Daily Digest Online

The Dangote Group has announced the appointment of Dr. Mahmud Hassan, a renowned economist and former director at the Central Bank of Nigeria (CBN), as its new Group Chief Economist. In a statement released on Monday, December 15, the continent's largest conglomerate stated that Dr. Hassan's appointment is a strategic move designed to bolster its economic advisory capacity at a time of significant volatility in both global and domestic markets. He will serve as the company's principal adviser on economic strategy, policy analysis, and market trends, reporting directly to the group's President, Aliko Dangote. A Veteran with Deep Institutional Expertise Dr. Mahmud Hassan brings over three decades of high-level economic policy and financial sector experience to the role. His long career at the Central Bank of Nigeria included senior positions such as: *   Director of the Trade and Exchange Department *   Director of the Monetary Policy Department...

Access Bank has further expanded its African network with the acquisition of Standard Chartered Bank's business in Cameroon. This move is part of Standard Chartered's strategic withdrawal from several African markets and Access Bank's continued continental growth. Details of the Acquisition The acquisition, finalized on December 5, 2025, grants Access Bank control over Standard Chartered's full operations in Cameroon, including its customer base, staff, and existing infrastructure. Both institutions collaborated to ensure a smooth transition. This follows a familiar pattern for Access Bank, which completed a similar takeover of Standard Chartered's consumer, private, and business banking unit in Tanzania just six months prior. Strategic Context For Standard Chartered, exiting Cameroon aligns with a global strategy to simplify operations, reduce costs, and focus on larger markets. The bank has previously left Angola, The Gambia, Ta...

Retired General TY Danjuma is set to inaugurate a major new logistics park in Lagos on Monday, December 8, 2025. The facility, developed by his company TY Holdings, is described as the largest and most advanced logistics hub in West Africa. The TY Logistics Park FZE, located at Alaro City in the Lekki Free Zone, will be officially opened at 11 a.m. along the Lekki-Epe Expressway. Spanning 90,000 square meters, the park is designed to offer comprehensive third-party logistics services. These include warehousing, inventory management, last-mile distribution, and several value-added services for businesses. The development is expected to significantly improve supply chain efficiency and trade facilitation in Nigeria. By attracting further investment and strengthening logistics networks, the park aims to support the rapid economic growth of the Lekki corridor. The launch of the TY Logistics Park marks a key milestone in Nigeria's infrastructure devel...

A Bangladeshi businessman, AKM Fakhrul Alam, who has lived and invested in Nigeria for 27 years, is calling for a formal skills-transfer partnership between Abuja and Dhaka, urging the Nigerian government to bring in Bangladeshi trainers to revolutionize agriculture and textile manufacturing. Alam's plan involves bringing Bangladeshi master trainers to Nigeria to work directly with farmers and potential factory workers. For agriculture, this includes experts in modern hatchery, fishery, poultry, and high-yield crop farming. He projects this could slash Nigeria's $5 billion annual food imports by half within three to five years while creating millions of rural jobs. In textiles, he pointed to Bangladesh's success, where 95% of the four-million-strong factory workforce are women. "Nigerian women are intelligent, hardworking and quick learners. Give them six months of training and they will match or beat anyone," Alam stated, advocating for ga...