Nigeria’s current account surplus is expected to rise to 6.0 percent of gross domestic product (GDP) in 2026, up from 4.8 percent recorded in 2025, according to the World Bank. …
- AfricaAFRICA NEWSAfrican AffairsAfrican Economy
Africa’s Currency Recovery Reverses as More Currencies Weaken in September
Africa’s currency recovery lost momentum in September as several major currencies weakened against the US dollar, reversing some of the gains recorded earlier in the year. The renewed pressure came …
The International Finance Corporation (IFC), the private-sector investment arm of the World Bank Group, has committed about KSh1.94 billion ($15 million) to Quickmart’s KSh15 billion initial public offering (IPO) in …
Nigeria’s private sector recorded its strongest expansion in more than four years in September, helping the country reclaim the top position among major African economies tracked by the Purchasing Managers’ …
The World Bank has raised Nigeria’s economic growth forecast for 2026 to 4.3 percent but warned that increased government spending ahead of the 2027 general elections could put pressure on …
Uganda has approved the participation of domestic investors in the initial public offering (IPO) of Nigeria’s Dangote Petroleum Refinery, expanding access to the $1.6 billion share sale across East Africa. …
- BusinessBusiness & MarketsBusiness and Economy
Nigeria’s PMI Accelerates in Q3 as Business Activity Strengthens
Nigeria’s private-sector activity strengthened in the third quarter of 2026, with purchasing managers’ surveys showing faster growth in September as demand improved and industrial activity recovered. The Central Bank of …
The Federal Government says it will prioritise gas supply and reliable electricity for industrial clusters as part of efforts to reduce production costs and strengthen Nigeria’s manufacturing sector. President Bola …
- AfricaAFRICA NEWSAfrican DevelopmentAfrican Economy
AfCRA Launches as Credibility Emerges as Key Test for Africa’s Rating Revolution
Africa’s long-awaited continental credit rating agency, the African Credit Rating Agency (AfCRA), has officially launched in Port Louis, Mauritius, marking a major step in the continent’s efforts to reshape how …
- BusinessBusiness GrowthBusiness UpdatesInformation TechnologyTechnology
AI Spending Doubles as Companies Move Beyond IT Budgets
Companies have more than doubled their spending on artificial intelligence in less than a year as AI moves from an experimental technology to a broader business investment. According to Boston …