The Nigerian petroleum downstream sector is set to witness another major milestone as Backbone Infrastructure Nigeria Limited (BINL) has announced plans to construct a $15 billion refinery with a capacity …
Economy
- EconomyEnergyInfrastructureINVESTMENTOil & GasTrade and Commerce
- EconomyInfrastructureInternational RelationsINVESTMENTTransportation & Logisitics
Deutsche Bank Leads $747m Loan for Lagos-Calabar Coastal Highway
German financial giant Deutsche Bank has led a group of international and regional lenders to provide a $747 million syndicated loan to fund the first phase of the Lagos-Calabar Coastal …
- EconomyEducationGOVERNMENTNigeriaPoliticsSecurity
Minister of Information Says Nigerian Economy is Improving
The Minister of Information and National Orientation, Mohammed Idris, has said that Nigeria’s economy is showing steady signs of improvement due to the series of reforms introduced by President Bola …
The International Monetary Fund (IMF) has pledged to maintain its support for Nigeria’s tax reform efforts through the Federal Inland Revenue Service (FIRS), especially as the country prepares to implement …
- BusinessEconomyInfrastructureTrade and CommerceTransportation & Logisitics
High Cost of Road Transport Threatens AfCFTA Goals
The rising cost of transporting goods across West Africa is putting pressure on Nigerian exporters and casting doubt on the feasibility of the African Continental Free Trade Area (AfCFTA) agreement. …
- BusinessEconomyFintechInnovationTechnology
Prime Startups Reaffirms Commitment to Scaling African Innovation
A Lagos-based technology firm, Prime Startups, has reiterated its dedication to turning innovative ideas into commercially successful businesses. The company said its focus is not just on nurturing bright startup …
- BusinessEconomyFintechTechnology
Transactpay Launches ₦20 Million Grant to Support Young Nigerian Entrepreneurs
A Nigerian fintech company, Transactworld Digital, has launched a new ₦20 million business grant to support young entrepreneurs and small businesses across the country. The initiative, called the Transactpay Thrive …
- EconomyEnergyInternational RelationsINVESTMENTZAMBIA
World Bank Urges Zambia to Boost Copper, Cobalt Production
The World Bank has advised the Zambian government to step up its efforts in the production of energy transition metals like copper, cobalt, and manganese, saying this is the key …
- DevelopmentEconomyInternational RelationsLesothoPolitics
Lesotho Declares State of Disaster Over Massive Youth Unemployment and Job Losses
Lesotho, a small landlocked country in Southern Africa with just over two million people, has officially declared a national state of disaster as youth unemployment and widespread job losses continue …
- EconomyFinance & ServicesInnovationInsurance
Ugandan Insurers Urged to Create Retirement-Focused Products
Ugandan insurance companies have been advised to develop more retirement-friendly insurance products to tap into the country’s fast-growing pension and retirement sector. This was the key message during the inaugural …