Digital Procurement Summit 2026 in Lagos Africa
Experts and leaders gather in Lagos for the Digital Procurement Africa Summit 2026 to address fraud, inefficiency, and weak oversight in supply chains through digital transformation.
Category : Business
Report: $6.75 Billion Gap for Female-Owned Firms in Nigeria
A new study shows Nigerian women own 40% of businesses but receive minimal formal credit, revealing a $6.75 billion funding gap and systemic barriers.
Regulators Endorse New Digital Governance Guidelines at GSR-26
Telecommunications regulators worldwide endorsed the 2026 Best Practice Guidelines at GSR-26 in Türkiye, focusing on emerging tech, infrastructure resilience, and bridging the digital divide.
Europe Needs €475B for 5G to Regain Digital Leadership
GSMA report reveals Europe requires €475 billion in 5G investment by 2035, with a €205 billion gap, lagging behind global leaders in standalone 5G.
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Markets, Welfare, and the Limits of Reform
Nigeria's economic reforms since 2023 have stabilized macroeconomy but neglected equity. Prof. Adenikinju argues for social protection, industrial policy, and legislative scrutiny.
Industrial Goods Stocks Rebound 118.6% on NGX
Industrial goods stocks on the NGX surged 118.55% YTD, driven by strong earnings from cement makers and improved investor confidence, rebounding from a 4.58% loss in 2025.
FCMB Empowers Nigerian Students with Financial Skills
FCMB, in partnership with CBN, teaches money management to secondary school students across Nigeria through the 'Smart Money Talks' initiative, promoting financial inclusion.
South African Pension Fund Eyes Dangote Refinery IPO
South Africa's GEPF and PIC visit Dangote Refinery, signaling investor interest ahead of a planned pan-African IPO that could reshape energy and industrial sectors.
United Airlines Marks 5 Years of Accra-Washington D.C. Service
United Airlines has transported over 435,000 passengers and 3,100 tonnes of cargo on 2,100 flights between Accra and Washington D.C. since launching the route in 2021.
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Canada-Africa Business Conference Set to Boost Economic Ties
The Canada-Africa Chamber of Business will host its sixth conference in Lagos from June 24-25 to deepen economic ties between Canada and Nigeria, focusing on trade and investment.
Nigeria's Fiscal Reforms: Response to Critics on Deficits and Debt
Tanimu Yakubu defends Nigeria's fiscal policies, arguing deficits are necessary for structural reform and criticizing selective outrage from critics.
Africa-Europe Trade to Hit $1 Trillion in Decade
A Boston Consulting Group report says Africa-Europe bilateral trade could double to $1 trillion in 10 years through value chain integration and corridor revitalization.
Gender Gap Could Worsen Maritime Workforce Shortage
Global maritime bodies warn that persistent gender inequality could exacerbate workforce shortages, as women remain underrepresented in the sector despite policy commitments.
Dangote Expands Deep Seaport Investment Across Africa
Aliko Dangote announces Dangote Group's expansion into deep seaport development across Africa to address port inefficiencies and boost trade.
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AfCFTA, ITC Renew Partnership for Intra-African Trade
AfCFTA Secretariat and ITC renewed MoU at Biashara Afrika 2026 to accelerate intra-African trade, focusing on SMEs, women, and youth-led enterprises.
Nigerian Manufacturers: Tapping Into Africa's Single Market
PAMA Secretary-General Segun Ajayi-Kadir outlines steps for Nigerian manufacturers to benefit from AfCFTA, including obtaining certificates of origin and targeting priority markets.
WTO Secures N295m for Developing Trade Support
Sweden commits SEK 2 million (N295m) to WTO Global Trust Fund for technical assistance and training to help developing economies integrate into global trade.
Remita: Essential Payment Infrastructure for Africa's Growth
Remita's payment infrastructure is crucial for Africa's digital transformation, enabling seamless transactions, government efficiency, and financial inclusion across the continent.
NESREA Shuts Down Kano Rice Plant for Environmental Breaches
NESREA has sealed Fortune Rice Mills Limited in Kano for violating air quality and food sector regulations, following public complaints about dust and odor emissions.
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SEDC Names Risevest CEO Eleanya Eke as Startup Competition Judge
Eleanya Eke, CEO of Risevest, joins the South East Development Commission's venture capital pitch competition as a judge, supporting entrepreneurship in Nigeria's South-East region.
LAMATA Bans Goods on Buses, Sanctions from June 1
LAMATA bans goods on regulated public buses statewide, effective June 1, 2026, citing safety and efficiency concerns. Violators face dismissal.
Updated Visa-Free African Countries for Nigerians
Rwanda joins the updated list of African countries offering visa-free entry to Nigerian passport holders, easing travel for business, tourism, and family visits.
NCAA Orders Heightened Airport Surveillance Over Ebola
The NCAA has ordered airlines and airports to tighten health surveillance following a new Ebola outbreak in East and Central Africa, declared a PHEIC by WHO.
Woman Shows Receipt for 12kVA Solar Inverter, Cost Stuns
A Nigerian woman went viral after showing the receipt for her 12kVA solar inverter, revealing a total cost of N6.25 million. She now enjoys 24-hour electricity.
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Food Inflation Hits 16.06% in April 2026, 11 States Above 20%
NBS reports food inflation rose to 16.06% in April 2026, exceeding headline inflation. Enugu, Kwara, and Adamawa record highest year-on-year rates, with 11 states above 20%.
Lady Who Funded Education With Akara Business Begins NYSC
A young Nigerian lady who started an akara business with just 20,000 naira in 2018 has graduated and joined the NYSC, celebrating her journey on TikTok.
Nigeria Tax System Needs Global Alignment, Expert Says
Tax expert Olayinka Oyebola urges Nigeria to align its tax system with global standards to boost compliance, efficiency, and economic competitiveness at CITN conference.
Togo Removes Visa Requirements for All African Nationals
Togo has eliminated visa requirements for all African citizens visiting for up to 30 days, aiming to boost continental integration and mobility.
Wema Bank Closes Children’s CEO Contest Entries May 20
Wema Bank announces final call for entries in its One-Day MD/CEO competition for children, with submissions closing May 20, 2026. Winner to lead bank on May 25.
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Edo Takes Delivery of 50 CNG Buses for Transport Relief
Edo State receives 50 CNG buses to improve transportation across three senatorial districts, with 50 more expected. Commissioner Kassim Afegbua urges residents to support policies and stop indiscriminate dumping to curb flooding.
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