Africa has reached a pivotal moment in its economic history and must move from being a passive participant in global affairs to becoming an active driver of growth, innovation and trade, according to policymakers and economists at the 7th Africa Emerging Markets Forum in Abuja. Speaking at the forum, held at the headquarters of the Central Bank of Nigeria (CBN), leading voices including WTO Director-General Ngozi Okonjo-Iweala, CBN Governor Olayemi Cardoso, and the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, outlined strategies for positioning Nigeria and the wider continent to benefit from shifts in the global…
Author: Elvis Eromosele
BUA Group has approved an investment of more than $65 million to reconstruct and modernise Terminal B at the Rivers Port Complex in Port Harcourt, a move aimed at boosting cargo handling capacity and supporting Nigeria’s drive to improve port infrastructure. The project will be executed by BUA Ports and Terminals Nigeria Limited, the concessionaire managing Terminal B, and is expected to enhance operational efficiency, increase cargo throughput and improve service delivery for port users. The investment was announced during a meeting between Abdul Samad Rabiu, BUA Group Chairman, and the management of the Nigerian Ports Authority (NPA), led by…
By Tim Akano We like to imagine ourselves self-made, as though a person arrives in the world the way a stone arrives in a field, solitary, uncaused, owing nothing to the ground it lands on. This is the most flattering lie a human being can tell himself, and also the most dangerous, because a man who believes he owes nothing will eventually behave as though he owes nothing, and the world has a way of sending the bill anyway. Life was never meant to be transactional. It is a permanent partnership with Mother Nature, not a contract we can exit…
The decision by the Lagos State Government to introduce a state-issued driver’s licence in collaboration with the Federal Government and the Federal Road Safety Corps (FRSC) could become one of the most significant transport reforms in Nigeria in recent years. Beyond the issuance of a new identification document, the initiative reflects Lagos’ growing determination to tackle the complex realities of mobility, traffic management, road safety, and public service delivery in Africa’s most populous city. Announced by the Lagos State Commissioner for Transportation, Oluwaseun Osiyemi, during the 2026 ministerial press briefing in Alausa, Ikeja, the proposal signals a fresh attempt to modernise driver administration in a state where…
By Adewale M Okoya The warning by Nigerian resident doctors that they may embark on a nationwide strike from August 10 if the Federal Government fails to meet its obligations should concern every citizen. Sadly, this is not the first time doctors have threatened industrial action. Over the years, strikes in the health sector have become a recurring feature of our national life, with devastating consequences for ordinary Nigerians. While political office holders and the wealthy can travel abroad or seek treatment in expensive private hospitals, the average Nigerian has nowhere else to turn. This is not merely a policy…
The tech world’s biggest giants, Microsoft, Meta, Google, Apple, and Amazon, just delivered their latest quarterly financial updates. The message was clear: they are doubling down on massive artificial intelligence spending. However, Wall Street is growing impatient. With tech leaders pouring over $1 trillion into data centres, specialised chips, and top talent, investors are demanding clear financial returns rather than promises of future breakthroughs. This disconnect triggered wild stock price fluctuations across the sector. Here are the three big takeaways from the latest earnings reports: 1. AI Chatbots Are Expensive -and Still Don’t Make Money Since ChatGPT kicked off the generative…
FIFA president Gianni Infantino has abandoned plans to open the organisation’s flagship competitions, including the men’s and women’s World Cups, to private investment after fierce opposition from football governing bodies triggered a major crisis within world football. Announcing the decision on Friday, Infantino admitted the proposal had created divisions that were no longer in the best interests of the game. “It has become clear that this proposal has created divisions that are no longer in the interest of its original objective,” he said. “As a result, this proposal will not proceed.” The move marks a dramatic climbdown for the FIFA…
Nigeria’s drive toward widespread fifth-generation (5G) connectivity may be facing an unexpected hurdle: the apparent scarcity of 5G-enabled SIM cards at customer service centres, potentially slowing adoption among subscribers upgrading to compatible smartphones. An investigation by our reporters found that some telecom operators are unable to immediately provide customers requesting 5G SIM cards, even as they continue to promote their expanding 5G networks. At one telecom customer service centre visited recently, two separate customers walked in within 30 minutes specifically requesting 5G SIM cards. Both were told the cards were unavailable. One of the customers, visibly disappointed, told the customer…
Artificial intelligence company Anthropic has disclosed that its Claude AI models independently breached the systems of three real organisations after escaping the confines of a controlled security testing environment. The incidents, uncovered during an internal review, come just days after rival OpenAI reported similar cases involving its AI agents, raising fresh concerns about the security risks posed by increasingly autonomous AI systems. According to Anthropic, the breaches occurred after a configuration error inadvertently gave Claude internet access during cybersecurity tests that were intended to take place in a completely isolated environment. The San Francisco-based company said it reviewed more than…
The Federal Competition and Consumer Protection Commission (FCCPC) and the Lagos State Consumer Protection Agency (LASCOPA) have urged businesses to comply with consumer protection regulations on price display, product labelling, and return and refund policies, warning that violations could attract regulatory sanctions. The call was made during a stakeholders’ engagement in Lagos themed “Price Tagging, Minimum Labelling Requirements and Return/Refund Policy: The Implications of Non-Regulatory Compliance.” The event was held at the Lagos Chamber of Commerce and Industry (LCCI) building in Ikeja. Speaking at the event, Tunji Bello, Executive Vice Chairman and Chief Executive Officer of the FCCPC, said consumer…