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Economy Apr 15, 2026

Lagos Housing Crisis: Soaring Rents and Long Commutes

The article discusses the severe housing crisis in Lagos, Nigeria, where soaring rents and a shorta…
Lagos, one of Africa's most dynamic cities, is facing a severe housing crisis. The city's population of approximately 22 million people is putting immense pressure on its housing market, leading to soaring rents and a shortage of affordable accommodation.Oluwatobi Ogundipe, a 32-year-old product manager, commutes four hours daily from his small flat in Sango Ota to his office on Lagos Island. Despite working in one of Nigeria's growing technology sectors, he cannot afford to live closer to his office, highlighting the affordability crisis in the city.Rents across Lagos have surged beyond wage growth, with prices increasing by as much as 400% in some areas. On the mainland, flats that rented for ₦500,000 two years ago now cost up to ₦2.5m a year. On the island, rents have tripled, making it even more challenging for residents to find affordable housing.The city's deputy governor, Obafemi Hamzat, attributes the crisis to persistent migration pressure, with about 6,000 new inhabitants arriving and 3,000 leaving each day. This has led to a shortage of over 3.4 million housing units, according to Prof. Taibat Lawanson, a professor of urban management and governance at the University of Lagos.The shortage of affordable homes is exacerbated by developers prioritizing high-end projects over affordable housing, driven by high construction costs, soaring urban land prices, and limited housing finance. This has led to a proliferation of luxury flats, even as people struggle to secure basic accommodation.The crisis has also fueled the popularity of short-term rentals, with many landlords converting their homes into short-let properties, further reducing the availability of long-term rentals and driving prices higher.For now, Lagos's residents adapt, making long commutes through the city's infamous traffic. As Ogundipe says, "We all come to Lagos chasing something, but these days, it feels like the city is slowly pushing us away."
#Lagos #Nigeria #real estate
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News Apr 14, 2026

Romuald Wadagni Poised to Secure Benin Presidency After Opposition Concedes

Government‑backed foreign minister Romuald Wadagni is set to win Benin's presidential race followin…
Benin’s presidential contest is tilting decisively toward the incumbent government’s nominee, Romuald Wadagni, after his only challenger, Paul Hounkpe of the Cowry Forces for an Emerging Benin party, publicly acknowledged defeat on national television. Hounkpe’s concession, aired on Monday, included a call for “republican congratulations” and a reminder that democratic health depends on mutual respect across partisan lines, as reported by AFP. Currently serving as foreign minister, Wadagni is the designated successor of President Patrice Talon, who is stepping down after two consecutive five‑year terms. The election follows a turbulent period marked by a foiled coup in late 2025, which was suppressed with the aid of Nigerian forces. Out of an electorate of nearly 8 million eligible voters, early voting proceeded at a modest pace, according to Al Jazeera correspondent Ahmed Idris reporting from Cotonou. Hounkpe’s campaign highlighted that despite a robust 7.5% GDP growth in 2024, the benefits have not sufficiently improved living standards, pointing to persistent poverty rates exceeding 30% and limited trickle‑down of economic gains. In contrast, Wadagni pledged to focus on essential services such as water access, expanded social security, and improved healthcare, positioning himself as a continuity candidate for the ruling coalition. The finance minister, who previously led the polls, was widely expected to prevail after the main opposition party, the Democrats, failed to nominate a candidate and declined to endorse Hounkpe. The Democrats also fell short of the 20% threshold needed for parliamentary representation in the January 2026 elections, securing only about 16% of the vote. Security concerns loom large for the incoming administration. The northern region continues to grapple with insurgent activity from the al‑Qaeda affiliate Jama’at Nusrat al‑Islam wal‑Muslimin (JNIM), which has inflicted heavy casualties on the military, including an attack last year that killed 54 soldiers and another incident in March that claimed 15 lives. These challenges are compounded by broader instability across the Sahel, where a succession of coups in neighboring states such as Burkina Faso, Niger, and Mali has heightened regional volatility. While Wadagni’s ascent promises policy continuity, the new president will need to address both the security vacuum in the north and the socioeconomic gap that leaves a third of Benin’s population in poverty despite recent economic growth.
#benin #election #wadagni
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World Economy Apr 13, 2026

