Industry

Tony Elumelu’s initiative, a groundbreaking $6 billion financing endeavour, is poised to significantly bolster the growth of small and medium-sized enterprises (SMEs) across the African continent.  This ambitious initiative is a strategic collaboration between the United Bank for Africa Plc (UBA) and the African Continental Free Trade Area (AfCFTA) secretariat. …

MultiChoice, DSTV & GoTV’s Parent Company, has in the past six months seen its share price plunge by 49%, wiping R32 billion (~$23 million) in shareholder value. According to reports, MultiChoice’s stock was trading at R147 on the 6th of March, 2023. But at the close of trade on the…

It was recently revealed by the International Air Transport Association (IATA) that a staggering $783 million of funds belonging to foreign airlines are trapped in Nigeria. Despite a slight decline from $814 million in June, the number remains worryingly high. Nigeria leads a group of countries—comprising Bangladesh, Algeria, Pakistan, and…

As the cost of living continues to increase, UK retailers are raising concerns about another pressing issue; the skyrocketing cost of cooking gas. Industry insiders warn that unless government intervention occurs soon, a 12.5kg cooking gas cylinder could cost up to N18,000 by December. Olatunbosun Oladapo, the President of the…

Nigeria’s marine and blue economy holds the potential to transform the nation’s economic landscape, offering diverse avenues for growth beyond traditional sectors. With an estimated value of $296 billion in untapped potential, this sector offers a wealth of opportunities that, if effectively harnessed, can lead to job creation, enhanced food…

The Nigerian Government On Thursday,  announced its intention to implement new policies in the telecoms sector aimed at promoting the utilization of clean and sustainable energy sources. This initiative aims to minimize the carbon footprint and foster environmental sustainability. The Executive Vice Chairman, Prof. Umar Danbatta, revealed this information while…

President Bola Tinubu had earlier revealed plans to roll out compressed natural gas (CNG) buses as a solution to ease the burdens created by the removal of fuel subsidies in May 2023.   Tinubu said, “Part of our program is to roll out buses across the states and local governments for…

The delicate balance of Namibia and Botswana ecosystems faces an imminent threat as oil drilling operations encroach upon their territories.  This is because the government of both Namibia and Botswana licensed a Canadian firm, Reconnaissance Energy Africa, ReconAfrica, to prospect for oil in the Cubango Okavango River Basin, in an…

After the surge in fuel prices nationwide, a Nigerian entrepreneur, Owelle has unveiled a new transportation solution. Introducing a luxurious electric bike, the businessman encourages fellow Nigerians to consider adopting this alternative means of travel.  Owelle took to Twitter to share images and videos of the innovative transportation option, encouraging…

Twitter Incorporation, the renowned micro-blogging platform, revealed a fresh logo On Monday, bidding farewell to the iconic blue bird emblem that had been synonymous with the company for its entire 17-year existence. The new logo now features a white ‘X’ symbol set against a striking black background. Linda Yaccarino, the…