BUSINESS

OPEC cuts oil production by 1.2 million barrels a day

A deal has been reached after a stalemate. On Friday, OPEC and a coalition of oil producers led by Russia agreed to cut oil production by 1.2 million barrels a day...

Nigeria, Libya plead for special exemptions as OPEC agrees to cut oil production

Nigeria and Libya, two countries in West and North Africa, as well as Iran and Venezuela, are pleading with OPEC for special exceptions, as the world’s biggest oil suppliers attempt to reach a...

Marriott opens first hotel in Cape Town, South Africa, amidst massive data breach

Marriott has opened its first hotel in Cape Town, South Africa, amidst a massive data breach that may have compromised the personal information of many prominent Africans. The...

Auditors deliver scathing verdict: EU’s €4.1 billion trust fund for Africa lacks focus, delivering little results

The verdict was clear: The European Union Emergency Trust Fund for Africa is a flexible tool for providing assistance in areas such as food, education, health, security and sustainable development, but...

Africa’s youngest trade minister is Bogolo Kenewendo from Botswana. She’s 30 and female

Botswana's political elite is dominated by men, most of them in their late 50s and 60s. Rarely do women rise to top positions in government. But Bogolo Kenewendo...

These are Africa’s 7 top oil producers with their ranking

Several countries in Africa are described as oil producers and are members of OPEC, but how much oil do they really produce? According to OPEC third quarter 2018...

World’s renowned economist: Africa’s “easy decade” of accelerated growth coming to an end

Professor Paul Collier, one of the world’s most influential development economists, warned on Monday that Africa’s “easy decade” of accelerated economic growth might be coming to an end, and the only...

South Africa’s Vantage Capital invests €19 million in Pétro Ivoire, leading distributor of oil & gas in Côte d’Ivoire

Vantage Capital, Africa’s largest mezzanine fund manager, has provided €19 million of mezzanine funding to Pétro Ivoire, a leading distributor of oil & gas products in Côte d’Ivoire.

Africa’s best innovators to compete at “TechCrunch Startup Battlefield 2018” sponsored by Facebook

Facebook is returning as the headline sponsor of TechCrunch Startup Battlefield Africa 2018. The event, taking place in Lagos, Nigeria — will search for Sub-Saharan Africa’s best innovators, makers and technical...

Dangote Group woos communities around its huge oil refinery being built by Africa’s richest man

Dangote Group is courting communities around its huge oil refinery being built in Nigeria by Africa’s richest man.Billionaire Aliko Dangote has said in interviews that he hopes...
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3 Nigerians dead from coronavirus in U.S. They were from Kano, Abia and Calabar

The Consul General of Nigeria in New York, Mr Benaoyagha Okoyen, has confirmed the death of...
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SERAP asks Nigerian federal government and central bank to provide spending details on COVID-19 relief funds, school feeding

Socio-Economic Rights and Accountability Project (SERAP) has asked the Federal Government and Central Bank of Nigeria (CBN) to “provide spending details...

Nigerian activists condemn killing of 8 inmates protesting against coronavirus in Kaduna prison

The Centre for Anti-Corruption and Open Leadership, CACOL has chastised the Kaduna state prison officials for their wanton murder of 8 inmates of...

Lagos to cover medical expenses for pregnant women and surgery patients amid coronavirus pandemic, governor says

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Saturday, announced more palliative measures for vulnerable residents who might be affected by the...

House of Representatives seeks 2-month free power supply for Nigerians amid coronavirus lockdowns and shutdowns

The House of Representatives is to consider a fresh Stimulus Bill that will ensure that Nigerians get free electricity supply for...
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