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News - Page 31

Africa·FEATURES·Finance & Economy·Oil & Gas

Dangote’s $16 Billion Kenya Refinery Faces Scrutiny over Undisclosed Government Commitments

October 1, 2026

The launch of Dangote’s planned $16 billion refinery in Kenya has intensified scrutiny over the terms of the project, with lawmakers demanding access to an agreement they say sets out Kenya’s commitments

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

Africa·Business News·Top Stories

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.

Minimum Wage Decision Expected as Nigerian Labour Leaders Await President's Response ABUJA, NIGERIA – The discussions on the new minimum wage between the Federal Government and Organized Labour are anticipated to conclude today, with labour leaders keenly awaiting President Bola Tinubu's verdict on their N250,000 proposal. The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) had set a Monday deadline for finalizing the new minimum wage talks. Last Friday, the Tripartite Committee on National Minimum Wage concluded its meetings where the Federal Government and the Organized Private Sector agreed on N62,000, while Labour demanded N250,000. However, the Nigeria Governors Forum declared that any minimum wage exceeding N60,000 would be unsustainable. A labour leader who spoke anonymously on Sunday stated, "We have submitted the report to the president and are waiting for him to make his decision. That is the most important thing and that is what we are all waiting for." The labour leaders, including NLC President Joe Ajaero, are currently attending a labour conference organized by the International Labour Organisation in Geneva, Switzerland. The leadership plans to hold a National Executive Council meeting upon their return, where a decision on a potential strike will be made based on the president's feedback. "We must come back from Geneva first before we can hold a NEC meeting. We are also trying to be careful so the government won't say Labour is inciting citizens against it. We are waiting for the president's decision," added another top NLC official. The labour unions, comprising the NLC and TUC, recently embarked on a two-day nationwide strike to demand a new minimum wage and the reversal of the electricity tariff hike. The strike was suspended for five days after a commitment was made with the Federal Government to resume negotiations and establish a new minimum wage within a week. Following a six-hour meeting between labour leaders and the National Assembly in Abuja, President Tinubu directed the finance minister, Wale Edun, to present the cost implications of a new minimum wage within two days. The finance minister, alongside the Minister of Budget and National Planning, Atiku Bagudu, presented the cost implications at the Presidential Villa on Thursday. The president is currently reviewing the proposal and is expected to make an official announcement soon. When asked about the Monday ultimatum, a source within the NLC said, "We have sent a report to the committee and are expecting the president to act on it. We will hold a National Executive Council meeting regarding the ultimatum when we return from Geneva. It is very important for us to be there, but right now, we are patiently waiting for the decision of Mr President." Organized Labour's recent actions underscore the urgency and importance of establishing a new minimum wage for Nigerian workers. The outcome of President Tinubu's decision will be crucial in determining the next steps for both the government and the labour unions. Related News: Atiku claims to have saved Tinubu's political career Debating the appropriate wage for workers Labour criticizes governors for minimum wage stance The labour leaders and the nation await the president's decision, which will significantly impact the economic and social landscape of Nigeria.

Labour·News·Nigeria

NLC Seeks Review of ₦70,000 Minimum Wage, Sets ₦500,000 Benchmark

The Nigeria Labour Congress (NLC) is preparing to reopen negotiations with the Federal Government over Nigeria’s national minimum wage, saying the ₦70,000 statutory wage has been eroded by rising living costs and no longer adequately meets workers’ basic needs, Prime Business Africa

August 9, 2026

Africa·Finance & Economy·News·Top Stories

Ghana, Jamaica Open New Frontiers for Africa-Caribbean Trade

Ghana and Jamaica are moving to deepen economic ties through a proposed maritime trade corridor linking the ports of Tema and Kingston, plans for direct air connectivity, expanded labour mobility and stronger trade incentives between Africa and the Caribbean, Prime Business Africa

August 8, 2026

News·Nigeria·Security·Top Stories

Police Kill Suspected Gang Kingpin Linked to Murder of Imo Monarch, Five Others

The Nigeria Police Force has killed a suspected gang kingpin allegedly linked to the April 10 murder of a traditional ruler and five others in Ohaji/Egbema Local Government Area of Imo State, recovering an AK-47 rifle, three magazines and 56 rounds of

