News
Africa Finance in Brief: Inflation cools further but risks are rising
2+ hour, 9+ min ago (673+ words) The escalation in the Middle East conflict pushed global oil prices to $90 per barrel on Friday, the highest level in almost two years, threatening to slow Africa's emerging disinflation trend and potentially delay interest-rate cuts by several central banks across…...
Global food prices rebound in February on vegetable oil demand
14+ hour, 26+ min ago (422+ words) Global food prices spiked in February, the first time in five months on the back of rising vegetable oil demand and logistical disruptions within the Russian Federation and the wider Black Sea region, affecting cereal prices." This is according to…...
Is Nigeria’s reform drive creating a more coherent economy?
19+ hour, 43+ min ago (861+ words) Nearly three years after Nigeria launched its most sweeping economic reforms in decades, the question is shifting from political courage to economic durability. President Bola Ahmed Tinubu used his Independence Day address on October 1, 2025 to defend the reforms introduced in…...
China-Nigeria exports reach record $24.9bn as trade gap widens
23+ hour, 44+ min ago (460+ words) China's exports to Nigeria climbed to a record $24.9 billion in 2025, reversing three consecutive years of decline and extending a decade-long expansion that has reinforced China's dominance in Nigeria's import structure. Data from China's National Bureau of Statistics, seen by BusinessDay,…...
How leadership failure keeps a nation of promise running in circles
1+ day, 1+ hour ago (619+ words) How leadership failure keeps a nation of promise running in circles'Business News Nigeria - How leadership failure keeps a nation of promise running in circles Nigeria remains one of the world's most enduring paradoxes: a nation of immense promise, over 210 million…...
South-east development commission targets $200bn economy for region in 10 years
1+ day, 13+ hour ago (399+ words) Reps approve N140bn budget proposal The South East Development Commission (SEDC) has set an ambitious goal to grow the region's economy from approximately $40 billion to $200 billion over the next decade. Mark Okoye, Managing Director and Chief Executive Officer of the commission,…...
Young Nigerians rank depth above fame in interview standards – Survey
1+ day, 16+ hour ago (441+ words) Against this backdrop, BusinessDay's February 2026 Gen Z pick poll examines the issue more closely. Rather than focusing on hype or trending moments, the poll asked young Nigerians to identify the standards that should guide interview culture and determine who can…...
Middle East crisis threatens Africa’s disinflation, rate-cut cycle
1+ day, 19+ hour ago (764+ words) Escalating tensions in the Middle East are threatening to disrupt Africa's emerging monetary easing cycle just as inflation begins to ease across much of the continent. The joint US'Israeli operation that killed Iran's Supreme Leader, Ayatollah Ali Khamenei last weekend,…...
Ghana’s inflation falls to 3.3% in February, extending 14-month disinflation streak
1+ day, 20+ hour ago (467+ words) Ghana's annual inflation slowed to 3.3 percent in February 2026, down from 3.8 percent in January, marking the 14th consecutive month of easing price pressures, according to data released by the Ghana Statistical Service on Wednesday. The latest reading is the lowest since August…...
Here’s what Sanwo-Olu says about property investment and Lagos economy
1+ day, 20+ hour ago (628+ words) Babajide Sanwo-Olu, the Lagos State governor, has said that real estate and property investment remain vital to the state's economy. In Lagos, land, a major component of real estate, is equivalent of an oil well. It is a money spinner…...