The Dangote Group has secured a $600m loan facility from the Africa Finance Corporation (AFC) to support a major expansion of its fertiliser business, a move expected to significantly boost Africa’s fertiliser production capacity, strengthen food security and generate more than $4bn annually in export earnings within […]
Category: Industry
Industry
Nigeria Risks 27.5% US Tariffs Under Proposed Trade Measures
Nigeria could face tariffs of up to 27.5 per cent on exports to the United States under a proposed trade measure by the US government targeting countries accused of failing to adequately prevent the importation of goods linked to forced labour. The proposal, announced by the Office […]
DataPro Warns Rising Debt Costs, Fiscal Strain Threaten Sovereign Credit Ratings
A new report by DataPro has warned that mounting fiscal constraints, rising debt servicing costs, and external vulnerabilities are increasingly putting pressure on sovereign credit ratings, particularly in emerging and commodity-dependent economies. In its latest monthly publication titled “Unlocking Sovereign Rating Factors,” the firm said while sovereign credit […]
Nigeria Shifts To Public Policy Partnership, Deepens Private Sector Role
The Federal Government has unveiled a new policy framework aimed at deepening private sector participation in economic management, marking a shift from traditional public-private partnerships (PPP) to a broader “public policy–private partnership” approach designed to drive investment-led growth. The Minister of Finance and Coordinating Minister of the […]
Africa’s $2trn Assets Fail To Boost Infrastructure Investment — Report
Africa’s institutional capital pool rose sharply to more than $2trn in 2025, but the continent continues to struggle to channel these funds into critical infrastructure and industrial development, according to a new report by the Africa Finance Corporation (AFC). The findings, published in the AFC’s latest State […]
HSM Market To Hit $3.51bn By 2031 On Cybersecurity Demand
The global hardware security modules (HSM) market is set for steady expansion, with projections indicating it will reach $3.51bn by 2031, driven by rising cybersecurity investments and increasing demand for robust encryption key management solutions, according to a new report released by Mordor Intelligence. The market, valued […]
Energia Appoints Oladimeji Bashorun As Chief Executive Officer
Energia Limited has announced the appointment of Oladimeji Bashorun as its Chief Executive Officer (CEO), following the vacancy created by the exit of Mr. Chidi Egonu. Bashorun, who previously served as the company’s Chief Operating Officer (COO), steps into the role following years of providing strategic and operational […]
Middle East Crisis: World Bank Warns Of Prolonged Economic Strain
The World Bank Group has raised concerns over mounting economic pressures stemming from the ongoing conflict in the Middle East, warning that prolonged instability could significantly disrupt global markets and undermine growth in emerging economies. The institution said in a statement that it is actively engaging with affected […]
Dangote Refinery & Petrochemicals clarifies Media Speculation On IPO
Dangote Petroleum Refinery and Petrochemicals (“DPRP” or the “Enterprise”) has noted with concern the recent circulation of unauthorised information across various media and social platforms regarding a potential Initial Public Offering (“IPO”). DPRP further notes that several online platforms and unofficial sources have published unverified, and in […]
AfCFTA Uptake Low As 66% Nigerian Exporters Earn Below $50,000-Report
The Network of Practicing Non-Oil Exporters of Nigeria (NPNEN) has revealed that utilisation of the African Continental Free Trade Area (AfCFTA) remains significantly low among Nigerian exporters, despite the country recording N12.36trn in non-oil export performance in 2025. This was disclosed in the organizational report […]