More than a year after Nigeria secured a spot on the first list of six African countries to receive the mRNA vaccine technology to build an independent vaccine production system, Africa’s largest economy has yet to unveil strategies to set the process in motion, particularly funding. The transfer of the technology, which birthed the unconventional […]

read more SA races ahead of Nigeria to fund post-COVID strategy

Nigerian banks are finding out the hard way that the grass is not always greener on the other side as the country’s biggest banks are incurring billion-naira impairment costs from their investments in Ghanaian bonds due to the neighbouring country’s debt crisis. Zenith Bank, Guaranty Trust Holding Company (GTCO), United Bank for Africa (UBA), Ecobank […]

read more Nigerian banks’ Africa foray faces major test

Netflix recently released a report showing its impact on the African market from 2016 to 2022, looking closely at three of its biggest markets South Africa, Nigeria, and Kenya. The report showed that Netflix invested a total of $125 million in South Africa and $23.6 million in Nigeria, despite the latter, the most populous nation […]

read more Why Netflix invested more in South Africa than Nigeria

Nigeria’s Crude Palm Oil (CPO) imports from Malaysia – top global producer – have risen by 505 percent in the first quarter of 2023 despite local production push by the federal government, data from Malaysian Palm Oil Council (MPOC) shows. The country’s CPO import from Malaysia increased to 63,788 metric tons (MT) in the first […]

read more Palm oil imports from Malaysia rises 505% in Q1 despite local production push

With just over a month to the end of his tenure, President Muhammadu Buhari’s plan to restructure the debt owed to the central bank has not got off the ground. Lawmakers have yet to give it the green light. Four months ago, Buhari sent a letter to the National Assembly seeking approval to convert N22.7 […]

read more Buhari’s N22.7trn debt conversion plan stuck in limbo