The Central Bank of Nigeria (CBN) has declined the nomination of Dr. Adewale Bolorunduro, a former Commissioner for Finance in Osun State, as a Director of the state-owned Living Trust …
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.
- Banking, Finance & InvestmentFinance & ServicesGOVERNMENTNigeriaPoliticsWestern Africa
- EconomyEnergyGOVERNMENTInfrastructureNigeriaWestern Africa
Federal Government Allocates N471.69 Billion for Electricity Subsidies in Q4 2024
The Federal Government of Nigeria has provided N471.69 billion in subsidies to support the nation’s electricity sector during the fourth quarter of 2024. This subsidy accounts for approximately 57% of …
- AgribusinessAgricultureBusinessBusiness and EconomyEconomyNigeriaWestern Africa
JR Farms and Cross River State Collaborate to Establish 30,000-Hectare Coffee Plantation
A Nigerian agribusiness company, JR Farms, has partnered with the Cross River State Government to develop a 30,000-hectare coffee plantation across the state’s 18 local government areas over the next …
- AfricaBusinessGOVERNMENTINVESTMENTNigeriaTrade and CommerceWestern Africa
Trade Ministry Calls Urgent Meeting Over FRCN Levy Dispute
The Federal Ministry of Industry, Trade and Investment has called an emergency meeting to address the growing concerns over a new levy introduced by the Financial Reporting Council of Nigeria …
As the week commences, several developments are poised to influence African markets. Financial markets exhibited mixed signals on Monday. U.S. stock futures experienced an uptick, while the dollar displayed volatility. …
- Business PoliciesEconomyFinance & Services
Nigeria and Brazil Forge $1.1 Billion Pact to Enhance Food Security
In a significant move to bolster agricultural productivity and ensure food security, Nigeria and Brazil have entered into a $1.1 billion agreement. This collaboration aims to enhance Nigeria’s agricultural infrastructure …
- Business and EconomyEconomyHealthcareNigeriaWestern Africa
Generic Drugs May Lower Prices for Ozempic and Keytruda
Blockbuster drugs like Ozempic and Keytruda, which have long carried hefty price tags, may soon become more affordable as their patents near expiration. Industry experts believe that when the exclusive …
- AfricaBusiness PoliciesEconomyNigeriaWestern Africa
Tax Reform Set to Eliminate Regulatory Bottlenecks and Boost MSMEs Growth
Policymakers are calling for sweeping tax reforms aimed at removing regulatory bottlenecks that have long stifled business expansion. The push for reform comes as industry players warn that cumbersome tax …
- BusinessBusiness and EconomyCyber securityFinance & ServicesFintechNigeriaTechnologyWestern Africa
Worries Over Fintech-Driven Fraud Cases
The Professional Excellence and Development Institute of Nigeria (PEDIN) has inaugurated a new set of state executives, in a bid to deepen professional ethics, leadership capacity and career development across …
- BusinessBusiness and EconomyEconomyGOVERNMENTNigeriaWestern Africa
FG Identifies 457 Illegal Mining Sites Nationwide, Vows Tough Crackdown
The Federal Government has disclosed that a total of 457 illegal mining sites have been identified across Nigeria within the past year, a revelation that underscores the scale of unregulated …