Nigeria has recently reclaimed its position as Africa’s top destination for upstream oil and gas investment, buoyed by a successful 2025 marginal field licensing round that attracted over $1.3 billion in commitments from local and international players. However, despite...
United Bank for Africa (UBA) Group has been named Africa’s Bank of the Year 2025 by The Banker, the Financial Times’ prestigious global banking publication—marking its third win in five years, having previously received the honor in 2021 and...
The long-delayed Ibom Deep Seaport, a US$4.2 billion proposed deepwater port in Akwa Ibom State, is showing renewed signs of progress after more than a decade of delays. With land acquisition completed and environmental approvals secured, stakeholders now say...
Nigeria’s economy grew by 3.98% year-on-year in the third quarter of 2025, according to data released by the National Bureau of Statistics (NBS), marking a steady recovery fueled almost entirely by strong performance in the non-oil sectors. This Nigeria...
After suffering a staggering ₦6.54 trillion loss in November due to widespread panic selling over proposed 30% Capital Gains Tax (CGT) on stock transactions, the Nigerian Exchange (NGX) has opened December with a strong rebound—gaining ₦252.1 billion in market...
The Central Bank of Nigeria (CBN) has announced a major policy shift, reversing key elements of its strict cashless agenda by removing the cumulative limit on cash deposits and eliminating fees for excess cash deposits, effective January 1, 2026....
Africa’s tech ecosystem is staging a powerful comeback in 2025, with investor confidence surging as startups demonstrate stronger business fundamentals and improved paths to profitability. New data from October 2025 reveals that African startups raised $442 million—the second-highest monthly...
At the Africa Startup Festival 2025, held in Lagos—the beating heart of Africa’s entrepreneurial ecosystem—industry experts delivered a powerful message: long-term startup success isn’t about viral growth or headline-making funding rounds. It’s built on product credibility, strong governance, and...
The Nigerian Naira is under renewed strain at the start of the week as parallel market exchange rates show a slight uptick against major currencies, signaling growing pressure despite stability in the official Nigerian Foreign Exchange Market (NFEM). The...
Africa must stop waiting for foreign aid and start building its own sports future from within, according to a recent analysis that calls for a bold shift from reliance on shrinking Official Development Assistance (ODA) to homegrown, sustainable models...
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