Economy

Discover the latest stories and insights from economy across Africa

29 Articles

Featured Stories

Dangote Partners With CNN to Take Africa’s Business Story to the World
Featured
August 22, 2026 • 90 views

Dangote Partners With CNN to Take Africa’s Business Story to the World

Dangote Industries Limited has entered into a new multi-year partnership with CNN International Commercial aimed at putting African businesses, innovation and industrial development before a global audience. The partnership was announced on Monday, August 10, 2026, and will combine television programming, digital storytelling, branded content and international business events. The initiative is designed to present Africa as more than a continent of emerging markets, but as a growing force in global business and economic development. A major part of the agreement is Dangote Industries' sponsorship of Africa Inc., a new 30-minute programme on CNN International. The programme will be hosted by Nigerian journalist Adefemi Akinsanya and will focus on African companies that are competing, expanding and creating opportunities on the global stage.

By Azeema Aliu Read More →
Djibouti: Meet the People and Story of One of Africa’s Country
Featured
August 18, 2026 • 78 views

Djibouti: Meet the People and Story of One of Africa’s Country

Djibouti is located in the Horn of Africa, in the northeastern part of the continent. The country shares borders with Eritrea to the north, Ethiopia to the west and south, and Somalia to the southeast. The country covers only about 23,200 square kilometers, making it one of Africa's smallest states

By Esther Ojoma Sule Read More →
ECOWAS Approves Nigeria-Morocco $25bn Gas Pipeline Project
Featured
August 5, 2026 • 128 views

ECOWAS Approves Nigeria-Morocco $25bn Gas Pipeline Project

The Economic Community of West African States (ECOWAS) has approved the Nigeria-Morocco Gas Pipeline project, marking a major milestone for one of Africa's most ambitious energy infrastructure initiatives. The approval came during the 69th Ordinary Session of the ECOWAS Authority of Heads of State and Government held in Freetown, Sierra Leone, where member states endorsed the project's legal and institutional framework by signing an Inter-Governmental Agreement (IGA). The move provides the political and legal backing needed to advance the next phase of the project.

By Victoria Abiodun Read More →

Latest Economy

Sort by:
Dangote Partners With CNN to Take Africa’s Business Story to the World
economy
• 90 views

Dangote Partners With CNN to Take Africa’s Business Story to the World

Dangote Industries Limited has entered into a new multi-year partnership with CNN International Commercial aimed at putting African businesses, innovation and industrial development before a global audience. The partnership was announced on Monday, August 10, 2026, and will combine television programming, digital storytelling, branded content and international business events. The initiative is designed to present Africa as more than a continent of emerging markets, but as a growing force in global business and economic development. A major part of the agreement is Dangote Industries' sponsorship of Africa Inc., a new 30-minute programme on CNN International. The programme will be hosted by Nigerian journalist Adefemi Akinsanya and will focus on African companies that are competing, expanding and creating opportunities on the global stage.

By Azeema Aliu Read More →
Djibouti: Meet the People and Story of One of Africa’s Country
african-history
• 78 views

Djibouti: Meet the People and Story of One of Africa’s Country

Djibouti is located in the Horn of Africa, in the northeastern part of the continent. The country shares borders with Eritrea to the north, Ethiopia to the west and south, and Somalia to the southeast. The country covers only about 23,200 square kilometers, making it one of Africa's smallest states

By Esther Ojoma Sule Read More →
ECOWAS Approves Nigeria-Morocco $25bn Gas Pipeline Project
economy
• 128 views

ECOWAS Approves Nigeria-Morocco $25bn Gas Pipeline Project

The Economic Community of West African States (ECOWAS) has approved the Nigeria-Morocco Gas Pipeline project, marking a major milestone for one of Africa's most ambitious energy infrastructure initiatives. The approval came during the 69th Ordinary Session of the ECOWAS Authority of Heads of State and Government held in Freetown, Sierra Leone, where member states endorsed the project's legal and institutional framework by signing an Inter-Governmental Agreement (IGA). The move provides the political and legal backing needed to advance the next phase of the project.

By Victoria Abiodun Read More →
Tanzanian Billionaire Dewji Signals Plan To Invest $100m in Dangote’s $17bn Kenya Refinery
economy
• 111 views

Tanzanian Billionaire Dewji Signals Plan To Invest $100m in Dangote’s $17bn Kenya Refinery

Tanzanian billionaire and MeTL Group President Mohammed Dewji has expressed interest in investing $100 million in Nigerian businessman Aliko Dangote’s proposed $17 billion oil refinery in Kenya, as Dangote expands his refining ambitions across Africa. Dewji disclosed his interest during an interview on Thursday, July 9, 2026, with his comments subsequently reported by Bloomberg on Friday, July 10. He said he was interested in participating in the project even though he would have preferred the refinery to be located in his home country, Tanzania. Dewji was quoted as saying, “I would lean more toward Tanzania than in Kenya.” Despite his preference, he did not rule out investing if Dangote proceeds with the project in Kenya. The billionaire also said he had not yet finalized discussions with Dangote regarding the proposed investment.