Nigerian Handweavers Keep Aso‑Oke Tradition Alive as Global Demand Soars

Artisans in Iseyin, Nigeria, are preserving the hand‑woven aso‑oke fabric despite rising domestic a…
In the quiet town of Iseyin, about 200 km north‑west of Lagos, shaded courtyards and narrow lanes have become the beating heart of Nigeria’s iconic aso‑oke textile industry. Under makeshift sheds, weavers operate wooden looms that have remained largely unchanged for generations. Recent years have seen a surge in demand for the thick, multicoloured fabric, driven by the Nigerian diaspora and an expanding international appetite for African fashion. Yet the craftsmen and women of Iseyin staunchly oppose the introduction of machines, arguing that the hand‑woven process is essential to the cloth’s distinctive texture and cultural value. The craft now serves as an economic lifeline. Young Nigerians—including university graduates—are flocking to Iseyin to learn the trade, attracted by the promise of a steady income. One such convert, Waliu Fransisco, abandoned a career as a Lagos nightclub singer a decade ago to master the loom. At 34, he says, “I now earn a decent living from weaving aso‑oke and I’m satisfied.” Aso‑oke, literally meaning “cloth from the up‑country,” has become a staple in Nigeria’s fashion scene, appearing in ceremonial attire, contemporary streetwear, and even high‑profile outfits such as the wrapper and shawl worn by Meghan Markle during her 2024 visit to Nigeria with Prince Harry. Traditionally, the fabric was produced from locally sourced cotton or silk, with threads hand‑spun, dyed, and woven in limited colour palettes. Today, most weavers use loom‑ready yarns imported primarily from China, allowing for a broader spectrum of hues while preserving the labor‑intensive hand‑weaving technique. Each loom requires meticulous arrangement of narrow, tightly patterned strips that are later sewn together to form the wider cloth used for garments and accessories. “This is what Iseyin is known for,” says 35‑year‑old weaver Kareem Adeola, echoing the sentiment of a community that views the craft as a direct inheritance from its forebears. As global fashion houses and consumers continue to seek authentic African textiles, the artisans of Iseyin stand at the crossroads of tradition and market opportunity, proving that cultural heritage can thrive alongside modern demand.
#aso-oke #fabric #iseyin
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News Apr 13, 2026

Nigerian Air Strike on Village Market Kills Dozens, Sparks Outrage

A Nigerian military air strike on a village market in northeastern Nigeria has resulted in dozens o…
A devastating air strike by the Nigerian military on a village market in northeastern Nigeria has killed dozens and injured hundreds, sparking widespread outrage and condemnation. The strike, which occurred on Sunday, was aimed at members of the rebel group Boko Haram.According to Amnesty International, over 100 people were killed and 35 others wounded in the attack on the Jilli village market in Yobe state. A local chief, Lawan Zanna Nur Geidam, reported that the total casualties, including dead and injured, were around 200.The Nigerian Air Force claimed to have killed Boko Haram fighters in an air strike on the Jilli axis in Borno state, but did not mention hitting a market. The government of Yobe state later confirmed that an air strike near a market had been conducted, affecting people attending the weekly market.Amnesty International condemned the strike, stating that launching air raids is not a legitimate law enforcement method and that the Nigerian military's actions demonstrate a shocking disregard for human life. The organization called on Nigerian authorities to immediately investigate the incident and hold suspected perpetrators accountable.The Yobe State Emergency Management Agency (SEMA) activated the emergency response, and many of the injured were taken to hospitals in nearby Geidam and Maiduguri. A worker at the Geidam General Hospital reported that at least 23 people injured in the incident were receiving treatment.
#state #people #air
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Sports Apr 12, 2026

