News
Export, supply shortage drive cooking gas prices to 10-yr high
3+ hour ago (657+ words) While studying chemical engineering at university in 2016, Michael Adesanya could buy a kilogramme of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, for just N250. As a 200-level student living on a limited allowance, he had to budget every naira…...
Ghana's economy grows 6. 4% in first quarter as recovery gathers pace
6+ hour, 12+ min ago (330+ words) Ghana's economy expanded at a faster pace in the first quarter of 2026, offering fresh evidence that the West African nation is steadily emerging from its worst economic crisis in decades. According to African Economy Inc, citing data released by the…...
Tax Ombud pledges fairness, transparency in tax dispute resolution
1+ day, 3+ hour ago (453+ words) John Nwabueze, Nigeria's Tax Ombud has pledged to provide taxpayers with a fair, transparent and accessible mechanism for resolving disputes with revenue authorities, as the government presses ahead with reforms aimed at improving confidence in the country's tax system. Speaking…...
Shettima, Sanwo-Olu, Oyedele say economic reforms attracting local, foreign capital
2+ day, 5+ hour ago (313+ words) pitch Lagos as premier Africa's biz hub Nigeria's Vice President Kashim Shettima; Lagos State Governor Babajide Sanwo-Olu; and Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy, posited on Monday that the economic reforms being undertaken by the…...
Nigeria's minimum wage has been overtaken by a N700, 000 survival cost
2+ day, 2+ hour ago (85+ words) Oluwatobi Ojabello, Ph D, is a dynamic and multi-dimensional Assistant Editor for Economy and Markets with over two years of professional journalism experience. He delivers authoritative, data-driven coverage of fiscal policy, financial institutions and capital markets, using clear analysis to…...
IMF says Nigerians still face hardship despite macroeconomic stability
2+ day, 2+ hour ago (879+ words) signals tax rate increases likely needed beyond 2026 backs CBN's tight monetary stance until disinflation is entrenched and inflation expectations anchored urges tighter crypto oversight while flagging rising banking risks Nigeria has made significant progress in restoring macroeconomic stability over the…...
South Africa's economy grows at fastest pace in 9 months despite Iran war headwinds
2+ day, 4+ hour ago (624+ words) South Africa's economy expanded at its fastest pace in nine months in the first quarter of the year, showing resilience despite the early impact of the Iran conflict and continued weakness in the manufacturing sector. Gross Domestic Product in the…...
The money is changing. Africa's institutions should be ready for it
2+ day, 8+ hour ago (27+ words) Business News Nigeria - The money is changing. Africa's institutions should be ready for it...
Why S/Africa is continent's biggest employer despite record joblessness
2+ day, 8+ hour ago (100+ words) Ngozi Ekugo is a Senior Correspondent at Business Day. She holds a Masters in management from the University of Lagos, an undergraduate from University of Lagos, and is in an alumni of Queen's College. Shes currently an associate member of…...
Nigeria trade surplus jumps to record on refinery boom, oil shock
2+ day, 12+ hour ago (768+ words) Bethel Olujobi & Cynthia Egboboh Nigeria posted its largest merchandise trade surplus on record in the first quarter of 2026, as the twin forces of the Middle East war and the long-awaited ramp-up of the Dangote refinery fundamentally reshaped the nation's export…...