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 …
Security
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- BusinessEconomyFinance & ServicesINVESTMENTMarketsNigeriaSecurityTechnology
NASD Plc Returns to Profit with N212.5m in Q1 2025, Driven by Trading Growth and Product Innovation
Nigeria’s Over-The-Counter (OTC) securities exchange operator, NASD Plc, has reported a profit after tax of N212.5 million for the first quarter ended March 31, 2025, marking a strong comeback from …
- Central AfricaDevelopmentEconomyFood ProductionSecurityWestern Africa
UN Warns of Record Hunger in West and Central Africa as Over 36 Million Struggle to Eat
The United Nations World Food Programme (WFP) has raised alarm that over 36 million people in West and Central Africa are currently facing serious hunger. The organisation said the situation …
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African Union Launches New $100 Billion Agricultural Plan to Tackle Food Insecurity Across Africa
The African Union (AU) has unveiled a fresh agricultural strategy known as the Comprehensive African Agricultural Development Programme (CAADP) Strategy and Action Plan 2026–2035. The new plan, launched during a …
- Banking, Finance & InvestmentBusinessDigital EconomyFintechNigeriaSecurityTechnology
PalmPay Processes 15 Million Daily Transactions in Q1 2025, Targets Deeper Financial Inclusion
PalmPay, a fast-growing Nigerian digital bank, has announced a major milestone, revealing that it processed 15 million transactions daily during the first quarter of 2025. The announcement was made at …
- Digital EconomyGOVERNMENTNigeriaSecurityTechnologyTrade and Commerce
Galaxy Backbone, Nigeria Customs Service Explore Strategic ICT Collaboration
Galaxy Backbone Limited has shown interest in working closely with the Nigeria Customs Service (NCS) to improve digital systems that will help Customs carry out its work more efficiently. The …
- AfricaDevelopmentSecurityTransportation & Logisitics
MOWCA, AfDB Plan Red Sea Vessel Diversion, Dry Dock Projects to Boost West and Central Africa Maritime Trade
To strengthen maritime trade across Africa and respond to growing global shipping challenges, the Maritime Organisation of West and Central Africa (MOWCA) and the African Development Bank (AfDB) have announced …
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African Markets Update: Key Events and Economic Signals
African markets are navigating a busy day of economic indicators, political developments, and global trends on Thursday, May 8, 2025. From court decisions in Côte d’Ivoire to monetary policy announcements …
- BusinessBusiness InsightsBusiness PoliciesEconomyEnergyInfrastructureNigeriaOil & GasSecurity
Seplat Energy to Boost Gas Supply to Nigeria LNG by 12% Amid Pipeline Challenges
igeria LNG Limited is set to receive a major boost in gas supply as Seplat Energy has entered into a new preliminary agreement to supply over 150,000 tons of gas …
- AfricaAFRICA NEWSBusinessBusiness InsightsEnvironmentInfrastructureNigeriaOil & GasSecurity
Oil Spill Halts Operations on Okordia-Rumuekpe Pipeline in Rivers State
Renaissance Africa Energy Company Limited has confirmed that it has stopped crude oil transportation through its Okordia-Rumuekpe pipeline in Rivers State after an oil spill was discovered in Ikata community, …