By Azeema Aliu Read More →
HE SOLD HIS CRYPTO TO BUY A NIGERIAN FARM. NOW HE'S TRYING TO FIX WHY 90% OF AFRICA'S FARMERS CAN'T GET A LOAN
economy
• 111 views

HE SOLD HIS CRYPTO TO BUY A NIGERIAN FARM. NOW HE'S TRYING TO FIX WHY 90% OF AFRICA'S FARMERS CAN'T GET A LOAN

In 2020, while most of the world was learning to live indoors, Alexander Zanders did the opposite. He sold off his cryptocurrency holdings bought back when Bitcoin was still under $10 and used the money to buy 100 acres of farmland in Nigeria. He had no farming background. What he had was a question that had been forming since a trip through the American South years earlier, watching Black laborers picking cotton by hand in Moultrie, Georgia, and wondering why parts of Africa were still doing the same work the same way, generations later. He ran the farm himself. And the thing that stopped him wasn't the soil, the weather, or the harvest. It was money specifically, the complete absence of it for the smallholder farmers around him.

By admin Read More →
DANGOTE ISN'T JUST BUILDING A COMPANY ANYMORE. HE'S BUILDING AFRICA'S ENERGY MAP.
news
• 100 views

DANGOTE ISN'T JUST BUILDING A COMPANY ANYMORE. HE'S BUILDING AFRICA'S ENERGY MAP.

Let's get the number out of the way first, because it deserves to sit there uncomfortably for a second: $46 billion. That's what Dangote Industries has committed to spend between 2026 and 2028 — not over a decade, not as an aspiration, but as a stated, three-year investment programme spanning refining, cement, and fertiliser. It's the kind of figure that usually belongs to a national budget, not a single privately-controlled African conglomerate. And it's on top of the $20 billion already sunk into the Lagos refinery alone.

By Azeema Aliu Read More →
THE RICHEST MAN ALIVE CUT AID TO THE POOREST PEOPLE ON EARTH. SIT WITH THAT.
news
• 133 views

THE RICHEST MAN ALIVE CUT AID TO THE POOREST PEOPLE ON EARTH. SIT WITH THAT.

Elon Musk is worth close to a trillion dollars. The programme he shut down was keeping millions of Africans alive on a budget his net worth could cover for generations. That contradiction is the story. Let's start with the number, because the number is the whole point: Elon Musk's net worth sits at roughly $975 billion. Not million. Billion — with a 'b' that keeps adding zeroes faster than most economies can grow. In 2025, he took a chainsaw, literally his word for it, to the United States Agency for International Development, the arm of American foreign policy that had spent decades keeping the poorest parts of the world's poorest continent alive.

By admin Read More →
NIGERIA'S STOCK MARKET IS NOW THE BEST-PERFORMING IN THE WORLD
news
• 256 views

NIGERIA'S STOCK MARKET IS NOW THE BEST-PERFORMING IN THE WORLD

Bloomberg data confirms the NGX has overtaken South Korea's Kospi to lead all 92 global exchanges tracked this year, driven by financial-services stocks, FX reforms, and a pending frontier-market upgrade Photo: Premium Times — Stockbrokers on the trading floor of the Nigerian Exchange, Lagos Nigeria's stock market has become the best-performing equity market in the world in dollar terms, according to Bloomberg data tracking 92 global exchanges. The Nigerian Exchange (NGX) benchmark index has returned 67 percent year-to-date, narrowly ahead of South Korea's Kospi at 66 percent the previous global leader.

By Azeema Aliu Read More →
Nigeria is Now Airtel’s Most Valuable Growth Engine
news
• 534 views

Nigeria is Now Airtel’s Most Valuable Growth Engine

Nigeria is no longer just a 'big' market; it is a 'valuable' one. For years, the story was told through the lens of sheer numbers, but recent financial shifts at Airtel Africa prove that the real story is now Average Revenue Per User (ARPU). Driven by a 70% explosion in data revenue, the Nigerian consumer is proving that even amidst economic headwinds, the hunger for digital connectivity is transforming the nation from a volume-play into a high-value tech powerhouse

By Ajayi Korede Read More →
CBN Tightens BVN Rules — What It Means for Bank Customers from May 1st
news
• 203 views

CBN Tightens BVN Rules — What It Means for Bank Customers from May 1st

Nigeria’s central bank is introducing new rules around the Bank Verification Number (BVN), a move that could change how millions of people use digital banking services. The Central Bank of Nigeria (CBN) says the measures, set to take effect from May 1, are aimed at strengthening security, reducing fraud and improving control over the country’s financial system.

By Azeema Aliu Read More →
Lagos acquires new trains to boost Red Line capacity
news
• 151 views

Lagos acquires new trains to boost Red Line capacity

Authorities in Nigeria’s commercial capital, Lagos, have announced the arrival of a new set of trains aimed at strengthening the city’s growing rail network. The governor of Lagos State, Babajide Sanwo-Olu, confirmed that 24-car train sets have been received to support operations on the Lagos Red Line. The development is expected to increase passenger capacity, reduce waiting times, and ease daily commuting for millions of residents in the densely populated city.

By Azeema Aliu Read More →

Trending in Economy

1

Nigeria, US Sign $5.1 Billion Health Deal to Boost Disease Control and Healthcare Infrastructure

797 views • December 23, 2025
2

Obi Raises Alarm Over Vote-Buying as Lawmakers Resist Reform

695 views • December 23, 2025
3

Nigeria is Now Airtel’s Most Valuable Growth Engine

534 views • May 12, 2026
4

The Moniepoint Saga and the Talent Paradox: What Nigerians Are Failing to See

442 views • May 11, 2026
5

Nigeria Is Not A Disgraced Country But A Nation That Lack Strong Structure: John Fagbemi

439 views • February 13, 2026