ABUJA — Nigeria is preparing to take a leading role in Africa’s campaign for greater control over the continent’s mineral resources. President Bola Tinubu is expected to chair a high-level Africa minerals summit in New York, where African leaders and stakeholders will discuss how the continent can gain more economic value from its vast mineral […]
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LAGOS, Nigeria — The Dangote Refinery is moving closer to what could become one of Africa’s biggest stock market listings. The refinery has secured a $1 billion underwriting programme ahead of its planned public offering, according to Reuters. The planned listing could raise about $5 billion and would give investors an opportunity to take part […]
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Accra, Ghana — Ghana’s cedi is facing renewed pressure against the US dollar as demand for foreign currency rises. The cedi weakened from about 10.90 to 11.00 per dollar in one week, according to market data. The pressure is being linked to strong demand for dollars from companies and offshore investors, while available supply has […]
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The Federal Government has approved projects worth about ₦540 billion to strengthen healthcare infrastructure in Nigeria. The approval includes major work at the National Hospital in Abuja and the establishment of a national cancer research and treatment centre. The Federal Executive Council approved the projects as part of efforts to improve specialised healthcare services in […]
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Nigeria’s banking sector continues to focus heavily on capital strength as banks position themselves for a more competitive financial market. One of the major recent capital-raising exercises was the ₦351 billion rights issue by Access Holdings. The transaction involved the issuance of more than 17.7 billion ordinary shares and was designed to strengthen the group’s […]
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Nigerian music star and entrepreneur Mr Eazi is looking at taking his business interests to the Nigerian capital market. The musician has indicated that he is considering a listing on the Nigerian Exchange (NGX) as he continues to expand his business interests. Mr Eazi, whose real name is Oluwatosin Ajibade, has built interests beyond music […]
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Zimbabwe is preparing to host the 25th COMESA Heads of State and Government Summit in Harare later this year. The summit is expected to bring together leaders from member states to discuss trade, investment, industrialisation and regional economic integration. Zimbabwe’s government has approved plans for the summit, which is scheduled for October 22, 2026. A […]
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ABUJA — The Federal Government has continued to defend President Bola Tinubu’s economic reforms, saying the measures helped Nigeria avoid a deeper financial crisis. The reforms include the removal of petrol subsidy and changes to the foreign exchange system. Finance Minister Taiwo Oyedele said the administration inherited an economy facing serious financial pressure and difficult […]
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Federal Government says subsidy reform has strengthened Nigeria’s finances The Federal Government says Nigeria has saved about ₦15.8 trillion since the removal of the petrol subsidy. The government says the decision has helped reduce the financial pressure created by the subsidy system and provided more resources for other areas of the economy. Officials have continued […]
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ABUJA, Nigeria — Nigeria is making a major push to become one of Africa’s leading digital infrastructure centres, with the Federal Government targeting $750 million in private investment for cloud and data infrastructure over the next two years. The government recently unveiled the National Digital Cloud Policy, designed to attract investment into Nigeria’s growing digital […]
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