A new concept car from Caterpillar Inc. has drawn interest from tech and construction enthusiasts all over the world in recent months. The company is famous for making some of the toughest construction tools. They just showed off a smart pickup truck concept that is perfect for tough industrial job sites. The concept car has […]
Claude Kameni is a fashion designer from Cameroon who makes expensive clothes that are inspired by African culture. She hasn’t released a “2026 collection” yet, but she has been working on a prom couture raffle that was announced in early 2026. The winners will be chosen by February 7. These unique items are made for […]
Nigeria’s big banks are entering the financial technology (fintech) space, which is causing competition for existing fintech firms. The banks are making strategic investments in fintech businesses to secure their future. This move threatens the valuation of top fintech firms like Flutterwave, Interswitch, and Opay, which are currently valued at over $1 billion. Other fintech […]
The Free Trade Zones (FTZs) Committee on Nigerian Customs Service (NCS) Operational Remodeling has recommended that the service allows the quick export of finished and processed commodities containing 100% local raw materials. This means that products made in Nigeria using only materials from Nigeria can be exported easily. The NCS has promised to adopt this […]
The Federal Government has chosen to ignore the debts owed by operators of leased port terminals and has renewed their agreements, despite the operators violating the terms of their contracts. The port concession/lease agreement, which was entered into in 2006, did not have proper legislation or regulations to monitor the concessionaires. Political forces have been […]
Aradel Plc, a company that recently rebranded, has shown significant growth and success in its operations. In the first half of the year, the company’s operating profit increased by 478.7% compared to the previous year, reaching N29.8 billion. Its profit before tax also grew by 269.5%, and profit after tax nearly tripled. The company’s operating […]
The Nigerian Presidency has expressed concern over the removal of fuel subsidy, stating that it has led to increased poverty among Nigerians and a loss of support for the government. President Bola Tinubu announced the removal of subsidy on petrol in May, citing the inability to continue subsidizing petrol for neighboring countries. However, the government […]
Nigeria’s state-oil firm NNPC said on Wednesday it has secured a $3 billion crude oil repayment loan from Cairo-based Afrexim Bank that will support the government’s reforms to stabilize the exchange rate market. Nigeria, Africa’s largest economy, is trying to increase its reserves and prevent the devaluation of its currency. The Nigerian currency has fallen […]
Arcep is calling on mobile operators and Internet service providers to invest more in improving the quality of their services and lowering their charges. And rightly so, since mobile phone consumers seem to be increasingly dissatisfied. The Autorité French regulatory authority for electronic communications and postal services(Arcep) conducted a survey of consumer perceptions of electronic […]
On Wednesday, the transitional government terminated an agreement signed in October 2021 with the French group Meridiam/Marseille for the operation of Donsin airport for a period of thirty (30) years. For the Ministry of Transport, “the Council approved the request to terminate the Donsin airport concession agreement,” according to the minutes of the Council of […]
Russian President Vladimir Putin has announced his intention to establish a free trade area with four North African countries – Egypt, Morocco, Tunisia and Algeria – in order to increase Moscow’s diplomatic influence and economic development on the continent. land. Russia’s official TASS news agency quoted Putin as saying: “We need to turn the level […]
Spain is the biggest importer. It accounts for about 27% of Morocco’s total exports in the past five years. However, in 2022, the kingdom was the fourth largest supplier of fruits and berries to Spain with the share of 15% in Spain’s total imports. ‘East Fruit’ also noted that revenues from Moroccan exports to Spain fell by 23% compared to […]
The World Bank, in collaboration with the Nigerian government and private sector, is set to embark on a significant project to construct 1,000 mini solar power grids in Africa’s largest economy, Nigeria. The project attempts to alleviate the nation’s serious energy issues since millions of people and companies significantly rely on pricey gasoline and diesel […]
The Russia-Africa summit, held amid the ongoing geopolitical crisis between Russia and Ukraine, ended last week with promises of debt relief and food supplies to strengthen economic ties between Moscow and the African nation. As the West continues to isolate Russia, some African leaders have chosen the path of diplomatic neutrality and closer ties with […]
Ammonia, which is made up of nitrogen and hydrogen, is commonly used as a fertilizer. Production of ammonia at an industrial scale allowed agriculture to boom, and according to a study from the University of Manitoba, without it, we wouldn’t be able to produce roughly half of the world’s food today. Across the African continent, innovative transport systems, telecoms operations and smart cities are […]
The number of Singaporean companies doing business in Africa has soared from only 60 in 2018 to more than 155 companies today, which demonstrates that the wealthy city-state increasingly views Africa as a very important market that should not to be ignored. In a sign of this deepening connection, Singaporean Prime Minister Lee Hsien Loong embarked on […]
Vladimir Putin, the current president of Russia, has promised free grain supplies to six African nations after the collapse of the Black Sea grain deal. Despite Western sanctions limiting Russian exports, the Russian president pledged to offer commercial and assistance-based grain shipments to six African countries: Burkina Faso, Zimbabwe, Mali, Somalia, the Central African Republic, […]
According to the Minister in the Presidency responsible for the State Security Agency, Khumbudzo Ntshavheni, senior national security officials from South Africa, China, Russia, India, and Brazil were scheduled to advance, among other things, their shared “BRICS agenda and cooperation on security-related matters.” At the 13th National Security Advisors Meeting of the BRICS, which took […]
The Nigerian government earned N80.86 billion. In the first six months of 2023 from the Electronic Transfer Levy (EMT). The EMT was introduced as a replacement for Stamp Duty and charges a single fee of N50 on electronic deposits of N10,000 and above. It was created to generate additional revenue from the growing use of […]
The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of petrol, from N537 to N617 per liter. The pump price of petrol is also known as Premium Motor Spirit (PMS). This adjustment was observed at some filling stations in Abuja and is expected to be implemented nationwide. The decision by NNPCL indicates […]