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AI Fraud Detection: A Game-Changer for Nigeria’s Financial Sector, Experts Say
ACCESSORIES
Africa Digital Productivity Hinges on Trust, Governance, and Inclusive AI—Elumelu Tells...
TikTok’s Success Boosts Founder to Top of China’s Rich List
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Dangote Group Zimbabwe Investment Revives After Decade of Delays
LATEST ARTICLES
Africa Investment Forum 2025 Rabat Outcomes Deliver $15.3 Billion in Investment Pledges
The Africa Investment Forum (AIF) 2025 Market Days, convened by the African Development Bank (AfDB) in Rabat, Morocco, concluded with $15.3 billion in confirmed investment interest pledged across 39 bankable infrastructure and industrial projects—marking one of the most successful editions since the forum’s inception. Held from November 18–20, 2025, the event brought together heads of state, institutional investors, private...
African Tech Startups Funding 2025 Surpasses $3 Billion in Major Rebound
Africa’s innovation economy has surged past a major milestone, with tech startups across the continent securing over $3 billion in funding for 2025—a robust 33% year-on-year increase that signals a strong recovery from the downturn seen in 2023 and 2024. This African tech startups funding 2025 rebound marks the highest annual total since 2021 and exceeds the full-year funding...
Abdulsamad Rabiu Bombardier Global 8000 Africa Ownership Sets New Benchmark
Nigerian industrialist and billionaire Abdulsamad Rabiu, ranked as Africa’s 4th richest person by Forbes 2025, has made history by becoming the first African owner of the Bombardier Global 8000, one of the most advanced and luxurious business jets in the world. The aircraft was officially delivered in late November 2025 at a private ceremony in Toronto, Canada, marking a...
Nigeria Oil Upstream Investment Production Gap Challenges New Licensing Gains
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 this renewed investor interest, the country faces a growing challenge: translating new license awards into actual production increases. This persistent...
UBA Bank of the Year 2025 Win Marks Third Triumph at The Banker Awards
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 2023. The recognition, announced at the 2025 Banker Awards in London, underscores UBA’s sustained excellence in financial innovation, pan-African reach,...
Ibom Deep Seaport Project 2025 Update Shows Renewed Momentum After Delays
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 the project is closer than ever to entering the construction phase—a critical step toward easing congestion at Nigeria’s existing ports...
Nigeria GDP Growth Non-Oil Sectors 2025 Drives 3.98% Q3 Expansion
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 GDP growth non-oil sectors 2025 trend underscores a significant structural shift in Africa’s largest economy—where agriculture, services, telecommunications, trade, and...
NGX December Rally After CGT Panic Sell Signals Market Resilience
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 capitalization on its first major trading day of the month. This NGX December rally after CGT panic sell marks a...
CBN Cashless Policy Reversal 2026 Marks Major Shift in Nigeria’s Financial Strategy
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. This CBN cashless policy reversal 2026 signals a significant recalibration of Nigeria’s financial inclusion strategy, acknowledging the realities of a...
African Tech Ecosystem Funding Rebound 2025 Signals Maturity and Investor Confidence
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 total of the year—highlighting sustained momentum across sectors like fintech, clean energy, healthtech, and AI-driven logistics. With year-to-date funding on...
