Business

Africa imports $100bn in food as local processing struggles to keep up

Africa imports $100bn in food as local processing struggles to keep up

Africa’s food challenge is not simply a question of production. The continent has the land, farmers and resources to produce…
NCDMB turns internal expertise into training platform for staff, industry

NCDMB turns internal expertise into training platform for staff, industry

The Nigerian Content Development and Monitoring Board (NCDMB) is opening up the knowledge within its seven directorates through a new…
PETAN sees 500,000bpd deepwater boost as Nigeria targets 3mbpd

PETAN sees 500,000bpd deepwater boost as Nigeria targets 3mbpd

The Petroleum Technology Association of Nigeria (PETAN) says major deepwater projects expected to begin drilling this year could add as…
NCDMB opens Nigeria’s oil and gas market to Chinese manufacturers

NCDMB opens Nigeria’s oil and gas market to Chinese manufacturers

Nigeria is asking Chinese oil and gas equipment manufacturers to look beyond the size of its market and consider what…
CBN slashes MPR to 23%, but when will businesses feel it?

CBN slashes MPR to 23%, but when will businesses feel it?

The Central Bank of Nigeria has made a major turn towards cheaper money, cutting its Monetary Policy Rate (MPR) by…
DR Congo looks to Nigeria for lessons on building local content

DR Congo looks to Nigeria for lessons on building local content

The conversation around local content in Africa is beginning to move beyond individual countries trying to build capacity on their…
Nigeria’s insurance gap leaves 36 million small businesses vulnerable

Nigeria’s insurance gap leaves 36 million small businesses vulnerable

A small business can take years to build and one major setback to lose. For a trader, a fire could…
Should you buy Dangote shares?

Should you buy Dangote shares?

What started as one of Nigeria’s biggest construction projects has grown into a major industrial business. Now, Dangote Refinery is…
Nigeria’s banks closed 476 branches in three years as digital banking takes over

Nigeria’s banks closed 476 branches in three years as digital banking takes over

There was a time when opening a bank account meant finding the nearest branch, joining a queue and waiting for…
Dangote refinery’s US$1.6 billion IPO opens September 14.

Dangote refinery’s US$1.6 billion IPO opens September 14.

For years, the Dangote Refinery has been largely a story about construction, billions of dollars in investment and Nigeria’s attempt…
Nigeria has money. So why is business financing still so difficult?

Nigeria has money. So why is business financing still so difficult?

A Nigerian business owner looking for money to expand does not need to be told that there is liquidity in…
Uber left Nigeria. What happened to the ride-hailing business?

Uber left Nigeria. What happened to the ride-hailing business?

When Uber, a ride-hailing company, arrived in Lagos in 2014, booking a car with a phone was still a novelty.…
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