Economy

Discover the latest stories and insights from economy across Africa

32 Articles

Featured Stories

From a UK Bank to Kano's Farms: How Timi Oke Built AgroEknor on Hibiscus
Featured
October 12, 2026 • 50 views

From a UK Bank to Kano's Farms: How Timi Oke Built AgroEknor on Hibiscus

Most Nigerians know hibiscus as the base of zobo, the deep red drink sold at roadside stalls. Timi Oke saw an export commodity. His company, AgroEknor, ships dried hibiscus flowers grown in northern Nigeria to buyers in Mexico, the United States and Europe. Its story is a useful case study in turning an ordinary crop into a business, and in where the risks sit. The First Order In 2012, while working at a bank in the United Kingdom, Oke joined LinkedIn groups and attended trade fairs on the advice of an import-export trader. He landed his first client, a Mexican importer who wanted five containers of dried hibiscus. He took a career break, registered AgroEknor with his brother and a friend, and financed the first order through crowdfunding and personal funds. His brother travelled to Kano to buy from aggregators who gathered the flowers from smallholder farmers. When payment ...

By Abdulmumin Read More →
FG Announces 30-Day Petrol Discount Through NNPC as Fuel Prices Rise
Featured
October 9, 2026 • 57 views

FG Announces 30-Day Petrol Discount Through NNPC as Fuel Prices Rise

The Federal Government has announced a 30-day petrol discount through the Nigerian National Petroleum Company Limited (NNPC) as part of efforts to reduce the pressure of rising fuel prices on Nigerians. The announcement was made on Thursday, October 8, 2026, by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, during a briefing in Abuja. He explained that NNPC Retail would temporarily give up its retail profit margin and sell petrol at cost, with priority given to public transport operators across the country.

By Azeema Aliu Read More →
Stella Okoli’s $23 Million Plant to Boost Nigeria’s Pharmaceutical Self-Sufficiency
Featured
September 9, 2026 • 157 views

Stella Okoli’s $23 Million Plant to Boost Nigeria’s Pharmaceutical Self-Sufficiency

Emzor Pharmaceutical Industries’ $23 million Active Pharmaceutical Ingredient (API) plant in Sagamu, Ogun State, marks a significant step toward reducing Nigeria’s dependence on imported pharmaceutical ingredients. Initially focused on antimalarial medicines, the facility is expected to expand into APIs for HIV/AIDS treatment and other essential medicines, potentially strengthening local drug production, improving supply-chain resilience, creating specialised manufacturing capacity, and advancing Nigeria’s goal of pharmaceutical self-sufficienc

By Rejoice Read More →

Latest Economy

Sort by:
Adebayo Ogunlesi: The African Power Broker Behind the World’s Biggest Infrastructure
african-giant
• 417 views

Adebayo Ogunlesi: The African Power Broker Behind the World’s Biggest Infrastructure

When conversations turn to Africans shaping the global economy from behind the scenes, Adebayo Ogunlesi stands out as one of the most influential names. Born in Nigeria, Adebayo Ogunlesi is a renowned lawyer, investment banker, and businessman. He is best known as the Founder, Chairman, and CEO of Global Infrastructure Partners (GIP), one of the world’s leading infrastructure investment firms. From Nigeria to the Global Stage

By John Fagbemi Read More →
Nigeria, US Sign $5.1 Billion Health Deal to Boost Disease Control and Healthcare Infrastructure
health
• 860 views

Nigeria, US Sign $5.1 Billion Health Deal to Boost Disease Control and Healthcare Infrastructure

Nigeria and the United States have signed a landmark $5.1 billion health agreement under the America First Global Health Strategy on the 19th of December 2025. The five-year Memorandum of Understanding (MOU) involves a $2.1 billion commitment from the US and $3 billion in new domestic spending from Nigeria. The agreement focuses on strengthening Nigeria's healthcare

By John Fagbemi Read More →
Obi Raises Alarm Over Vote-Buying as Lawmakers Resist Reform
news
• 759 views

Obi Raises Alarm Over Vote-Buying as Lawmakers Resist Reform

Former Nigerian presidential candidate Peter Gregory Obi has criticised members of the National Assembly for failing to criminalise vote-buying during party primaries, warning that the decision could further weaken Nigeria’s democratic process. Mr Obi, a former governor of Anambra State, made the remarks while reacting to recent legislative discussions on proposed electoral reforms. He argued that political parties form the foundation of the country’s electoral system and that malpractice at the primary level often influences outcomes in general elections.

