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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…
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…
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…
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…
Book Reading Series: NCDMB restates commitment to intellectual convergence
Ziggy Ojiegbe The Nigerian Content Development and Monitoring Board (NCDMB) has restated its resolve to provide veritable platform for intellectual convergence in the petroleum and linkage industries in Nigeria. Executive Secretary, Engr Omatsola Ogbe, declared at the weekend that raising…
Stranded W. African migrants toil in Moroccan farms
By Frank Okon Migrants from West Africa are increasingly becoming the backbone of Morocco’s agricultural workforce, stepping into jobs left vacant as local laborers move to cities in search of better opportunities. Across key farming regions in Morocco, migrants now…
OPEC reports sharp drop in Middle East oil output amid Iran war
The Organization of the Petroleum Exporting Countries (OPEC) has reported a significant decline in crude oil production among its member states, citing the ongoing conflict involving Iran as a major disruptor to supply across the Middle East. In its production…
Dangote warns rising oil prices may ground Nigerian airlines
Demands subsidies for farmers Ziggy Ojiegbe, with agency reports Chairman of the Dangote Group, Aliko Dangote, has called on the Nigerian government to introduce targeted subsidies for farmers, warning that surging global oil prices could cripple both agriculture and aviation…
NCDMB commends Shell, NNPC on UNILAG Geosciences Centre of Excellence
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has expressed excitement at the state-of-the-art Geosciences Centre of Excellence at the University of Lagos, declaring it as an enduring value that transcends mere infrastructural development. In a sector where…
Oil slumps as Strait of Hormuz reopens despite U.S. blockade on Iran
Ziggy Ojiegbe Iran said it has fully reopened the Strait of Hormuz to commercial shipping, triggering a sharp drop in global energy prices and raising cautious optimism that tensions with the United States may be easing, even as Washington insists…