August 8, 2026

THE Nigerian Mission in South Africa and the Nigerian Doctors Forum South Africa

Health·News·Top Stories

Nigerian Medical Academics Give Government Three Weeks to Avert Strike

The Nigerian Association of Medical and Dental Academics (NAMDA) has given the Federal Government three weeks to resolve outstanding issues in ongoing negotiations, warning that failure to reach an agreement by August 31 could trigger a three-day warning strike, Prime Business Africa

August 8, 2026

Africa·News·Top Stories

Kenya Court Says Presidential Election Was Due in 2026, Suspends Ruling

Kenya’s High Court has ruled that the country’s next presidential election was constitutionally due in August 2026 rather than 2027, but suspended the effect of its decision, leaving the existing electoral timetable in place, Prime Business Africa reports. Justice Mugure Thande

August 7, 2026

Nigeria Accounts For 35% Of Foreign Airlines’ Trapped Funds Globally

News·Top Stories·Transport

Emirates Expands South African Airways Alliance to Strengthen African Network

Emirates has expanded its long-standing partnership with South African Airways (SAA), broadening its reach across Southern and Central Africa through a reciprocal codeshare agreement that also supports the South African carrier’s post-restructuring growth strategy. The agreement allows Emirates to place its flight

August 7, 2026

News·Sports·World News

Moroccan Football Prospect Dies in Attempted Sea Crossing to Spain

Moroccan footballer Faten Ben Amar El Azizi, 20, died while attempting to swim from Morocco to Spain’s North African enclave of Ceuta, her club and the Moroccan Union of Professional Footballers said, in a tragedy that underscores the risks faced by migrants

August 7, 2026

Finance & Economy·News·Top Stories

Oil Firms Remit $6.75bn, ₦1.53tn to NDDC as Senate Probes Extractive Sector Revenues

Oil and gas companies operating in Nigeria remitted $6.755 billion and ₦1.529 trillion in statutory contributions to the Niger Delta Development Commission (NDDC) between 2021 and 2025, but still have outstanding obligations of $290 million and ₦163 billion, according to Figures presented

August 7, 2026

News·Nigeria·Security·Top Stories

IGP Disu Deploys New Police Commissioners to States, Strategic Formations

Nigeria’s Inspector-General of Police (IGP), Olatunji Rilwan Disu, has approved the deployment of Commissioners of Police (CPs) to state commands and strategic formations across the country as part of efforts to strengthen operational effectiveness and advance reforms within the nation’s police force.

August 7, 2026

Africa·Finance & Economy·News·Top Stories

Uganda, Tanzania Sign Strategic MoU to Develop Tanga Energy Hub

Uganda and Tanzania have signed a strategic agreement to jointly develop the Port of Tanga into a regional energy hub, marking a significant step in their efforts to deepen energy cooperation, expand petroleum infrastructure and position East Africa as a key player

August 7, 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 31

Dangote’s $16 Billion Kenya Refinery Faces Scrutiny over Undisclosed Government Commitments

World Bank Flags Taxes, Bribery as Constraints on Kenya Businesses

NLC Seeks Review of ₦70,000 Minimum Wage, Sets ₦500,000 Benchmark

Ghana, Jamaica Open New Frontiers for Africa-Caribbean Trade

Police Kill Suspected Gang Kingpin Linked to Murder of Imo Monarch, Five Others

Nigerian Medical Academics Give Government Three Weeks to Avert Strike

Kenya Court Says Presidential Election Was Due in 2026, Suspends Ruling

Emirates Expands South African Airways Alliance to Strengthen African Network

Moroccan Football Prospect Dies in Attempted Sea Crossing to Spain

Oil Firms Remit $6.75bn, ₦1.53tn to NDDC as Senate Probes Extractive Sector Revenues

IGP Disu Deploys New Police Commissioners to States, Strategic Formations

Uganda, Tanzania Sign Strategic MoU to Develop Tanga Energy Hub

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Dangote’s $16 Billion Kenya Refinery Faces Scrutiny over Undisclosed Government Commitments

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