Africa loses $40bn annually to illicit financial flows in extractive sector – ECA
June 6, 2025 The United Nations Economic Commission for Africa (ECA) says Africa is losing an estimated 40 billion dollars annually to illicit financial flows (IFFs) in the extractive sector….
How Tinubu’s vision gave birth to Dangote Refinery, others – Dangote reveals
The Chairman of the Dangote Group, Alhaji Aliko Dangote, on Thursday described the Dangote Petroleum Refinery and Petrochemicals Complex as the brainchild of President Bola Tinubu. Dangote gave the credit…
TD Africa deepens strategic ties with Dell Technologies in high-level executive visit
Sub-Saharan Africa’s foremost technology distributor, TD Africa, has reaffirmed its long-standing alliance with Dell Technologies during a high-powered courtesy visit on June 3rd, 2025, at Dell’s regional office. Mrs. Chioma…
AFC says Africa has $4 trillion local capital available to fund infrastructure
June 5, 2025 African governments should turn to an estimated $4 trillion in capital held by domestic institutions like pension funds to develop much-needed local infrastructure as external funding sources…
Local debt markets could shield Africa as funding sources shrink – Moody’s says
June 4, 2025 African countries should focus on developing liquid local debt markets in their home currencies to protect them from global volatility and fickle foreign investors, said Moody’s global…
Local firms drive new growth phase in Nigeria’s oil sector
June 3, 2025 Nigeria is witnessing a significant shift in its oil and gas landscape as local companies expand their roles, driving a new phase of potential sectoral growth and…
Gates Foundation supports Nigeria with $7.5m for AI scaling initiative
June 3, 2025 The Gates Foundation has agreed to support the Federal Government with $7.5 million for Nigeria’s Artificial Intelligence (AI) Scaling Hub, a new initiative. This would accelerate the…
Nigeria seeks $25bn gas pipeline investment, meets Vitol Group
Vice-President Kashim Shettima says Nigeria is pursuing a $25 billion undersea gas pipeline project aimed at supplying natural gas to Europe through the West African coastline. Shettima disclosed this on…
Konga launches 3rd edition of Mid-Year Shopping Festival with massive discounts
Konga, Nigeria’s largest indigenous e-commerce giant, has announced the third edition of its Mid-Year Shopping Festival with discounts up to 50%. The campaign, which began on Sunday, June 1st and…
Musk’s Neuralink raises $650 million in latest funding as clinical trials begin
June 3, 2025 Elon Musk’s Neuralink said on Monday that it had raised $650 million in its latest funding round as its brain implant device enters clinical trials. “This funding…