Emerging Markets

FG declares August 25 public holiday to celebrate Eid ul Mawlid

The Federal Government has declared Tuesday, August 25, 2026, as a public holiday to mark this year’s Eid ul Mawlid, the Islamic c…

Market correction wipes N5.42trn off NGX in 20-day slump

Sentiment on the Nigerian Exchange Limited (NGX) has turned decidedly cautious as a wave of sustained profit-taking and broad mark…

NERC names 5-member interim board to fix troubled Kaduna DisCo

The Nigerian Electricity Regulatory Commission (NERC) has inaugurated a five-member interim board for Kaduna Electricity Distribut…

Nigeria’s new VAT rules open wider route for businesses to recover input tax

Nigeria’s new tax laws are giving businesses a broader avenue to recover Value Added Tax (VAT) paid on their operating read more N…

FAAN ejects Abuja Airport parking company over N25,000 fine scandal

The Federal Airports Authority of Nigeria (FAAN) has removed a company accused of collecting N25,000 parking fines from motorists …

EXPlAINER: E-hailing dispute: Why FAAN’s ACHRAMS system raises passenger security concerns

The regulatory dispute between the Federal Airports Authority of Nigeria (FAAN) and global e-hailing giants Uber and Bolt has brou…

Geregu Power Chairman, Yari ‘personally’ funded N6 billion bond obligation

Fresh indications have emerged that Geregu Power Plc Chairman, Senator Abdul’aziz Yari, personally funded the company’s N6.03 bill…

Côte d’Ivoire’s US$206 billion investment bet: Cocoa, crude and the cost of caution

Ivory Coast has, for more than a decade, been one of the few African stories of unbroken macroeconomic success. Growth read more C…

Pamtech Group launches Drivva to ease car ownership, maintenance in Nigeria

Pamtech Technologies, a tech startup powered by Pamtech Group, has launched a new platform designed to make vehicle ownership, mai…

Citi turns bullish on Zambia bonds after Hichilema re-election

Citi has upgraded Zambia’s international bonds to overweight from marketweight, citing improved political stability after Presiden…

N435bn infrastructure, security funds boost states revenues in H1

State governments recorded at least N435.25 billion in revenue from a special Federation Account Allocation Committee (FAAC) fundi…

I’ll tackle insecurity, restore fuel subsidy in first 100 days – Atiku

…Says failure of leadership worsening terrorism, banditry Atiku Abubakar, Presidential candidate of the African Democratic C…

Video: ‘Serious ignorance’, Tinubu knocks Atiku over plan to restore fuel subsidy

President Bola Tinubu has criticised Atiku Abubakar, presidential candidate of the African Democratic Congress (ADC), over his ple…

EFCC arraigns three over alleged N30m Canadian visa fraud in Oyo

The Economic and Financial Crimes Commission (EFCC) has arraigned three persons before the Oyo State High Court in Ibadan over rea…

AFRICA FINANCE IN BRIEF: Rate caution, IPO bets and a banking shake-up

Africa’s financial markets are entering a new phase, with central banks balancing inflation risks against growth, companies tappin…

Petroleum products lift Nigeria’s exports to $15.5bn in Q1

Nigeria’s total merchandise exports rose sharply in the first quarter of 2026, marking the first year-over-year increase in Q1 exp…

Intellectual Property Workshop strengthens U.S.-Nigeria commercial ties in Music Industry

The U.S. Consulate General in Lagos convened more than 120 intellectual property (IP) policymakers, lawyers, music executives, art…

Dangote offers East African countries 30% stake in planned $17 billion refinery

Aliko Dangote has offered East African countries a combined 30% equity stake in his proposed oil refinery in Kenya, potentially gi…

Otedola’s net worth nears $2 billion after $500 million gain YTD

Nigerian billionaire investor Femi Otedola’s net worth has risen to $1.8 billion, bringing him closer to the $2 billion milestone …

ChatGPT gains access to Apple Messages, raises privacy concerns

OpenAI has introduced a new ChatGPT feature that allows users to control Apple’s Messages app on Mac computers, potentially creati…

EFCC charges two over alleged $15,000 deal to access database

The Economic and Financial Crimes Commission (EFCC) has arraigned two men before the Federal High Court in Lagos over the read mor…

Geregu Power confirms payment of 8th coupon on N40.08 billion bond

Geregu Power Plc has confirmed the payment of the eighth coupon and part of the principal repayment due under its N40.08 billion S…

FG promised cheaper transport with CNG, but fares remain high across Nigeria

CNG operators and commuters are counting the cost of Nigeria’s switch to compressed natural gas (CNG), as lower fuel expenses have…

Public-Private Partnership Ecosystem – What lies therein for Nigerian investors

Opportunities for Public-Private Partnerships in Nigeria’s Economy. Nigeria’s infrastructure challenge is not simply a shortage of…