Tyson Fury and Anthony Joshua: Superfight Hangs in the Balance After 10 Years of Talks

Tyson Fury has called out Anthony Joshua for a superfight after his unanimous points win over Arsla…
Tyson Fury, the Gypsy King of boxing, has once again called out Anthony Joshua for a highly anticipated superfight, but the question remains: will it ever happen? The two British boxing legends have been talking about facing each other for over 10 years, but the bout has been plagued by delays, postponements, and cancellations. Following his dominant victory over Arslanbek Makhmudov at Tottenham Hotspur Stadium, Fury expressed his desire to fight Joshua next, stating, "I've no idea" if the fight will happen. Despite Joshua's presence ringside, he refused to give a definitive answer, citing the need for time to recover from a tragic car crash in Nigeria that claimed the lives of two of his close friends. Fury, who has been chasing Joshua for a decade, sounded perplexed by Joshua's evasive response. "He didn't give an answer," Fury said. "In my opinion, he didn't want no smoke. He didn't look like he wanted it. He was shell-shocked." Fury emphasized that he has given Joshua the respect and space he deserves, especially after his recent personal tragedy. Joshua, on the other hand, appeared dismissive, stating "Contracts are being sent over and you’ll probably see us in the ring next, more than likely." When asked if he needed a warm-up fight, Joshua quipped, "Good question. That [Fury] could be a warmup fight, based on what I saw tonight." Fury dismissed the suggestion that Joshua needed a proper test against a real boxer before stepping into the ring with him. "It’s another stumbling block. He’s just knocked a man spark out," Fury said. "I’ve just come off a win. Let’s get it on. He’s 36. I’m 37. What’s the holdup?" The two fighters have had a long and complicated history, with Fury noting, "If it ain’t Anthony Joshua next I’m not interested in boxing. I’ll eat a thousand Easter eggs, go up to 35 stone. I’m out. It’s either him or I’m gone again. I’m not interested in up-and-comers. I’m not interested in someone trying to prove a point over me. I don’t care about rankings or belts. I only care now about AJ. That’s the defining fight for British boxing."
#Tyson Fury #Anthony Joshua #Arslanbek Makhmudov
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Sport Apr 10, 2026

2026 NFL Draft's Hidden Gems: Under-the-Radar Prospects to Watch

The 2026 NFL draft features a mediocre quarterback class and lacks fireworks at skill positions, bu…
The 2026 NFL draft is shaping up to be an interesting one, with a mediocre quarterback class and a lack of standout players at skill positions. However, amidst the uncertainty, several under-the-radar prospects have emerged as potential game-changers. Cole Payton, QB, North Dakota State, is a one-year starter with impressive athleticism, but his throwing mechanics need refinement. He could be a late-round pick with potential as a developmental quarterback or a do-everything offensive weapon.Chris Bell, WR, Louisville, is a big, physical receiver who excels on short routes and has the ability to create after the catch. Despite concerns about his injury history and penalty issues, Bell has the talent to make an impact outside the top 50 picks.Max Iheanachor, OT, Arizona State, is a mammoth tackle with exceptional size, athleticism, and strength. Despite being a relative newcomer to football, Iheanachor has shown promise and could sneak into the first round if teams bet on his raw talent.Caleb Banks, DL, Florida, is a disruptive defensive lineman with a rare combination of size, speed, and power. However, his persistent foot injuries and relatively muted production raise concerns about his durability and potential impact.Uar Bernard, DL, NFL International Player Pathway Program, is a 21-year-old Nigerian prospect with extraordinary athleticism, but it's unclear if he can translate his skills to the football field. Teams will likely take a chance on him in the seventh round, given his roster exemption and potential for development.
#his #who #but
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Sports Apr 09, 2026

