Nigeria’s car export industry remains underdeveloped, with the country relying heavily on imports to meet its automotive demands. Nigeria relies heavily on car imports to meet automotive demands In 2024, Nigeria saw a decline in passenger car imports due to inflation and naira depreciation Inflation, forex scarcity, and weakened purchasing power led to a surge…
The United States is in preliminary discussions with the Democratic Republic of Congo (DRC) regarding a potential minerals-for-security agreement. Preliminary discussions between the U.S. and DRC involve a potential minerals-for-security agreement The deal would grant U.S. companies access to DRC’s critical minerals in exchange for military assistance DRC aims to leverage its mineral wealth for…
The Nigerian National Petroleum Company (NNPC) Limited has confirmed ongoing negotiations for a new naira-for-crude deal with Dangote Petroleum Refinery. NNPC is negotiating a new naira-for-crude deal with Dangote Petroleum Refinery. The initial agreement with Dangote Refinery was a six-month contract set to expire in March 2025. NNPC has supplied over 48 million barrels of…
Nigeria’s Economic and Financial Crimes Commission (EFCC) has announced a major anti-corruption milestone, recovering nearly $500 million in misappropriated funds last year. Nigeria’s EFCC recovered nearly $500 million in misappropriated funds last year. EFCC secured over 4,000 criminal convictions, the highest record since its establishment. Nigeria still ranks 140 out of 180 on Transparency International’s…
The United States remains one of the most diverse countries globally, with millions of immigrants from various parts of the world shaping its economy, culture, and workforce. The United States has a diverse immigrant population from various parts of the world shaping its economy, culture, and workforce Mexico leads the list of the top 10…
Ghana’s export sector experienced remarkable growth in 2024, recording a total export value of GH₵294.9 billion. Ghana’s export sector recorded a trade surplus of GH₵44.7 billion in 2024 Gold bullion was the leading export item, generating GH₵162.99 billion Gold, petroleum, and cocoa collectively accounted for 78.2% of Ghana’s total export revenue This far exceeded the…
Carbonated soft drinks have become a staple in modern diets, but some countries consume them at significantly higher rates than others. Global consumption of carbonated beverages remains strong, with two-thirds of consumers drinking them at least weekly Top 10 nations where people drink the most soft drinks per year led by the United States Factors…
As per the latest Nigerian Gross Domestic Product (GDP) report by the country’s National Bureau of Statistics, Nigeria experienced a 3.84% (year-on-year) growth in real terms in the fourth quarter of 2024. Business Insider Africa presents the top 10 sectors that contributed to Nigeria’s latest GDP growth. This list is courtesy of the National Bureau…
The United Nations Educational, Scientific and Cultural Organization (UNESCO) has launched a $8 million project to improve groundwater management in Tanzania and Kenya. UNESCO launches $8 million project to improve groundwater management in Tanzania and Kenya Focus on preserving 400 acres of Mount Kilimanjaro’s forest, a vital water source for over two million people Initiative…
