Assessing Nigeria’s fuel subsidy debate
22 April 2019 | 3:20 pm
The International Monetary Fund has advised Nigeria to remove its subsidies on the premium motor spirit. In response, the Nigerian government says it has no plans to do such. Bismarck Rewane, CEO of Financial Derivatives joins CNBC Africa to weigh the pros and cons of Nigeria’s fuel subsidy.
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31 Oct 2020
Forbes Africa goes behind the scenes for our October edition celebrating 60 years of Nigerian Independence. Our October issue profiles NIGERIA’S NEW TYCOONS, those remarkable entrepreneurs leveraging technology to help Africa leapfrog years of economic stagnation and missed opportunities to build a new rising Africa. This month we celebrate three such tycoons, Fara Ashiru Jituboh, Iyin Aboyeji and Obi Ozor.
13 Nov 2020
“How can you do the right thing and still get punished for it,” laments Abuja-based restaurateur, as CORRUPT Federal Capital Territory Council personnel seal off her restaurant with staff and customers inside!
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Swiss voters have narrowly rejected stricter ethical rules for many global firms based in the Alpine republic. A separate poll calling on banks and pension funds to stop funding arms makers was also defeated.
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Political newcomers have it tough in a country where long-established families dominate the polls. The top presidential candidates in the December 7 election are all offspring of Ghana's independence-era "Big Six."
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African free trade bloc opens for business, but challenges remain. ... Backers say it will boost trade among African neighbours while allowing the continent to develop its own value chains. The World Bank estimates it could lift tens of millions out of poverty by 2035.
13 Jan 2021
With Qataris streaming into Saudi Arabia following the border re-opening, business owners in the al-Ahsa area say they are hopeful to see the economy boom again after "suffering economically" from the feud between Riyadh and Doha. Saudi Arabia shut its side of Qatar's only land border in June 2017 as part of a package of sanctions it said was a response to Doha's backing of radical Islamist groups and closeness to Iran. Qatar has always denied the charges.
12 Feb 2021
Disney's shares have rallied after the company reported better than expected results for its latest quarter. Sales came in at €16.2 billion, down 22 percent from the previous year, amid a continuing hit from the pandemic. But its streaming business Disney+ is continuing to grow as people stay home for longer, offsetting losses made at its theme parks that have suffered months of shutdown. Plus, as dining out is not an option for many couples this Valentine's Day, a handful of hotels in Brussels are offering quality time and fancy dinners for two – in guest rooms.
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Newly appointed World Trade Organization (WTO) director-general Ngozi Okonjo-Iweala said on Monday she doesn't want to see "business as usual" as she will need to broker international trade talks in the face of U.S.-China conflict, respond to pressure to reform trade rules and counter protectionism heightened by the COVID-19 pandemic
20 Feb 2021
This young Kenyan entrepreneur isn't sitting on a fortune. But that hasn't stopped her from starting her own business. Nowadays, she is successfully selling Hijabs.
5 Apr 2021
Wigs made from human hair have become more popular in Cameroon in recent years. Stores are fully stocked with wigs in all different colors and styles. Suppliers import the hair mainly from India, Europe, and Middle East.
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Offering a shared pot of €3.5 billion to start with, the newly-proposed football competition known as the European Super League would divvy up revenue among a smaller group of elite clubs. We tell you more. Also, we take a look at the French government's plan to aid farmers reeling from this month's cold spell.
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Here are a few reasons to pick up a copy of The Guardian on Tuesday. Find these stories and much more when you grab a copy of The Guardian on Tuesday.
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On day two of the Cannes Film Festival, FRANCE 24's Olivia Salazar-Winspear tells us why the première of "Top Gun: Maverick" has movie fans jostling to catch a glimpse of US actor Tom Cruise on the red carpet. We also take a look at the first films competing for the Palme d'Or, as Kirill Serebrennikov returns to Cannes to present "Tchaikovsky's Wife". The Russian director was unable to attend the screenings of his last two films, "Petrov's Flu" and "Leto", due to living under virtual house arrest in Moscow in recent years.