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News
The digital revolution brewing in Nigeria???s telecoms space
23+ hour, 25+ min ago (607+ words) In Nigeria’s telecommunications landscape, where innovation is increasingly measured not merely by the strength of a network but by the quality of the experience it creates, Globacom is once again raising the bar. This time, the revolution is not in…...
Nigeria's agric trade deficit widens to N400.78bn in Q2
3+ day, 23+ hour ago (385+ words) …farm exports trails other sectors as imports rise Nigeria’s agricultural trade deficit widened to N400.78 billion in the second quarter of 2026 as imports of farm products outpaced exports by a wide margin, data from the National Bureau of Statistics showed. Agricultural…...
India, Spain emerge as Nigeria???s top export destinations in Q2
4+ day, 1+ hour ago (448+ words) India, Spain, the Netherlands, the United States and Togo emerged as Nigeria’s biggest export destinations in the second quarter of 2026, according to data from the National Bureau of Statistics (NBS). Nigeria recorded a total export of N16.15 Trillion in the second…...
Ginger blight outbreak returns amid Nigeria's bid to rebuild $713m industry
4+ day, 6+ hour ago (643+ words) Ginger blight, a destructive fungal disease that wiped out farms in 2023, has resurfaced in Kaduna State, threatening ongoing efforts to rebuild the $713 million industry.3 Farmers in major growing areas in Kaduna – Nigeria’s largest producing state – said the fungus has been…...
Egypt???s urban inflation eases to 14.5% on lower food prices
3+ day, 23+ hour ago (358+ words) Egypt’s urban inflation eased to 14.5 percent in August from 14.9 percent in July, as slower food price growth helped offset continued pressure from transport and housing costs. Read also: Egypt pauses rate cuts for fifth straight meeting as inflation rises The…...
Oil shock reverses South Africa???s six-month current account surplus
3+ day, 22+ hour ago (619+ words) South Africa’s current account swung into a deficit in the second quarter of 2026 after six months of surplus, as surging oil and petroleum import costs eroded the country’s trade surplus, according to data from the South African Reserve Bank (SARB)....
Nigeria???s recovery has a credit problem
4+ day, 20+ hour ago (506+ words) The Central Bank of Nigeria says the benefits of Nigeria’s economic stabilisation will soon begin to reach households and businesses. The bigger question is whether the financial system has enough affordable credit to make that promise real. The CBN has…...
Iran war, mining, trade drag Africa???s biggest economy into first contraction in nearly two years
5+ day, 21+ hour ago (757+ words) South Africa’s economy contracted for the first time in nearly two years in the second quarter of the year, shrinking by 0.2 percent from 0.4 percent growth in the previous quarter, the country’s statistical agency revealed today. Statistics South Africa reported in…...
Nigeria's trade surplus widens as Q2 exports hit N27tn
6+ day, 14+ hour ago (615+ words) … India, Spain, Netherlands top export destinations Nigeria’s trade surplus expanded sharply, reaching N12.59 trillion in the second quarter of 2026, as total exports surged to N27.02 trillion, driven by massive growth in crude oil sales, raw material shipments, and refined petroleum products. The…...
Angola economy grows 8.74% as non-oil sector drives strongest expansion in four years
1+ week, 9+ min ago (414+ words) Angola’s economy grew 8.74 percent year on year in the second quarter of 2026, its strongest expansion since the second quarter of 2022, as strong gains in the non-oil sector combined with a rebound in oil production lifted economic activity. Read also: Dangote,…...