Emerging Markets

BOI shifts strategy to domestic capital markets with N250bn issuance

The Bank of Industry (BOI) Financing SPV Plc has successfully closed its series 1 N250bn fixed-rate bond after achieving full read…

WORLD IN BRIEF: Russia says Ukraine launches 822-drone attack, Italy art stolen, $50m ransom funds al-Qaeda and other stories

Russia says 822 Ukrainian drones killed at least seven Russia says Ukraine launched its largest drone attack of 2026, with read mo…

BusinessDay 17th Aug 2026

EFCC recovers $60m in ongoing Nestoil investigation

Olanipekun Olukoyede, the chairman of the Economic and Financial Crimes Commission (EFCC), has recorded a breakthrough in the comm…

The long road to Geregu Power’s shock bond default

Four years after issuing Nigeria’s largest-ever corporate bond for a power generation company, Geregu Power Plc stunned the …

As battle rages against terrorists, over 200 soldiers’ wives get support from Sterling Oil

Military authorities said up to 80% of soldiers have already been deployed to the many battle fronts against terrorists and read m…

Barcelona agree £65m deal to sign Rodri from Man City

Barcelona have reportedly reached an agreement with Manchester City to sign Spain captain Rodri for a fee worth £65 million, read …

Nigeria targets sugar self-sufficiency with $1 billion pipeline, N10 billion fund

The National Sugar Development Council (NSDC) has intensified efforts to achieve sugar self-sufficiency in Nigeria, leveraging a $…

Stablecoins could reshape Africa’s cross-border payments, but integration is key

For much of the past decade, discussion around stablecoins have been dominated by cryptocurrency speculation. Increasingly, howeve…

BREAKING: NGX postpones new pricing rules, days after confirming Monday take-off

The Nigerian Exchange (NGX) has postponed the planned rollout of its revised pricing methodology for equities trading, just a day …

Wike signs record 26,272 C-of-Os, surpasses past two administrations

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, SAN, has signed a total of 26,272 Certificates of Occupancy (C-o…

Nigeria’s FX Forwards surge 264% to $90.89 million as FX Spot plunges

Nigeria's foreign exchange derivatives market recorded its sharpest weekly surge in recent months, with FX Forwards turnover jumpi…

AI, open banking is set to reshape Nigeria’s cooperative lending – Adeoti

Praise Adeoti is a software engineer and entrepreneur passionate about building impactful fintech and AI products. He is currently…

Oborevwori’s wife demands end to labelling autistic children as ‘Ogbanje’

…Raises N6m towards medical care of two children living with special needs Tobore Oborevwori, wife of Delta State Governor h…

NiRA moves to cut .ng domain costs, tighten protection for Nigerian brands

The Nigeria Internet Registration Association (NiRA) is exploring measures to make internet domain names more affordable and acces…

NADF trains 250 mechanisation experts to drive food security

In a strategic bid to tackle the high rate of agricultural equipment downtime and scale up local productivity, the National read m…

Nigeria’s renewable energy push is creating new injustices, study finds

For more than a decade, Nigeria has been trying to change the way it produces and consumes energy, driven by two problems that hav…

ASUU-ESUT goes on two-week strike over FG’s unfulfilled promises

…vows to sanction members who violate the order The Academic Staff Union of Universities (ASUU), Enugu State University of Science…

A masterclass in policy-oriented public intellectualism

EXECUTIVE BOOKSHELF with Chido Nwakanma Femi D. Ojumu, Transforming Nigeria’s Socio-Economic Development: Policy Perspectives. Lon…

Global goods trade surges to $13.7 trillion as AI, EV demand fuels growth

Global goods trade rose to about US$13.7 trillion in the first half of 2026, representing a 12.5% increase compared with the same …

RMAFC Chairman engages editors, discloses progress on new revenue allocation formula, remuneration review

The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mohammed Bello Shehu, has disclosed that the Co…

PenCom warns 30% PPP target may be missed as 91% accounts remain unfunded

The National Pension Commission (PenCom) says it will not meet its Personal Pension Plan (PPP) target of 30% funded accounts by Q4…

Five best-performing insurance stocks in 2026 amid recapitalization

Five insurance stocks- Fortis Global Insurance, International Energy Insurance, Custodian Investment, Consolidated Hallmark Holdin…

Nigeria’s pension remittances plunge 38% to N559 billion in Q1 2026

Pension contributions under Nigeria’s Contributory Pension Scheme (CPS) declined by 38% in the first quarter of 2026, according to…