Property Development Company, Novarick Homes has entered into a partnership with Insuretech firm, Kolanut Africa, as part of its broader effort to strengthen buyer protection and rebuild confidence in Nigeria’s …
AFRICA NEWS
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AfricaAFRICA NEWSPress ReleasesReal Estate
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AfricaAFRICA NEWSBusiness Policies
Naira sustains significant appreciation against US dollar across official, black markets
The naira on Wednesday sustained its upward trend against the United States dollar across both official and parallel foreign exchange markets, reflecting continued currency stability. Latest data released by the …
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AfricaAFRICA NEWSBusiness InsightsBusiness Policies
Access Bank–Bidvest Bank Deal Collapses over Regulatory Approvals
Access Bank Plc’s proposed acquisition of South Africa’s Bidvest Bank has collapsed following regulatory hurdles, Vanguard has learnt. Although the Nigerian lender had reached an agreement to acquire the South …
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AfricaAFRICA NEWSBusiness InsightsBusiness Policies
Cardoso: Nigeria’s Foreign Reserves now to $49bn
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said the country’s net foreign reserves have risen to $49 billion, marking a strong and sustained recovery from …
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Members of the Senate Committee on Appropriations have called for the full removal of electricity subsidy, arguing that it has become an unsustainable burden on public finances and a major …
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AfricaAFRICA NEWSBusiness InsightsBusiness Policies
Nigeria’s FX market gap widens for first time in three years
Nigeria’s foreign exchange market has recorded a renewed divergence between the official exchange rate and the parallel market, marking the first significant widening of the gap in about three years. …
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Africa’s technology ecosystem witnessed a clear strategic shift in 2025, as companies increasingly turned to mergers and acquisitions to drive growth, rather than relying on large funding rounds. Industry data …
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AfricaAFRICA NEWSCryptocurrency
Binance records surge in South African users as crypto adoption rises
Global crypto-currency exchange, Binance, has recorded rapid growth in its South African customer base, reflecting rising adoption of digital assets across the country. The company said its local user numbers …
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AfricaAFRICA NEWSEnergyEnergy SectorOil & Gas
Petrobras returns to Africa with offshore oil stake in Namibia
Brazil’s state-owned oil company, Petrobras, has marked a strategic return to the African oil and gas sector with the acquisition of a 42.5 per cent stake in an offshore oil …
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AfricaAfrica EconomyAFRICA NEWSEconomy
Africa’s growth hinges on execution, not ambition, say stakeholders at Business Convention
Growth dominated conversations at the 2026 Africa Business Convention (ABC), but speakers were quick to move away from lofty rhetoric, insisting that Africa’s next phase of economic expansion will depend …