By John Fagbemi Read More →
Pressure Mounts on Ghana President to Lead Africa’s Reparations Campaign
news
• 406 views

Pressure Mounts on Ghana President to Lead Africa’s Reparations Campaign

Ghana’s President John Dramani Mahama has been urged to lead a renewed continental push for reparations over transatlantic slavery and colonial exploitation. The call came from an international delegation of activists, scholars, and diaspora representatives, who believe Ghana is well positioned to champion the agenda at the African Union level. Advocates argue reparations should go beyond financial compensation to include formal apologies, debt relief, and structural reforms addressing the lasting impact of historical injustices.

By John Fagbemi Read More →
Dangote Refinery Takes Crude Oil from Ghana
economy
• 204 views

Dangote Refinery Takes Crude Oil from Ghana

Africa’s largest oil refinery, the Dangote Petroleum Refinery, has received crude oil from Ghana’s Sankofa oil field, signaling a notable shift in West Africa’s energy trade. The move reflects growing regional cooperation as the refinery sources feedstock from both local and foreign suppliers amid Nigeria’s production challenges. Analysts say the development highlights the interconnected nature of the region’s energy market and aligns with AfCFTA goals to boost intra-African trade and energy self-sufficiency.

By John Fagbemi Read More →
Tinubu Propose 2026 Federal Budget to National Assembly
news
• 147 views

Tinubu Propose 2026 Federal Budget to National Assembly

President Bola Ahmed Tinubu has commenced a series of consultations with members of the National Assembly as part of preparations for the presentation of the 2026 federal budget. The engagement is aimed at aligning executive priorities with legislative expectations, strengthening collaboration, and ensuring that the proposed budget reflects national development goals. These discussions are expected to address key policy directions, fiscal priorities, and sectoral allocations ahead of the formal budget submission to lawmakers.

By John Fagbemi Read More →
THE TRILLION-DOLLAR RECKONING: MARK ZUCKERBERG, META, AND THE BILL AFRICA NEVER GOT TO SEND
news
• 117 views

THE TRILLION-DOLLAR RECKONING: MARK ZUCKERBERG, META, AND THE BILL AFRICA NEVER GOT TO SEND

Meta faces a $1.4 trillion trial over allegations Facebook/Instagram were designed to addict children, following Cambridge Analytica, Myanmar, and Haugen's disclosures. While Australia, Britain, France, and Brazil have restricted youth access, no African government has acted despite Nigeria and Kenya leading global social media usage and Kenyan moderators suffering severe harm for minimal pay.

By Abdulmumin Read More →
WHY BUA'S $85 MILLION PORT HARCOURT EXPANSION MATTERS MORE THAN THE PRICE TAG SUGGESTS
economy
• 152 views

WHY BUA'S $85 MILLION PORT HARCOURT EXPANSION MATTERS MORE THAN THE PRICE TAG SUGGESTS

BUA Group is investing about $85 million to expand its Ports and Terminals facility in Port Harcourt, adding roughly 600 metres of new quay frontage and positioning the terminal to handle more than 2 million tonnes of imported raw materials a year. Chairman Abdul Samad Rabiu disclosed the figures during a visit to the Nigerian Ports Authority's Lagos headquarters in late July, where NPA managing director Dr Abubakar Dantsoho projected the expansion would drive 13 to 14 percent growth in cargo throughput once complete. On paper, that reads like a routine corporate infrastructure update. It isn't. To understand why, you have to understand what Nigeria's ports currently cost the country just to operate.

By Azeema Aliu Read More →

Trending in Economy

1

Nigeria, US Sign $5.1 Billion Health Deal to Boost Disease Control and Healthcare Infrastructure

860 views • December 23, 2025
2

Obi Raises Alarm Over Vote-Buying as Lawmakers Resist Reform

759 views • December 23, 2025
3

Nigeria is Now Airtel’s Most Valuable Growth Engine

570 views • May 12, 2026
4

The Moniepoint Saga and the Talent Paradox: What Nigerians Are Failing to See

479 views • May 11, 2026
5

Nigeria Is Not A Disgraced Country But A Nation That Lack Strong Structure: John Fagbemi

468 views • February 13, 2026