Stanbic IBTC Holdings Plc recorded a 40.1% increase in profit before tax to ₦341.6 billion in the first half of 2026, but the surge was largely driven by trading income …
Radarr Africa
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BusinessBusiness & MarketsBusiness and Economy
J.P. Morgan, Absa Target Nigeria as Foreign Banks Retreat from Africa
International and African banking groups are increasing their interest in Nigeria’s corporate and investment banking market, even as some European lenders scale back operations across the continent. J.P. Morgan plans …
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BusinessBusiness GrowthINVESTMENT
JPMorgan Plans Nigerian Merchant Bank Amid Improving Investor Confidence
JPMorgan Chase is planning to establish a merchant bank in Nigeria, with operations expected to begin before the end of 2026, subject to regulatory approval. The move is expected to …
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The planned $1.6 billion initial public offering (IPO) of Dangote Petroleum Refinery has highlighted the challenges of cross-border investment in Africa, despite growing interest in the continent’s industrial sector. The …
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South African-born jurist Navi Pillay has won the 2026 Nobel Peace Prize for her efforts to promote peace, strengthen international law and ensure accountability for serious human rights violations. The …
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Nigeria’s food crisis requires a coordinated response that addresses rising prices, insecurity, weak agricultural production and the growing cost of transporting food across the country. Although food inflation eased in …
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BusinessBusiness & MarketsINVESTMENTINVESTMENT
Dangote IPO Tests Nigeria’s Six Million Investor Base
Nigeria’s capital market is facing a major test as the planned initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals targets 10 million retail investors, well above the country’s …
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Announced on October 8, 2026, the initiative is designed to ease the burden of rising petrol prices, with public transport operators given priority. The government says the arrangement will be …
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The African Export-Import Bank (Afreximbank) has called on the Africa Credit Rating Agency (AfCRA) to develop credit assessment standards that reflect the continent’s economic realities, institutional structures and financial markets. …
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The Federal Government is expected to make a formal reconciliation declaration over the 1967 Asaba Massacre, as Nigeria marks 59 years since hundreds of civilians were killed during the Nigerian …