Africa needs $200bn yearly energy investment — IPPG
•Africa Energy Bank to start operations in October — Farouk By Udeme Akpan Africa needs more than $200 billion annually in energy investment by 2030 to develop oil and gas, expand electricity generation and distribution, and grow clean energy, Chairman of the Independent Petroleum Producers Group (IPPG), Adegbite Falade, has said. Falade, who spoke yesterday at […]
CBN: Naira rallies as FX speculations decline, reserves hit $43bn
The naira stability is also driven by inflows from Foreign Portfolio Investors (FPIs), substantial contributions from International Oil Companies (IOCs), and the CBN’s interventions to authorised dealers
Transcorp Hotels reports 49% revenue growth for Q3 2025
The company delivered ₦72.31 billion in revenue, a 49% increase from ₦48.49 billion in Q3 2024.
Africa must be included in global digital, AI revolution — Elumelu
By Emeka Anaeto, Business Editor, Babajide Komolafe, Economy Editor & Emma Ujah, Abuja Bureau Chief, in Washington Chairman, United Bank for Africa, UBA PLC and Founder, Tony Elumelu Foundation, Mr. Tony Elumelu, in this interview, spoke on highlights of his presentation during the seminar on Boosting Productivity Growth in the Digital Age held at the ongoing annual […]
High interest rates, multiple taxes constrain businesses in Sept —CBN
•Households expect prices to increase coming months •73% rural residents say inflation rate is high By Elizabeth Adegbesan Businesses and house holds have highlighted high interest rates, multiple taxes and poor infrastructure as top three business constraints in September, even as they expressed optimism about the macroeconomy in the coming months. In its Business Expectation […]
Nigeria spends N3.53trn on raw material imports in H1’25
…19.7% year-on-year increase •70% manufacturing inputs imported – RMRDC •Structural weakness compels manufacturers to import – MAN •It’s failure of import substitution policy – LCCI •Why import substitution is important – CPPE By Yinka Kolawole Contrary to plans and expectations, Nigeria’s manufacturing sector is increasingly depending on imported raw materials for survival, a development which has undermined […]
