Emerging Markets

Sahara Power bets $12m on Lagos grid with new 12mw plant

…Plant to come online first quarter 2027 Sahara Power Enterprise Group, Africa’s largest privately held power company, broke…

MoMo PSB appoints former Flutterwave COO Bode Abifarin as CEO

MoMo Payment Service Bank (MoMo PSB), the fintech subsidiary of MTN Nigeria, has appointed Bode Abifarin as its Managing Director …

SunTrust Bank deepens technology investment as it celebrates decade of operations

SunTrust Bank Nigeria Limited has marked its 10th anniversary with renewed optimism for the future following the successful comple…

Rwanda maintains hawkish stance, raises rates to near 17-year high

Rwanda’s central bank has raised its key interest rate to 8.75 percent, its highest level since 2009, as policymakers step read mo…

NLNG Train 7 to raise Nigeria’s cooking gas capacity by 50%

The Nigeria LNG Limited (NLNG) Train 7 project will add 50 percent to Nigeria’s cooking gas capacity when completed, according rea…

Nigeria’s $5 billion swap: What it is, what it costs, and what Abuja isn’t saying

BusinessDay carried a story on August 24 raising fresh questions about the $5 billion Total Return Swap (TRS) the National Assembl…

Billionaire Dangote family office set for 2027 expansion as investment hub

The family office of Africa’s richest person, Aliko Dangote, is preparing for a major expansion in 2027 as it takes shape as an in…

CBN’s OMO reopening tests the price of government domestic borrowing

Nigeria’s growing reliance on domestic borrowing to finance government spending has reduced its exposure to foreign-currency…

MTN Group appoints Ikenna Ikeme as Executive for Group Regulatory Affairs

MTN Group has announced the appointment of Ikenna Ikeme, the current General Manager of Regulatory Affairs at MTN Nigeria, as Exec…

Fintech firm demands CBN, IGP’s intervention over N750m frozen funds

Kudiwave Technologies Limited has demanded the immediate intervention of the Central Bank of Nigeria (CBN) and Kayode Egbetokun, I…

Shareholders fault MediPlan as REPRU misses recapitalisation target

Shareholders of Royal Exchange Plc have frowned at the inability of MediPlan Healthcare Limited to recapitalise Royal Exchange Pr…

Afri Invoice woos Monnify, Flutterwave, Interswitch investors for Africa e-invoicing push

Afri Invoice Nigeria Limited has opened a strategic investment round as it seeks to attract investors who backed some of read more…

SUNU Assurances clears recapitalisation hurdle, targets growth as insurance revenue surges 41%

SUNU Assurances Nigeria Plc has successfully cleared the insurance industry’s recapitalisation hurdle, strengthening its capital b…

NERC says Nigeria’s power tariff was Africa’s cheapest in 2025

Nigeria recorded the lowest average electricity tariff among 14 selected African countries in 2025, with an average allowed end-us…

OPay plans NGX listing as $4bn US IPO ambitions gather pace

OPay, one of Nigeria’s largest fintech companies, is planning to list its shares on the Nigerian Exchange (NGX), potentially givin…

Interswitch reinforces infrastructure-led approach to Africa’s fintech growth

Interswitch Group has reinforced its commitment to building the infrastructure required to enable sustainable financial innovation…

MREIF disburses over N140 billion in mortgages to 2,000 Nigerians

The MOFI Real Estate Investment Fund (MREIF) has disbursed more than N140 billion in mortgage financing to over 2,000 Nigerians si…

Glamorous Transformation: From Businesswoman to Easybuy Sales Talent

“I do not see myself working for another company,” Adewunmi said confidently. The Easybuy Sales Talent added: “Working with Easybu…

Governors adopt CNG transport scheme, move to cut fares, ease food prices

Governors of the 36 states of the federation have backed a new state-led initiative to reduce transportation fares through the rea…

Lagos electricity regulator targets ATC&C losses below 10% with AI monitoring — LASERC CEO

In this interview with Nairametrics, LASERC Chief Executive Officer, Mrs. Temitope George, explains the Commission’s position on t…

Kenya CEOs regain confidence in their businesses as economic pressures persist

Kenyan business leaders are becoming more confident about the prospects of their own companies, even as concerns over the domestic…

Why the twist, victoria island, is an investment opportunity to watch

As investors continue to look for assets capable of preserving value in an environment shaped by inflation, currency volatility an…

Africa Fintech Growth Must Be Matched by Resilient Infrastructure, Says Belema Fintech CEO

Africa’s fintech revolution can only achieve sustainable growth if the infrastructure powering digital transactions is resilient, …

CSCS welcomes Nigeria’s Frontier Market reclassification by FTSE Russell

Central Securities Clearing System Plc (CSCS) has welcomed FTSE Russell’s decision to proceed with Nigeria’s reclassification from…