Saturday, April 18, 2026
27.6 C
Lagos

Business

Guinness Nigeria: N1tn Market Capitalisation Signals Strong Investor Confidence, Sustained Value Creation

Guinness Nigeria Plc has achieved a landmark milestone, surpassing...

Nationwide Voting Platform Empowers Consumers to Rate Brands, Public Institutions Based on Real Value, Trust, Service Delivery

  https://consumervalue.vercel.app/nominate In a bold step to deepen consumer voice and...

BOOK REVIEW: Personal Cost Control Strategies

  Author: Festus Abiodun Adebisi Publisher: Maximax Inc. Reviewer: Goke Ilesanmi Many people...

The Swift Ascendant Lands in Abuja: Martell’s Monumental Journey of Audacity Reaches the FCT

After kicking off in Lagos, Martell’s nationwide campaign, Martell...

PR Industry Leaders Hail Adejumoh’s Book, Advocate Strategic Shift in Practice

L-R: Chief Yomi Badejo-Okusanya (YBO), Chairman, Board of the...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

Being text of the speech by Alhaji (Dr.) Umaru...

Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

The Group Managing Director/Chief Executive Officer of Nigerian Exchange...

NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

Nigerian Exchange Group Plc (NGX Group), in collaboration with...

Insurance

NIA to Honour Past Governing Council Members

The Nigerian Insurers Association (NIA) is pleased to announce...

Nigeria Hosts 1st ECOWAS Brown Card Zonal Meeting 2026 in Lagos

‎The Commissioner for Insurance, National Insurance Commission, Mr. Olusegun...

Heirs Insurance Group, United Capital Partner on Self-Care, Wealth Event for Ambitious Women

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, and United...

NAICOM Pledges Commitment to Labour Standards, Staff Welfare

The National Insurance Commission (NAICOM) reaffirms its strong commitment...

Business

Guinness Nigeria: N1tn Market Capitalisation Signals Strong Investor Confidence, Sustained Value Creation

Guinness Nigeria Plc has achieved a landmark milestone, surpassing...

Nationwide Voting Platform Empowers Consumers to Rate Brands, Public Institutions Based on Real Value, Trust, Service Delivery

  https://consumervalue.vercel.app/nominate In a bold step to deepen consumer voice and...

BOOK REVIEW: Personal Cost Control Strategies

  Author: Festus Abiodun Adebisi Publisher: Maximax Inc. Reviewer: Goke Ilesanmi Many people...

The Swift Ascendant Lands in Abuja: Martell’s Monumental Journey of Audacity Reaches the FCT

After kicking off in Lagos, Martell’s nationwide campaign, Martell...

PR Industry Leaders Hail Adejumoh’s Book, Advocate Strategic Shift in Practice

L-R: Chief Yomi Badejo-Okusanya (YBO), Chairman, Board of the...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

Being text of the speech by Alhaji (Dr.) Umaru...

Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

The Group Managing Director/Chief Executive Officer of Nigerian Exchange...

NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

Nigerian Exchange Group Plc (NGX Group), in collaboration with...

Insurance

NIA to Honour Past Governing Council Members

The Nigerian Insurers Association (NIA) is pleased to announce...

Nigeria Hosts 1st ECOWAS Brown Card Zonal Meeting 2026 in Lagos

‎The Commissioner for Insurance, National Insurance Commission, Mr. Olusegun...

Heirs Insurance Group, United Capital Partner on Self-Care, Wealth Event for Ambitious Women

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, and United...

NAICOM Pledges Commitment to Labour Standards, Staff Welfare

The National Insurance Commission (NAICOM) reaffirms its strong commitment...

Xenophobia Row Exposes Rivalry Between Nigeria, South Africa

The recall of Nigeria’s top diplomat after a spate of xenophobic attacks in South Africa follows several similar spats that expose the two countries’ deep rivalry for economic and political dominance in Africa.

Nigeria’s Acting High Commissioner to South Africa Martin Cobham said he had been “invited” to Abuja to discuss this month’s anti-immigrant attacks in South Africa, which have killed at least seven people. Televised images of armed gangs attacking immigrants and looting foreign-owned stores in Johannesburg have sparked a backlash in Nigeria, where hundreds protested in front of shops owned by South African brands like MTN and Shoprite.

South Africa’s foreign ministry called Cobham’s recall an “unfortunate and regrettable step”, before taking a swipe at Abuja for its own record on protecting foreigners. Last September, a church hostel collapsed in Lagos, killing 115 people, most of them South African.Buhari

Nigeria was criticised for its slow response to the disaster and what some saw as a haphazard rescue effort. “It would be curious for a sisterly country to want to exploit such a painful episode for whatever agenda,” a foreign ministry statement said in response to Cobham’s recall.

