Business

Nigeria Ranked 74th Best Country in the World for 2019

US News has published its latest Best Countries ranking for 2019, where Nigeria has climbed two places. The report covers 80 countries and ranks them on how global perceptions define them in terms of a number of qualitative characteristics, as...

Nigeria Overtaken by Ghana as West Africa’s Largest ‘Foreign Direct Investment’ Recipient in 2018

A new report by the United Nations Conference on Trade and Development (UNCTAD) has shown that Ghana and not Nigeria was ‘West Africa’s largest recipient of foreign direct investment in 2018’,. The report tagged ‘UNCTAD Global Investment Trends Monitor’, which...

Nigeria Leads Others In Increasing Number Of Millionaire Populations

Economic powerhouses like the United States, China and Japan may be home to the highest proportion of the world’s wealthy, but when it comes to minting new millionaires, opportunities abound more in Nigeria. That’s according to a new report from...

97 Nigerian Companies Ranked Among Continents Most Inspiring Companies

Ninety seven local private companies in Nigeria have been featured among the top private firms by London Stock Exchange Group in its latest ‘Companies to Inspire Africa’ report, which was released on Wednesday. The report, which identifies 360 companies from...

Billionaires in Africa: These are the Youngest Billionaires in Africa (Forbes, 2019)

According to Forbes' 2019 World Billionaires rankings, Tanzania's Mohammed Dewji is the Youngest Billionaire in Africa. The youngest billionaire in Africa comes in at just 43 years old, with the eighth youngest being 58 years old. "Africa's youngest billionaire title is...

Growth Forecast: Top 10 Fastest Growing Economies in Africa, 2019

According to the Brookings Institution, a nonprofit organization devoted to independent research and policy solutions. About half of the world’s fastest-growing economies in 2019 will be located in Africa. According to the Brookings Institution, a nonprofit organization devoted to independent...

Zimbabwe Plans New Currency As Dollar Shortage Worsens Economy

Zimbabwe will introduce a new currency in the next 12 months, the finance minister said, as a shortage of U.S. dollars has plunged the financial system into disarray and forced businesses to close. In the past two months, the southern...

Forbes: These Are the Richest People In Nigeria, 2019

The people you are about to read about are the Richest People in Nigeria according to Forbes. According to this year's Forbes Richest Billionaires Ranking, Aliko Dangote is Nigeria's richest man. His networth is estimated at $10.3 billion. $2 billion...

For Every Skilled Professional Coming to South Africa, 8 Are Leaving

For years, poor governance and policy changes in South Africa have pushed skilled professionals into seeking greener pastures overseas. While this has mostly been associated with white South Africans, more recent findings show that black professionals are now more...

Ghana Leads Africa’s Top Economies in MSMEs’ Contribution to GDP

Despite efforts by the Nigerian government to promote small and medium-sized (MSMEs) enterprises, Ghana is leading the rest of Africa in the contribution of these organisations to total output of goods and services, figures show. An analysis of the contributions...

Latest News

Misery Index: South Africa Has The Third Most ‘Miserable Economy’ In The World

South Africa has been ranked as the world's most miserable economy after Venezuela and Argentina. Bloomberg's Misery Index, which ranks...

Fighting Slavery With Suicide: The Fascinating Story of Africa’s Kru People

The Kru or Kroo are a West African ethnic group who are indigenous to eastern Liberia. During the Slave trade era, they were also infamous amongst early European slave raiders as being especially averse to capture

The Mbuti People Of Congo And Their Sister Exchange Form Of Marriage

In the Mbuti tribe, marriage is by sister exchange: Based on reciprocal exchange, men from other bands exchange sisters or other females in his...

Slavery Abolition Act 1833: Slavery Was Abolished Throughout The British Empire On This Day

The Slavery Abolition Act of 1833 that abolished slavery in most British colonies, freeing more than 800,000 enslaved Africans in the Caribbean and South Africa and making the purchase or ownership of slaves illegal

According To Reputation Poll International (PI), These Are The 100 Most Reputable Africans In 2020

Reputation Poll International, a leading global reputation-management firm, has released the 2020 list of 100 Most Reputable Africans. The list features 47 women and 53...