Uncategorized - Inside Business Africa

Sep212026 by info@insidebusinessafricang.comNo Comments

US Treasury chief says meeting with China on trade, AI ‘very successful’

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US Treasury Secretary Scott Bessent touted a “very successful” meeting on trade and artificial intelligence with Chinese officials Sunday, adding that both sides discussed greater communication on AI threats. “We just had a very successful engagement with the Chinese,” Bessent told reporters after the all-day meeting with Vice Premier He Lifeng. The discussions, which also included top US trade official Jamieson Greer, lasted around eight hours and set the stage for possible agreements on trade, AI and other issues before a summit of the countries’ top leaders. US President Donald Trump and his Chinese counterpart Xi Jinping are due to meet Thursday in Washington. Bessent said the US proposed a notification mechanism between the two countries for incidents like security threats...

Aug132026 by info@insidebusinessafricang.comNo Comments

Dangote Cement, FRSC Strengthen Strategic Partnership To Advance Road Safety

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Efforts aimed at further enhancing road safety in Ogun State has received a boost following fresh collaborative engagement between the Dangote Cement Plc, Ibese Plant and the State Sector Command for safer road use and general safety advocacy. Dangote Cement Plc, Ibese Plant reaffirmed its commitment to promoting safer roads and strengthening stakeholder collaboration as it received the newly deployed Ogun State Sector Commander of the Federal Road Safety Corps (FRSC), Corps Commander Oludare Ogunjobi, and members of his management team on a courtesy visit to the plant. The visit provided an opportunity for both organizations to discuss strategies for enhancing road safety awareness, driver competence, and regulatory compliance across Ogun State. Speaking during the engagement, Og...

Jul142026 by info@insidebusinessafricang.comNo Comments

Oil tops $80 as Trump revives Iran blockade

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Oil prices climbed above $80 per barrel on Monday after renewed military confrontation between the United States and Iran heightened concerns over shipping through the Strait of Hormuz, one of the world’s most critical oil transit routes. The latest escalation came as United States President Donald Trump announced plans to impose a 20 per cent charge on cargo passing through the Strait of Hormuz, saying Washington should be reimbursed for securing the strategic waterway. He also declared that the United States was “reinstating” a naval blockade on Iran, further raising fears over global crude oil supplies and energy markets. According to oilprice.com, Brent crude rose from about $76 to above $80 per barrel following a fresh exchange of missile and drone attacks between the two countr...

Jun102026 by info@insidebusinessafricang.comNo Comments

Oil prices fall on Iran-US peace optimism

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Oil prices tumbled on Tuesday as growing optimism over a possible diplomatic breakthrough between Iran and the United States triggered a sharp sell-off in global crude markets, with Brent sliding toward the $91 per barrel mark. According to the Economic Times, Brent crude fell by over three per cent during intraday trading, while WTI dropped nearly four per cent, as markets reacted to reports that a draft Iran–US peace agreement had been submitted for review in Washington and described as “preliminarily acceptable”. The development immediately weakened the geopolitical risk premium that had kept oil prices elevated in recent weeks, particularly following heightened tensions that disrupted sentiment around Middle East supply routes and the strategically critical Strait of Hormuz. ...

Jun22026 by info@insidebusinessafricang.comNo Comments

Savannah Energy revenue hits $104m in four months

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British independent energy firm Savannah Energy Plc has reported a strong financial and operational performance for the first four months of 2026, driven by a significant boost in its Nigerian operations and a massive surge in cash collections. In a trading update released ahead of its Annual General Meeting on 1 June 2026, the company revealed that its total revenues for the four months ended 30 April 2026 jumped 17 per cent year-on-year to hit $104.1m, up from the $89.1m recorded during the corresponding period in 2025. The primary catalyst for the company’s financial liquidity during the period was a stellar 48 per cent increase in cash collections, which reached $183.5m compared to $124.1m in the first four months of 2025. This intensive cash recovery strategy successfully dro...

