Here Are Africa’s Most Developed Financial Markets in 2022
South Africa, Mauritius and Nigeria maintain their positions in the top three this year. Uganda rose two places to fourth, while Namibia and Kenya improved[more...]
Category: Business
Cooking Gas Price Increases by 86.62% in One Year – NBS
The average price of 5kg of cooking gas increased from N4,456.56 in August to N4,474.48 in September, the National Bureau of Statistics (NBS) has stated.[more...]
Keep off Blue-Line rail to avoid electrocution- Sanwo-Olu warns Lagosians
The Lagos State Governor, Babajide Sanwo-Olu, has disclosed that the Blue-Line rail is an electrified system hence Lagosians should steer clear of the tracks when[more...]
CBN Marks 1st Anniversary of eNaira
The Central Bank of Nigeria (CBN), has unveiled activities to mark the first anniversary of its digital currency, the eNaira. The eNaira, which is Africa’s[more...]
UNIBEN Ranks 6th Best in Global Universities Ranking
The University of Benin (UniBen), Edo, Nigeria has been ranked 6th by the Times Higher Education (THE) in its latest World Universities rankings for Nigeria.[more...]
The Top 10 Hungriest African Countries in 2022
The 2022 Global Hunger Index (GHI) is out, and it has left the government fuming. The recently-released report was prepared jointly by the Irish aid[more...]
China Opens Police Station in Nigeria
The Chinese government has opened police stations in Nigeria and in over 20 countries in Europe, the Americas, Asia and Africa in its effort to[more...]
Meet The Top 5 Richest Men in Africa in October 2022
The list is courtesy of Bloomberg. It contains global ranking, profit or loss margin, and year-to-day financial margins. The playing field in which billionaires operate[more...]
Nigeria’s Inflation Rate Hits 20.8%, Highest in 17 Years
The effects of the soaring food process and supply chain disruptions have further worsened the Nigerian economic system as the inflation rate has just jumped[more...]
The 20 Leading Companies in Africa in 2022
The list was compiled by Statista in August 2022. South African multinationals dominate this list. The list compiles the most valuable companies in Africa based[more...]
Lagos Deep Seaport Project to Generate $53 Billion and Create 250,000 Jobs
The governor of Lagos state has revealed that the deep sea port project commissioned in his state would generate around $53 billion during its concession[more...]
LCCI Calls for Privatisation of Power Transmission
Barely 24 hours after the federal government denied speculation that it was ready to privatise the Transmission Company of Nigeria (TCN), the Lagos Chamber of[more...]
Firm Set to Establish Africa’s Largest Farmers’ Market in Nigeria
An integrated agro-business company, First Aquagrico Farms Nigeria Ltd., is perfecting arrangements to establish Africa’s largest farmers market in the country. The company said this[more...]
E-payment Transactions Rise to ₦32.8trn in 2022 as More Nigerians go Cashless
the September 2022 figure shows an increase of 39.5% in comparison with the ₦23.5 trillion recorded in the same month last year. The Nigeria Inter-Bank Settlement[more...]
Nigerian Government Approves N203bn MTN Takeover of Enugu-Onitsha Road
The Federal Executive Council, on Wednesday, approved MTN’s takeover of the construction of the Enugu-Onitsha Expressway at over N202.8bn under the road Infrastructure Tax Credit[more...]
Dangote Refinery at 97% Completion – NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the Dangote petroleum refinery is at 97 per cent completion. NMDPRA’s Chief Executive, Mr Farouk[more...]
Foreign Education Gulped $609.5m in Eight Months — CBN
Nigerians spent $609.5m on foreign education between January and August 2022, The PUNCH has learnt. The figure is contained in the data obtained from the Central Bank[more...]
The Tony Elumelu’s Top Seven Rules For Success
He's an economist by training, a visionary entrepreneur and a philanthropist. He's the Chairman of Heirs Holdings, the United Bank for Africa, Transcorp and founder[more...]
Expert Predicts Africa To Lead in Bitcoin Adoption
A global Bitcoin adoption technology company, Fedi, has said that Africa will take the lead in Bitcoin adoption. The Chief Executive Officer, Fedi, Obi Nwosu,[more...]
The Top10 Performing Airlines in Africa – 2022
Ethopia Airlines ranked number 1 again for the second time in two years. Two South Africa based airline makes the list. Only two of the[more...]
