Nigeria

The narrative of Kenya's bustling second-hand clothing economy is not only about numbers but about stories woven into the very fabric of everyday life. In 2023, Kenya's import of second-hand clothes and textiles reached a staggering Sh38.5 billion ($298 million), according to data from the Massachusetts Institute of Technology (MIT). For an economy and a society, what do these numbers truly signify? Categories of Imported Second-Hand Apparel Kenya's import market for second-hand…

Nigeria is embarking on an unprecedented journey in its quest to attract foreign investment while boosting local manufacturing. The renowned automaker, AvtoVAZ, is propelling plans to set up an assembly plant in the nation. Curious about this bold move? Let’s delve into the details. According to Techcabal, AvtoVAZ, commonly associated with its Lada range of accessible passenger cars, SUVs, and commercial vehicles, is charting a path into Nigeria. This venture aligns…

Can you imagine holding a Nigerian passport as a foreigner simply because you made a significant economic contribution? This is not a far-fetched dream but soon could be a reality thanks to Nigeria’s bold new initiative: the citizenship by investment program. But what does this move really mean for the country and investors alike? It's fascinating to observe that countries across the globe are tapping into the potential of Citizenship by Investment (CBI) programs, using it as a magnet to…

Strategic Network Sharing: MTN and Airtel's New Partnership In a move that highlights the evolving landscape of telecommunications in Africa, two industry titans, MTN and Airtel, have joined forces to share critical phone network infrastructure in Nigeria and Uganda. If you’ve ever wondered how this partnership could shape the future of digital connectivity on the continent, you're certainly not alone. Let’s dive deeper into the motivations and potential impacts of this collaboration.…

In a recent development in Nigerian politics, the Senate ethics committee has dismissed a poignant petition brought forth by Senator Natasha Akpoti-Uduaghan. The petition accused Senate President Godswill Akpabio of severe allegations, including sexual harassment, abuse of office, and impediments to legislative duties. The committee's ruling hinged on a critical point: the case is currently under judicial consideration. The atmosphere during the hearing was far from serene. Representing the suspended Senator…

A doctor examines a malnourished baby at the Save the Children stabilisation ward in Maiduguri, Nigeria, captured on November 30, 2016. Throughout centuries, images like these continue to spark a global call to action. The Growing Shadow of Hunger The narrative of hunger and malnutrition unfolds tragically in many corners of the world, and as such, the United Nations Children's Fund (UNICEF) recently announced an alarming scarcity of lifesaving food supplies in Ethiopia and Nigeria. The…

Nigeria Leads in Decline of Cash Transactions Consider for a moment, the bustling streets of Lagos where once the chime of cash registers dominated the soundscape, has now become a haven for digital transactions. How did we arrive at such a transformation? The answer lies in an intriguing report—WorldPay's Global Payments Report 2025 reveals Nigeria is at the forefront of this shift, recording the largest decline in cash usage among major global economies. Think back only a decade ago when…

In recent developments, the military governments of Niger, Mali, and Burkina Faso have made significant announcements regarding their international affiliations. Each country has formally declared its withdrawal from the International Organisation of Francophonie (OIF), following their earlier exits from the Economic Community of West African States (ECOWAS), a transition that took place in January of this year. Such strategic moves raise questions about the broader implications for regional stability and international…

In the vibrant and often tumultuous landscape of Nigerian politics, lawmakers have raised the bar on accountability and transparency, particularly concerning over a dozen non-profit organizations funded by foreign contributors, including USAID. These organizations are at the heart of a parliamentary inquiry aimed at dissecting their operations, the way they manage finances, and the tangible impact their initiatives have on the ground in Nigeria. As reported by Reuters, a decade's worth of tax…

In a significant pivot, Dangote Refinery has announced a temporary halt to the sale of petroleum products in Naira. This decision appears to be a strategic move to sidestep the complexities arising from a disparity between revenues generated in Naira and the obligations tied to dollar-denominated purchases of crude oil, as reported by Premium Times. Without a doubt, this shift means that oil marketers will now be compelled to transact in dollars for crucial commodities, such as petrol and diesel. The implications are…