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Artificial Intelligence (AI) is becoming the engine behind Africa’s digital economy. From mobile lending platforms to health diagnostics and agricultural analytics, AI is reshaping business models across the continent. But behind the promise of efficiency and growth lies a reality that boards cannot afford to ignore: AI’s risks are often hidden, systemic, and capable of
Former NUC Boss,Okebukola Launches New Method To Boost STEM Education A former Executive Secretary of National Universities Commission (NUC), Professor Emeritus Peter Okebukola, has launched another method for delivering quality Science, Technology, Engineering and Mathematics (STEM) education. The new approach was officially unveiled at the 2025 international conference of the International Research Group (IRG) co-hosted
The Federal Government has conducted an Advanced Workshop on AfCFTA Rules of Origin for key trade-facilitating agencies and the Organized Private Sector of Nigeria to ensure they maximize the benefits of the cross-border trade. The post FG, World Customs Train MAN, NACCIMA on AfCFTA Rules of Origin appeared first on Economi Confidential...
As Prof. Mahmood Yakubu’s second term winds down in October, attention has shifted to who might lead Nigeria’s electoral umpire (INEC) into the 2027 polls. Weekend reporting suggests President Bola Tinubu is keeping his shortlist close, balancing zone, experience, and credibility as required by law. How the appointment works is that the President picks a
The House of Representatives has scheduled 22 September for a national public hearing on proposed changes to Nigeria’s 1999 Constitution. The event, originally planned for 21 July, was postponed following the death of former President Muhammadu Buhari. In a statement issued on Friday, Akin Rotimi, the House spokesperson, urged Nigerians and stakeholders to take part
The management of Dangote Petroleum Refinery has suspended the self-collection of petroleum products by its partners, directing them to use the company’s newly acquired trucks instead. In a notice issued by its Group Commercial Operations Department, the refinery stated that all gantry sales under the self-collection system would be placed on hold, effective September 18
…as Mac Group Pledges $2.5bn Disneyland investment Governor Dapo Abiodun of Ogun State says the State’s economy has increased more than fourfold, which is 78%, jumping from N3.5 trillion to N16 trillion in the last six years. This was just as Ogun State secured an investment pledge in the range of $1.8 billion to $2.5
The Federal Government has launched a 15-year National Livestock Master Plan (NLMP) aimed at transforming Nigeria’s livestock sector into a major driver of food security, rural prosperity and economic growth. The plan, developed in partnership with the International Livestock Research Institute (ILRI), was formally presented to Idi Mukhtar Maiha, Minister of Livestock Development, and Sanusi
…Promoters keep mum on take-off date More than eight months after President Bola Tinubu promised a landmark National Youth Conference, the initiative appears stalled, sparking growing fears over its fate, the possibility of politicisation, and eroding credibility among critical youth stakeholders. In his new year’s day address on January 1, 2025, President Tinubu had pledged
The US Federal Reserve has lowered interest rates by 25 basis points. This move reduces the return on very safe assets in America and can push global investors to look for better yields elsewhere. Nigeria is one of the markets they will study closely. Why the cut matters When US rates fall, the cost of
Shoprite has outlined a new plan to make shopping easier, faster, and more reliable for customers in Nigeria. The company’s local operator, Retail Supermarkets Nigeria Limited (RSNL), says it is not leaving the country. Instead, with backing from new investors, it is rebuilding the business to fit today’s Nigerian economy and to serve shoppers better.
CNBC and Statista named several African companies among the world’s top fintech firms for 2025. These brands are building real tools for payments, savings, and small business growth. They help people move money, pay bills, save for goals, and keep shops running with less friction. In a region where many people have limited access to
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In November, Samuel Frank, an investment associate at Sahara Impact Ventures, an Africa-focused VC firm with a climate and gender lens, sat before a room of students eager to break into Africa’s venture capital industry or improve their understanding of the sector. In a few minutes, he would judge their final presentations and offer pointed
Verve, a payment card scheme operated by Nigerian fintech company Interswitch, is expanding its contactless payment products and introducing tokenisation as it hits 100 million cards issued across Africa, 16 years after it launched. Verve will now deepen its focus on next-generation payment technologies, especially contactless payments, which it believes will enable faster tap-and-go transactions