Emerging Markets

Nigeria must consolidate its startup leadership before the momentum slips

Nigeria’s technology ecosystem has once again demonstrated why it remains Africa’s innovation powerhouse. Raising $254…

Thought leaders see practice reinvention as route to future-proofing real estate

Real estate executives, thought leaders and public sector administrators who gathered in Lagos recently for a high-level leadershi…

Nigerian onion traders suspend exports to Ghana as trade dispute deepens

Nigerian onion traders have suspended exports to Ghana and called on the Economic Community of West African States (ECOWAS) to int…

Korean scientists develop invisible solar windows that generate electricity

A team of South Korean scientists has developed a transparent solar-window technology that could turn ordinary windows into electr…

NMRC shows financial resilience, records N6.462bn net interest income

…as shareholders approve 80kobo dividend pay-out The Nigeria Mortgage Refinance Company Plc (NMRC) has demonstrated financial resi…

$1trn economy: Private capital, regional hubs are key — Experts

…Insist, the Govt must create an enabling environment Industry leaders and economists have said Nigeria’s plan to hit a $1 r…

Houthis escalate attacks on Saudi targets, raising fears over key Red Sea shipping route

Yemen’s Iran-backed Houthi rebels have claimed responsibility for a series of deadly attacks this week, intensifying their confron…

Soludo approves ANSOPADEC, other projects for Ogbaru oil communities

Governor Chukwuma Soludo of Anambra State has approved full operation of the Anambra State Oil and Gas Producing Areas Development…

Globacom intensifies network investment with fiber, AI push

Globacom has intensified investments in network infrastructure and digital services, unveiling a series of upgrades aimed at impro…

Egypt inflation breaks 3-month cooling streak, rises to 14.9%

Egypt’s annual urban inflation rate rose to 14.9% in July 2026, ending a three-month cooling streak as food prices accelerated des…

Clinoscope buys 40 million Neimeth shares for N312 million after 2025 sell-off

Neimeth International Pharmaceuticals Plc has disclosed that its major institutional shareholder, Clinoscope Services Limited, has…

Naira keeps Euro below N1,580 as CBN reforms steady forex market

The Nigerian naira remained supported against the European currency last week, with the latest data from the CBN showing it last s…

NRS Chairman says poverty would have doubled without Tinubu’s reforms

The Chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, has argued that Nigeria’s poverty situation would have been sign…

The great real estate heist

Selling dreams, selling air: How fraudulent developers turned property investment into Nigeria’s newest economic crime For m…

Nigerian companies rake in N179.5 billion from T-bills, bank placements in H1 2026

Nigerian listed companies raked in N179.5 billion in finance income in the first half of 2026, representing a 174% year-on-year in…

The Asset No Creditor Can Seize

In the corridors where money and power meet, integrity is not a soft virtue to be admired from a distance. read more The Asset No …

ACPN raises alarm over pharmacist exodus, says 9,000 left Nigeria in four years

The Association of Community Pharmacists of Nigeria (ACPN) has raised alarm over the growing exodus of pharmacists from Nigeria, s…

Tax reforms threaten to lock informal businesses out of corporate contracts

Thousands of informal small businesses in Nigeria risk losing access to lucrative corporate contracts as new tax reforms introduce…

Nigeria revives decade-old plan to sell stake in state-oil company

Nigeria’s plan to turn its state oil company, Nigerian National Petroleum Company Limited (NNPC), into a publicly traded fir…

First corporate bond default in seven years exposes cracks in power sector

Geregu Power Plc, one of Nigeria’s premier listed electricity generators, has defaulted on a bond payment for the first time…

Banks ease overseas spending limits as FX crunch fades

…GTCo raises card limit twenty-fold to $20,000 Nigerian banks are loosening limits on foreign transactions for naira debit cards, …

BusinessDay 10th Aug 2026

How GMH Luxury Responded to Nigeria’s Currency Crisis Without Compromising Its Commitments

Every enduring institution’s defining story is rarely written in seasons of prosperity. It is forged in uncertainty, when le…