Business Climate and Economy

African startups raise $254 million in May as Egypt leads investment surge
June 12, 2025

Startups across Africa secured a total of $254 million in May 2025, marking a slight decline...

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Nigeria’s telecoms burn $350 million annually on diesel – Report
June 12, 2025

Nigeria’s telecom industry faces mounting operational costs, driven largely by its dependence on diesel-powered generators. According...

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Report: $4trn In African Savings Could Drive Industrial Boom
June 12, 2025

Africa Finance Corporation (AFC), the continent’s infrastructure solutions provider, has published the most comprehensive and up-to-date...

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CNG Investments Hit $500m –PCNGI Boss
June 12, 2025

The Programme Director and Chief Executive of the Presidential Compressed Natural Gas Initiative (PCNGI), Michael Oluwagbemi,...

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Nigeria, Sub-Saharan Africa Lead Global Mobile Money Surge With 1.1bn Accounts
June 12, 2025

Sub-Saharan Africa, spearheaded by Nigeria, has solidified its position as the undisputed global leader in mobile...

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Nigeria to spend N1.42 trillion on cervical cancer treatment by 2030 — Prof. Adewole
June 12, 2025

Nigeria is expected to spend approximately $903.79 million on the treatment of cervical cancer, with the...

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With $4bn Market Size, Nigeria’s Islamic Finance Industry To Surge In H2 – Fitch
June 12, 2025

Fitch Ratings forecasts a boom in Nigeria’s Islamic finance sector from the second half of 2025...

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June 12, 2025

Purchasing Managers Index (PMI) by Stanbic IBTC Bank revealed that business activities performance closed at 52.7...

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Nigeria Relaunches Talent Export Programme To Unlock $1trn Global Outsourcing Market
June 12, 2025

The federal ministry of Industry, Trade and Investment has relaunched the National Talent Export Programme (NATEP),...

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See 10 self-made sectors fueling Nigeria’s growth with limited government support
June 12, 2025

For an economy serving over 200 million people and valued at over $200 billion, government policies,...

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IATA reports 13.6% rise in African airlines’ international passenger demand in April 2025
June 12, 2025

African airlines saw a 13.6% rise in international passenger demand in April 2025 compared to April...

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Private sector credit rises to N77.9 trillion in April 2025
June 12, 2025

Credit to Nigeria’s private sector rose to $49.04 billion in April 2025, up from $47.97 billion...

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