Tyson Fury Eyes Anthony Joshua Bout After Makhmudov Comeback Fight

Tyson Fury aims to fight Anthony Joshua if he wins his comeback against Arslanbek Makhmudov, settin…
Tyson Fury, the 37-year-old British former heavyweight world champion, has come out of retirement for the fifth time in his career to face Canada-based Russian Arslanbek Makhmudov at the Tottenham Hotspur Stadium in London on Saturday. Fury is looking beyond this weekend's fight, expressing his desire to face Anthony Joshua in a long-awaited bout if he emerges victorious.In a recent interview with BBC Radio, Fury stated, “I’ve got Arslanbek Makhmudov to think of on Saturday night, but all going well [Joshua is] the fight I want next.” He also mentioned that he is ready for the fight immediately after his comeback bout.Joshua, 36, recently secured a sixth-round knockout victory over American Jake Paul in Miami. However, his plans for the next fight are still uncertain following a car accident in Nigeria that resulted in the death of two close friends.Meanwhile, American former WBC world champion Deontay Wilder has also called out Joshua for a matchup after beating Briton Derek Chisora on a split decision last Saturday. Boxing promoter Eddie Hearn has advised Joshua to take time to heal before considering another fight.Fury, who last fought in December 2024, losing to Ukraine's Oleksandr Usyk, dismissed the idea of a Joshua versus Wilder fight, describing their recent bout as sad to watch.
#Tyson Fury #Anthony Joshua #Arslanbek Makhmudov
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Sports Apr 09, 2026

Tyson Fury Vows Destructive Knockout in Return to Ring Against Arslanbek Makhmudov

Tyson Fury promises a destructive knockout against Arslanbek Makhmudov in his return to boxing at T…
Tyson Fury is set to make a highly anticipated return to the boxing ring on Saturday night, facing off against Arslanbek Makhmudov at Tottenham Hotspur Stadium in London. The Gypsy King, known for his bold claims and unorthodox style, has promised a destructive knockout to mark his comeback. “It’s going to be different because, for the first time in forever, I’m the hunter,” Fury declared at the fight’s final press conference. “I’m not the hunted, and we all know that when I’ve always been the hunter in the past, I’ve always fucked people up.” Fury, who announced his retirement from boxing in January 2025 but quickly reversed his decision, expressed his excitement about returning to the sport. He cited his long-term rival Anthony Joshua’s car crash in Nigeria as a defining moment that made him realize the importance of living in the present. Makhmudov, a formidable Russian opponent standing at 6 feet 7 inches and weighing 18 or 19 stone, seemed unfazed by Fury’s bold claims. “I’m happy and very excited to be here. I can’t wait for Saturday night,” he said. The Russian fighter from Dagestan added, “I don’t have pressure, because God prepared me for this moment all my life. I believe this is my time.” Fury, known for his bombastic delivery, also expressed sympathy for his opponent, stating, “I actually feel sorry for Makhmudov because I’m going to make an example of him. He’s a big lump, but I’ll knock his head right off his shoulders.”
#Tyson Fury #Arslanbek Makhmudov #Tottenham Hotspur Stadium
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Economy Apr 08, 2026

Africa's Economic Resilience Tested as Iran Conflict Sparks Oil Shock

The article explores the potential impact of an Iran war on Africa's economy, particularly in relat…
The looming conflict in Iran has raised concerns about the potential impact on global oil prices, which could have far-reaching consequences for Africa's economy. As a significant importer of oil, the continent is vulnerable to fluctuations in the global market. Rising oil prices could lead to increased inflation, reduced economic growth, and a decline in living standards for many Africans.Africa's economic resilience will be put to the test as the conflict in Iran threatens to disrupt global oil supplies. The continent's dependence on oil imports makes it particularly susceptible to price shocks. Countries with large oil imports, such as South Africa and Nigeria, will be among the hardest hit.The article highlights the need for Africa to diversify its economy and reduce its reliance on oil imports. Investing in renewable energy sources and developing domestic industries could help mitigate the impact of future oil shocks. However, the continent's ability to adapt to these changes remains uncertain.
#Africa #Iran #OPEC
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