Business & Finance

Uchechi Okporie

Apr 28, 2026

FCMB Group has announced a deliberate and responsible approach to adopting artificial intelligence, positioning itself as one of Africa’s leading financial institutions embracing the future of banking technology.

Uchechi Okporie

Apr 26, 2026

A potential state visit between France and South Africa has moved into a decisive phase, with the French ambassador confirming that final arrangements now depend on the leadership of both presidencies.

Uchechi Okporie

Apr 25, 2026

The United States has a nominal GDP of roughly $27–28 trillion, while the entire continent of Africa produces about $3.0–3.2 trillion. That means the U.S. economy is about eight to nine times larger than Africa’s combined output, even though Africa consists of over 50 countries.

Uchechi Okporie

Apr 25, 2026

The uncomfortable truth is that sheer population size does not create prosperity. If it did, Africa would already dominate the global economy. With roughly 1.4 billion people, more than four times the population of the United States, Africa should, on paper, be an economic superpower. Instead, its total output lags far behind. This is not a mystery; it is a structural reality that many prefer to avoid confronting directly.

Admin User

Apr 22, 2026

On October 21, 2019, Okowa took to Facebook to announce that the proposed Kwale Industrial Park in Ndokwa West would generate over 70,000 jobs, a figure bold enough to ignite hope in a region long burdened by unemployment and underdevelopment.

Uchechi Okporie

Apr 15, 2026

Access Bank Plc has once again been named Nigeria’s most valuable brand, marking its fifth consecutive year at the top, according to the latest rankings released in the 2026 Nigeria 25 report by Brand Finance. The bank’s sustained dominance highlights its resilience and strategic positioning within an increasingly competitive financial services sector.

Admin User

Apr 09, 2026

Uganda has declined a request from Kenya for a fuel bailout, citing its own domestic supply obligations and existing commitments.

Uchechi Okporie

Apr 02, 2026

Despite rising geopolitical tensions in the Middle East and strain on international trade routes, Ghana’s economy continues to show resilience and robust momentum, defying expectations that distant conflicts would slow growth.

Uchechi Okporie

Apr 02, 2026

Mozambique is not alone in moving to reduce or eliminate its obligations to the IMF. In May 2025, Nigeria repaid a US $3.4 billion emergency loan it had accessed under the IMF’s Rapid Financing Instrument to help cushion its economy against the effects of the COVID-19 pandemic.

Uchechi Okporie

Mar 23, 2026

The global economy is facing a severe and immediate threat as escalating conflict around the Strait of Hormuz disrupts vital energy supplies, according to the International Energy Agency (IEA).

Uchechi Okporie

Mar 20, 2026

‎Aliko Dangote’s refinery in Lagos is experiencing a sharp increase in demand from African governments as global fuel supplies tighten following Iran’s blockade of the Strait of Hormuz.

Uchechi Okporie

Mar 19, 2026

According to a report by Business Insider Africa, Nigeria has secured a £746 million financing agreement with the United Kingdom to modernise two of its most critical maritime gateways—the Lagos Port Complex and Tin Can Island Port—marking a major step toward strengthening its position in global trade.