Nigerias

Nigerian fuel traders are navigating a challenging landscape filled with unmet expectations. Despite proclamations made six months ago that the state-owned Port Harcourt and Warri refineries were ready for operation, traders still find themselves struggling to secure gasoline from these facilities. It raises an important question: How long can a nation, rich in resources, rely on aging infrastructure? This situation has led traders to maintain their dependence on imports and the privately-owned $20 billion Dangote…

Highlights from the Eighth Ministerial Press Briefing in Abuja The eighth edition of the Ministerial Press Briefing Session took place at the National Press Centre in Abuja, Nigeria, where a lively discussion unfolded. At the heart of it was Hannatu Musawa, Nigeria's Minister of Arts, Culture, and the Creative Economy. With palpable enthusiasm, she unveiled a groundbreaking bilateral initiative between Nigeria and France aimed at bolstering the creative economy. This partnership signifies a pivotal step toward a more…

POCO: Everything You Need, Nothing You Don’t Before we delve deeper, let’s tackle the question on many minds: What exactly is POCO? Born from Xiaomi Corporation's innovative dual-brand strategy, POCO has quickly transformed into an independent brand aimed at the youth demographic. Since its launch, it has ventured into an impressive 98 global markets, all the while adhering to its guiding philosophy: “Everything You Need, Nothing You Don’t.” This mantra encapsulates its commitment to providing essential features…

Aliko Dangote’s Struggle Against the Oil Cabal in Nigeria The saga surrounding Nigeria's oil industry has been a tapestry of power struggles, intricate relationships, and significant financial stakes. Central to this narrative is Aliko Dangote, the wealthiest man in Africa, who has taken on a monumental challenge: building a $23 billion oil refinery poised to reshape the nation’s energy landscape. Yet, as he dives deeper into this project, he finds himself in a persistent battle against entrenched interests within…

In a significant turn of events, Nigeria's Economic and Financial Crimes Commission (EFCC) has initiated a profound investigation into a staggering $2.9 billion refinery fund scandal. This revelation has exposed over ₦80 billion associated with the recently dismissed Managing Director of a key refinery, casting a bloody shadow over the nation’s energy sector. As details unravel, the implications ripple through a web of connectivity that affects not only the refinery's operations but also the broader landscape of…

The planned rally in support of Captain Ibrahim Traoré, the junta leader of Burkina Faso, was initially meant to symbolize a bold display of Pan-African solidarity. Yet, its very intention has ignited a whirlwind of controversy and raised alarms among authorities concerned about potential unrest. Speaking with SaharaReporters, a source closely associated with activist Edokpayi revealed striking details regarding his recent arrest. “He had organized the solidarity rally, but just a day before the event,…

In a poignant address that resonates deeply with the realities facing many Nigerians, Dr. Akinwumi Adesina, the President of the African Development Bank (AfDB), recently sounded the alarm over Nigeria’s worsening economic landscape. His words serve not just as a critique but as a wake-up call: the average Nigerian is now grappling with an economic state that is, alarmingly, worse than it was at independence in 1960. Dr. Adesina's remarks were made during a keynote address at the 20th anniversary dinner of the…

Recent cuts to international funding, notably the stop-work orders imposed by the United States, have begun to take a heavy toll on humanitarian initiatives and local economies that depend heavily on aid operations. This predicament is exemplified by the situation in Maiduguri, Nigeria, as reported by The New Humanitarian. Often nicknamed the heart of aid efforts battling Boko Haram's relentless insurgency, Maiduguri has witnessed notable economic revival, significantly driven by the initiatives of non-governmental…

In an era defined by rapid technological change, few sectors have experienced as much upheaval as the financial technology (fintech) landscape. Recently, Paystack’s introduction of its peer-to-peer transfer app, Zap, has sparked a wave of scrutiny and concern regarding regulatory compliance. It prompts us to ask: how far can innovation go before it bumps into the walls of regulation? The Central Bank of Nigeria (CBN) has raised alarms, asserting that Zap operates similarly to a digital wallet—an assertion that…

“When we launched this conference five years ago, our vision was both simple and ambitious. We aimed to cultivate a space dedicated to open, honest, and forward-thinking dialogue about the realities of conducting business in Nigeria. Five years later, this mission remains steadfast at the core of our activities, and if anything, the need for such engagement has intensified.” These poignant remarks set a compelling tone for DBNC 2025, highlighting the vital necessity for businesses in Nigeria to not only endure…