The Dangote Group has secured a $600m loan facility from the Africa Finance Corporation (AFC) to support a major expansion of its fertiliser business, a move expected to significantly boost Africa’s fertiliser production capacity, strengthen food security and generate more than $4bn annually in export earnings within […]
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Band A Customers To Receive Compensation For Power Disruptions – NERC
The Nigerian Electricity Regulatory Commission (NERC) has approved a special compensation scheme for eligible Band A electricity customers affected by power supply disruptions caused by grid generation constraints between February and March 2026. The Commission announced the measure in a public notice issued under Directive No. NERC/2026/002 […]
Nigeria Risks 27.5% US Tariffs Under Proposed Trade Measures
Nigeria could face tariffs of up to 27.5 per cent on exports to the United States under a proposed trade measure by the US government targeting countries accused of failing to adequately prevent the importation of goods linked to forced labour. The proposal, announced by the Office […]
Dangote Refinery emerges world’s largest exporter of jet fuel
The Dangote Petroleum Refinery has emerged as the world’s largest exporter of jet fuel, marking a major milestone for Nigeria’s energy sector and strengthening the country’s position in global fuel markets amid ongoing geopolitical disruptions in the Middle East. According to data cited by S&P Global Commodities […]
NGX Group Advances Investor Education Drive with Digital Retail Engagement Initiative
Nigerian Exchange Group has intensified its investor education drive through a digital engagement initiative aimed at improving financial literacy and deepening retail participation in the Nigerian capital market. The Group recently hosted an X Space session themed “Follow the Fundamentals: A Beginner’s Guide to the Stock Market,” reaching […]
Wema Bank Clarifies Position On Gulf Bank Asset Transactions
Wema Bank Plc has dismissed as false and misleading recent reports alleging impropriety in the sale of certain Banana Island properties linked to the defunct Gulf Bank Plc, insisting that its actions were lawful recovery efforts tied to a long-standing debt obligation. The bank said in a […]
Airtel Targets 90% Ownership Of African Unit Through $2.9bn Deal
Indian telecommunications giant Bharti Airtel has unveiled plans to increase its ownership stake in Airtel Africa to as much as 90 per cent through a proposed $2.9bn share swap arrangement, in a strategic move aimed at consolidating its African operations ahead of a planned mobile-money initial public offering […]
Access Holdings Clarifies Dividend Position Amid Strong 2025 Earnings
Access Holdings Plc has reaffirmed its commitment to long‑term shareholder value and sustainable returns, following a strong performance in the 2025 financial year, while providing clarity on the rationale for the non‑payment of dividends for the year ended December 31, 2025. The clarification was provided during the Group’s Full […]
Nigeria Shifts To Public Policy Partnership, Deepens Private Sector Role
The Federal Government has unveiled a new policy framework aimed at deepening private sector participation in economic management, marking a shift from traditional public-private partnerships (PPP) to a broader “public policy–private partnership” approach designed to drive investment-led growth. The Minister of Finance and Coordinating Minister of the […]
Africa’s $2trn Assets Fail To Boost Infrastructure Investment — Report
Africa’s institutional capital pool rose sharply to more than $2trn in 2025, but the continent continues to struggle to channel these funds into critical infrastructure and industrial development, according to a new report by the Africa Finance Corporation (AFC). The findings, published in the AFC’s latest State […]