Emerging Markets

Ventures Platform secures $84 million for second pan-African tech Fund

Ventures Platform, an African seed stage venture capital firm, has announced the final close of its second institutional fund, Ven…

Will Omar Marmoush’s loan move boost Tottenham’s attack?

Tottenham Hotspur have agreed a loan deal to sign Manchester City forward Omar Marmoush, with a £60 million buyout clause read mor…

Nico Gonzalez: What £52m signing brings to Newcastle United

Newcastle United have agreed a deal worth up to £52 million for Manchester City midfielder Nico Gonzalez as the Magpies read more …

Experts project N100bn revenue, 250,000 from waste recycling in Nigeria by 2030

Environmental engineers have projected that Nigeria could generate N100 billion in revenue from waste recycling by 2030, while cre…

Atiku will restore petrol subsidy, phase it out later — Ibe

Paul Ibe, Spokesperson for former Vice-President Atiku Abubakar, has said the African Democratic Congress (ADC) Presidential candi…

MTN gets NCC Approval-in-Principle for IHS deal, but final clearance hangs on conditions

MTN Nigeria has secured an Approval-in-Principle (AiP) from the Nigerian Communications Commission for its proposed acquisition of…

Nigeria may lose over $50bn FDI to Atiku’s subsidy restoration plans – IMPI

…says ‘local transport will rise 40% above current rates’ The Independent Media and Policy Initiative (IMPI) on …

Organisation set to build next generation of women-led health solutions in Nigeria

An organisation, Heels and Tech, has continued its drive to equip women innovators with the knowledge, technology, mentorship and …

SpaceX bets $100bn on giant Louisiana Starbase as Musk scales up Starship ambitions

SpaceX is planning to invest up to $100 billion to build a massive new Starship launch complex in southern Louisiana read more Spa…

Despite cashless policy, currency in circulation surges 72% as inflation bites

…Naira stock hits N5.73 trn, but real value falls 14% Nigeria’s currency in circulation rose 72.4% in five years to read mor…

Policy reform, industrial capacity key to Nigeria’s petro-economy – Indorama MD

For Nigeria to attain her full potential as a petroleum-powered economy, she needs to chart strategic policy reforms and facilitat…

AI, citizen monitors raise stakes for INEC ahead of 2027 presidential election

Artificial intelligence and citizen-led election monitoring are poised to fundamentally change the dynamics of Nigeria’s 2027 pres…

State police will address gaps in Nigeria’s centralised policing system – Gbajabiamila

Femi Gbajabiamila, Chief of Staff to President Bola Tinubu, has said that the Federal Government’s proposed state police reform ai…

Crude oil sheds nearly $9 as Iran, Oman work to reopen Strait of Hormuz

The price of Brent crude has fallen by nearly $9 per barrel in the past seven days, representing a decline of about 9.6%, as renew…

SureGifts Launches ‘Beyond Cash’ report as Nigeria’s corporate rewards economy hits ₦150 Billion

Twice as much reward value has been issued since the start of 2024 as during the entire preceding decade, while 79.1% of redemptio…

Naira trades at N1,838/£1 against British pound as traders await US inflation data

Nigerian Naira shed slight value against the British Pound in the Nigerian market (both NFEM and parallel). The post Naira trades …

CBN to sell N700 billion Treasury Bills today in second August auction

The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), will offer N700 billion across the 91-day, 182-d…

Atiku vows to restore petrol subsidy, rejects aide’s conflicting position

Presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has insisted that he will restore petrol subsidy …

FG blames concessionaire for Benin-Asaba road failure, plans concession review

The Federal Government has blamed the concessionaire of the Benin-Asaba Expressway for the deteriorating condition of the highway …

Dangote Refinery raises petrol price again to N1,200/litre

Dangote Refinery has raised its gantry price for Premium Motor Spirit (PMS), popularly known as petrol, by N15 to N1,200 read more…

Nigeria doesn’t need another fuel subsidy debate. It needs a credible mechanism

When former Vice President Atiku Abubakar unveiled the petroleum component of the Atiku Economic Recovery Plan (AERP), the immedia…

Agri-processing is the anchor load rural mini-grid need – PIND CEO

As West Africa navigates the dual pressures of macroeconomic shifts and climate change, the race to build sustainable, climate-res…

IMF urges Nigeria, AU’s largest economies to deepen fiscal, monetary, governance reforms

The International Monetary Fund (IMF) has called on Nigeria and other major African economies to deepen reforms across fiscal poli…

Cloud dependence exposes African AI startups to hidden cost risks – Expert

African AI startups could be exposed to hidden financial and operational risks from their dependence on cloud computing providers,…