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

Oct162026 by info@insidebusinessafricang.comNo Comments

Will A Nobel Solve The World’s Trump Problem? The President Thinks So

Corporate Stories, Economy, Energy, LifeStyle, News, Politics, Power, Travel, What's Hot, World

US President Donald Trump doesn’t just think a Nobel will solve the world’s Trump-inflicted problems. He believes it. He has said, quite clearly, that he deserves a Nobel Peace Prize for his extraordinary labour of peace, especially in his second term. He claims he has ended eight wars, from the Israel-Hamas War to the Israel-Iran War, the India-Pakistan War, the Thailand-Cambodia War, and the DR Congo-Rwanda War. Can you think of anyone who has, in his words, saved millions of lives and done so much for world peace and security in the last nearly two years? And each settled war, for Trump, is the equivalent of one Nobel – eight prizes in all, yet he has been denied even one! He’s not the only important person who thinks he has done what Napoleon could not do, and yet remains larg...

Oct162026 by info@insidebusinessafricang.comNo Comments

Golden Eaglets in Danger of Missing out on U17 AFCON Again

Corporate Stories, Energy, News, Sports, Travel, What's Hot, World

Nigeria’s cadet team, the Golden Eaglets are again in serious danger of not qualifying for the U17 AFCON after they lost 2-1 to Niger in their opening Group B match yesterday in Ouagadougou, Burkina Faso. BuyMaps The Golden Eaglets are bottom of the group without any points, while Niger advanced to the semifinals of the WAFU B qualifiers with four points from two matches. Nigeria and Cote d’Ivoire, who have a point from a 1-1 draw with Niger, will now have to do battle Saturday afternoon for the other ticket to the knockout rounds of the competition. Niger were the better team and they took a deserved lead in the 20th minute after goalkeeper Mutiu Adedayo fumbled a cross inside his box.The Eaglets were uncoordinated, struggled to string passes together, while relying...

Oct162026 by info@insidebusinessafricang.comNo Comments

Keyamo slams Atiku over Nigeria Airways collapse

Africa, Aviation, Business, Corporate Stories, Economy, Interviews, News, Politics, Power, What's Hot, World

The Minister of Aviation and Aerospace Development, Festus Keyamo, has accused the presidential candidate of the African Democratic Congress, Atiku Abubakar, of hypocrisy over his comments on the state of the country, citing the liquidation of Nigeria Airways and the unpaid entitlements of its former workers. Keyamo stated this in a post shared on his X handle on Wednesday, stating that the administration in which Atiku served as vice-president liquidated the national carrier in September 2004, leaving thousands of workers jobless and without their pensions and gratuities. “Your Excellency, Atiku Abubakar, this is hypocrisy at its peak! Let me just talk only about the sector that I head, Aviation,” the minister wrote. The minister claimed that the former workers were left to strug...

Oct162026 by info@insidebusinessafricang.comNo Comments

Tesla unveils flying car prototype, eyes 2028 production

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

Tesla has unveiled a prototype of its new Roadster sports car that can briefly rise into the air using rocket technology, with production targeted for 2028. According to CNN, the demonstration was held on Thursday at a SpaceX testing facility in Texas, United States, where the two-seater vehicle performed a series of manoeuvres, including driving upside down before making a short airborne movement. The prototype was operated without a driver during the test, with Musk saying the decision was taken “to make sure we don’t kill anyone.” “Success is not guaranteed. I mean that. It’ll probably work, but if it doesn’t work, we’re at a safe distance,” he said. CNN reported that the vehicle uses 10 nozzles and high-pressure air tanks to generate thrust, with Musk claiming it could acce...

Oct162026 by info@insidebusinessafricang.comNo Comments

FG begins 17.7MW Oyo mini-grid construction

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

The Federal Government has commenced five interconnected mini-grid projects with a combined capacity of 17.7 megawatts in Oyo State, while ruling out plans to increase electricity tariffs. The Minister of Power, Joseph Tegbe, announced the projects during their groundbreaking ceremony, saying the initiative would improve electricity access, support businesses and reduce dependence on generators in beneficiary communities. The projects, located in Akinyele, Ido, Ibadan North, Egbeda and Lagelu Local Government Areas, comprise the Bola, Jiboye, Molade-Adelubi, Ogo Oluwa and Sooko-Elega interconnected mini-grids. The initiative is supported by a 17.74-megawatt battery energy storage system designed to support electricity supply and improve reliability. Tegbe said the ...

