Domestic air travel fares in Nigeria increased by 20.8 percent year-on-year in May 2026, reaching N157,552 compared to N130,361 in May 2025, according to the National Bureau of Statistics (NBS). The NBS also reported fare increases across other transport categories in its latest Transport Fare Watch.

Africa's banking sector is approaching the latter half of 2026 with a cautiously optimistic outlook, as it faces macroeconomic pressures such as persistent inflation, high interest rates, and currency volatility. Industry analysts note that while the sector appears resilient, these challenges complicate financial planning for banks across the continent. In response, many banks are increasingly focusing on digital transformation to adapt to the changing economic landscape.

The World Bank has indicated that the economic recovery in Sub-Saharan Africa is losing momentum, projecting a growth rate of 4.1 percent for 2026, the same as in 2025. This figure represents a downward revision of 0.3 percentage points from a previous forecast of 4.4 percent, as noted in the latest Africa Economic Update released in April.

The Airline Operators of Nigeria (AON) is advocating for a review of aviation taxes and an economic boycott of South Africa. This initiative arises amid increasing operational costs faced by Nigerian airlines and broader concerns regarding sustainability in the industry, alongside renewed xenophobic attacks in South Africa that have sparked criticism from Nigerians.

According to PwC, family-owned businesses in Africa have shown greater resilience than those globally, with 66% reporting sales growth in the past year despite facing inflation, tax challenges, and economic uncertainty. This performance highlights the strength of African family businesses in a challenging economic environment.

Sustainable aviation fuel development in Africa is transitioning from pilot initiatives to early-stage project planning, driven by emerging demand and policy signals. Currently, most activities are focused on feasibility and financing stages, indicating a gradual progression toward potential future production capacity.