Baobab Group has completed the sale of its majority stake in Baobab+ to BioLite, a renewable energy social enterprise based in the United States. The move marks a significant shift …
Economy
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AfricaBusinessEconomyEnergyFinance & ServicesNigeriaTechnologyWestern Africa
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BusinessBusiness InsightsEconomyEnergyFinance & ServicesMarketsNigeriaOil & Gas
TotalEnergies Declares N13.58bn Dividend Amid Shareholders’ Demand for Bonus Shares
otalEnergies Marketing Nigeria Plc has announced a total dividend payout of N13.58 billion for the 2024 financial year, even as shareholders continue to press the board to issue bonus shares—a …
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BusinessBusiness InsightsDangote IndustriesEconomyEnergyGOVERNMENTInfrastructureNigeriaOil & GasTrade and Commerce
DAPPMAN Says Dangote Refinery is Only Viable Option for Petrol Supply
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has said its members can only rely on the Dangote Petroleum Refinery for Premium Motor Spirit (PMS), also known as …
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AfricaBanking, Finance & InvestmentEconomyFintechInnovationINVESTMENT
Top 10 Short-Term Investments in Africa for Quick Returns in 2025
Looking to grow your money without locking it away for years? Short-term investments are perfect for African professionals, entrepreneurs, and savers looking to preserve or grow wealth within a 1–3 …
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AgricultureBusinessEconomyFood ProductionGOVERNMENTNigeriaPoliciesPoliticsSecurity
BUA’s Abdul Samad Rabiu Says Rice Prices Will Crash, Warns Hoarders
Chairman of BUA Group, Abdul Samad Rabiu, has declared that rice prices in Nigeria will crash soon, as his company has imported enough to feed the nation until the end …
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DevelopmentEconomyGOVERNMENTNigeriaPolitics
ADC Declares Itself Nigeria’s Coalition Party Ahead of 2027 Elections
The African Democratic Congress (ADC) has announced that it will serve as the coalition platform for opposition parties preparing to challenge the ruling party in the 2027 general elections. The …
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DevelopmentEconomyFinance & ServicesGOVERNMENTNigeriaOil & GasPolitics
FIRS and RMAFC Form Joint Committee to Strengthen Tax Monitoring and Boost Revenue Sharing
The Federal Inland Revenue Service (FIRS) and the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) have come together to set up a joint technical committee that will help improve how …
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AfricaBusinessBusiness InsightsDevelopmentEconomyEthiopiaINVESTMENTKenyaNigeriaNorth AfricaReal EstateSouth AfricaTravel & TourismWestern Africa
Nigeria Ranks Third in Africa for Hotel Development with 48 New Projects in the Pipeline
Nigeria has emerged as the third most active country in Africa for hotel development, with 48 hotel projects and 7,320 rooms currently in the pipeline, according to the 2025 Hotel …
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AfricaBusinessEconomyGOVERNMENTInfrastructureInnovationInternational RelationsManufacturingNigeriaTrade and Commerce
Nigeria, China to Deepen Trade Ties at 2025 China Commodities Expo in Lagos
Nigeria and China are set to boost trade relations through the 2025 China Commodities Expo-Nigeria, expected to host over 250 Chinese manufacturers and more than 5,000 business representatives in Lagos. …
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BusinessBusiness InsightsDangote IndustriesEconomyEnergyFinance & ServicesGOVERNMENTInfrastructureNigeriaOil & GasPolitics
Modular Refiners Kick Against Exclusion from FG’s Naira-for-Crude Deal Talks
The Crude Oil Refiners Association of Nigeria (CORAN) has raised alarm over what it called the continued exclusion of modular and smaller local refineries from the Federal Government’s ongoing discussions …