President Bola Ahmed Tinubu has commissioned key infrastructure projects in Ogun State, marking what officials describe as a major step toward Nigeria’s shift to investment-driven economic growth. Gateway Airport Takes Centre Stage At the heart of the commissioning is the Gateway International Agro-Cargo Airport, a flagship project expected to transform logistics and boost exports. The…
Power generation companies in Nigeria have raised fresh concerns over the Federal Government’s ₦3.3 trillion electricity sector debt, asking President Bola Ahmed Tinubu to clarify how the figure was calculated. Industry Questions Debt Calculation The concerns were voiced by operators under the Association of Power Generation Companies (GenCos), who say the reported debt figure does…
Africa is taking a bold step toward seamless travel as Ghana prepares to grant visa-free access to all African passport holders, joining a growing list of countries opening their borders across the continent. Ghana Joins Visa for free Movement The policy, set to take effect on May 25, 2026, aligns with Africa Day celebrations and…
The United Nations Economic Commission for Africa UNECA has called on African governments to increase borrowing and strengthen domestic revenue to fund critical artificial intelligence (AI) infrastructure, warning that the continent risks falling behind in the global digital race. Africa’s AI Gap Raises Urgency According to UNECA, Africa currently accounts for less than 1% of…
Nigeria’s financial inclusion drive has recorded another milestone as the country’s Bank Verification Number (BVN) database climbed to 68.6 million in March 2026, reflecting a steady rise in the number of Nigerians linking their bank accounts. Growth Driven by Digital Banking Push The latest figures, released by the Nigeria Inter-Bank Settlement System, show continued expansion…
Africa’s capital markets may be heading for a major transformation as Aliko Dangote and the Nigerian Exchange Group (NGX) lead high-level talks to deepen cross-border listings and integrate stock exchanges across the continent. African Exchanges Move Toward Integration The strategic meeting, held in Lagos on April 1, brought together key players under the African Securities…
Nigeria’s leading carrier, Air Peace, has unveiled plans to expand its international footprint with new direct flights from Gateway International Airport to London, marking a major boost for regional aviation and connectivity. A New International Gateway for Ogun State The announcement was made by Air Peace CEO Allen Onyema following an inspection of the newly…
Nigeria is set for a major infrastructure boost as the Nigeria Sovereign Investment Authority (NSIA) teams up with the World Bank to fund critical power and port projects across the country. New Funding Platform to Unlock Private Investment Speaking during a media briefing on NSIA’s 2025 financial performance in Abuja, Managing Director Aminu Umar-Sadiq revealed…
Telecommunications giant Bharti Airtel has reached a major global milestone, crossing 650 million mobile subscribers and officially emerging as the world’s second-largest telecom operator by customer base. Massive Growth Across Africa and Asia The milestone, confirmed using data from GSMA Intelligence, highlights Airtel’s rapid expansion across key markets in India and Africa. Bharti Airtel now…
The Federal Government has intensified efforts to transform Nigeria’s transport sector by inspecting Compressed Natural Gas (CNG) conversion kits in Kano. Under the Presidential Initiative on Compressed Natural Gas and Electric Vehicles (Pi-CNG & EV). Officials visited a warehouse containing part of the 100,000 conversion kits and cylinders designated for vehicles including tricycles, cars, and…
