A wave of real estate development in the cities and urban centres of Africa’s most populous nation, where the government requires $6.25 billion in yearly investment to narrow a housing shortfall, is fuelling demand for building materials, particularly cement. Nigeria’s building boom, propelled by rapid urbanisation and infrastructure development, laid the groundwork for the 245.9…
Abuja — Despite controlling at least 60 per cent of West Africa’s $80 billion oil market, Nigeria’s cost of drilling per barrel is about 40 to 50 per cent higher than its peers, a report by Deloitte, a global firm which provides audit, consulting and financial advisory services across various industries, has said. Besides, the…
Iyinoluwa Aboyeji * This article was first published by Africa’s Business Heroes In this conversation, Iyin Aboyeji reflects on his journey building Andela, a platform connecting tech professionals from emerging markets with companies seeking remote talent, and Flutterwave, a payments company. He also discusses his move into investing with Future Africa and his belief that…
Nigeria’s chances of reaching the 2026 FIFA World Cup have been handed a major boost after FIFA sanctioned South Africa for fielding an ineligible player during a qualifier. The FIFA Disciplinary Committee announced on Monday that South Africa’s Bafana Bafana forfeited their March 21 clash against Lesotho for using midfielder Teboho Mokoena, who was not…
After two wins from two games, Nigeria’s senior men’s team, D’Tigers, will battle Cameroon’s Indomitable Lions with similar results this afternoon in Group B of the ongoing 2025 Afrobasket Championship in Luanda, Angola. The winner of this top-of-the-billing clash will earn the Group B ticket to the quarterfinals while the loser will be forced to…
A strong contingent of Nigerian para-powerlifters will depart the country on Monday to compete at the highly anticipated Para-Powerlifting World Cup in Santiago, Chile. The News Agency of Nigeria (NAN) reports that the tournament is slated for Aug. 11 to Aug. 18. Nigeria will be represented by 10 athletes across different weight categories, all poised…
Nigeria’s head coach Justin Madugu has been named Coach of the Tournament at the 2024 CAF TotalEnergies Women’s Africa Cup of Nations (WAFCON), crowning a remarkable campaign in which he led the Super Falcons to a historic 10th continental title. Madugu’s emergence as one of the standout figures at the tournament marks a defining moment…
Deepankar Rustagi, CEO of OmniRetail, at the Africa CEO Forum in Abidjan Over the past two decades, modern shopping malls and air-conditioned grocery stores have been popping up across Nigeria. Yet, this is not where most Nigerians shop. An estimated 90% of retail transactions still take place through informal channels – a vibrant ecosystem of…
