Nigeria’s states have never been richer on paper. Between 2023 and 2025, subnational governments shared over N9 trillion in FAAC allocations, buoyed by the removal of the fuel subsidy, FX reforms, and higher nominal revenues. ...

Across Nigeria and much of Africa, millions of small businesses start their day the same way: by opening a messaging app. Customers reach out through chats, prices are discussed, jobs are agreed, and payments are confirmed—often before midday. For these b...

Nigeria’s banking industry closed the first nine months of 2025 in solid shape — but not without bruises. The numbers tell a story of resilience under pressure. Gross income rose to ₦21.21 trillion, up nearly 16 percent year-on-year, while operating incom...

At Covenant Place in Lagos, beside the iconic National Theatre, the mood was neither anxious nor celebratory—it was purposeful. The 2026 Nigerian Economic Outlook was convened at a moment when Nigerians are weary of clichés about “headwinds” and “potentia...

The profitability of banks in Nigeria and Egypt is expected to decline as interest rates fall and inflation stabilises, while lenders in Morocco and South Africa are likely to maintain resilient earnings, according to S&P Global’s latest African Banking O...

In the grand theatre of African economics, Nigeria and South Africa occupy the leading roles. Each, in its own way, asserts a claim to continental leadership....

Gold’s surge back above $5,000 an ounce this week feels dramatic, but the real drama lies in what happened just days earlier. ...

The world is already living beyond its safe limits, and the consequences are no longer abstract. Global temperatures have risen by about 1.1°C above pre-industrial levels, a shift that may appear modest but is already displacing people from their land, li...