Nigeria’s confirmation of an Ebola case in the Federal Capital Territory (FCT) has sparked concerns among business owners over possible disruptions to travel, cross-border trade, investment and commercial activities as …
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Business & Markets
Nigerian startups attracted $635 million in funding between January and September 2026, restoring the country’s position as Africa’s leading startup investment destination. The recovery comes as funding declined in other …
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 & 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 …
- 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 …
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 …
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 …
- 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 …
- BusinessBusiness & MarketsElectionInternational
US Jobs Market Slows Sharply as September Hiring Falls
The US labour market recorded a sharp slowdown in September, with employers adding only 29,000 jobs in the latest figures ahead of the country’s midterm elections. Employment levels remained largely …
Nigeria is seeking to attract more than 100 Chinese oil and gas equipment manufacturers to establish production facilities in the country as it looks to expand local manufacturing, promote technology …
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