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…
Yearly Archives
2026
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…
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…
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…
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…
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…
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…
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…
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,…
Kenya’s Private Sector Hiring Hits 2026 High as New Orders Lift Business…
Kenya’s private sector is showing fresh signs of recovery, with companies increasing hiring in July at the fastest…
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…
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…
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,…
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…
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 with the…
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…
IMF Urges Ghana to End Quasi-Fiscal Activities After GH¢22 Billion Gold Programme…
The International Monetary Fund (IMF) has called on Ghana to permanently end quasi-fiscal activities after the Bank…
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…
PMI: Agriculture records 24th consecutive month of growth as private sector…
Nigeria's private sector continued its steady recovery in July 2026, with the Central Bank of Nigeria (CBN)…
CBN Reports Stronger Loan Demand as Nigerian Banks Record Fewer Defaults in Q2…
Nigeria's banking sector showed renewed strength in the second quarter of 2026 as demand for loans increased while…
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…
World Bank Urges Developing Nations to Invest in Power and Internet to Unlock AI’s…
The World Bank has called on developing countries to make urgent investments in electricity, internet connectivity,…
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…
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…
Banking stocks lift Nigerian market by N70.6 billion despite consumer goods…
The Nigerian stock market ended Wednesday’s trading session on a positive note, with banking stocks helping…
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…
Tinubu Credits Economic Reforms for Record Profit Growth of NGX Companies in H1…
President Bola Tinubu has attributed the impressive financial results posted by several companies listed on…
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…