In the third quarter of 2024, Nigeria spent more money exporting goods than importing, much like in the previous quarter. Business Insider Africa presents the top 5 products Nigeria spent the most money on, in Q3 2024. This list is courtesy of a report by the National Bureau of Statistics. Motor spirit ordinary ranks number…
The Minister of Youth Development and Empowerment, George Opare Addo, has assured the public that the betting tax will be abolished when the 2025 budget is presented. Minister of Youth Development assures abolition of betting tax in 2025 budget NDC government committed to fulfilling campaign promises and easing financial burden on bettors Efforts underway by…
Even politics and governance are not untouched by the power of prayer. In times of crisis, African leaders have called for national days of prayer, inviting their people to seek divine wisdom before making decisions that shape their nations. Business Insider Africa presents the top 5 African countries that pray the most. The list is…
Diesel prices in several African countries have been subject to both domestic and foreign market forces, resulting in price changes throughout the past month. Business Insider Africa presents the top 10 African countries with the lowest diesel prices in February 2025. This list is courtesy of data from GlobalPetrolPrices. Libya ranks number on the list.…
Dangote Refinery has announced the commencement of enhanced diesel production, meeting the Euro 5 standard. Dangote Refinery has started producing enhanced diesel meeting Euro 5 standards The Euro 5 standard sets strict limits on emissions for both gasoline and diesel engines, making it more environmentally friendly The refinery is expected to reach full operational capacity…
Nigeria’s headline inflation dropped to 24.48 per cent for January, according to the National Bureau of Statistics (NBS). Nigeria’s headline inflation dropped to 24.48% in January after the rebasing of the Consumer Price Index. The previous inflation rate for December was 34.80%, attributed to higher demand during the festive season. Inflation has risen due to…
The business world is dominated by those willing to take risks, and the Nigerian billionaire Aliko Dangote seems very familiar with this concept, as the Dangote refinery has had to contend with what he refers to as the “oil mafia”. Aliko Dangote considers building and running the Dangote refinery as the biggest risk of his…
An economist Professor Godfred Bokpin has cautioned that the economy of Ghana has deteriorated further since the country joined the International Monetary Fund (IMF) programme. He warned that President Nana Akufo-Addo’s plan to exit the programme in 2026 could destabilise the economy if done prematurely. Professor Godfred Bokpin warns that Ghana’s economy has worsened since…
Some African leaders have voiced concern that Russia may be deploying ex-convicts as mercenary forces to Africa, a move that could lead to an increase in violent crime rates across the continent. The concern stems from reports that many of the Russian mercenary forces currently being deployed to Africa were ex-convicts initially recruited to fight…
