,500. This comes as part of the company’s ongoing review of its data offerings …
Nigeria’s foreign trade via maritime transport surged by 91% in 2024, reaching N130.75 trillion, up from N68.44 trillion in 2023, according to the National Bureau of Statistics (NBS). Exports dominated …
- Banking, Finance & InvestmentDigital EconomyEconomyFinance & ServicesFintechNigeriaTechnologyWestern Africa
Bankit MFB Uses Games to Teach Nigerians About Money
Bankit Microfinance Bank (MFB), a Pan-African fintech company, is using games to help Nigerians learn about managing money better. The bank believes that by making financial education fun, more people …
- Eastern AfricaEconomyEnergyEthiopiaGOVERNMENTPoliciesTransportation & Logisitics
Ethiopian Government Raises Fuel Prices Amid Scarcity and Black Market Surge
The Ethiopian government has once again increased fuel prices, raising concerns among citizens already grappling with widespread shortages and the rising cost of living. The new prices took effect on …
Samsung Electronics has announced the sudden passing of its co-CEO, Han Jong-Hee, at the age of 63 due to a heart attack. Han, who joined Samsung in 1988, played a …
- Business PoliciesEconomyFinance & Services
CBN Intensifies Measures Against Forex Speculators Amid Naira Depreciation
The Central Bank of Nigeria (CBN) is preparing to implement additional strategies to combat foreign exchange (forex) speculators, aiming to stabilize the naira, which has been experiencing a decline in …
- AfricaBusinessDigital EconomyEconomyInnovation
Cassava Technologies Partners with Nvidia to Build Africa’s First AI Factory
Cassava Technologies has partnered with Nvidia to launch Africa’s first artificial intelligence (AI) factory, a move set to transform digital infrastructure on the continent. The company, founded by Zimbabwean entrepreneur …