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Business
China’s import from Nigeria reaches N25.7 trillion by September

China’s import from Nigeria reaches N25.7 trillion by September

China’s imports from Nigeria increased by 36.1 percent year-on-year, reaching an all-time high of $15.1 billion (about N25.7 trillion) between January and September 2024. The Acting Consul General of the Consulate-General of China, Mr Jin

Business
Ghana is 6th most attractive investment destination in Africa in 2024 – Report

Ghana is 6th most attractive investment destination in Africa in 2024 – Report

A 2024 Rand Merchant Bank (RMB) “Where to Invest in Africa” report has revealed that Ghana is ranked 6th in Africa as the most attractive investment country. The report said that Ghana represents a substantial

Business
FG urges investors to tap into Nigeria’s $2bn sugar industry

FG urges investors to tap into Nigeria’s $2bn sugar industry

The federal government has called on local and international investors to tap into the country’s sugar market, estimated at $2 billion. Executive Secretary and CEO of the National Sugar Development Council (NSDC), Kamar Bakrin, who made the

Business
Algeria Unveils Six Onshore Blocks to Upstream Investors

Algeria Unveils Six Onshore Blocks to Upstream Investors

Algeria’s National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) presented six onshore conventional licencing opportunities at African Energy Week: Invest in African Energies on Thursday. The six high-potential opportunities consist of a mix of

Business
WTO confirms Ngozi Okonjo-Iweala as sole candidate for DG

WTO confirms Ngozi Okonjo-Iweala as sole candidate for DG

The World Trade Organisation (WTO) confirmed on Saturday that Ngozi Okonjo-Iweala, the incumbent Director-General, is the sole candidate nominated to lead the organisation for a second four-year term. Ambassador Petter Ølberg of Norway, chair of the General

Business
Radisson Academy comes to Nigeria

Radisson Academy comes to Nigeria

The new Managing Director for Africa at Radisson Hotel Group in English-speaking countries, Sandra Kneubuhler, has revealed that the group’s business school, Radisson Academy, will be berthing in Nigeria next year. Speaking with selected journalists during

Business
Energy crisis hampering Nigeria’s industrial growth — MAN

Energy crisis hampering Nigeria’s industrial growth — MAN

The Manufacturers Association of Nigeria (MAN) has said that the epileptic energy sector in Nigeria is severely hindering the growth of the nation’s industrial sector and its ability to attract investments and create jobs. President

Business
A New Digital Health Platform for Africa

A New Digital Health Platform for Africa

As the use of digital tools for effective healthcare delivery gradually takes foothold in Africa, the Africa CDC has unveiled a new platform that caters for differing needs in technology, including access, cost and infrastructure

Business
Dangote Refinery in advanced talks with 8 African countries over fuel supply deals

Dangote Refinery in advanced talks with 8 African countries over fuel supply deals

Dangote refinery’s management is at the advanced stages of negotiations with South Africa, Angola, Niger Republic, Chad, Burkina Faso and Central Africa Republic and Namibia to start lifting fuel. Apart from Premium Motor Spirit (PMS),

Business
Nigeria’s fuel price continues to increase despite a declining importation rate

Nigeria’s fuel price continues to increase despite a declining importation rate

The landing cost of petrol in Nigeria has dropped by 20.34% within the last 3 months, as per a report by the Nigerian newspaper, the Punch. This, unfortunately, has not been reflected in the retail cost