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Month: April 2026

UK delegation concludes education, skills trade mission to Nigeria

Frank Okon A high-level UK delegation has concluded a week-long skills and schools trade mission to Nigeria, marking a significant step forward in education and skills cooperation between both countries. The mission, held from April 19 to 23, 2026, across…

Nigeria pushes indigenous oil firms to build skills, raise operating standards

Nigeria’s upstream oil sector is entering a new phase, and regulators are pushing independent producers to step up quickly to fill the space left by departing international oil companies. At the centre of that message is the Nigerian Upstream Petroleum…

NLNG, Rivers Police deepen security collaboration ahead of Bonny–Bodo Road opening

The Managing Director and Chief Executive Officer of Nigeria LNG Limited, Adeleye Falade, has called for deeper security collaboration with the Nigerian Police Force, particularly the Rivers State Command, as operations expand and critical infrastructure projects near completion in the…

Business Commerce and Industry Diplomacy Economy Investments

UK business delegation in Nigeria turns $8.1bn trade ties into deals

The UK has stepped up efforts to convert diplomatic momentum into real business outcomes, sending its first trade and investment mission to Nigeria since the recent State Visit. The move signals a shift from high-level agreements to practical deal-making across…

China’s solar power export to Africa hit 19GW in 2025, toppling Nigeria’s total generating capacity

Frank Okon Chinese firms shipped a significant 19,000 megawatts of solar generating capacity to Africa in 2025, marking a 48% increase on 2024. The scale is striking when set against countries like Nigeria, where total available grid power has at…

Business Capital Market Equity market Money Market

FG to stake $75m in Flutterwave as company lists in Nigerian bourse

Ziggy Ojiegbe Nigeria is taking a more direct role in shaping the future of its tech sector, with President Bola Tinubu approving a $75 million investment in Flutterwave ahead of the company’s planned listing on the Nigerian Exchange. The funding,…

Airlines to engage govt on Wednesday to decide possible shutdown

Frank Okon Nigeria’s aviation sector has stepped back from the brink of disruption, but only temporarily. A threatened shutdown by domestic airlines has been put on hold pending high-level talks in Abuja on April 22. The outcome of that meeting…

Business Commerce and Industry Insurance

African insurance market to hit $166bn by 2034 as digitalisation, AI drive expansion

Ziggy Ojiegbe Africa’s insurance market is projected to grow from $98.5 billion in 2025 to $166.1 billion by 2034, reflecting an average annual growth rate of 5.79 percent, according to a new report by IMARC Group. The report, titled “Africa…

Business Capital Market Commerce and Industry

Dangote Sugar approves ₦500bn rights issue, ratifies board changes

Frank Okon Shareholders of Dangote Sugar Refinery Plc have approved a plan to raise up to ₦500 billion through a rights issue, alongside key governance and financial resolutions, at the company’s 20th Annual General Meeting (AGM) held in Lagos. The…

Business Economy

Impactful yet invisible: How data-driven systems underplay Africa’s informal economy

Ziggy Ojiegbe More than 80 percent of employment in Nigeria and several fast-growing African economies is informal. Around 90 percent of consumer spending is conducted in cash. Nearly 60 percent of enterprises are owned by women. Yet an estimated 83…