By Radarr Africa Business Desk LAGOS, October 27 (Radarr Africa) – Italian energy group Eni has completed the sale of its Nigerian subsidiary, Agip Energy and Natural Resources (AENR), to …
Business and Economy
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BusinessBusiness and EconomyBusiness Growth
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BusinessBusiness and EconomyBusiness GrowthNews
Dangote Says Africa Needs Reliable Power and Capital to Industrialise
Africa needs reliable electricity, stronger financial institutions and consistent industrial policies to become a global manufacturing powerhouse, Aliko Dangote, president of Dangote Group, has said. Speaking at the 2026 Financial …
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Nigeria’s film industry is attracting growing attention as a major contributor to the economy, but the absence of reliable financial records is making it difficult for investors to assess the …
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BusinessBusiness and Economy
Africa’s Financial Markets Hit Decade-High Scores, but Liquidity Remains a Hurdle
African financial markets have reached their highest average development score in a decade, but limited trading activity continues to restrict their ability to attract investment and provide long-term financing for …
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BusinessBusiness & MarketsBusiness and Economy
J.P. Morgan, Absa Target Nigeria as Foreign Banks Retreat from Africa
International and African banking groups are increasing their interest in Nigeria’s corporate and investment banking market, even as some European lenders scale back operations across the continent. J.P. Morgan plans …
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BusinessBusiness & MarketsBusiness and Economy
Nigeria’s PMI Accelerates in Q3 as Business Activity Strengthens
Nigeria’s private-sector activity strengthened in the third quarter of 2026, with purchasing managers’ surveys showing faster growth in September as demand improved and industrial activity recovered. The Central Bank of …
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BusinessBusiness and EconomyBusiness and Investment
Seplat, Aradel Share Gains Add $430m to Billionaire’s Wealth
Samuel Dossou-Aworet, a Beninese billionaire and founder of Petrolin Group, saw the value of his investments in Seplat Energy and Aradel Holdings increase by $430 million in the third quarter …
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BusinessBusiness and EconomyBusiness Growth
Lower Interest Rates Could Boost Nigerian Businesses’ Profits and Tax Revenue
Nigeria’s recent interest rate reduction could eventually increase government tax revenue if lower borrowing costs encourage businesses to expand operations, improve profitability and generate higher taxable income. The Central Bank …
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Africa EconomyBusiness and EconomyEconomyOil & GasUncategorized
Rising Oil Prices Put Africa’s Inflation Gains at Risk
Africa’s recent progress in bringing down inflation is facing renewed pressure as global oil prices climb, raising concerns that higher energy and transport costs could reverse some of the gains …
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The Crude Oil Refinery-Owners Association of Nigeria has called on the Federal Government to reduce and eventually end unnecessary petroleum product imports by maximising the country’s domestic refining capacity. The …