Monday, April 20Inside Business Africa
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Finally, 2025 Edo Carnival Winners Receive Prizes As Organisers Address Delay Controversy

Finally, 2025 Edo Carnival Winners Receive Prizes As Organisers Address Delay Controversy

Entertainment, News, World
Winners of the Edo Carnival band competition 2025 have received their various prizes, as the organisers of the event moved to clear the air over the controversy surrounding delayed rewards that trailed the event. The prizes were presented at a ceremony held on April 18, 2026, in Benin City, Edo State, bringing an end to weeks of complaints from some participants who had taken to social media to express concerns over delays in prize presentation—concerns that sparked speculation and raised questions about the credibility of the carnival and its backers. However, the narrative shifted at the presentation ceremony, where beneficiaries gathered to receive their long-awaited rewards in an atmosphere marked by relief, excitement, and renewed confidence. Addressing attendees, the co-conv...
Cyberattacks: Experts Say Nigeria’s Digital Economy At Risk

Cyberattacks: Experts Say Nigeria’s Digital Economy At Risk

Business, Economy, News, Technology, Technology & Innovation, What's Hot, World
Data protection has become a critical economic and security imperative for Nigeria as the country grapples with a surge in sophisticated cyberattacks targeting its financial systems and public institutions, a United Kingdom-based lawyer and data protection expert, Temidayo Akindele, has warned. The concerns come amid growing warnings by cybersecurity experts that Nigeria is witnessing a dangerous shift from opportunistic cybercrime to highly coordinated, intelligence-driven attacks. The experts decried the recent hacking of some of Nigeria’s financial institutions and the ease with which criminals have breached the data security of these fintech institutions, especially the Corporate Affairs Commission (CAC), Sterling Bank, and Remita, and carted away important and sensitive data and...
Rice farmers lament as increased imports cripple sector

Rice farmers lament as increased imports cripple sector

Africa, Agriculture, Business, Economy, Energy, Logistics, Maritime, News, What's Hot, World
Some local farmers have decried the increased importation of rice, a situation they claim is crippling Nigeria’s local production. The farmers disclosed this in separate interviews with the News Agency of Nigeria on Sunday in Lagos. NAN reports that local rice production has declined since the Federal Government’s import duty waiver on rice and other essential commodities in 2024. The Acting Chairman of the All Farmers Association of Nigeria and a rice farmer, Mr Sakin Agbayewa, said local farmers had been suffering since the increase in rice importation. “With the renewal of the import waiver on rice and other essential commodities, there have been tonnes of shipments of rice coming into the country. “The increase in the importation of rice is crippling local cultivation of...
Lagos Free Zone, CEVA seal logistics joint venture

Lagos Free Zone, CEVA seal logistics joint venture

Business, Capital Market, Economy, Energy, Finance, Growth & Insight, Innovation, Logistics, Maritime, News, Travel, World
In line with their shared vision to drive growth and innovation in West Africa, Lagos Free Zone and CEVA Logistics have announced the signing of a Joint Venture agreement. This partnership marks a significant milestone in advancing integrated logistics solutions in Nigeria and the broader West Africa region. The agreement, which has been approved by the Federal Competition and Consumer Protection Commission of Nigeria, was formally signed recently. CEVA Logistics will hold a majority stake in the newly established joint venture, according to a statement from the partners on Sunday. This collaboration brings together CEVA Logistics’ extensive global network and expertise with Lagos Free Zone’s strategic location and infrastructure. The JV establishes the first global logistics leader-...
Nigeria exports 55.39m barrels as Dangote battles crude shortage

Nigeria exports 55.39m barrels as Dangote battles crude shortage

Africa, Business, Economy, Energy, Finance, Maritime, News, Oil & Gas, What's Hot, World
 Nigeria exported 55.39 million barrels of crude oil in the first two months of 2026, even as the Dangote Petroleum Refinery continues to struggle with inadequate domestic feedstock supply. According to the latest data from the Central Bank of Nigeria, the country shipped out 31.31 million barrels in January and 24.08 million barrels in February. In January, crude production averaged 1.46 million barrels per day with exports at 1.01 mbpd. In February, production fell to 1.31 mbpd while exports averaged 0.86 mbpd. Total crude production for the two months stood at 81.94 million barrels, meaning that 26.55 million barrels were left behind for local refineries in the first two months of 2026. The strong export figures come at a time when the 650,000-barrel-per-day Dangote refinery is...
Petrol price drop in doubt after Hormuz disruption

