Ghana is bracing for a three-week power outage following a significant reduction in gas supply from Nigeria, exacerbating the country’s ongoing energy crisis. The Ghana Grid Company (GRIDCo) announced that …
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Spotlight
Lagos State has established itself as the leading economic hub in Nigeria, generating over 75% of its revenue internally. This impressive feat highlights the state’s strong economic foundation and effective …
- AfricaAFRICA NEWSSpotlight
Afreximbank disburses $40m to assist Fidelity Bank’s acquisition of Union Bank UK
by Editorby EditorThe African Export-Import Bank (Afreximbank) provided Fidelity Bank with a $40 million facility to enhance Nigeria’s banking sector by aiding its acquisition of Union Bank UK. This development was disclosed …
- AfricaAFRICA NEWSSpotlight
Suspension of $300 Helicopter Landing Levy Deemed Right Step
by Editorby EditorThe Nigerian government’s decision to suspend the $300 helicopter landing levy has been praised by industry stakeholders and business leaders. This move is anticipated to stimulate economic activities and alleviate …
The business jet market is experiencing significant growth across Africa, as increasing demand for private air travel reflects the continent’s burgeoning economic potential and the rising number of high-net-worth individuals. …
In a strategic move that could have significant implications for the global oil market, the Organization of the Petroleum Exporting Countries (OPEC) announced plans to gradually unwind its production cuts. …
- AfricaAFRICA NEWSSpotlight
Airlines Cancel, Delay Flights as Unions Shut Entrances Over Strike Action
by Editorby EditorLAGOS, Nigeria – Airlines have been forced to cancel and delay numerous flights as unions block entrances to airports nationwide amid ongoing strike action. The industrial action, which began early …
- AfricaAFRICA NEWSSpotlight
Shelve Your Strike, Return to Negotiation – Police Tell Labour Unions
by Editorby EditorABUJA, Nigeria – The Nigerian Police Force has urged labour unions to suspend their planned strike action and return to the negotiation table with the government. In a statement released …
- AfricaAFRICA NEWSSpotlight
Nigerian Drugmakers See 58% Revenue Rise as Prices Soar
by Editorby EditorNigerian pharmaceutical companies have reported a significant surge in revenues, recording a 58% increase, driven by soaring prices across the sector. This remarkable revenue boost reflects the industry’s adaptation to …
- AfricaAFRICA NEWSSpotlight
Supermarkets experience increased sales due to faster deliveries, credit options
by Editorby EditorSupermarkets across the country are experiencing a surge in sales, driven by the introduction of faster delivery services and attractive credit offerings. Major retail chains have reported a significant increase …