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News - Page 29

Fuel Subsidy: World Bank Must Allow Africa’s Poor Breathe

World Bank Flags Taxes, Bribery as Constraints on Kenya Businesses

October 1, 2026

Kenya’s private sector faces higher costs and uncertainty from multiple taxes, regulatory hurdles and bribery, the World Bank said on Thursday, warning that the constraints are weighing on investment and business growth.

Between Fuel Price Burden And CNG Conversion Cost, Safety: The Dilemma Of Nigerians

News·Nigeria·Top Stories

Nigeria’s CNG Rollout puts Tinubu’s Transport Fare Pledge to the Test

October 1, 2026

Nigeria’s government on Thursday reached its target date for further transport fare reductions on selected routes using compressed natural gas (CNG) and electric vehicles, putting its pledge to ease commuting costs to

Africa·News·Top Stories

Zimbabwe Ferry Capsize Kills 44 as Search Continues on Lake Kariba

At least 44 people have died after an overloaded passenger ferry capsized on Zimbabwe’s Lake Kariba, with rescue teams continuing to search for victims after survivors said they urged the captain to turn back as waves grew increasingly dangerous, Prime Business Africa

August 12, 2026

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

News·Oil & Gas·Top Stories·World News

Crude Climbs as Investors Await Fresh U.S. Inflation Signal

Oil prices rose on Wednesday, extending a six-session rally, as renewed concerns over Middle East supply disruptions offset mixed signals from global stock markets ahead of U.S. inflation data that could shape expectations for Federal Reserve policy. Brent crude rose 0.7%

August 12, 2026

News·Technology·Top Stories

How Google Turned Gemini Into a 1 Billion-User AI Platform

Google has pushed its Gemini artificial intelligence assistant past 1 billion monthly active users, marking a major milestone in the company’s effort to turn its AI technology into a mass-market platform. The milestone is the result of a strategy that goes

August 12, 2026

Diaspora·News

Germany’s Deportation of 137 Nigerians Puts Focus on Economic Reintegration

Germany deported at least 137 Nigerians on five documented charter flights between February and June, highlighting the challenge of reintegrating returning citizens and the potential to deploy their skills and experience in Nigeria’s economy. The returnees arrived in five batches 27 in

August 12, 2026

News·Opinion

Osun account freeze: Why Tinubu’s intervention raises troubling questions

A few days before the 15 August governorship election in Osun State, an action by the Economic and Financial Crimes Commission (EFCC) has once again called into question the powers and independence of Nigeria’s anti-corruption agency. The commission had recently restricted the

August 11, 2026

Africa·News·Top Stories

Nigerian Demand for South Africa Visas Nearly Doubles Despite Xenophobia Concerns

Demand for South African visas from Nigerians has nearly doubled despite concerns over attacks on foreign nationals, South Africa’s Consul-General in Nigeria, Prof. Bobby Moroe, said, highlighting continued travel and business ties between the two countries, Prime Business Africa reports. Moroe

August 11, 2026

Africa·Finance & Economy·News·Top Stories

Egypt, Chad Agree to Double Passenger Flights, Raise Cargo Capacity by 125%

Egypt and Chad have agreed to double passenger flight capacity and increase air cargo capacity by 125% as the two countries seek to expand trade, investment and transport links between North and Central Africa, Prime Business Africa reports. The agreement was reached

August 11, 2026

News·Nigeria·Top Stories·Transport

Air Peace Cancels Lagos, Abuja Departures as Labour Unions Block Airport Terminals

Air Peace has suspended scheduled flight departures from Lagos and Abuja after organised labour unions barricaded access to terminals used by the airline, Prime Business Africa reports. The airline said the disruption followed picketing and ongoing industrial action by members of the

August 11, 2026

NERC Unveils Power Outage Reporting App, Begins With Abuja DisCo

News·Nigeria·Power

NERC Moves to Replace Kaduna DisCo Investor After ₦456.5bn Debt Pile

The Nigerian Electricity Regulatory Commission (NERC) has dissolved the board of Kaduna Electricity Distribution Plc (KAEDC) and begun the process of securing a replacement core investor for the company after years of financial and operational deterioration, Prime Business Africa reports. The intervention

August 11, 2026

Africa·News·Sports·Top Stories

Nairobi Enters Race to Host 2029 World Athletics Championships

Nairobi has formally submitted its bid to host the 2029 World Athletics Championships, seeking to make the Kenyan capital the first African city to stage the sport’s flagship global event, Prime Business Africa reports. The bid puts Nairobi in contention alongside London,

August 11, 2026

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India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

India and New Zealand’s free trade agreement (FTA) will take

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Shareholders in Nigeria’s industrial goods sector recorded massive returns in

Naira Weakens Against Dollar, Gains On Pound, Euro In Official Market

On Thursday, the official foreign exchange (FX) rate for the

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News - Page 29

World Bank Flags Taxes, Bribery as Constraints on Kenya Businesses

Nigeria’s CNG Rollout puts Tinubu’s Transport Fare Pledge to the Test

Zimbabwe Ferry Capsize Kills 44 as Search Continues on Lake Kariba

Crude Climbs as Investors Await Fresh U.S. Inflation Signal

How Google Turned Gemini Into a 1 Billion-User AI Platform

Germany’s Deportation of 137 Nigerians Puts Focus on Economic Reintegration

Osun account freeze: Why Tinubu’s intervention raises troubling questions

Nigerian Demand for South Africa Visas Nearly Doubles Despite Xenophobia Concerns

Egypt, Chad Agree to Double Passenger Flights, Raise Cargo Capacity by 125%

Air Peace Cancels Lagos, Abuja Departures as Labour Unions Block Airport Terminals

NERC Moves to Replace Kaduna DisCo Investor After ₦456.5bn Debt Pile

Nairobi Enters Race to Host 2029 World Athletics Championships

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Lithium: Will Nigeria Repeat the Oil Curse?

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World Bank Flags Taxes, Bribery as Constraints on Kenya Businesses

Nigeria’s CNG Rollout puts Tinubu’s Transport Fare Pledge to the Test

October 1: Nigeria Has Passed Through Its Own Red Sea, Prosperity Is Next – Tinubu

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India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Naira Weakens Against Dollar, Gains On Pound, Euro In Official Market

World Bank Flags Taxes, Bribery as Constraints on Kenya Businesses

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News - Page 29

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