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Africa is sitting on a revenue goldmine it has barely touched. If the continent’s governments modernise how they collect taxes, using digital tools, closing enforcement gaps and cutting wasteful exemptions, they could unlock an additional $469.4 billion a year between 2025 and 2029. That is the scale of opportunity the African Development Bank […]
Nigeria’s Treasury Bills secondary market sustained a bullish trend last week, driven by a surge in system liquidity that pushed yields lower, according to a report by Afrinvest Securities. The firm disclosed that the financial system opened the second quarter with a long position of N6.19 trillion as of April 1, 2026, boosting investor demand […]
The United Nations Industrial Development Organisation (UNIDO), with funding support from the China International Development Cooperation Agency (CIDCA), on Monday officially launched the “Establishment of a Small Hydropower Center of Excellence in Nigeria Project.” The project, which is the first of its kind in Nigeria and the West Africa sub-region, will serve as […]
Health-tech platform Myitura has introduced a women-focused healthcare financing solution powered by Mediloan, aimed at improving access to affordable medical services for women across Nigeria. The initiative, unveiled to coincide with Women’s Month, was launched alongside a white paper titled “Closing the Gap: Healthcare Financing for Women in Nigeria,” which highlights key barriers limiting women’s […]
The Nigerian Ports Authority (NPA) has projected N1.489 trillion as internally generated revenue for the 2026 fiscal year, even as it concluded plans to commence the long-awaited modernisation of Apapa and Tin Can Island ports to boost efficiency and global competitiveness. The Managing Director of NPA, Dr. Abubakar Dantsoho, disclosed this on […]
Vice President Kashim Shettima has reiterated Nigeria’s readiness to lead Africa in leveraging artificial intelligence (AI) to drive economic growth and innovation. In a statement issued Tuesday by his Senior Special Assistant on Media and Communications, Stanley Nkwocha, Shettima described AI as a transformative technology capable of enhancing human intelligence and expanding opportunities across multiple […]
Kenya has blocked a second fuel shipment from docking at the Port of Mombasa as investigations intensify into a controversial cargo import deal, deepening scrutiny of the country’s oil supply chain and triggering high-level resignations. The move follows concerns surrounding an earlier fuel shipment that had already entered Kenya’s supply chain but was later […]
Oando Clean Energy Limited (OCEL), a subsidiary of Oando Plc, one of Africa’s leading indigenous energy solutions providers, in partnership with the Federal Ministry of Environment has convened a one-day workshop in Abuja on advancing biodegradable technology solutions for single-use plastics in Nigeria. Major participants at the event included key government stakeholders, regulators, […]
Nigeria’s industrial and financial heavyweights moved to deepen a partnership that has quietly underpinned decades of enterprise growth, as the Founder and Chairman of BUA Group, Abdul Samad Rabiu, hosted the Chairman of United Bank for Africa (UBA), Tony Elumelu and his executive management team at BUA Group’s corporate headquarters in Lagos. A […]
The Democratic Republic of Congo (DRC) has launched the active phase of a $46.5 million regional programme that aims to turn the long-neglected Ubangi River basin into an engine of economic growth, food security and cross-border trade in Central Africa. The programme, known by its French acronym PREDIRE, was officially kicked off […]
