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Nigeria and the United Arab Emirates have signed a Bilateral Air Service Agreement riding on negotiations in 2024 aimed at ensuring reciprocal rights for both countries and foster deeper aviation collaboration. 

Nigeria-UAE advance aviation relations

As Nigeria's parliament passes the 54.9 trillion-naira budget for 2025 fiscal year, the government says the additional spend will fund critical infrastructure projects. 

2025 budget: Nigeria plans spending on critical infrastructure projects

Early-stage, Pan-African VC firm, P1 Ventures has completed the final close of its first 50-million-dollar institutional fund as it moves to validate its Made in Africa thesis. 

P1 Ventures closes $50mn institutional fund 

The Africa Growth and Opportunity Act is set to expire in September this year and there are concerns if the US will renew the trade pact. 

Trump's return raises concerns for the future of AGOA 

The President of the African Export-Import Bank, Benedict Oramah says Nigeria has attracted a cumulative disbursement of about $52 billion from the bank making the country the largest recipient of Afreximbank’s trade and Development Finance. 

Nigeria to host 2025 Afreximbank Annual General Meetings

Rand Merchant Bank in its latest report expects Egypt, Ghana, Kenya, Mozambique, Uganda and Zambia to grow above 4 per cent this year. 

RMB: Ghana, Egypt, Mozambique, Uganda and Zambia to grow above 4% in 2025

Data from Carry1st and Newzoo shows that Africa’s gaming market is growing six times faster than the global average - with an estimated 32 million new gamers in Africa in 2024 with the vast majority on mobile.

Carry1st: Africa’s gaming market hit $1.8bn in 2024

Ghana and authorities at the International Monetary Fund are currently in talks with tax cuts, revenue administration reforms, energy sector debt management, expenditure controls and exchange rate stabilization among issues dominating the government’

State of economy: Is Ghana out of the woods yet?

The Lagos Free Zone says it plans to utilise the $50 million equity investment from the International Finance Corporation in its expansion drive as it looks to build sustainable and sophisticated infrastructure. 

LFZ plans expansion with IFC's $50mn equity investment

Integrated energy company Aradel Holdings has reported a 361 per cent rise in its Profit After Tax to 247.8 billion naira in 2024. 

Aradel Holdings FY PAT up 361% 

Data by the Nigerian Upstream Petroleum Regulatory Commission shows that the cost of producing crude oil in the country has risen to about 40 dollars per barrel. 

Addressing Nigeria's rising crude production cost

The cost of importing goods into Nigeria is set to rise as the Nigeria Customs Service implements a new four percent charge on the Free On-Board Value of imports. 

Video: CBWA