Senegalese football star Sadio Mané is putting about $20.4 million of his own money into an agro-industrial project in his hometown of Bambali, but the bigger story is not simply that a footballer is building a factory. The SM10 Agro project is designed to tackle one of Senegal’s agricultural problems while creating jobs and turning…
The Federal Government is trying to hold the line on two major household costs as Nigerians continue to deal with higher living expenses: electricity tariffs and petrol prices. On September 21, 2026, the Minister of Power, Joseph Tegbe, said there were no plans to increase electricity tariffs for now, following reports that another hike could…
Aliko Dangote is preparing for another major expansion of his business empire, with plans to invest more than $10 billion in Africa’s power sector over the next three to four years while also taking his fertiliser business public in 2028. The announcements point to a wider shift in the Dangote Group’s strategy. Rather than focusing…
Nigeria’s headline GDP growth may be improving, but the country’s manufacturing sector slowdown is raising a different question: can economic growth continue without stronger industrial production? The Manufacturers Association of Nigeria (MAN) has warned that the country’s industrial sector is losing momentum, with real industrial growth falling from 7.46% in Q2 2025 to 3.96% in…
China has reduced shipments of rare earth magnets to the United States just days before President Donald Trump and Chinese President Xi Jinping are due to meet in Washington. The timing is drawing attention because rare earth magnets are critical to industries ranging from electric vehicles and electronics to defence equipment. Chinese customs data released…
Nigeria’s economic managers have taken a step toward making fiscal and monetary policy work more closely together, with Finance Minister Taiwo Oyedele and Central Bank of Nigeria Governor Olayemi Cardoso signing a new Memorandum of Understanding on September 21, 2026. The Nigeria fiscal-monetary policy coordination MoU creates a formal framework for regular consultation, information sharing…
Abuja has hosted a China-Nigeria fashion show that brought Chinese and Nigerian styles together on one runway, turning fashion into a platform for cultural exchange and a possible opening for deeper creative and business cooperation. The event, organised by the China Cultural Centre and partners, featured designs inspired by the traditions of both countries. Organisers…
President Bola Tinubu is seeking deeper investment from France-based Bolloré Group as Nigeria tries to turn the global popularity of its entertainment industry into more local production, jobs and infrastructure. Tinubu met Bolloré Group chairman Vincent Bolloré and company executives in Paris on Friday, with discussions covering film, entertainment, fibre-optic infrastructure and the wider digital…
The US Federal Reserve has raised its benchmark interest rate for the first time in more than three years, taking the federal funds target range to 3.75% to 4% as policymakers respond to stubborn inflation. The decision came despite President Donald Trump’s repeated calls for lower interest rates. At the same time, the US Treasury…
Nigeria’s headline inflation rate has continued to slow, falling from 15.43 per cent in July to 15.39 per cent in August 2026. The latest figures from the National Bureau of Statistics (NBS) show another month of easing price pressures, but the numbers do not mean Nigerians are suddenly paying less for food and other essentials….
