Nigeria, Africa’s leading oil producer, is set for growth, driven by ongoing reforms and a strong emphasis on rehabilitating its state-owned refineries. Nigeria’s refineries are projected to consume a substantial share of its crude oil production in H1 2025 The Dangote Refinery will receive the largest share of crude oil at 550,000 barrels per day…
Low-traffic African cities are shining examples of productivity and a better standard of living. Business Insider Africa presents the top 5 major African cities with the best traffic situation. This list is courtesy of Numbeo. Durban ranks number 1 on the list. Efficient traffic flow has a favorable impact on cities. Time saved by avoiding…
TikTok is facing the possibility of being banned from app stores in the United States by January 19 unless the Supreme Court or President-elect Donald Trump intervenes and delays this decision. TikTok faces possible ban from US app stores by January 19 Multiple countries have already banned TikTok due to data privacy, national security, and…
Africa’s complex security landscape, marked by internal conflicts, terrorism, and insurgency, necessitates a strategic rethink of defense budgets. Business Insider Africa presents the top 10 African countries with the highest defense budget in 2025 The list is courtesy of Global Firepower Countries like Egypt, Algeria, and Morocco have high defense budgets to focus on advanced…
Steve Bannon, the former chief strategist for Donald Trump, has publicly criticised Elon Musk over his influence in U.S. politics, suggesting he should “go back to South Africa.” Steve Bannon has criticized Elon Musk over his influence in U.S. politics Bannon accused Musk of promoting ‘techno-feudalism’ and favoring Silicon Valley founders over American workers Bannon…
Major firms in Nigeria have dumped the nation’s power-generating companies over the constant power outages associated with the national grid. Major firms in Nigeria have abandoned their power distribution companies due to constant power outages The recurring grid collapses are attributed to ageing facilities, lack of maintenance, and vandalization of power facilities Dangote Industries, 249…
Some of Nigeria’s top banks recorded a collective market cap of N7.90 trillion ($4.97 billion). Nigeria’s top banks recorded a collective market cap of N7.90 trillion ($4.97 billion). Zenith Bank topped other banks with a market value of N1.47 trillion and shares valued at N46.85. Guaranty Trust Holding Company PLC recorded a market cap of…
While 2025 is still very early, so far there hasn’t been much positive movement in the fortunes of Africa’s richest billionaires. Positive movement in the fortunes of Africa’s richest billionaires remains scarce. Only four of the 10 richest people on Bloomberg’s billionaire index have a positive year-to-date change. African billionaires on the daily index have…
Egypt, Algeria, and Angola have maintained their rankings, each making additions to their military aircraft fleets. Egypt expanded its fleet by 13 aircraft, Algeria by 3, and Angola by 1. Business Insider Africa presents 10 African countries with the largest military aircraft fleet in 2025. Egypt is the most formidable military air fleet on the…
