Economy

KEY POINTS Okomu Oil’s profits double because of high demand for palm oil. Sales of palm and rubber go up, which makes revenue go up by 67 percent. Costs of …

KEY POINTS Dangote Refinery suspends naira sales from Sept. 28. Labour unions protest mass layoffs of over 800 workers. Analysts warn petrol prices could rise above N900. Nigeria’s Dangote Petroleum …

KEY POINTS FAAN to enforce cashless payments at airports from Sept. 29, 2025. Rollout starts in Lagos and Abuja, covering gates, car parks, lounges. Partnership with Paystack aims to modernize …

KEY POINTS The Salimo Abdula Foundation helps 15,000 young people start their own businesses. Five top initiatives will get money to start. The initiative connects young people with important sectors. …

KEY POINTS GTCO profit slumps 50 percent to N449 billion H1 2025. Drop in GTBank dividends drives earnings decline. Group assets rise to $11.2 billion despite profit slide. Guaranty Trust …

South Africa business activity shows modest improvement in August as easing cost pressures offer relief despite U.S. tariffs and inflation risks

KEY POINTS Päijät-Häme District Court sentences Simon Ekpa to six years. Convictions include terrorism offences, incitement, and aggravated tax fraud. Ekpa accused of equipping armed groups and inciting violence via …

Africa now has 25 billionaires and 122,500 millionaires, reflecting rapid shifts in wealth creation and economic influence across the continent.

KEY POINTS ADC rejects Datti Baba-Ahmed’s criticism. Coalition vows unity against Tinubu’s administration. ADC urges Baba-Ahmed to join opposition bloc. The African Democratic Congress has distanced itself from Senator Datti …

KEY POINTS Tinubu launches tax calculator ahead of January 2026 reforms. Tool lets Nigerians compare new and current income tax rates. President promises system won’t punish the poor, ensures equity. …