Petrol price drop in doubt after Hormuz disruption

Business, Economy, Energy, Maritime, News, Oil & Gas, Politics, Power, What's Hot, World
The decision by Iran to reclose the Strait of Hormuz has dampened hopes that fuel prices would crash in Nigeria. The Strait of Hormuz was opened on Friday following a ceasefire deal between Iran and the United States. But barely 24 hours later, Iran reclosed the strait, calling the decision a response to a continued blockade of its ports by the United States. The Iranian military on Saturday said control of the strategic waterway, through which 20 per cent of globally traded oil transits, had “returned to its previous state”, with reports saying Iranian gunboats fired at a merchant vessel as it attempted to cross. Fuel marketers had earlier projected that petrol prices could drop from the current N1,250 to about N900 when the strait was opened on Friday. The spokesman of the Pe...
Dangote, Pope Leo XIV, Trump, Xi Jinping, others Named in TIME 100 Most Influential People for 2026

Dangote, Pope Leo XIV, Trump, Xi Jinping, others Named in TIME 100 Most Influential People for 2026

Africa, Business, Economy, Energy, Growth & Insight, Innovation, News, World
Renowned African industrialist and philanthropist, Aliko Dangote, has been named among TIME Magazine’s 100 Most Influential People in the World for 2026, reaffirming his standing as one of the most successful and iconic business leaders of his generation. Dangote joins global influential figures from multiple sectors, including political leaders such as U.S. President Donald Trump, Chinese President Xi Jinping, Israeli Prime Minister Benjamin Netanyahu, Canadian Prime Minister Mark Carney, revered Pope Leo XIV, current head of Catholic Church as well as business and technology leaders including Google CEO Sundar Pichai and YouTube CEO Neal Mohan. The annual TIME100 list, published on April 15, 2026, recognises global figures whose leadership, ideas, and actions are shaping the future...
Why volunteering might be Africa’s most underrated career acceleratorGeorge Asamani, Managing Director, Project Management Institute, Sub-Saharan Africa

Why volunteering might be Africa’s most underrated career acceleratorGeorge Asamani, Managing Director, Project Management Institute, Sub-Saharan Africa

Business, Economy, Energy, Finance, Growth & Insight, Innovation, News, What's Hot, World
Volunteering is often framed as an act of goodwill rather than a pathway to professional growth. This view misses an important point. In many cases, volunteering is one of the most effective ways to build capability, credibility, and leadership. April, designated as Global Volunteer Month, provides a timely opportunity to reconsider a practice that remains widely misunderstood, particularly in emerging markets. Across Africa, the disconnect between education and employability remains a persistent concern. According to the African Development Bank, 10–12 million young Africans enter the job market each year, yet employers continue to cite gaps in experience, problem-solving skills, and leadership readiness. The issue is not a lack of talent, but a lack of exposure.Traditional career path...
Dr. Lola Olukuewu: On a Mission to Future-proof Africa through Tech

Dr. Lola Olukuewu: On a Mission to Future-proof Africa through Tech

Business, Growth & Insight, Innovation, LifeStyle, News, Technology, Technology & Innovation, Working Woman, World
Dr. Lola Olukuewu, a renowned AI entrepreneur and educator, is on a mission to equip Africans with the skills to thrive in the rapidly evolving tech landscape. As the founder of TOPAS Hub, one of Africa’s most eco-friendly tech hubs, and a mentor with BAFAI, Dr. Olukuewu is leading the charge to drive innovation and growth on the continent. With her historic achievement as Nigeria’s first female Certified Chief AI Officer, she is breaking barriers and setting new standards in the tech industry. In this exclusive interview with MARY NNAH, she shares her vision for Africa’s tech future, her experiences as a pioneer in the field, and her insights on AI, entrepreneurship, and leadership Your achievement as the first Nigerian female certified as Chief AI Officer from the Copenhagen...
African Fintech goes global as Platnova marks three years of growth

African Fintech goes global as Platnova marks three years of growth

Economy, Energy, Growth & Insight, Innovation, News, Technology, Technology & Innovation, World
With over 100,000 users, 50 countries, and zero transfer fees, the Lagos-based platform is rewriting what financial access looks like for Africans everywhere When Platnova launched in 2023, it entered one of the most competitive and unforgiving sectors in African technology. Three years on, the company is not only still standing, but it is also accelerating, and doing so in ways that challenge some of the assumptions about what African fintech can achieve. The numbers are worth pausing on: over 100,000 verified users transacting across more than 50 countries, in 15 different currencies. For a company that is yet to complete its fourth year of operation, the scale of reach is notable. More significantly, however, is the quality of the infrastructure that has been built to sustain it.P...

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