By Esther Ososanya Former President Olusegun Obasanjo has delivered a searing critique of Africa’s development failures, blaming the continent’s stagnation on its dependency mindset, corruption, and a misfit political system. Speaking on Thursday at the 32nd Annual Meeting of Afreximbank in Abuja, Obasanjo lamented that despite vast resources and human capital, African nations remain stuck …
Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has called for deeper strategic unity among African nations, as the African Export-Import Bank (Afreximbank) grows its capital assets to over $40 billion in 2024. Cardoso made the call on Wednesday while addressing participants at the Afreximbank 2025 Annual Meetings in Nassau, The Bahamas, themed …
Airspace restrictions across Qatar, the UAE, Bahrain, and Kuwait have been lifted following a night of heightened military tensions between the United States and Iran. The countries, which briefly suspended civilian aviation, have now reopened their skies, allowing airlines to gradually resume operations. According to TravelBiz, the temporary closures followed Iranian retaliatory strikes targeting American …
By Esther Ososanya With inflation easing, revenues surging, and foreign investments making a comeback, the Federal Government says its bold economic reforms are beginning to pay off. Finance Minister, Wale Edun has assured Nigerians that President Bola Tinubu’s Renewed Hope Agenda is transitioning into a decisive growth phase focused on boosting productivity, creating jobs, and …
Sunday Michael Ogwu A new directive from the Securities and Exchange Commission (SEC) has triggered anxiety across Nigeria’s capital markets, as operators scramble to understand the scope and implications of newly imposed tenure limits for directors of Capital Market Operators (CMOs). In a circular released last Friday, the SEC announced that directors of CMOs …
By Esther Ososanya Top African and Caribbean leaders, global economists, and private sector giants are expected in Abuja, Nigeria, from June 25 to 27, 2025, for the 32nd Annual Meetings (AAM2025) of the African Export-Import Bank (Afreximbank). The bank disclosed this in an official statement issued on Friday, noting that this year’s meetings will …
By Esther Ososanya Nigeria is bracing for a fresh surge in consumer prices as escalating hostilities between Israel and Iran send shockwaves through global commodity markets, pushing Brent crude toward US$130 per barrel. Though the oil rally promises windfall revenues for Africa’s largest producer, analysts warn that any fiscal boost could be eclipsed by a new wave …
The Federal Government has reaffirmed its commitment to tackling Nigeria’s infrastructure challenges through bold, transparent partnerships with the private sector. President Bola Ahmed Tinubu, represented by Vice President Kashim Shettima, made the call while declaring open the 2025 Nigeria Public Private Partnership (PPP) Summit in Abuja. Organised by the Infrastructure Concession Regulatory Commission (ICRC), the …
FG to Launch N30bn Annual Gratuity Scheme for Civil Servants The Federal Government has announced plans to commence a N30 billion annual gratuity scheme for retiring civil servants under the Contributory Pension Scheme (CPS) in treasury funded Ministries, Departments, and Agencies (MDAs). The National Pension Commission (PenCom) disclosed this in a statement following a strategic …
By Sunday Michael Ogwu The Dangote Oil Refinery will in August begin direct supply of fuel to retail stations, manufacturers, telecoms firms, and other large users across Nigeria The move which is aimed at enhancing supply, will puts the biggest fuel refinery in Africa in direct competition with local petroleum marketers. Africa's biggest refinery …