“We did not blame the Nigerian government for the deaths and more than nine months’ delay in the repatriation of the bodies of our fallen compatriots.”

Such tit-for-tat slights are becoming increasingly common. Weeks after the hostel collapse, South Africa seized $9.3 million from a private jet carrying two Nigerians, funds Abuja said were for a legitimate arms deal. South Africa said the deal was being conducted without relevant permits.

Abuja accused South Africa of xenophobia when Nigerians were deported after staff at Johannesburg airport believed their yellow fever certificates were fake. Arik Air, Nigeria’s biggest airline, briefly canceled flights to South Africa.

Cannibals
Nigeria banned 2009 film “District 9”, a hit movie directed by a South African that depicted Nigerians as cannibals, criminals and prostitutes who had sex with aliens. Rows over Hollywood movies and yellow fever certificates are reflective of a more serious battle for economic dominance and control over Africa’s representation on the global stage.

“It’s no secret that Africa’s wouldbe superpowers don’t like each other very much,” Analyst Simon Allison wrote in a column in the Daily Maverick, a leading South African political online newspaper. “For all their lofty talk of unity and pan-Africanism, both Nigeria and South Africa are actually locked in a fierce struggle to be sub-Saharan Africa’s pre-eminent superpower.”

Nigeria overtook South Africa as the continent’s biggest economy last year after re-basing its GDP. Pretoria said the numbers reflected Nigeria’s larger population and not the sophistication of their respective economies.

“Despite what was said publicly, Nigeria’s rebasing was resented by the South African government,” a Pretoria-based Western diplomat told Reuters. Diplomats say that when South African politician, Nkosazana Dlamini-Zuma, the ex-wife of President Jacob Zuma, won a close race to chair the African Union Commission in 2012, Nigeria strongly backed her opponent.

Both countries are also lobbying for a permanent position to represent Africa on the United Nations Security Council. Given their political and economic heft – together, the two economies are larger than the rest of sub-Saharan Africa’s combined relations between South Africa and Nigeria could be decisive for the future of a continent of 1 billion people.

“Nigeria and South Africa are like two prisoners in the same cell of poverty, inequality and bad leadership,” Nigerian writer and political commentator, Elnathan John told Reuters.

“Together, they could muster the strength to break their bonds and overpower the jailer but instead they spend time feuding with each other in a needlessly fractious relationship.”

Hot this week

Guinness Nigeria: N1tn Market Capitalisation Signals Strong Investor Confidence, Sustained Value Creation

Guinness Nigeria Plc has achieved a landmark milestone, surpassing...

Stanbic IBTC Asset Management Bags Top Asset Management Award 2026 by Global Banking & Finance Review

In a noteworthy achievement in Nigeria's asset management landscape,...

Tinubu Assents to N68.32tn Appropriation Bill, 2025 Budget Extension

President Bola Ahmed Tinubu has assented to the 2026...

Nationwide Voting Platform Empowers Consumers to Rate Brands, Public Institutions Based on Real Value, Trust, Service Delivery

  https://consumervalue.vercel.app/nominate In a bold step to deepen consumer voice and...

PenOp Appoints Anthonia Okoro as Chief Executive Officer

Pension Fund Operators Association of Nigeria is pleased to...

Topics

Danbatta: NCC Reviewing Licenses to Incorporate New Industry Trends

KEYNOTE SPEECH BY PROF. UMAR GARBA DANBATTA, THE EXECUTIVE...

Quickteller Transport Unveiled to Enrich Travel Booking Experience

In line with its mission to develop technology solutions...

Nutritionist Seeks Dietary Diversification to Tackle Malnutrition in Nigeria

Dr. Beatrice Chinyem Oganah-Ikujenyo of the Department of Home...

NGX Group Chair, Umaru Kwairanga, Draws Roadmap for Leadership in Nigeria

   Being the remarks by Alhaji (Dr.) Umaru Kwairanga, Group...

With $1bn Worth of Investments, Proparco Marks 15 Years in Nigeria

Proparco, a French development finance institution, is proud to...

Consolidated Hallmark Insurance Plc

Mr. Eddie Efekoha (MD/CEO- Centre) From left – Dotun Adeogun,...

Stanbic IBTC Attracts N413bn Capital into Nigeria

Stanbic IBTC, a member of Standard Bank Group, in...

Stanbic IBTC Holdings to Host 7th Edition of its Youth Leadership Series 

Stanbic IBTC Holdings, a leading financial services group committed...
Exit mobile version