Oct162026 by info@insidebusinessafricang.comNo Comments

FG’s illusory fuel price relief

Africa, Business, Corporate Stories, Economy, Exclusive, Logistics, News, Oil & Gas, Power, Travel, What's Hot, World

FOR more than three years, Nigerians have been told to endure economic pain in the name of necessary reforms. The removal of petrol subsidy, foreign exchange market liberalisation, soaring electricity tariffs, punishing inflation and the collapse of household purchasing power have all been presented as sacrifices that would eventually deliver prosperity. Yet, as petrol prices surged beyond N1,400 per litre amid renewed global oil-market turmoil, the Federal Government has responded with a 30-day discount scheme whose limitations are glaring even before implementation. This is not economic rescue. It is a token gesture dressed up as bold intervention, offered to a population already exhausted by years of sacrifice. Coming after mounting public anger, labour agitation and opposition...

Oct162026 by info@insidebusinessafricang.comNo Comments

Tinubu’s NNPC order cuts deductions to N8.4tn – W’Bank

Africa, Appointments, Breaking News, Business, Capital Market, Corporate Stories, Economy, Energy, Exclusive, Industry, News, Oil & Gas, Politics, Power, Travel, What's Hot, World

The deductions from Nigeria’s Federation Account fell by N1.7tn in the first half of 2026, following the Federal Government’s move to stop certain oil revenue retentions by the Nigerian National Petroleum Company Limited and redirect gas-flaring penalties to the Federation Account. The World Bank disclosed this in its Nigeria Development Update report analysed by our correspondent on Thursday, noting that total deductions declined from N10.1tn in the first half of 2025 to N8.4tn in the corresponding period of 2026. The reduction represented a fall of N1.7tn, or 16.8 per cent, year-on-year. As a share of the nation’s Gross Domestic Product, deductions dropped from 4.6 per cent to 3.4 per cent, a decline of 1.2 percentage points. The World Bank attributed the development...

Oct162026 by info@insidebusinessafricang.comNo Comments

2 More Aviation Unions Oppose Planned Concession Of Port Harcourt Airport

Aviation, Breaking News, Business, Corporate Stories, Economy, Energy, Exclusive, Finance, Growth & Insight, Industry, Innovation, Insurance, Interviews, News, Travel, What's Hot, World

Two more unions in the aviation industry have backed workers at the Port Harcourt International Airport in opposing the planned concession of the facility. The unions, the National Union of Air Transport Employees (NUATE) and the Air Transport Services Senior Staff Association of Nigeria (ATSSSAN), said they were now working with the Association of Nigerian Aviation Professionals (ANAP) to achieve their objectives. NUATE chairman, Comrade Felix Owoefe, and his ATSSSAN counterpart, Comrade Africanus Tamunotonye, confirmed the development in a chat with LEADERSHIP in Port Harcourt on Thursday but did not provide further details. Aviation workers under the auspices of ANAP had last week resolved to write to the National Assembly to explain why they opposed the planned concession of t...

Oct162026 by info@insidebusinessafricang.comNo Comments

Elumelu Team Eyes $15bn Infrastructure Projects for West Africa

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

Nigerian businessman Tony Elumelu is part of a team considering a $15 billion pipeline of investment projects across West Africa, aimed at reducing the region’s infrastructure deficit, according to a Bloomberg report published on Thursday. Elumelu, who is chairman of Heirs Holdings Limited and co-chair of the West Africa Integration and Investment Summit, worked with the team to identify projects that can be presented to lenders. The project list is being put together ahead of the inaugural regional summit, which will hold in Sierra Leone in November. Elumelu, founded Heirs Holdings in 2010 as a family-owned investment company. It holds interests in financial services, power, energy, oil and gas, hospitality, technology and healthcare. Through Heirs, he holds a controlling stak...

Oct162026 by info@insidebusinessafricang.comNo Comments

Federal Govt Moves To Raise Home Loans To N85m, Targets Informal Workers

Africa, Appointments, Capital Market, Economy, Energy, Exclusive, Finance, Growth & Insight, Industry, Innovation, Interviews, News, Power, Travel, World

The Federal Government is planning a major shake-up of Nigeria’s housing finance system, with a proposed increase in the maximum mortgage loan to N85 million and a target of delivering 5,000 mortgages annually by 2028. The reform, announced by the Minister of Housing and Urban Development, Engr. Dr. Muttaqha Rabe Darma, is also expected to open up housing finance to informal-sector workers, who have struggled to access conventional mortgages because of irregular earnings and restrictive lending conditions. Darma unveiled the proposals at the 15th Meeting of the National Council on Lands, Housing and Urban Development in Sokoto, where he outlined measures to strengthen the Federal Mortgage Bank of Nigeria (FMBN) and improve the conversion of National Housing Fund (NHF) contributions i...