Nigeria has slipped two places to eighth in the 2026 Absa Africa Financial Markets Index, despite foreign exchange reforms and efforts to strengthen its capital market. The country scored 63 …
- BusinessBusiness and Economy
Africa’s Financial Markets Hit Decade-High Scores, but Liquidity Remains a Hurdle
African financial markets have reached their highest average development score in a decade, but limited trading activity continues to restrict their ability to attract investment and provide long-term financing for …
- BusinessBusiness and InvestmentInternationalInternational Business
Botswana to Host Regional Trading Hub for Dangote Refinery IPO
Botswana has been selected to host the Southern African trading hub for the planned initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals, in a move aimed at expanding …
- BankingFinanceFinancial Markets
Seven Nigerian Banks Hold $136.8bn in Assets as South African, Moroccan Lenders Lead
Seven Nigerian banking groups hold combined assets of $136.8 billion, accounting for about 10 per cent of the verified assets of Africa’s 50 largest banking groups, according to a ranking …
The Independent National Electoral Commission (INEC) has defended its decision to exclude some political parties’ candidates from the final list for the 2027 governorship elections, citing a Supreme Court ruling …
Only 245,315 workers in Nigeria’s informal sector have enrolled in the Personal Pension Plan (PPP), representing approximately 0.3 per cent of an estimated 84.9 million informal workers, highlighting a major …
The Lagos Chamber of Commerce and Industry (LCCI) has urged the Federal Government to introduce a six-month petrol price reduction programme targeting a 15 to 20 per cent cut in …
- BusinessBusiness & MarketsBusiness Updates
Allan Gray Favours Nigerian Stocks Over South Korea’s Kospi
Allan Gray Ltd., an investment management firm overseeing $29 billion in assets, is favouring Nigerian equities over South Korean stocks, citing their potential to diversify portfolios away from the artificial …
The Federal Government is considering an excess-profit tax on energy operators accused of taking undue advantage of consumers amid rising petrol prices. Taiwo Oyedele, Minister of Finance and Coordinating Minister …
The International Monetary Fund (IMF) has urged central banks across several economies to maintain a cautious approach to monetary policy, warning that persistent inflationary pressures could require interest rates to …
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