Business & Economy

Dangote Sugar Refinery Plc has launched a N485.88 billion rights issue, a bold move to rescue a company still finding its footing after a bruising 2025 defined by heavy losses....

The Central Bank of Nigeria (CBN) has granted payment operators a fresh window to align with its location-tracking framework for point-of-sale terminals, pushing back the enforcement deadline to August 1,...

Nigeria's federal government recorded a fiscal deficit of just N330 billion in the third quarter of 2025, a figure so dramatically below expectations that it has renewed cautious optimism among...

Kenya's inflation rate surged to 6.7% in May 2026, its highest level in over two years, as relentless fuel price increases driven by Middle East geopolitical tensions rippled through the...

The Nigerian naira ended the trading week on a steady note against the US dollar across both the official and parallel markets on Friday, signalling a fragile but growing stability...

New data from Nigeria's Budget Office has exposed a vast gulf between government projections and reality in Q3 2025, and the numbers make for uncomfortable reading for Africa's largest economy....

The Dangote Refinery emerged in April as the world's single largest exporter of aviation fuel, a landmark achievement that signals Africa's growing weight in the international energy order. The disclosure,...

Oil prices dropped over 1% on Friday, set for their worst week since April, after reports surfaced that the U.S. and Iran had tentatively agreed to a ceasefire and the...

Nigeria's naira maintained a composed footing in the official foreign exchange market on Thursday, trading at approximately ₦1,375.41 to the dollar at the Nigerian Foreign Exchange Market (NFEM) window, according...

Gold prices bounced back sharply on Thursday, recovering from a two-month low as U.S.-Iran diplomatic progress sparked optimism and gave the struggling metal a timely boost. Spot gold climbed 0.5%...