AfDB Warns Africa Trade Finance Gap May Reach $86.6 Billion
The African Development Bank warns Africa's trade finance gap could reach $86.6 billion by 2027 due to geopolitical tensions, rising energy costs, and tighter credit conditions.
Category : Business
CPPE Hails 3.89% GDP Growth, Urges Stronger Capacity
CPPE praises Nigeria's 3.89% Q1 GDP growth, highlighting non-oil sector dominance but warns sustainable transformation needs industrialisation and higher value addition.
Unions Reject AfDB, World Bank Mission 300 Plan
Labour unions in Nigeria and Africa reject the AfDB-World Bank Mission 300 electricity initiative, warning it may increase debt without delivering sustainable power.
Toyota Introduces 2026 RAV4 to Nigerian Market
Toyota-by-CFAO Nigeria launches the 2026 RAV4, offering global-spec SUVs with a 3-year warranty, nationwide service, and three variants. Deliveries begin immediately.
Union Bank Upgrades Lagos School via Employee-Led CSR
Union Bank's UnionCares programme renovates Ansar-Ud-Deen Primary School in Ebute-Metta, providing toilets, classrooms, borehole, generator, and learning materials.
Telcos May Introduce Data Calculator to Curb Complaints
Nigerian telcos are considering a data calculator tool to help subscribers measure usage and address rising complaints about data depletion.
Wema Bank Names 10-Year-Old as One-Day CEO for Children's Day
Wema Bank named 10-year-old Chinamanda Diamond Ozoakpata winner of its 2026 One-Day MD/CEO Children's Day, promoting financial literacy and early leadership among Nigerian children.
Tinubu Reforms: Macro Stability Amid Economic Survival Strain
Three years after President Tinubu's economic reforms, macroeconomic indicators show recovery, but Nigerians face rising costs and weak purchasing power.
N4.65 Trillion Recapitalisation: Capital Market Matures
Nigeria's banks raised N4.65 trillion in a historic recapitalisation, signalling capital market maturity, investor confidence, and regulatory coordination, according to a report.
Talent Development Thrives with Ownership Mindset
Camille Petersen argues that talent development succeeds when managers and employees co-own growth, embedding learning into daily work for strategic workforce readiness.
Nigeria's Economy and Statistical Manipulation Analysis
An in-depth look at how fiscal opacity, hidden budgets, and data manipulation threaten Nigeria's economic stability and democratic trust.
African Airlines Cargo Demand Up 7.7% in April 2026
African airlines saw a 7.7% cargo demand increase in April 2026, surpassing the global average of 4%, while capacity dropped 9.4% year-on-year.
State airlines not in economic interest, says expert
Olufemi Adeniji, CEO of Nigame Aircraft Consultancy, criticizes state-owned airlines as unsustainable and a way to siphon funds, citing poor maintenance and lack of economic viability.
Transport Reforms in Abia, Enugu: Progress and Pain
Enugu and Abia states push multimodal transport integration, but residents cite livelihood losses, inadequate compensation, and neglect of other sectors.
Nigeria Lags in Multimodal Logistics: Inefficiency, Corruption
Nigeria's multimodal logistics system is plagued by poor infrastructure, corruption, and fragmented regulation, driving up costs and weakening economic competitiveness.
NIHORT trains 67 farmers on plantain, banana varieties
NIHORT trained 67 farmers on rapid multiplication of new plantain and banana varieties HORTIPLAN and HORTIBAN, boosting productivity and food security.
IFSERAR, Alliance Farms Partner on Livestock Production
IFSERAR and Alliance Farms collaborate to advance data-driven livestock production, focusing on genetic improvement, nutrition, and digital monitoring to boost efficiency and productivity.
Companion Calls for Strategic Zakat System for Welfare
The Companion, an association of Muslim professionals, calls for a strategic zakat system to reduce poverty, distributing N133 million to 260 beneficiaries across six states.
Cassava Sorbitol Production to Reduce Nigeria's Imports
Nigeria, the world's largest cassava producer, can produce sorbitol locally to meet industrial demand, reducing reliance on imports. A new plant in Oyo State leads the way.
How Much to Be Considered Rich in Nigeria? Explained
Discover the income thresholds for being considered rich in Nigeria. Earning ₦2 million monthly places you among the top earners. Learn more.
NELFUND Denies Suspension of Student Upkeep Allowances
NELFUND refutes fake reports of student upkeep suspension, warns against AI-generated misinformation, and confirms continued disbursement.
Power Grid Vandalism: A National Economic Emergency
Nigeria loses ₦15 billion daily due to electricity infrastructure vandalism. This crisis of poverty, crime, and policy failure demands urgent action.
Nigeria Signs Aviation Development Deal with AfDB
Nigeria signed a Letter of Intent with the African Development Bank to boost aviation development and infrastructure across Africa.
Segilola Resources Commissions Water Factory, Road in Osun
Segilola Resources commissions community-owned water factory and road projects in Osun, creating over 80 jobs and boosting economic growth.
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Forex Brokers from Seychelles Top 5 Picks 2026
Discover the top 5 Forex brokers from Seychelles for African traders in 2026, focusing on trust, reliability, and modern trading platforms.
Nigerian Solar Engineer Displays Fast-Charging Battery
A Nigerian solar engineer shared a viral post about a 16kWh battery that charges extremely fast. The post sparked reactions from netizens concerned about installation safety.
Tinubu Hails Olanipekun's Healthcare Donation in Ekiti
President Tinubu commends Chief Wole Olanipekun for donating a modern healthcare facility in Ikere-Ekiti, highlighting private sector's role in improving rural health systems.
SEDC Unveils Winners of SE Venture Capital Programme
The South East Development Commission reveals winners of its first Venture Capital Pitch Competition, supporting startups in healthcare, AI, clean energy, and more.
AfDB Appoints Keyamo Champion for $7bn Africa Aviation
AfDB appoints Nigeria's Festus Keyamo as African Champion for $7bn Integrated Aviation Transformation Programme, aiming to revolutionize Africa's air transport sector.
NATOP South West Inaugurates Oyo State Chapter
The Nigeria Association of Tour Operators inaugurates its Ibadan chapter, marking a milestone for the South West Zone and Oyo State.
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