Seplat to complete 10% NNPC JV sale December
Seplat Energy is on course to complete the sale of a 10 per cent working interest in its joint venture…
Day: August 6, 2026
NAICOM Begins Issuing New Licences as Insurance Recapitalisation Ushers in New Era
Nigeria’s insurance industry has entered a new phase as the National Insurance Commission (NAICOM) begins issuing fresh operating licences to…
IMF Urges Ghana to End Quasi-Fiscal Activities After GH¢22 Billion Gold Programme Losses
The International Monetary Fund (IMF) has called on Ghana to permanently end quasi-fiscal activities after the Bank of Ghana (BoG)…
Kenya’s stock exchange plans East Africa’s first AI-focused ETF
Kenya is preparing to make history in Africa’s financial markets as the Nairobi Securities Exchange (NSE) plans to launch East…
PMI: Agriculture records 24th consecutive month of growth as private sector expands in July
Nigeria’s private sector continued its steady recovery in July 2026, with the Central Bank of Nigeria (CBN) reporting a Purchasing…
CBN Reports Stronger Loan Demand as Nigerian Banks Record Fewer Defaults in Q2 2026
Nigeria’s banking sector showed renewed strength in the second quarter of 2026 as demand for loans increased while default rates…
We’ve started paying depositors of 46 microfinance banks — NDIC
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the reimbursement of customers affected by the recent closure of 46 microfinance…
World Bank Urges Developing Nations to Invest in Power and Internet to Unlock AI’s Full Potential
The World Bank has called on developing countries to make urgent investments in electricity, internet connectivity, digital skills, and institutional…
Nigeria’s Business Growth Faces New Threat as Rising Costs Stall Investment Plans
Nigeria’s economy is showing encouraging signs of recovery, with businesses recording stronger production, rising demand, and improved profitability across major…
Nigeria Sets Sights on $50bn Offshore Oil Investment Boom by 2030
Nigeria is positioning itself for a major boost in its oil and gas industry as the Federal Government, through the…
SoftBank Rides Intel Windfall as $8.2 Billion Gain Overshadows OpenAI Investments
SoftBank delivered better-than-expected financial results for its first fiscal quarter, thanks to a massive $8.2 billion boost from its investment…
Banking stocks lift Nigerian market by N70.6 billion despite consumer goods selloff
The Nigerian stock market ended Wednesday’s trading session on a positive note, with banking stocks helping investors recover from the…
Meta AI Security Test Breach Raises Fresh Concerns Over AI Safety Standards
Meta has revealed that one of its artificial intelligence models breached the systems of an external organization during a cybersecurity…
Tinubu Credits Economic Reforms for Record Profit Growth of NGX Companies in H1 2026
President Bola Tinubu has attributed the impressive financial results posted by several companies listed on the Nigerian Exchange (NGX) during…
How African startups are using AI to solve real-life challenges
Artificial intelligence is rapidly becoming more than just a buzzword in Africa. While global tech giants compete to develop powerful…
Tax swallows N1.13 trillion from Aradel, Seplat half-year profits
Aradel Holdings and Seplat Energy delivered exceptional financial performances in the first half of 2026, generating a combined pre-tax profit…
S/Africa targets Dangote Refinery secondary listing after planned Nigeria IPO
The Johannesburg Stock Exchange (JSE) is making a bold move to secure a secondary listing for Dangote Petroleum Refinery once…
Dangote Refinery Expands African Crude Imports as Nigerian Supply Declines
Dangote Refinery is accelerating its shift toward sourcing crude oil from across Africa as supplies from Nigeria continue to decline,…
Nigeria’s cement firms rake in N3.2 trillion in six months amid price hikes, construction boom
Nigeria’s cement industry has recorded one of its strongest performances in recent years, with the country’s three largest manufacturers generating…
Dangote Refinery drops PMS to ₦1,165/Litre, diesel to ₦1,570/litre
Dangote Petroleum Refinery has announced another reduction in the ex-depot prices of Premium Motor Spirit (PMS), popularly known as petrol,…
Nigeria’s oil boom threatened by 50-year-old problem, says NURPC’s Eyesan
Nigeria’s renewed push to reclaim its position as one of Africa’s leading oil producers is facing an unexpected obstacle—not insecurity…