Kenya Approves First Local Banking ETF as KSh 1.64 Trillion Sector Draws Investors
Kenya is opening a new door for investors looking to tap into its booming banking industry, after the Capital Markets…
Nigeria’s Oil and Gas Sector Gets Fresh Boost as Stakeholders See Brighter Future
Nigeria’s oil and gas sector may be entering a new chapter as regulators, industry operators and investors point to recent…
53.7 Million Barrels of Crude Oil Supplied to Nigerian Refineries in Q2 2026
Nigeria’s domestic refining sector received a major boost in the second quarter of 2026, as 53.7 million barrels of crude…
China’s ‘Teapot’ Refineries Set to Boost Iranian Oil Purchases as Stockpiles Fall
China’s independent oil refiners, widely known as “teapots,” could be preparing to make a major return to the Iranian crude…
Nigeria’s Domestic Debt Service Jumps 20% to N3.14tn as Interest Costs Surge
Nigeria’s domestic debt burden is getting more expensive, with debt service rising by 20.3 percent to N3.14 trillion in the…
Nigeria Targets Full Local Crude Refining by 2030 as Dangote Refinery Expands
Nigeria is moving toward a major shift in its oil industry, with plans to refine all of its crude oil…
Nigeria’s Internet Boom Hits ₦6.6tn as Data Consumption Soars
Nigeria’s growing appetite for the internet has reached a staggering level, with data consumption estimated at ₦6.6tn over the 12…
CardinalStone, Finmal Finance and Lambeth Capital Lead NGX Trading Rankings
The Nigerian Exchange Limited (NGX) recorded another week of concentrated trading activity as CardinalStone Securities Limited, Finmal Finance Company Limited…
OpenAI Launches GPT-5.6-Cyber as AI-Powered Cyberattacks Surge
Artificial intelligence is rapidly changing the cybersecurity battlefield, and OpenAI is responding with a new model designed to help defenders…
Nigeria Pushes for Local Ownership as Fintech Giants Eye Foreign Listings
Nigeria is looking to give local investors a bigger slice of the country’s booming fintech industry as major players such…
FX Reforms Begin to Stabilise Nigeria’s Economy, Says NRS Chairman
Nigeria’s foreign exchange reforms are beginning to reshape the country’s economy, with the Chairman of the Nigeria Revenue Service, Zacch…
SEC Launches Nationwide Campaign to Help Nigerians Recover Unclaimed Dividends, Inherited Investments
The Securities and Exchange Commission (SEC) has launched a nationwide awareness campaign to help Nigerians recover unclaimed dividends and investments…
Tinubu unveils plan to double Nigeria’s $32bn livestock economy, promotes ranching, dairy investment
President Bola Tinubu has unveiled an ambitious plan to more than double Nigeria’s livestock economy from an estimated $32 billion…
Nigeria’s Consumer Credit Slumps by ₦939bn as High Rates Squeeze Households
Nigeria’s consumer credit market has suffered a major ₦939 billion decline, highlighting growing pressure on household spending and raising fresh…
Oil Prices Surge as Hopes for Strait of Hormuz Deal Fade
Oil prices extended their sharp rally on Tuesday as hopes of a quick resolution to the crisis around the Strait…
Recapitalisation Row: FG Orders NAICOM to Suspend Disputed Insurance Fees
The Federal Government has stepped into a growing dispute between the National Insurance Commission (NAICOM) and two state-owned insurance companies…
Dangote Refinery Challenges NUPRC Over 15.5m Barrels of Crude Oil
A fresh dispute has emerged between the Dangote Petroleum Refinery and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) over crude…
Nairobi Satellite Town Land Outperforms Stocks and Bonds in 18-Year Investment Race
Land in Nairobi’s satellite towns has emerged as one of Kenya’s strongest long-term investment performers, turning a KSh 1 million…
Tanzania Opens Government Bond Market to Global Investors
Tanzania has opened its domestic government securities market to investors around the world, marking a major shift in its approach…
NERC Dissolves Kaduna DisCo Board Over ₦456.5bn Debt Crisis
The Nigerian Electricity Regulatory Commission (NERC) has dissolved the board of Kaduna Electricity Distribution Plc (KAEDC) following a deepening financial…
NGX Sets New Equity Pricing Rules to Curb Market Distortions
The Nigerian Exchange Limited (NGX) is set to introduce a new equity pricing framework from August 17, 2026, in a…
SEC Urges FCTA to Tap N217trn Capital Market for Abuja Infrastructure
The Securities and Exchange Commission (SEC) has called on the Federal Capital Territory Administration (FCTA) to take advantage of Nigeria’s…
S&P 500 Futures Edge Higher as Markets Watch Hormuz Deal and Inflation Data
U.S. stock futures started Monday slightly higher as investors balanced fresh hopes for a deal involving the Strait of Hormuz…
Fuel Subsidy Could Have Sent Naira to ₦3,500/$, NRS Chairman Says
Nigeria’s fuel subsidy could have ballooned to about ₦53 trillion and pushed the naira exchange rate to around ₦3,500 per…
Nigeria Moves to Tackle Crude Shortages as Refineries Face Supply Pressure
Nigeria is taking fresh steps to address crude oil supply shortages to local refineries, as the Nigerian Midstream and Downstream…
Iran Blocks US Talks as Strait of Hormuz Uncertainty Threatens Oil Prices Again
Oil prices could be heading for another sharp rise after Iran ruled out resuming direct negotiations with the United States,…
Nigeria Sets Sights on Africa’s $1tn AI Economy as GITEX NIGERIA Returns
Nigeria is making a stronger push to capture a larger share of Africa’s fast-growing artificial intelligence economy, with the government…
AI Safety Tests Are Becoming a New Cybersecurity Risk
The race to build more powerful artificial intelligence is creating an unexpected problem: the very tests designed to make AI…
Hormuz Tensions Escalate as New Tanker Strike Report Sends Oil Markets on Edge
Tensions around the Strait of Hormuz have taken another worrying turn after reports emerged that a tanker was struck and…
FG Launches Bridge OA to Drive Nationwide Fibre Network Rollout
The Federal Government has taken a major step toward expanding internet access across Nigeria with the incorporation of Bridge Open…