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Tag: Africa

Conferences

UNGA81: Tinubu demands alliance to end Africa’s mineral exploitation

President Bola Tinubu has called for a fresh continental push to end the exploitation of Africa’s critical mineral resources. Tinubu, represented by Vice-President Kashim Shettima, made the call at the third Africa Minerals Strategy Grou High-level Roundtable on Critical Minerals Development in Africa. The roundtable was held on the sidelines of the ongoing 81st Session […]

Opinion

Lagos produces more millionaires than most African cities — Omokri

Ambassador-designate to Mexico, Reno Omokri, has declared that Lagos State under Governor Babajide Sanwo-Olu has produced more dollar millionaires than most African countries. Omokri made the assertion during an appearance on Channels Television’s Sunday Politics programme, where he discussed Nigeria’s cost-of-living challenges and economic performance. He linked the development to the state’s rapid expansion, noting […]

Scams

Nigeria ranks second most cyberattacked African nation with 4,906 weekly attacks

Nigeria recorded an average of 4,906 cyberattacks per organisation every week in August 2026, representing a 45 per cent year-on-year increase and placing the country among the most targeted markets in Africa. The figure was contained in the latest Global Threat Intelligence report by Check Point Research, the threat intelligence arm of Check Point Software […]

Investment

European Investment Bank invests €108m in African entrepreneurs over 10 years

The European Investment Bank has invested €108 million in Nigeria and other African countries over the last 10 years to support African entrepreneurs. The investment was channelled through the bank’s Boost Africa Investment Program, themed “Investment in Africa’s Entrepreneurs: Unlocking Growth, Creating Impact.” The Nation reported that the European Union Ambassador to Nigeria, Gautier Mignot, […]

Banking featured

Six Nigerian banks rank among Africa’s 20 biggest lenders

Six Nigerian banks have made the list of Africa’s 20 largest lenders by total assets, underscoring the growing scale of the country’s banking industry following a major recapitalisation drive. Access Bank leads the Nigerian lenders with assets of $36 billion, ranking 12th on the continent. United Bank for Africa follows with $33.27 billion, Zenith Bank […]

Policy and Regulations

AU to launch African credit rating agency October 7

The African Union has announced that the African Credit Rating Agency will be officially launched on October 7, 2026, in Port Louis, Mauritius, where the agency is headquartered. The launch marks a major step in Africa’s efforts to strengthen its financial independence and address concerns over how the continent’s economies are assessed by global credit […]

Economy

West Africa remains most stable region despite terrorism — ECOWAS

The Economic Community of West African States says West Africa remains the most stable of Africa’s regional economic blocs despite the growing threat posed by terrorism and violent extremism. ECOWAS Commissioner for Political Affairs, Peace and Security, Amb. Abdel-Fatau Musah, made this known in an interview with the News Agency of Nigeria, on Monday. He […]

Oil and Gas

Dangote offers East Africa 30% stake in refinery

Aliko Dangote has offered East African countries a combined 30 per cent equity stake in his proposed oil refinery in Kenya, potentially giving regional investors access to about $1.5 billion worth of the planned project. Kenyan President William Ruto’s economic adviser, David Ndii, disclosed this on Thursday at a capital markets forum in Nairobi, where […]

Finance

60% of Africa’s trade costs stem from within — W’Bank

Africa’s biggest trade obstacles are occurring within countries rather than at the border, with about 60 per cent of total trade costs coming from behind-the-border barriers, according to a World Bank report. The finding is contained in the World Bank’s Integrating Africa: From Threads to Hubs, which identifies customs clearance inefficiencies, regulatory misalignment, weak logistics […]

Energy

ITUC-Africa demands just energy transition for African workers

For three days, the heart of Africa’s trade union movement was in Nairobi, Kenya, as workers’ representatives from across the continent, alongside international partners and other stakeholders, gathered to confront one of the defining questions of Africa’s future: how can the continent achieve a green energy transition without leaving workers and communities behind. The Second […]

Oil and Gas

Dangote Refinery alone not enough for Africa, says FG

The Federal Government has said the Dangote Refinery alone cannot meet Africa’s growing refined petroleum products needs, urging local and international investors to pour more capital into Nigeria’s refining, midstream and downstream sectors. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, said Nigeria must build on the success of the Dangote Refinery and […]

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