NEWS

Tanzania government officials ordered to ditch luxury convoys for the bus as fuel crisis bites

PerformanceBy Editor9th April 2026Leave a comment

As the conflict in the Middle East precipitates a global energy crisis, several countries have implemented fuel-conservation strategies. Notably, President Samia Suluhu Hassan of Tanzania has introduced commute restrictions for government officials to mitigate energy consumption. Tanzanian President Samia Suluhu Hassan ordered government officials to commute together by bus to conserve fuel amid the global…

Details

Nigeria’s fuel vulnerability continues to be exposed as Dangote flips petrol price in 24 hours

PerformanceBy Editor9th April 2026Leave a comment

The Dangote Petroleum Refinery has lowered the ex-gantry price of Premium Motor Spirit (petrol) in Nigeria to N1,200 per litre ($0.87), reversing its recent decision to increase the fuel price, according to an anonymous source at the facility. Dangote Petroleum Refinery reduced its ex-gantry petrol price in Nigeria to N1,200 per litre, reversing a recent…

Details

Cybercrime hits record $20 billion as Africa’s biggest economies make global ranking

PerformanceBy Editor8th April 2026Leave a comment

Global cybercrime losses surged to a record $20.8 billion in 2025, with more than 1 million complaints filed, as Nigeria and South Africa ranked among countries flagged in the latest report by the FBI’s Internet Crime Complaint Center Cybercrime losses reached a record $20.8 billion in 2025, marking a 26% increase from the previous year.…

Details

Africa’s fintech powerhouse Flutterwave eyes aggressive loan growth to rival leading banks

PerformanceBy Editor8th April 2026Leave a comment

Africa’s fintech powerhouse Flutterwave is preparing for a significant expansion into lending after securing a national microfinance banking licence from the Central Bank of Nigeria, marking a major shift in its business model and positioning within the continent’s financial ecosystem. Flutterwave has secured a microfinance banking licence, enabling it to offer deposits, accounts, and direct…

Details

Ghana says it loses $2.5 billion in trade each year, and highlights the reason behind it

PerformanceBy Editor8th April 2026Leave a comment

Ghana’s Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, recently disclosed that the West African country is losing $2.5 billon in export value annually. Ghana loses $2.5 billion annually due to exporting mostly raw agricultural produce without value addition. A new national agricultural policy framework has been finalized to improve value addition and is set…

Details

Nigeria turns to its billionaires as it moves to pay $2.3 billion owed to power firms to fix Africa’s largest power crisis

PerformanceBy Editor7th April 2026Leave a comment

Nigeria has enlisted billionaire-backed power firms in a 3.3 trillion naira ($2.3 billion) debt settlement programme aimed at stabilising Africa’s largest electricity market and unlocking stalled generation capacity in the country’s struggling power sector. Nigeria has launched a $2.1 billion debt settlement programme to stabilise its power sector and unlock stalled generation capacity. The initiative…

Details