News
More Nigerians to slip into poverty despite cooling inflation – PwC
20+ hour, 59+ min ago (588+ words) More Nigerians are likely to be plunged into poverty this year, deepening hardship for households that have endured the worst cost-of-living crisis in a generation. This is despite inflation slowing for most of 2025. No fewer than two million people will…...
Country with Africa’s best-performing currency sees inflation fall to four-year low
1+ day, 5+ hour ago (601+ words) Ghana's annual inflation rate slowed further to 5.4 percent in December 2025, the lowest level since a consumer price rebasing exercise in 2021, reinforcing expectations that the central bank may ease borrowing costs when it meets later this month. The latest reading marks…...
South Africa posts weakest business activity in Africa, PMI falls to 11-month low
2+ day, 20+ hour ago (668+ words) .drops for third straight time in December South Africa ended 2025 with the weakest private sector performance among eight major African economies, as business activity slipped to its lowest level in 11 months, according to a BusinessDay analysis of the Purchasing Managers…...
Africa’s giant delays unemployment data 14 months on
3+ day, 22+ hour ago (20+ words) Africa's giant delays unemployment data 14 months on'Business News Nigeria - Africa's giant delays unemployment data 14 months on...
Africa’s giant delays unemployment data 14 months on - Businessday NG
4+ day, 6+ hour ago (958+ words) Released Q2 2024 figures in November 2024 It has been 14 months since the National Bureau of Statistics (NBS) last released official unemployment data, underscoring persistent weaknesses in Nigeria's labour-market reporting and leaving Africa's most populous nation trailing peers, including Ghana, South Africa, Morocco,…...
Betting, gaming and a generation at risk
4+ day, 6+ hour ago (399+ words) Read also:Nigeria Sees Surge in Online Betting Sign-ups Ahead of 2026: Regulators and Operators Brace for Growth Third is economic leakage. While gaming studios aim to create local intellectual property, much of the betting ecosystem funnels money outward (to foreign-owned…...
Big targets, hard realities: Nigeria’s industry, trade and investment journey in 2025 - Businessday NG
1+ week, 13+ hour ago (821+ words) Nigeria's industry, trade and investment sector recorded a mixed performance in 2025, as improved macroeconomic stability helped rebuild investor confidence and support business planning, while deep structural costs and longstanding bottlenecks limited productivity, industrial expansion and the pace of private-led growth....
What to expect from interest rate cuts in 2026
1+ week, 1+ day ago (103+ words) Wasiu Alli is a business and economics journalist with more than two years experience covering macro trends, government policies, corporate earnings and comparative economics analysis. Alli turns raw data into trends that not only tells compelling stories but nudges investors…...
AfDB sees Africa’s economy hitting $5.23trn by 2035 on AI boom
1+ week, 1+ day ago (580+ words) Africa's economy could expand to as much as $5.23 trillion by 2035, up from a baseline projection of $4.23 trillion, if the continent successfully deploys artificial intelligence to raise productivity and unlock new growth pathways, according to a new report by the African…...
Four mega trends to shape Nigerian economy in 2026
1+ week, 1+ day ago (979+ words) Nigeria is poised for its biggest economic boom in at least a decade in 2026, driven by developments such as the implementation of the harmonised tax rules, the long-awaited listing of the giant Dangote Refinery, and the new capital rules for…...