Emerging Markets

IMF urges Nigeria, AU’s largest economies to deepen fiscal, monetary, governance reforms

The International Monetary Fund (IMF) has called on Nigeria and other major African economies to deepen reforms across fiscal poli…

Cloud dependence exposes African AI startups to hidden cost risks – Expert

African AI startups could be exposed to hidden financial and operational risks from their dependence on cloud computing providers,…

MTN to develop 150MW AI data centres in Nigeria, South Africa with UAE-backed investor

MTN Group plans to develop AI-enabled data centres with an initial capacity of about 150 megawatts (MW) across Nigeria and South A…

Nigeria has bought macroeconomic stability. Now it must make it worth the price

Nigeria has spent three years paying for economic stability. Now it must show what the purchase was for. The reforms read more Nig…

Nigeria's new Personal Pension Plan targets informal sector capital

The National Pension Commission has introduced a voluntary Personal Pension Plan to capture savings from Nigeria's vast informal w…

EUROS · 3d ago · Nigeria

BusinessDay 26th Aug 2026

WORLD IN BRIEF:Canada hits US with 50% tariffs, China rejects Iran sanctions, Tanzania VP resigns and other stories

Canada retaliates with 50% tariffs as US trade war escalates Canada has announced retaliatory tariffs of up to 50 percent read mor…

Reforms fail to lift Nigeria’s manufacturing beyond 9% GDP in 10 years

Nigeria’s manufacturing sector has remained trapped in single-digit contribution to the nation’s Gross Domestic Produc…

New assessment rules: FG mandates digital CA portals for WAEC, NECO

The federal government has rolled out uniform continuous assessment (CA) guidelines that compel the West African Examinations Coun…

Music veteran Dolly Parton dies at 80

Dolly Parton, the American country music star whose career spanned nearly six decades across music, film, television and business,…

Dolly Parton: Country legend who turned rags into gold, dies at 80

Dolly Parton, who turned rags into a coat of many colours and wore it to the stars, has died in read more Dolly Parton: Country le…

MTN Group eyes banking licences as lending becomes its next big bet

Africa’s largest telecoms operator, MTN Group, is exploring banking licences in select markets as it considers expanding its lendi…

FG trains 500 women, youths in Ogun to boost vegetable production

The Federal Government has trained 500 women and youths in Ogun State on modern vegetable production techniques as part of read mo…

Tax Ombud’s drive to increase compliance gets NBA support

Nigerian lawyers have reaffirmed the pivotal role of taxation as a major source of government revenue for infrastructure developme…

Moniepoint pulls plug on MonieWorld after 14 months, refocuses on Nigeria, Kenya

Moniepoint is winding down MonieWorld, its UK-based remittance business, just 14 months after launch, in a strategic retreat from …

Moniepoint winds down UK remittance business MonieWorld

Moniepoint Inc. has announced plans to transition its UK-based remittance business, MonieWorld, as the fintech group redirects cap…

How Carlos Baleba’s arrival could transform Man United’s midfield

Manchester United have completed the signing of Cameroon midfielder Carlos Baleba from Brighton in a deal worth £70 million, addin…

Customs names Olusola Salako Acting Controller of Lilypond Export Command

The Nigeria Customs Service (NCS), Lilypond Export Command, has named Deputy Comptroller Olusola Salako as its Acting Customs Area…

Telecoms giant MTN eyes banking licences as it pushes deeper into lending

Africa’s largest telecoms operator MTN Group is exploring banking licences in select markets as the company looks to expand …

Victoria Island to deliver 602 new homes in 2026 amid rising Lagos rents

Victoria Island is expected to deliver more than 602 residential units in 2026 as developers continue to expand housing supply acr…

Universal Insurance drags NAICOM to court, secures leave to challenge licence revocation

Universal Insurance Plc has commenced legal action against the National Insurance Commission (NAICOM) following the revocation of …

Nigeria, Ghana drive MTN’s cash flow rebound as funds return to Johannesburg

MTN Group sees financial recovery as Nigeria and Ghana emerge as major contributors to the South African telecom giant’s cash read…

Dangote plans ship acquisitions to beat Nigeria’s export vessel shortage

Africa’s richest man could not find a single ship to transport just 1,000 tonnes of his cement from Nigeria to read more Dangote p…

Foremost Capital secures BBB+ rating as asset base, earnings strengthen

Foremost Capital Limited has secured a BBB+ credit rating from DataPro, an independent Nigerian credit-rating and compliance consu…