May182026 by info@insidebusinessafricang.comNo Comments

Oil nears $110 as Trump threatens strike in Iran

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Oil prices rose to $109.3 on Sunday amid the unending tension in the Middle East, data by Oilprice.com has shown. This was as the United States President, Donald Trump, warned Iran that the “clock is ticking” after talks to bring the war to an end continued to stall. From about $107 a barrel last week, oil prices continue to go higher, impacting the cost of refined petroleum products at the pump. Recall that Trump had last week rejected the proposal by Iran to end the crisis and reopen the all-important Strait of Hormuz. Iran has remained in control of the strait since the war started in February, making oil transportation impossible On Sunday, Trump warned Iran to act fast or lose everything. “They better get moving FAST, or there won’t be anything left of them. TIME IS OF THE...

Apr92026 by info@insidebusinessafricang.comNo Comments

Women Farmers Secure Grants, Loans To Boost Agribusinesses

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Women-led agribusiness operators across Kaduna, Niger and Nasarawa States have received grants and loan support to expand their enterprises and strengthen agricultural productivity. The intervention was unveiled at a grant award ceremony for women-led agricultural SMEs, held at the Kaduna Business School, where beneficiaries were presented with symbolic cheques in the presence of stakeholders and development partners. The programme, implemented in collaboration with partners including AGRA, SMEDAN and the Kaduna Business School, is designed to improve livelihoods, enhance value chains and address food insecurity. Speaking at the event in Kaduna on Wednesday, the rector of Kaduna Business School, Dr Dahiru Sani, said the initiative highlights the urgent need to support women entrep...

Apr22026 by info@insidebusinessafricang.comNo Comments

US, Nigerian Institutes Partner To Strengthen Governance, Risk Management

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The American Institute of CPAs (AICPA) has partnered with the Nigerian Capital Market Institute (NCMI), the training arm of the Securities and Exchange Commission (SEC), to enhance corporate governance and risk management among capital market operators in Nigeria. According to the organisations, the collaboration will provide operators with access to the Internal Control and Enterprise Risk Management (ERM) Certificate programmes developed by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). COSO, a joint initiative of five leading accounting and finance bodies, focuses on advancing best practices in enterprise risk management, internal control, and fraud deterrence. Stakeholders said the initiative is expected to help businesses strengthen governance st...

Mar302026 by info@insidebusinessafricang.comNo Comments

Dangote drives tree planting, sustainability awareness

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As part of its commitment to environmental sustainability, the Transport Unit of Dangote Cement Plc, Obajana, has embarked on a large-scale tree-planting exercise and distribution of seedlings in commemoration of the 2026 International Day of Forests. In a statement on Sunday, the company disclosed that 13 schools were also provided with seedlings, even as it planted hundreds of trees. Speaking at the event, the Divisional Director Transport, Col. Hemant Rana (rtd), said, “Forests play a vital role in regulating our climate, supporting biodiversity, and providing essential resources for humans.” Rana, represented by the Assistant Divisional Director, Transport, Mr Abdullahi Aliyu, stated that the awareness session and demonstration align with the company’s ongoing commitment to ed...

Mar182026 by info@insidebusinessafricang.comNo Comments

Senegal to challenge CAF’s ‘unfair, unprecedented, unacceptable’ AFCON 2025 final decision

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By Emmanuel Okogba The Senegalese Football Federation (FSF) has strongly condemned the March 17, 2026 ruling by the Confederation of African Football (CAF) Appeals Board and announced it will appeal the decision to the Court of Arbitration for Sport (CAS) in Lausanne. The ruling overturned an earlier decision by the CAF Disciplinary Board and declared that Senegal forfeited the 2025 Africa Cup of Nations final against Morocco, awarding the match 3-0 to the Royal Moroccan Football Federation (FRMF) on the grounds that Senegal breached Articles 82 and 84 of the AFCON regulations. Morocco’s protest followed chaotic scenes late in the final that saw Senegalese players briefly leave the pitch after a disallowed goal and a penalty awarded to the hosts. The Appeals Board had found the...