Emerging Markets

Shipping attacks deepen US-Iran war uncertainty as oil nears $90

Fresh attacks on commercial shipping in key waterways have heightened concerns over global energy supplies as diplomatic efforts t…

AFC raises $430m in digital bond as Africa deepens access to global capital

The Africa Finance Corporation (AFC) has raised CHF350 million, about $430 million, through a five year digital bond, marking a re…

Nigeria oil output drops 37,000 bpd as OPEC peers ramp up

Nigeria's crude production fell by 37,000 barrels per day in July, highlighting an inconsistent supply recovery that threatens gov…

Nigeria’s crude oil output holds above 1.5mbpd for third month despite July drop

Nigeria’s crude oil production remained above 1.5 million barrels per day (bpd) for the third consecutive month in July 2026 despi…

PENGASSAN pushes to open Africa’s fuel market to Dangote products

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called for the free trade of Dangote Refinery pr…

Investors snap up AG Mortgage Bank’s N3.97bn commercial paper with 100% subscription

AG Mortgage Bank Plc has significantly bolstered its liquidity position after investors completely snapped up its N3.97 billion Se…

Jumia secures $50M to accelerate e-commerce expansion

Jumia Technologies has raised $50 million in equity funding co-led by the International Finance Corporation (IFC) and Madagascar-b…

Beyond the Building: why location matters in corporate Real Estate

When organisations evaluate office space, attention is naturally drawn to the building itself—its architecture, specifications, am…

Letshego raises EduLoan ceiling to ₦50m, accelerates digital banking push

Letshego Microfinance Bank Nigeria has raised the maximum amount available under its EduLoan facility to ₦50 million, positioning …

CBN opens regulatory sandbox to VASPs, fintechs, data-driven financial services

The Central Bank of Nigeria (CBN) has opened applications for the second cohort of its Regulatory Sandbox Programme, expanding the…

Jumia’s revenue rises to $52m as e-commerce platform secures $50m capital raise

Jumia Technologies has reported a 14 percent year-on-year increase in revenue for the second quarter of 2026, as the African read …

Standard Chartered brings gold-income strategy to Nigeria in new Allianz Global Investors fund

Standard Chartered is bringing a new gold-focused investment strategy to Nigeria’s wealth market, giving accredited and profession…

Julius Berger’s profit drops 15% despite growth in revenue

Julius Berger Nigeria Plc’s profit after tax fell by 14.7 percent in the first half of 2026 despite a strong read more Julius Berg…

CBN forces Nigerian banks to overhaul transaction monitoring

A new Central Bank of Nigeria mandate requiring real-time automated transaction monitoring is forcing banks to treat financial cri…

NFEM turnover crashes to $185 million, hits 11-week low as FX market activity thins

Foreign exchange turnover on the Nigerian Foreign Exchange Market (NFEM) fell to $185 million on August 11, 2026, marking the lowe…

Nigeria fuel subsidy removal averted N53trn fiscal hit

Retaining Nigeria's petrol subsidy would have cost N53 trillion and pushed the naira to 3,500 per dollar, the head of the Nigeria …

Bolt extends health insurance to Nigerian driver families

Bolt is rolling out discounted family health insurance to its Nigerian driver-partners, a strategic shift aimed at protecting the …

Dangote Refinery: Domestic Crude Must Be Available and Commercially Viable

Dangote Petroleum Refinery and Petrochemicals has clarified its position following recent reports referencing data released by the…

Moove becomes Africa’s latest unicorn after $250m funding round

Moove, a Nigerian-born mobility company, has joined Africa’s growing list of unicorns after raising $250 million in a Series C rea…

CBN injects N5.21 trillion in one week ahead of N700 billion NTB auction today

The Central Bank of Nigeria (CBN) pumped a net N5.21 trillion into the banking system over the past week, with a single N2.48 tril…

Nigeria’s biggest cyber risk may be its small businesses—FoubsLabs Founder

In late 2013, an intrusion quietly took shape inside the network of Target, one of America’s largest retailers. The breach ultimat…

Building a managed power network: how financial institutions can eliminate branch energy volatility

By partnering with leading energy experts like Starsight Energy, forward-thinking financial institutions can free up vital capital…

PalmPay steps up youth investment to bridge Nigeria’s digital skills gap

PalmPay is stepping up its investment in youth development as Nigeria faces a widening gap in the digital skills needed read more …

Nigeria adds 900 dollar millionaires in one year as naira strengthens

…rises for the first time since 2021, hits 8,100 in 2026 Nigeria added 900 million-dollar millionaires within a period of read mor…