Grindr’s AI Strategy Pays Off as Premium Edge Tier Surprises CEO
Grindr’s aggressive investment in artificial intelligence is beginning to show results, with the LGBTQ-focused dating platform reporting stronger revenue, higher…
Day: August 7, 2026
African Startup Funding Crashes 80% as Investors Turn to Debt
African startup funding suffered a major setback in July 2026, falling to just $102.2 million as investors became increasingly cautious…
Fuel Subsidy Cost Nigeria N1.16tn in 2021 as Senate Panel Threatens Auditor-General
Nigeria’s fuel subsidy bill hit a staggering N1.16 trillion in 2021, as the Senate’s ongoing investigation into the oil and…
India Turns to Nigeria for 4 Million Barrels as US-Iran Crisis Disrupts Oil Supply
India is turning increasingly to Nigeria for crude oil as growing tensions linked to the US-Iran crisis continue to disrupt…
CBN Survey: Multiple Taxation Remains Nigeria’s Biggest Business Headache
Businesses across Nigeria are still struggling under the weight of multiple taxes and levies, despite the Federal Government’s sweeping tax…
Naira Holds Firm at N1,367/$ as CBN Steps Up Dollar Support
The Nigerian naira continued to show resilience in the foreign exchange market, trading around N1,367 to the US dollar as…
Africa50 Secures $50m to Fast-Track Green Infrastructure Across Africa
Africa50 has secured $50m in fresh funding from two international development finance institutions to speed up the development of climate-resilient…
BOI Opens N250bn Bond Offer to Boost Business Funding Across Nigeria
The Bank of Industry (BOI) has opened subscriptions for a N250bn bond aimed at raising long-term funding for businesses and…
SEC Moves to Unlock Billions in Unclaimed Assets, Protect Investors
The Securities and Exchange Commission (SEC) is stepping up efforts to tackle Nigeria’s growing unclaimed financial assets with a new…
S&P 500 Futures Hold Steady as Wall Street Awaits Key July Jobs Report
S&P 500 futures were little changed early Friday as investors kept their eyes on the highly anticipated July jobs report,…
NGX Introduces New Stock Price Rules as Changes Take Effect August 17
The Nigerian Exchange Limited (NGX) is set to introduce a new pricing methodology for equities trading from August 17, 2026,…
Africa’s Capital Markets Rally as Investors Bet on the Continent’s Growth Story
Africa’s financial markets are showing fresh signs of momentum as investors increasingly back the continent’s growth prospects, even as major…
Cameroon Cocoa Production Falls 20% as Exports and Earnings Slide
Cameroon’s cocoa industry has suffered a sharp setback, with Cameroon cocoa production falling by 20% in the 2025/26 season as…
Ghana’s Inflation Falls to 4.6% as Food Prices Ease, Boosting Economic Recovery
Ghana’s inflation rate took a welcome step downward in July, falling to 4.6% from 5.3% in June and marking the…
BoG Orders Banks to Cut Bad Loans to 10% by December
The Bank of Ghana (BoG) has ordered banks and other regulated financial institutions to reduce their non-performing loans (NPLs) ratio…
GH¢2 Diesel Price Cut Won’t Reduce Government Revenue, Minister Explains
The government’s GH¢2 per litre reduction in diesel prices will not result in a loss of government revenue, Minister of…
Kenya’s Private Sector Hiring Hits 2026 High as New Orders Lift Business Confidence
Kenya’s private sector is showing fresh signs of recovery, with companies increasing hiring in July at the fastest pace recorded…
Dangote Refinery Overtakes U.S. as Europe’s Biggest Jet Fuel Supplier
Dangote Petroleum Refinery has strengthened Nigeria’s position in the global energy market after emerging as Europe’s largest supplier of jet…
FG Rolls Out 60.82MW Renewable Power Projects as Yobe Gets New Solar Mini-Grids
The Federal Government is stepping up efforts to tackle Nigeria’s electricity challenges with the rollout of 60.82MW renewable power projects…
SEC Intensifies Push to Recover Unclaimed Investments Worth Billions
The Securities and Exchange Commission (SEC) has stepped up its efforts to help Nigerians recover unclaimed funds, dormant investments and…
Five Insurers Step Up Capital Drive as NAICOM Deadline Push Intensifies
Five Nigerian insurance companies are making a final push to secure full compliance with the National Insurance Commission’s (NAICOM) new…