Air Peace expands domestic routes, launches new African services
Air Peace Ltd. has confirmed expanded domestic operations for the Summer 2026 season, with increased frequencies and seat capacity. The airline said the move would improve connectivity across key Nigerian…
Africa’s Mobile Economy Reaches $240 Billion Impact in 2025 – GSMA
A new GSMA report reveals that mobile technologies and services contributed $240 billion to Africa’s economy in 2025, accounting for 7.8% of the continent’s total GDP. According to the GSMA…
Nigeria Supplies 127,000 bpd of Jet Fuel to Europe in June, Easing Global Shortfalls
…As market rebalances on higher production, imports Concerns over a major deficit in the global jet fuel market have eased significantly ahead of the peak summer travel season, thanks to…
Oil prices fall 5% to 3-month low on hopes Strait of Hormuz will open
Oil prices fell about 5% for a second day in a row to a three-month low on Tuesday as details emerged of an interim deal to end the war in…
NCC Begins Review of Mobile Termination Rates to Reflect New Economic Realities After 8 Years
The Nigerian Communications Commission (NCC) has commenced a comprehensive review of Mobile Termination Rates (MTR), eight years after the current rates were introduced in 2018. The Head of Competition and…
Mobile tech to add $290 billion to Africa’s economy by 2030, GSMA says
Mobile technologies are forecast to contribute $290 billion to Africa’s economy by 2030 as digital adoption deepens, although the region’s main challenge has shifted from expanding infrastructure to ensuring people…
Stablecoins gain in Nigeria for cross-border transfers, IMF says
Nigerians are increasingly turning to U.S. dollar-pegged digital tokens, or stablecoins, to move money across borders, as households and small businesses seek cheaper and faster alternatives to traditional channels, the…
37 vessels to arrive Lagos ports with petroleum products, food, others – NPA
The Nigerian Ports Authority (NPA) has said that 37 ships with petroleum products, food items and other goods are expected at Apapa, Lekki Deep Sea Port and Tincan Island port…
Nigeria’s inflation rate rises to 15.93% in May – NBS
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate rose to 15.93 per cent in May. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation…
Dangote to revive Olokola Free Trade Zone in Ondo
The President and Chief Executive Officer of Dangote Group, Alhaji Aliko Dangote, says the Olokola Free Trade Zone (OKFTZ) in Ondo State will be developed into the biggest industrial free…