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…
Month: August 2026
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…
Nigeria’s Oil Import FX Demand Soars 115% Despite Rising Local Refining
Nigeria’s foreign exchange demand for oil-sector imports jumped by 114.91 per cent to $4.86bn in 2025, underscoring the country’s continued…
Tanzania Courts Dangote for Fresh Fertiliser, Energy Investments
Tanzania is stepping up efforts to attract fresh investments from the Dangote Group, with the East African nation targeting opportunities…
Global Stocks Rally as Weak US Jobs Data Eases Fed Rate Hike Fears
Global stocks started the week on a stronger footing as fresh US jobs data eased fears that the Federal Reserve…
Recapitalisation: Anxiety grows as NAICOM decides fate of eight insurers
Anxiety is building across Nigeria’s insurance sector as eight insurers remain under regulatory review, days after the National Insurance Commission…
Tinubu Backs NGX Push to Expand Capital Market, Attract New Listings
President Bola Tinubu has thrown his weight behind fresh efforts to expand Nigeria’s capital market, as the Nigerian Exchange Group…
CBN Cancels N700bn T-Bills Auction as Banking System Faces Liquidity Squeeze
The Central Bank of Nigeria (CBN) has cancelled its planned N700bn Treasury Bills auction, a move that has drawn attention…
Nigeria Spends N3.14trn Servicing Domestic Debt in Q1 2026 – DMO
Nigeria’s domestic debt bill continued to climb in the first quarter of 2026, with the Federal Government spending N3.14 trillion…
Nigeria’s Tax Revenue Soars to N27.1tn as Collections Jump 113%
Nigeria’s tax revenue has more than doubled in less than three years, climbing from N12.3tn in 2023 to N27.1tn by…
Financial, Oil Stocks Drive NGX Trading as Shares Worth N139bn Change Hands
Trading activity on the Nigerian Exchange (NGX) picked up in volume last week as investors exchanged 5.35 billion shares valued…
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…
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…