Inside Business Africa - Business News, Economic Insight, African Corporate Stories.

Nov22026 by info@insidebusinessafricang.comNo Comments

Experts Seek Audit Of NIMASA Account As Controversy Deepens Over $360m Shipowners Fund’s Status

Africa, Business, Capital Market, Corporate Stories, Economy, Energy, Exclusive, Finance, Growth & Insight, Health, Industry, Innovation, Insurance, News, Travel, What's Hot, World

The controversy surrounding the management and currency status of the $360 million Cabotage Vessel Financing Fund (CVFF) has deepened, with maritime industry experts calling for a comprehensive audit of the accounts of the Nigerian Maritime Administration and Safety Agency (NIMASA) from 2004 to date to establish the actual status of the fund. The call for an audit followed conflicting accounts by a former director-general of NIMASA, Temisan Omatseye, and the incumbent director-general, Dr Dayo Mobereola, over whether the dollar-denominated contributions to the fund were converted into naira or retained in United States dollars. While Omatseye maintained that the dollar funds were converted into naira and placed in fixed deposits during his tenure, Mobereola has insisted that the doll...

Nov22026 by info@insidebusinessafricang.comNo Comments

Stakeholders Call For Collective Action To Protect Nigeria’s Environment

Africa, Appointments, Breaking News, Business, Economy, Energy, Exclusive, Finance, Growth & Insight, Industry, Insurance, Interviews, News, Travel, What's Hot, World

Stakeholders in the environmental sector have warned that environmental degradation, poor housing and unsustainable development practices threaten public health, food security and Nigeria’s sustainable development. They called for stronger environmental policies, responsible management of natural resources and greater collaboration among government, businesses, researchers and communities to protect the environment for future generations. The stakeholders made the call at the public presentation of a book titled: “People, Nature and Environment: Pathways to Sustainable Development,” authored by an environmentalist and researcher, Dr Abba Maigida. Speaking at the event, the Minister of Agriculture and Food Security, Senator Abubakar Kyari, represented by Mr Taiwo Ojelabi, sai...

Nov22026 by info@insidebusinessafricang.comNo Comments

High Building Material Prices: HDAN Urges National Assembly Intervention

Africa, Appointments, Breaking News, Business, Economy, Energy, Exclusive, Insurance, Interviews, News, Travel, What's Hot, World

The Housing Development Advocacy Network (HDAN) has called on the National Assembly to intervene urgently in the rising cost of building materials, warning that continued price increases are pushing homeownership beyond the reach of millions of Nigerians. In a policy research report titled Reducing the High Cost of Building Materials in Nigeria and Across Africa: Towards Affordable Housing, Stronger Local Manufacturing and Sustainable Construction, HDAN urged federal lawmakers to work with the executive branch to introduce a 100-day emergency action plan to address construction costs. The organisation said the plan should include a nationwide review of the prices of cement, reinforcement steel, roofing sheets, tiles, glass, electrical fittings and plumbing materials. It also called f...

Nov22026 by info@insidebusinessafricang.comNo Comments

Nigeria moves against global fraud networks through UK partnership

Africa, Breaking News, Corporate Stories, Economy, Energy, Exclusive, Growth & Insight, Innovation, Interviews, News, Power, Technology & Innovation, Travel, What's Hot, World

Gabi Hibbatullah, Abuja Nigeria has reaffirmed its commitment to strengthening international cooperation in the fight against cybercrime and digital-enabled criminal activities, describing the challenge as a critical national security and economic priority. A Nigerian delegation made this commitment at the recent Fraud Joint Disruptions Week event in the United Kingdom (UK), where it highlighted the country’s efforts to strengthen law enforcement capacity, improve digital forensic investigations and deepen collaboration with international partners and technology companies. The delegation comprised officials of the Nigeria Police Force National Cybercrime Centre (NPF-NCCC) and the Joint Case Team on Cybercrime (JCTC), established under the Office of the Attorney-General of the F...

Nov22026 by info@insidebusinessafricang.comNo Comments

Experts Hail $5bn Africa Energy Bank As Bold Start, Urge Greater Capital Mobilisation

Africa, Appointments, Breaking News, Business, Capital Market, Economy, Energy, Exclusive, Finance, Growth & Insight, Innovation, Insurance, Interviews, News, Oil & Gas, Power, Travel, What's Hot, World

Energy-sector experts have hailed the $5 billion Africa Energy Bank (AEB), as a bold start towards addressing Africa’s energy financing needs, but cautioned that it cannot single-handedly close the continent’s estimated $200 billion investment gap. They urged greater capital mobilisation from governments and private investors to expand the bank’s impact across Africa’s energy sector. The AEB has formally begun operations, four years after African petroleum ministers first approved its creation, with Egyptian banker Helmy Ghazi appointed as its pioneer president. The launch was announced in Abuja on Saturday by the African Export-Import Bank (Afreximbank) and the African Petroleum Producers’ Organisation (APPO). The bank’s establishment marks a major step in Africa’s effort to b...

