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…
Nigeria Tightens Crypto Regulations as Government Unveils New Tax Rules for Virtual Assets
The Nigerian government has introduced new taxation guidelines for cryptocurrencies and other virtual assets, marking a major step toward regulating…
China Relaxes Fuel Export Restrictions as Global Energy Supply Crisis Intensifies
China has taken a significant step toward easing pressure on the global energy market by partially lifting the fuel export…
China Relaxes Fuel Export Restrictions as Global Energy Supply Crisis Intensifies
China has taken a significant step toward easing pressure on the global energy market by partially lifting the fuel export…
Chinese Open-Weight AI Model Closes the Performance Gap, But Raises New Safety Concerns
The race to build the world’s most capable artificial intelligence systems has entered a new phase as China’s open-weight AI…
NITDA Launches Sovereign Cloud Initiative to Accelerate AI and Data Centre Growth
The National Information Technology Development Agency (NITDA) has taken a significant step toward strengthening Nigeria’s digital economy by signing key…
S&P 500 and Dow futures tick higher after record day on Wall Street
Wall Street looked set to extend its winning streak on Wednesday after the S&P 500 and Dow Jones Industrial Average…
Nigerian Stock Market Loses N599bn as Sell-Off Hits Nestlé, First Holdco, NGX Stocks
The Nigerian stock market returned to negative territory on Wednesday after investors wiped out N599 billion in market value through…
Lekki Port Boosts Global Trade as MSC Launches Weekly Shipping Service
Lekki Port has taken another major step toward strengthening Nigeria’s international trade network with the arrival of the Mediterranean Shipping…
African Alliance submits recapitalisation plan to NAICOM after handover
African Alliance Insurance Plc has confirmed that it has officially submitted its recapitalisation plan to the National Insurance Commission (NAICOM),…
Nairobi Securities Exchange Tops KSh4 Trillion as Safaricom, Banks Fuel Historic Market Surge
The Nairobi Securities Exchange (NSE) has reached a historic milestone, surpassing KSh4 trillion in total market capitalization for the first…
Afreximbank Loans US$190 million to Zimbabwe’s CBZ Bank
The African Export-Import Bank (Afreximbank) has strengthened its commitment to Zimbabwe’s economic growth by approving financing facilities worth $190 million…
CBK Set to Hold Interest Rates Steady as Inflation Eases and Economic Growth Slows
The Central Bank of Kenya (CBK) is widely expected to maintain its benchmark interest rate at its August 2026 Monetary…
Dangote eyes $5bn IPO to finance refinery expansion
Africa’s richest businessman, Aliko Dangote, is preparing for what could become the continent’s largest stock market listing as Dangote Petroleum…
CBN says naira FX gap falls below 2% as reserves top $52.5 billion
The Central Bank of Nigeria (CBN) has announced that its monetary and foreign exchange reforms are beginning to deliver measurable…
World Bank: AI Adoption Among Nigerian Firms Up 40%
Nigeria has emerged as one of Africa’s fastest-growing artificial intelligence markets after the World Bank revealed that AI adoption among…
Nigerian Stock Market Loses N599 Billion as Nestlé, First HoldCo Lead Massive Sell-Off
The Nigerian stock market suffered a major setback on Tuesday, wiping out approximately N599 billion in market value as investors…
SpaceX Revenue Soars 92% as Starlink and AI Deals Drive Record Growth
SpaceX has reported a remarkable financial performance in its first quarterly earnings since becoming a publicly traded company, with revenue…
Nigeria’s $4.5bn Oil-Backed Loan Refinancing Set to Boost Naira, Strengthen Foreign Reserves
Nigeria’s efforts to stabilize the naira have received a major boost after the National Economic Council (NEC) approved the refinancing…
Oil Prices Slide Below $80 as Hopes for US-Iran Deal Boost Market Confidence
Global oil prices suffered a sharp decline on Tuesday, with Brent crude falling below the $80-per-barrel mark for the first…
CBN Cuts Government Financing as Assets Surge Above N138 Trillion in Push for Economic Stability
The Central Bank of Nigeria (CBN) has taken another major step toward strengthening the country’s economy by reducing its financial…
Cheaper Latin American Crude Puts Nigeria’s European Oil Market at Risk
Nigeria’s long-standing position as one of Europe’s preferred crude oil suppliers is facing increasing pressure as cheaper crude from Brazil…
TotalEnergies Takes Nigeria to Court Over $554 Million Petroleum Tax Dispute
French energy giant TotalEnergies has taken fresh legal action against Nigeria’s tax authorities and the Nigerian National Petroleum Company (NNPC),…