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…
The European Union’s plan to hike tariffs on steel imported over and above its annual threshold could tip the United Kingdom’s steel industry into its worst crisis in history, industry leaders have warned. On Tuesday, the European Commission proposed that the 27-member bloc would slash its tariff-free steel import quota by 47 percent to 18.3…
Last month, US President Donald Trump had said he would introduce new tariffs to protect the manufacture of medium- and heavy-duty trucks from outside competition. Published On 6 Oct 20256 Oct 2025 Click here to share on social media share2 Share United States President Donald Trump has said that all medium- and heavy-duty trucks imported…
Although Global South countries hold roughly 70% of transition minerals reserves, the majority of the investments in renewable energy are concentrated in the Global North (50%) and China (29%) – with those profits largely falling into the hands of the richest 1%. In 2024, Latin America received 3% of global clean energy investment, and Southeast…
Quectel expands LTE portfolio with Direct-to-Cell (D2C) capabilities enabling 100 percent global reach for IoT developers Quectel Wireless Solutions, a global end-to-end IoT solutions provider, today announced that several of its LTE modules are now available with Direct-to-Cell (D2C) functionality, enabling devices to seamlessly connect to satellite networks. This press release features multimedia. View the…
Across Africa, democracy is being tested – by rising authoritarianism and military coups as well as a growing disconnect between citizens and the institutions meant to represent them. The latest flagship report from Afrobarometer, a pan African research network, delivers a powerful warning. Citizen Engagement, Citizen Power, released in July 2025, reports that over 60%…
Trade between Africa and Singapore has grown significantly over the past five years, rising by more than 50 per cent and highlighting the strengthening ties between the two regions. Bilateral trade increased from $9.2 billion in 2020 to $13.7 billion in 2024, while Singaporean companies have invested over $20 billion across the continent, Enterprise Singapore,…
Africa Prudential Plc has announced a strong performance for the first half of 2025, posting a 75 per cent year-on-year growth in Profit Before Tax to N1.98 billion, compared to N1.13 billion recorded in the same period of 2024. The unaudited results released in Lagos showed that Profit After Tax rose by 73 per cent…
Israel has been bombing Gaza for nearly two years, killing more than 62,000 people, the Palestinian Ministry of Health in Gaza says, but the real number is likely much higher. Israel claims it is targeting fighters from Hamas, not civilians, but a leaked military report reveals a different story. The report says 83 percent of…
