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Peter Obi Promises Another Bid for Nigeria’s Presidential Seat

In the dynamic landscape of Nigerian politics, the Labour Party's 2023 presidential candidate, Peter Obi, has declared his unwavering commitment to his supporters. He recently proclaimed his intention to contest against President Bola Tinubu once more in the upcoming 2027 election. Such announcements stir a mixture of hope and skepticism among the populace. Could Obi’s steadfastness transform Nigeria’s political narrative? While some might regard his promise as mere rhetoric, others see a glimmer of possibility in his…

Payaza Settles ₦14.9bn Debt, Showcasing Maturity in African Finance

The paper, issued in December 2024 with a face value of ₦14,971,880,511.74, serves as a significant step in Payaza's strategic funding approach, aimed at facilitating the company's rapid expansion throughout the African continent. What truly sets Payaza apart isn’t merely its ability to manage the repayment; it’s the manner in which this was achieved—entirely through operating cash flows, without resorting to refinancing or rollovers. This remarkable accomplishment not only underscores the resilience of the organization but…

Al-Shabab Launches Mortar Attack on Base Near Baidoa Town

**Baidoa, Somalia (AX)** — In a shocking display of force, Al-Shabab militants unleashed a wave of mortar attacks late Sunday night against a military base situated in the Barujed area. This base lies on the periphery of Baidoa, the interim administrative capital of Somalia’s Southwest state. What is particularly chilling is that the base represents one of the most fortified installations near Baidoa, underscoring the escalating tensions in a region that has seen a worrying uptick in militant activity in recent weeks. The…

From ₦78,000 a Month to $25,000 Deals: My Startup Journey

In a recent conversation with Business Insider Africa, Falansa recounts his remarkable journey—a path that gracefully weaves together his background in physics education, an internship at a major news application, and his emergence as a prominent figure in Nigeria’s tech ecosystem. How does one shift from traditional fields to the dynamic world of technology? In Falansa's case, the answer lies in tenacity, curiosity, and a willingness to embrace learning at every stage. While the buzzwords surrounding artificial…

Top African Nations Poised for Rapid Military Expansion by 2025

Strategic Military Growth: A Call to African Governments Recent events serve as a compelling reminder for African governments: the time for strategic preparation has never been more urgent. As various challenges loom on the horizon—ranging from terrorism to political instability—these nations must not only adapt but also anticipate the landscape of tomorrow. A robust military presence is no longer simply an option; it has become a necessity. In this context, the enhancement of military capability within African…

Gambia Bears the Burden of Europe’s Aquaculture Appetite

In The Gambia, the livelihoods of countless fishermen have plummeted into a crisis that deepens daily. The declining fish stocks have painted a bleak picture, exacerbated by soaring fuel prices and the relentless presence of foreign trawlers stripping the waters of vital marine life. Fish such as sardines and bonga, once abundant and processed in local factories, have seen their fate redirected to European and Chinese markets, primarily for aquaculture feeding. This shift threatens not only local economies but also the…

Dangote Announces Launch Date for Fuel Deliveries Following CNG Truck Acquisition

A transformative shift is underway in Nigeria’s downstream logistics, promising to enhance distribution efficiency while significantly reducing transportation costs. This development is more than just a logistical upgrade; it represents a holistic approach towards a more sustainable and economical fuel distribution system within the country. As part of this strategic initiative, the new Compressed Natural Gas (CNG) fleet, which will be operational from August 15, 2025, has been acquired through the Dangote…

Somalia and Turkey Forge Pact to Enhance Transport and Economic Growth

Mogadishu (AX) — In a significant stride towards enhancing its maritime and transport infrastructure, the Somali Ministry of Ports and Maritime Transport announced this past Sunday the signing of a pivotal memorandum of understanding (MoU) with Turkey. This partnership is poised to bolster cooperation not only in economic realms but also in the vital transport networks that connect African coastal nations. The agreement was formalized by Somalia’s Minister of Ports and Maritime Transport, Abdulkadir Mohamed Nur, who…

Somali President Unveils Plans for New Airport in Mogadishu’s Middle Shabelle Region

Mogadishu (AX) — In a significant milestone for Somalia, President Hassan Sheikh Mohamud laid the foundation stone for the new Mogadishu International Airport this past Sunday. This ambitious infrastructure project is set to be established in the Warsheekh district of the Middle Shabelle region, and it promises to be a transformative development for the nation. During the groundbreaking ceremony, President Mohamud articulated the vital importance of this airport for enhancing Somalia's connectivity and improving its…

Nigeria’s Public Debt Soars to ₦149.39 Trillion as Naira Declines

In an astonishing turn of events, Nigeria's public debt has surged, now reaching an unprecedented ₦27.72 trillion, marking an eye-watering 22.8% increase compared to the ₦121.67 trillion recorded during the same timeframe last year. This staggering growth invites immediate scrutiny: What are the driving forces behind this rapid expansion? According to the most recent figures from the Debt Management Office (DMO), the nation’s total debt has climbed by ₦4.72 trillion, or 3.3%, rising from ₦144.67 trillion at the…

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