Emerging Markets

Africa finance corporation launches infrastructure climate-resilient fund Nigeria to mobilise domestic institutional capital

AFC Capital Partners (ACP), the asset management subsidiary of Africa Finance Corporation (AFC), has launched the Infrastructure C…

Chioma afe calls for sustainability beyond csr, positions it as risk management tool

Businesses have been urged to move beyond treating sustainability as a standalone corporate social responsibility (CSR) function a…

BusinessDay 25th Aug 2026

Electricity subsidy trap leaves 9 of 11 DisCos on government life support

…N3trillion aid in 31 months When Nigeria’s electricity regulator dissolved the board of Kaduna Electricity Distribution Com…

Private capital bets on Nigeria’s $4bn steel gap

After decades of false starts at Ajaokuta, private investors are stepping in with $2.72 billion in new commitments to address read…

WORLD IN BRIEF:UK backs Ukraine, UN peacekeepers killed, Ghana GoldBod faces funding crunch and other stories

Burnham vows continued Ukraine support despite Russian threats Andy Burnham, the UK Prime Minister, has pledged continued support …

Why African stocks are beating global markets

African stock markets are having a rare moment in the global investment spotlight. From Nigeria and Ghana to Tunisia and read more…

AFC targets $150m fund to unlock Nigeria’s domestic capital for infrastructure

AFC Capital Partners (ACP), the asset management subsidiary of Africa Finance Corporation (AFC), has launched the Infrastructure C…

Court of Appeal overturns ruling against Presco’s AGM, rights issue

The Court of Appeal in Benin has overturned a Federal High Court ruling that had affected Presco Plc’s 2025 Annual General Meeting…

Nigeria eyes $21bn investment from Bonga South-West Aparo Project

…as NNPC, OML 118 contractor parties execute PSC, DSA Addenda The Nigerian government expects to unlock at least $21 billion…

Tinubu tasks LG chairmen on inclusive governance

President Bola Tinubu on Monday, charged local government chairmen across the country to uphold fairness, equity and inclusiveness…

Nigerian equities sustain bearish run with N137.12 billion losses ahead of Eid-Ul-Mawlid break

The Nigerian equities market extended its bearish trajectory into the third straight week on Monday, August 24, 2026, losing N137.…

Obi rejects Atiku’s subsidy plan, faults mismanagement of savings

Peter Obi, 2027 Presidential candidate of the Nigerian Democratic Party, NDC has disagreed with African Democratic Congress (ADC) …

Otedola increases First HoldCo stake with fresh N12.58 billion share acquisition

Chairman of First HoldCo Plc, Femi Otedola, has increased his stake in the financial services group following the acquisition of a…

Oba Ladoja seeks bigger role for traditional rulers in Nigeria’s security

Olubadan of Ibadanland, Oba Rashidi Adewolu Ladoja, has called on the Federal Government to give traditional rulers a formal role …

Edo takes 10% stake in 200MW power plant to boost supply

Edo State has taken a 10 percent equity stake in a 200-megawatt independent power project being developed by Edo North read more E…

Nigeria turns back to petrol imports as local supply falls

Nigeria is turning back to petrol imports as domestic supply fell 21 percent in July, highlighting renewed pressure on local read …

FG releases 2026/2027 Federal Unity Colleges admission list

The Federal Government has released the 2026/2027 admission list for Junior Secondary School One (JSS1) candidates admitted into F…

Otedola stakes N12.58bn in First Holdco latest share purchase

Nigerian billionaire and Chairman of First HoldCo Plc, Femi Otedola, has continued his aggressive accumulation of shares in the fi…

GPC Energy and Logistics plans N30 Billion infrastructure bond offer

GPC-SPV Company Plc has announced plans to issue a N30 billion Series 1 Senior Guaranteed Fixed Rate Infrastructure Bond under its…

U.S. launches $125,000 project to preserve 4,000-year-old Lejja iron-smelting site in Enugu State

The United States has awarded a $125,000 U.S. Ambassadors Fund for Cultural Preservation (AFCP) grant to the Center for Memories i…

Spider-Man: Brand New Day breaks West Africa box office record with N1.8 billion

Spider-Man: Brand New Day has grossedN1.8 billion at the West African box office, becoming the highest-grossing Hollywood film in …

Ikenga: The Last Festival rakes in N22 million, sets opening record

Nollywood’s Ikenga: The Last Festival has recorded a strong opening at the Nigerian box office, grossing N22 million in its first …

Aviation Safety group urges immediate payment for defunct Nigeria Airways workers, laments loss of lives

The Aviation Safety Round Table Initiative (ASRTI) has lamented over the continued delay in paying the entitlements of over 4,000 …