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Congo Grants Visa-Free Access to All Africans from 2027
Republic of Congo announces visa-free entry for all African nationals starting January 1, 2027, joining a growing list of countries promoting open borders across Africa.
Category : Business
Fatimah Bamisedun: Innovator Turning Fragmentation into Opportunity
Fatimah Bamisedun, founder of ANRE Solutions, discusses cross-sector interoperability, her journey from Industrial Chemistry to KPMG, and building systems that connect fragmented industrial and digital environments.
Dangote Refinery Reverses Diesel Price to N1,700
Dangote Refinery has reversed its diesel price cut, raising the ex-depot cost from N1,600 to N1,700 per litre effective May 27, 2026, to protect coastal traders amid rising global crude oil prices.
World Bank Cancels $718 Million Nigeria Power Loan
Nigeria and World Bank cancel $717.7 million power sector loan amid crisis. Experts blame poor policy coordination and implementation failures.
NAICOM Issues First Insurtech Licence in Nigeria
NAICOM grants Nigeria's first operational insurtech licence to CBI Partering Insurtech Limited, marking a milestone in digital insurance expansion and regulatory innovation.
SEREC Seeks Balanced Regulation in Shipping Charges Row
SEREC urges balanced regulation protecting users and providers in Nigeria's maritime sector, following a petition against proposed shipping charge increases.
Cooking Gas Hits N2,000/kg, Strains Households
Cooking gas prices soar to N2,000 per kg in Nigeria, forcing families to ration usage and adjust meal plans amid rising costs.
Lagos State Targets 14,022 Housing Units by Year End
Lagos State Government has delivered 10,623 affordable homes over seven years and aims to reach 14,022 units by year end, despite a national deficit of 14.925 million units.
Sahara Starts Bunkering in Mauritania to Boost Maritime Trade
Sahara Group has commenced bunkering operations in Mauritania after obtaining a 2026 licence, aiming to strengthen the country's maritime hub status and improve vessel efficiency.
Igbo Business Leaders, SEDC Partner for Southeast Growth
Igbo business leaders and the South-East Development Commission partner for economic development, launching a £500m venture capital fund to empower youth and curb brain drain.
Healthy diet cost doubles after fuel subsidy removal
The cost of a healthy diet in Nigeria has risen by 119% since fuel subsidy removal in 2023, now at N1,541 daily per adult, driven by animal source foods and inflation.
Lagos-Ibadan Expressway gridlock over Kara market
Commuters faced severe gridlock on the Lagos-Ibadan Expressway due to Eid-el-Kabir trading activities at Kara Cattle Market, with ram prices tripling amid rising costs.
MTN Plans Fibre Investments for 8 Million Homes
MTN Nigeria plans to invest more in fibre to connect eight million homes in three years, shifting from mobile to fixed broadband, says exec Tobe Okigbo.
Champion Breweries Assures Investors of Sustainable Growth
Champion Breweries Plc reassures shareholders of sustainable growth despite economic challenges. Chairman Imo-Abasi Jacob highlights expansion, dividends, and new canning line.
$20B Guinea Port Project Leads Africa Maritime Growth
West and Central African nations eye $20B Guinea deep seaport to boost global trade competitiveness, with $27.8B in total port investments planned.
Nigeria's Economic Challenges and Path to Recovery
Nigeria faces economic hurdles including inflation and unemployment, but recovery is possible through policy reforms and diversification.
Petrol, Diesel Prices to Stay High as Crude Oil Above $100
The IEA warns that rising global crude oil prices above $100 per barrel will sustain high fuel costs, worsening Nigeria's energy crisis with petrol over N1200 per litre.
REA Expands Clean Energy Drive with Agro Deal
REA signs MoUs with NCX and YIN to boost clean energy, agro-industrial productivity, and innovation-led economic development in Nigeria.
Leveraging Nigeria's Youth for National Growth
Nigeria's youthful majority can drive national growth through intentional policies, empowerment, and good governance, as highlighted in the annual Pastor E.A. Adeboye Public Lecture.
E-Invoicing: Manufacturers' VAT Recovery Tied to Supplier Compliance
Under Nigeria's new e-invoicing system, manufacturers' input VAT recovery depends on suppliers' compliance, creating financial risks if vendors fail to onboard.
Quackery Threatens Construction Value Chain Development
Stakeholders blame unqualified workers for building collapses, call for stricter laws and professional control in Nigeria's construction sector.
CAP PLC Launches Spruce Mid-Tier Paint Brand
CAP PLC unveils Spruce, a new mid-tier paint brand under Dulux, targeting Nigeria's demand for affordable, quality paint solutions.
Indigenous Oil Firms Evade Niger Delta Clean-Up Funding
Indigenous oil companies and refineries have failed to contribute to Niger Delta clean-up, despite legal obligations, threatening long-term funding of the $6 billion programme.
Nigeria Becoming Africa’s Largest Fintech Hub, Says VC
Vice Chancellor Olu Akinkugbe of James Hope University says Nigeria is rapidly emerging as Africa’s largest fintech hub, with over 430 startups and a sector valued at over $10.6 billion.
TCN Boosts Abuja Power with 300MVA Transformer Upgrade
TCN has commissioned a 300MVA transformer at Katampe Substation, increasing capacity from 450MVA to 750MVA to improve electricity supply in Abuja.
Griffin Capital Launches Integrated Finance Platform
Griffin Capital Group unveils a fully integrated financial services platform in Nigeria, combining investment banking, asset management, lending, and insurance under one structure to boost capital mobilization.
12 of World's 20 Fastest Growing Economies in Africa: AfDB
The African Development Bank says 12 of the 20 fastest-growing economies globally are in Africa, with GDP growth projected at 4.5% in 2026 despite global challenges.
Fidelity Bank Gross Earnings Rise 38% in Q1 2026
Fidelity Bank Plc reported a 37.9% increase in gross earnings to N434.95 billion in Q1 2026, driven by strong interest income growth. Profit before tax stood at N92.48 billion.
Nigeria housing deficit nears 28 million units
Lagos State Government warns Nigeria's housing deficit could hit 28 million units without urgent intervention. Over 15 million homes are substandard.
12 of World's Top 20 Fastest-Growing Economies in Africa
African Development Bank President Sidi Ould Tah announced that 12 of the world's 20 fastest-growing economies are in Africa, with GDP growth stabilizing at 4.3% in 2026.
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