Russia has finalized plans to establish its first naval base in Africa, solidifying its position alongside global powers like the United States and China. Russia has finalized plans to establish its first naval base in Africa The base is intended to serve as a logistics hub for Russian warships, including nuclear-powered vessels The Red Sea’s…
Like many other countries, Nigeria revels in the celebration of love commemorated on Valentine’s Day. Nigeria celebrates Valentine’s Day with gifts ranging from expensive jewelry to affordable items like flowers and chocolates. High inflation in Nigeria is making it difficult for people to afford presents for Valentine’s Day. Popular Valentine’s Day activities in Nigeria include…
As 2025 enters its second month, rising fuel prices are already weighing hard on some African countries, putting further financial burdens on governments, enterprises, and consumers. Business Insider Africa presents the top 10 African countries with the highest fuel prices in February 2025. This list is courtesy of GlobalPeterolPrices. The Central Africa Republic ranks number…
Nigeria has allocated $200 million in its 2025 budget to address shortfalls resulting from the United States’ suspension of aid, according to a Senate document reviewed by Reuters on Thursday. Nigeria allocates $200 million in 2025 budget to address aid suspension from the United States. Ghana is also scrambling to bridge $156 million funding gap…
Africa’s richest man, Aliko Dangote continues to advocate for Nigeria’s self-sufficiency as he extends his campaign to eliminate oil imports to the sugar business. Aliko Dangote aims to end sugar importation in Nigeria and has allocated $700 million to the cause. The company plans to explore opportunities in the manufacturing sector to replace imports, create…
In the third quarter of 2024, Nigeria spent more money importing goods, similar to how it did exporting products compared to the previous quarter. Business Insider Africa presents the top 5 countries Nigeria spent the most money on in Q3 2024. This list is courtesy of a report by the National Bureau of Statistics. China…
According to projections by the Global Cities Institute, the future belongs to Africa. By 2100, 13 of the world’s largest megacities will be on the continent, while India will claim three. Business Insider Africa presents the top 10 African cities among projected megacities by 2100. The list is courtesy of the World Economic Forum. Lagos,…
The Nigerian government has expressed dissatisfaction with the Canadian embassy’s decision to deny visas to its military officers. Nigeria expresses dissatisfaction with Canada denying visas to its military officers Nigeria’s Chief of Defense Staff, General Christopher Musa and senior army officials were denied visas to attend an event in Canada Canada has introduced new immigration…
Russia’s energy investment into African countries such as Algeria, Congo, and Tanzania, has caught the attention of its contemporaries as Equatorial Guinea hopes to get in the mix. Russia’s energy investment in African countries like Algeria, Congo, and Tanzania has attracted attention. Equatorial Guinea aims to join Russian partnerships in the energy sector. Partnerships involve…