Nov22026 by info@insidebusinessafricang.comNo Comments

Tinubu Says Debt Settlement Has Restored Confidence In Power Sector

Africa, Appointments, Breaking News, Corporate Stories, Economy, Energy, Exclusive, Finance, Growth & Insight, Industry, Innovation, Interviews, News, Power, Travel, What's Hot, World

President Bola Tinubu has said the settlement of legacy financial obligations in Nigeria’s electricity sector is helping to restore confidence among key stakeholders and strengthen the foundation for a more stable power market. The President made the remarks while felicitating the managing director and chief executive officer of the Nigeria Bulk Electricity Trading Plc (NBET), Akin Odeyemi, on his birthday, October 31, and commending his role in implementing the Presidential Power Sector Debt Reduction Programme. Tinubu said the successful issuance and signing of N728.979 billion Series 2 Bonds under the N4 trillion Power Sector Multi-Instrument Issuance Programme had enabled NBET to settle participating Generation Companies (GenCos) and their associated gas companies. According t...

Oct282026 by info@insidebusinessafricang.comNo Comments

PMI and TIME Studios Highlight the Projects Successfully Delivering Climate Solutions at Scale

Africa, Breaking News, Corporate Stories, Economy, Energy, Exclusive, Growth & Insight, Industry, Innovation, Interviews, News, Travel, World

Menaka Gopinath TIME Studios and Project Management Institute (PMI), the world’s leading authority for project professionals, have announced Season 2 of The Solutionaries, a documentary series about the project success behind climate solutions that scale and what it takes to move from a solution that works once to one that works everywhere. All three episodes are available on TIME.com. The series follows the innovators and the project leaders working to validate each solution, prepare it for real-world conditions, and build the operations to deliver it. Season 2 features Adam Gardner and Lauren Sullivan of REVERB, Alisha Fredriksson of Seabound, and Kate Kallot of Amini. Together, their work across music, maritime decarbonisation, and artificial intelligence is addressing urgent glob...

Oct282026 by info@insidebusinessafricang.comNo Comments

Ebola Alert: Taraba Orders Health Facilities To Report Suspected Cases

Africa, Corporate Stories, Economy, Energy, Health, Interviews, News, Travel, What's Hot, World

The Taraba State Government has directed public and private health facilities to immediately report suspected Ebola cases, following reports of an Ebola case in Abuja, as the state steps up surveillance and prepares to introduce fever screening at its airport. The Commissioner for Health, Dr Bordiya Gbansheya Buma, who announced the measures, said the government was strengthening its preparedness in collaboration with the Federal Ministry of Health, the Nigeria Centre for Disease Control and Prevention (NCDC) and other relevant authorities. Dr Buma directed all public and private healthcare facilities across the state to remain on high alert and immediately report suspected cases to the Ministry of Health. He also disclosed plans to train healthcare workers and intensify public aw...

Oct282026 by info@insidebusinessafricang.comNo Comments

Ebola: Over 10,000 Cases Confirmed In DR Congo, NRC Seeks Urgent Action

Africa, Corporate Stories, Economy, Energy, Exclusive, Health, News, Travel, What's Hot, World

More than 10,000 people have tested positive for Ebola virus disease in the Democratic Republic of the Congo (DR Congo), with nearly half of those infected dying from the disease, the Norwegian Refugee Council (NRC) has said. The humanitarian organisation called for an urgent scale-up of response efforts to contain the outbreak, warning that the spread of the virus had become a growing concern following reports of confirmed cases in Kenya and Nigeria. In a statement on Wednesday, the NRC said the DR Congo had recorded more than 10,000 cases in the ongoing Bundibugyo virus outbreak. It warned that the outbreak could continue to spread faster than response efforts could keep pace unless the government adopted measures to anticipate the virus and bring it under control. The resurg...

Oct282026 by info@insidebusinessafricang.comNo Comments

NAqF Boss Backs 15-Year-Old Swimmer, Dumuje, For Youth Olympics Medal

Africa, Corporate Stories, Energy, Exclusive, Innovation, Interviews, News, Sports, Travel, What's Hot, World

President of the Nigeria Aquatics Federation (NAqF), Lekan Fatodu, is confident that a 15-year-old Nigerian swimmer, Aidan Dumuje, can win a medal at the Youth Olympic Games, citing his natural talent, dedication and steady progress despite limited training facilities and competition opportunities. Fatodu, who spoke through the federation’s Secretary-General, Taiwo Oriss, said the youngster, who has been shortlisted to represent Nigeria at the Games, had demonstrated the potential to compete with the best despite training in challenging conditions. NAqF boss described the teenager as a product of determination and self-motivation, noting that his commitment had enabled him to make significant progress despite lacking the facilities and regular competition enjoyed by some of his...