EABL Raises KSh 16.7 Billion in Oversubscribed Bond Listing on Nairobi Securities Exchange
East African Breweries Plc (EABL) has successfully listed the first tranche of its Medium-Term Note (MTN) Programme on the Nairobi…
Category: Business
Ghana’s Public Debt Hits GH¢684.6bn in Q3 2025 Despite Strong Year-Long Decline
Ghana’s public debt rose to GH¢684.6 billion in the third quarter of 2025, marking an increase of GH¢71.6 billion compared…
GM Faces Major Tech Leadership Shakeup as New Product Chief Restructures Software Division
General Motors is undergoing a significant shakeup inside its technology leadership ranks, with three senior executives departing in just one…
Dangote Refinery Denies Claims of Exporting Off-Spec Diesel Amid Rising Quality Concerns
Dangote Refinery has firmly denied allegations that it exported off-specification diesel to European markets, following reports that buyers were rejecting…
GenCos Set to Gain Foreign Exchange from West Africa Power Pool Amid Market Shifts
Nigerian power generation companies (GenCos) are poised to reap foreign exchange (FX) benefits through participation in the West Africa Power…
First Ally Capital Invests N2bn in First Holdco Shares Amid Rising Market Confidence
First Ally Capital Limited, an investment firm linked to Ebenezer Olufowose, chairman of First Bank of Nigeria Limited, has deepened…
BUA Cement, Cadbury Sell-Offs Drag Nigerian Exchange by N444bn
Sell-offs in major stocks, including BUA Cement (-4.76%), Cadbury (-9.92%), and Meyer (-9.91%), sent shockwaves through the Nigerian Exchange Limited…
NNPC/Heirs Energies OML 17 Boosts Gas Supply to 135MMscf, Powering Nigeria’s Eastern Network
The NNPC/Heirs Energies OML 17 Joint Venture (JV) has achieved a major breakthrough in Nigeria’s gas sector, doubling its gas…
Private Sector Credit Surges N1.88 Trillion After September Rate Cut
Credit to Nigeria’s private sector rose sharply in October 2025, climbing to N74.41 trillion from N72.53 trillion in September, according…
Nigerian Breweries Increases Product Prices Amid Rising Operational Costs
Nigerian Breweries Plc has announced a price increase across its range of beverages, including Star Lager, Gulder Lager, Budweiser, and…
Bank of Ghana Targets Deeper Lending Rate Cuts to Boost Private-Sector Growth
The Bank of Ghana (BoG) is stepping up efforts to bring down lending rates, with Governor Dr. Johnson Asiama reaffirming…
SEC Orders Capital Market Operators to Fully Comply with ISA 2025 by January 2026
The Securities and Exchange Commission (SEC) has directed all Capital Market Operators (CMOs) to declare their compliance level and ensure…
European Markets Open Mixed as Investors Weigh Global Economic Outlook
European markets are set for a mixed and cautious start on Thursday as investors take a moment to assess both…
Dangote Refinery Cuts Nigeria’s Malta Petrol Imports by 60% as Local Supply Surges
Nigeria’s petrol imports from Malta have fallen sharply, dropping by 60 percent in 2024, as the Dangote Petroleum Refinery ramps…
AfDB Approves $500m Loan to Boost Nigeria’s Energy Reforms and Fiscal Stability
The African Development Bank has approved a fresh $500 million loan to support Nigeria’s ongoing economic governance and energy transition…
High Lending Rates in Nigeria Strangling Production, MAN Urges CBN to Cut Interest Rates
The Manufacturers Association of Nigeria (MAN) has raised fresh concerns over the country’s high lending rates, warning that steep borrowing…
Nigeria’s Creative Economy: Experts Explore Models to Drive Social Impact and Investment
Leading experts and industry stakeholders convened in Lagos to explore practical strategies for harnessing Nigeria’s rapidly growing creative economy. The…
Ghana Poised for Major Interest Rate Cut as Inflation Falls to Four-Year Low
Ghana is preparing for what could be its third consecutive major interest rate cut, as the country’s inflation continues to…
Nigeria’s monthly trade surplus falls 35% to $1.39bn
The Nigerian equities market staged an impressive rebound on Tuesday, recovering N95 billion in market capitalization after six straight sessions…
Analysts Warn CBN’s 27% MPR Could Stifle Growth as Businesses Face Rising Credit Pressures
The Central Bank of Nigeria’s (CBN) decision to keep the Monetary Policy Rate (MPR) at 27 percent has sparked fresh…
Experts Advocate Innovation and Partnership for Sustainable Digital Transformation in Africa
In a bid to foster an inclusive and sustainable digital ecosystem, Adeyinka Adedokun, CEO and Principal Consultant of Avetium Consult…
Africa’s $100 Billion SME Credit Gap Spurs Banks and Fintechs into Strategic Partnerships
Africa faces an estimated $100 billion shortfall in credit for small and medium enterprises (SMEs), prompting banks, fintech startups, and…
Oil Prices Rise After One-Month Low Amid Signs of Ukraine-Russia Peace Progress
Oil prices edged higher on Wednesday, rebounding slightly after falling to a one-month low in the previous session, as markets…
Nigeria Reaffirms Commitment to Global Aviation Safety at 42nd ICAO Assembly
Nigeria has reinforced its commitment to global aviation safety standards as its delegation, led by Minister of Aviation and Aerospace…
Dollar Weakens as U.S. Economic Data Fuels Expectations of December Fed Rate Cut
The U.S. dollar weakened on Tuesday as a mix of economic indicators, some delayed due to the recent government shutdown,…
Nigeria to save millions in FX as export tests get global approval
Nigeria is set to save millions of dollars in foreign exchange after the Nigeria National Accreditation System (NINAS) received global…
Nigeria Champions Africa’s Digital Sovereignty and Regional Collaboration at ICEGOV 2025
Nigeria has once again positioned itself at the forefront of Africa’s digital transformation, as the Director-General of the National Information…
NGX Rebounds After Six-Day Slump, Adds N94.47bn in Market Value
Bullish trading returned to the Nigerian Exchange Limited (NGX) on Tuesday, breaking a six-day losing streak that had dented investor…
European Stocks Poised to Rise as Fed Rate Cut Expectations Grow Ahead of UK Budget
European stocks are set to open higher on Wednesday as investor expectations build for a potential U.S. Federal Reserve interest…
Champion Breweries Launches N15.91bn Rights Issue to Boost Growth
Champion Breweries Plc has officially launched a N15.91 billion rights issue, inviting its qualified shareholders to participate in the capital-raising…