The fighters of the Islamic State of West African Province, ISWAP, have killed at least four soldiers and one civilian in a fresh attack in Askira Uba Local Government Area of Borno state on Wednesday. BusinessDay gathered that the incident occurred around 12noon on Wednesday in the Mussa community
The United Arab Emirates (UAE) is intensifying efforts to strengthen trade corridors and enhance logistics coordination as Nigeria continues to expand its trade footprint. This move holds significant relevance for Nigeria and other key African markets reliant on seamless cargo flows and strategic tr
African banking systems could come under fresh pressure if a prolonged Iran conflict drives oil prices sharply higher, with implications for inflation, currencies, and sovereign creditworthiness across the continent, according to Fitch Ratings. In a new report by the global rating agency, Fitch warn
The ECOWAS Bank for Investment and Development has unveiled a new five-year strategy focused on growth, resilience and optimisation, alongside a pledge to scale up investments across West Africa and deepen regional integration.
The International Finance Corporation and Citigroup have agreed on a 1.6 billion rand borrowing facility to expand local currency financing in South Africa, according to Reuters. The deal is aimed at helping businesses access funding in rand rather than foreign currencies, reducing the risks that co
The national chairman of the All Progressives Congress (APC), Nentawe Yilwatda, has stated that the minister of the Federal Capital territory, (FCT) Nyesom Wike, is free to join the party. Yilwatda made the remarks during a media chat on Wednesday night. He stated that the party does not compel indi
Atiku Abubakar, former vice president, has declared he is willing to step aside for Peter Obi or any other candidate that emerges from a proposed opposition coalition ahead of the 2027 presidential election, signaling a potential shift toward unity among Nigeria’s fragmented opposition. Speaking in
Atiku Abubakar, former vice president, has reignited Nigeria’s zoning debate ahead of 2027, arguing that the North has spent fewer years in power than the South and questioning claims that it is automatically the South’s turn to produce the next president. In an interview on Arise News on Wednesday
Africa’s economic narrative is currently undergoing a profound structural shift. For decades, the continent’s growth has been framed by trends highlighting persistent “gaps,” most notably in infrastructure and small-to-medium enterprise (SME) financing. While international headlines often focus on c
The Minister of Power recently declared that Nigeria requires over $100 billion in public and private investment across generation, transmission, and distribution to deliver reliable electricity. The figure is staggering. But is capital really the binding constraint? The privatisation of 2013, selli