Africa’s wealthiest man, Aliko Dangote, surprised many Nigerians by revealing that he does not possess property outside the country. Instead, he stated that he owns residences in his hometown of …
Category:
AFRICA NEWS
- AfricaAFRICA NEWSPolitics
FAAC disburses N1.354 trillion to FG, states, LGs in July, up by N200bn
by Editorby EditorThe Federal, State, and Local Governments received an increased monthly disbursement of over N200 billion, rising from N1.143 trillion in June to N1.354 trillion in July 2024. The Federation Account …
- AfricaAFRICA NEWSEconomy
IMF Projects 3% Growth for Nigeria in 2025, Outpacing Most Emerging Markets
by Editorby EditorThe latest World Economic Outlook from the International Monetary Fund (IMF) predicts a 3% growth rate for Nigeria in 2025, slightly lower than the 3.1% forecasted for 2024. However, this …
- AfricaAFRICA NEWSSpotlight
Nigerians to pay N688,000 document verification fee as condition for UAE visa
by Editorby EditorTravellers from Nigeria heading to the United Arab Emirates (UAE) must now pay a non-refundable document verification fee of N688,000. Paying the document verification fee is a requirement set by …
- AfricaAFRICA NEWSSpotlight
Court rejects Emefiele’s request to travel abroad for medicals
by Editorby EditorThe High Court of the Federal Capital Territory in Maitama declined the former Governor of the Central Bank of Nigeria, Godwin Emefiele’s request to travel to the United Kingdom for …
- AfricaAFRICA NEWSBusiness Policies
New Report Highlights Best Practices to Support African Businesses
by Editorby EditorNew Country Policy and Institutional Assessment Report for Africa Highlights Best Practices to Support African BusinessesThe annual Country Policy and Institutional Assessment (CPIA) for Africa confirms that countries in Sub-Saharan …
- AfricaAFRICA NEWSBusiness Policies
Economic integration: FG promotes unified business laws for Africa
by Editorby EditorThe Federal Government emphasizes the importance of African countries adopting unified business laws to boost investment and facilitate economic integration. Mr. Adegboyega Oyetola, the Minister of Marine and Blue Economy, …
- AfricaAFRICA NEWSBusiness Policies
Nigeria’s food importation policy could destroy agriculture sector – Adesina
by Editorby EditorAkinwumi Adesina, the president of the African Development Bank, has warned that Nigeria’s decision to permit large-scale food importation could harm the country’s agriculture sector. On July 10, Nigeria’s agriculture …
- AfricaAFRICA NEWSEntrepreneurship
Nala Raises $40 Million to Expand Consumer Business Beyond Africa
by Editorby EditorNala has secured $40 million in Series A funding to grow its consumer business globally and develop its B2B payment platform in Africa. Nala announced in a blog post on …
- AfricaAFRICA NEWSSouth AfricaSouthern Africa
South Africa Turns to Nuclear Option to Address Power Concerns
by Editorby EditorThe South African government recently unveiled plans to incorporate nuclear energy into its strategy to resolve the nation’s persistent electricity issues. Minister of Electricity and Energy, Kgosientsho Ramokgopa, emphasized that …