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Nigeria plans to publish indicators tracking poverty, incomes and inequality as President Bola Tinubu's government seeks proof that reforms since 2023, including scrapping the fuel subsidy and liberalising the naira, are easing living costs, finance minister Taiwo Oyedele said on July 16, 2026. The International Monetary Fund noted in June that 63% of Nigeria's 200-million population remains in poverty despite improved investor confidence.
Trade momentum and infrastructure growth continueTrade between Nigeria, South Africa, Kenya, Tanzania and the West African bloc keeps growing despite persistent liquidity constraints and fragmented cross-border payment systems, according to fintech firm Verto. Separately, Nigeria's Kainji hydropower plant added 80 MW in 2025, lifting capacity to 600 MW, part of a continent-wide 4.2 GW hydropower expansion, while Orange and partners signed a memorandum of understanding for the Via Africa submarine cable system, which will include a Nigerian landing point.
Diplomatic tension over deaths of Nigerians in South AfricaNigeria maintains two of its citizens were killed amid anti-migrant violence in South Africa, one allegedly by police in Pretoria, and has warned of possible action. South Africa's police watchdog is investigating, while the South African Police Service disputes the allegations.
Nigeria Updates
The project aims to develop a new high-capacity submarine cable system to strengthen connectivity between Europe and Africa.
Six months into 2026, African trade appears to be telling two stories at once. The first is one of momentum. Businesses are expanding beyond domestic markets, regional trade corridors continue to...
Africa Finance Corporation and the Nigerian government, through the Solid Minerals Development Fund plan to build an alumina refinery with a one-million-tonne-a-year capacity.
Nigeria's Dangote Group plans to finance a proposed 700 000 bbl/d oil refinery in Kenya through internal cash flow, bonds and an initial public offering, a senior company executive told Reuters....
The South African Police Service (SAPS) has strongly refuted claims surrounding the death of a Nigerian national in Sunnyside, Pretoria, labelling the reports as misleading and baseless. This...
WeLight, which operates more solar mini-grids in Africa than any other company, is planning a $650-million expansion to grow the number of people it serves 10-fold as its expands into countries...
Nigeria said two of its citizens were killed in South Africa, one of them by police, during a surge in anti-migrant violence, and threatened to take unspecified action if authorities did not...
As telecommunications firm MTN Group Fintech evolves its mobile money (MoMo) ecosystem, it has entered into a strategic partnership with global digital payment, digitisation and financial...
Nigeria has joined global organisation the International Energy Agency (IEA), which deepens the IEA's cooperation with Africa’s most populous nation and marks a milestone for global energy...
Africa is not short of opportunity, however it is short of reliability. Across mining operations, agricultural holdings, construction sites, manufacturing plants, forestry concessions and more, one...
As infrastructure projects across Africa continue to grow in scale, complexity and regional significance, the ability to successfully deliver across borders is becoming a critical differentiator...
By: Nigel Sun - President of Sungrow Sub-Saharan Africa The African Energy Forum runs over four days. On the fourth day, at the same venue, the forum hosts YES, the Youth Energy Summit, its sister...
Payments processing multinational Mastercard has launched its Africa Cybersecurity Centre of Excellence – a pan-African initiative designed to strengthen cyber-resilience, enhance collaboration and...
The South African government is accelerating its five-point migration strategy, marking significant milestones in the deportation, verification, and repatriation of undocumented foreign nationals...
One of the many pertinent questions a panel interviewer asked me at the recent Cambridge Africa Business Conference was what has changed, and what do global investors consistently get wrong, about...
There was a time when a university degree came with an almost implicit guarantee: a desk, a payslip, and a place in the middle class. African parents sold cattle and made extraordinary sacrifices...
UK impact investor and development finance institution (DFI), British International Investment (BII), invested £1.07-billion in Africa last year. The figure represents 59% of BII’s total...
South Africa will deploy more police this week to deter possible violence before a June 30 deadline set by xenophobic protest groups for foreigners to leave the country. “There has been...
Public works and infrastructure minister Dean Macpherson called on law enforcement agencies to act against those responsible for violence against migrants, warning that the attacks are tarnishing...
Ghana is considering transferring control of Gold Fields’s Tarkwa mine to local firms when its leases expire next April, part of a push to increase control of its gold industry and capture more of...
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