Financial markets, banking, economic policy, and business news.
Bureau De Change operators report inability to purchase dollars from commercial banks one week after Central Bank of Nigeria announced new foreign exchange guidelines, despite parallel market naira appreciation to N1,385 per dollar.
Continental leaders and entrepreneurs are advancing initiatives to establish independent credit rating agencies and digital platforms, aiming to reduce borrowing costs and amplify African voices in global discourse.
Bank of Industry and MTN Foundation commit N1 billion for women-led enterprises while National Pension Commission licenses first accredited pension agent to expand informal sector coverage.
Banking institutions across Africa are prioritizing profit protection over expansion as operational costs surge and cyber security threats intensify, marking a strategic pivot in the continent's financial sector.
The African Union is advancing institutional reforms to reduce donor dependence through new taxation and financing mechanisms as member states face increasingly constrained access to international credit markets.
January's unexpected drop in inflation to 15.10% has ignited speculation about monetary policy easing, though economists remain divided on whether the Central Bank of Nigeria should act swiftly or maintain its cautious stance.
The African Union is advancing structural reforms to reduce donor dependence as member states confront restricted credit markets, exploring alternative financing mechanisms including new tax frameworks to address mounting fiscal pressures.
Africa's largest refinery operator has signed a major equipment deal with China's XCMG Construction Machinery, targeting a 40% capacity increase that would position the facility among the world's top petroleum processing plants.
Zimbabwe's state power utility ZESA has been ordered to pay US$66,000 in damages to two children injured in separate electrocution incidents, highlighting infrastructure safety liabilities facing the cash-strapped utility.
CardinalStone Partners has completed Nigeria's inaugural ₦501 billion bond issuance under the Presidential Power Sector Debt Reduction Programme, marking the first tranche of a ₦4 trillion multi-instrument facility aimed at resolving chronic sector financing challenges.
European Bank for Reconstruction and Development President Odile Renaud-Basso travels to Nigeria for high-level discussions as BUA Group signs strategic MoU with Abu Dhabi firms for agro-industrial collaboration, marking intensified international financial partnerships across Africa's largest economy.
The Nigerian Exchange surged 4.36% to close at 190,262.44 points on February 16, 2026, marking its first breach of the 190,000 threshold as 26 companies now classified as SWOOTs command N110.54 trillion in combined market capitalization.
Nigeria's central bank has introduced stringent penalties under its revised sanctions regime, targeting commercial banks that bypass accredited cheque printing standards in a move to strengthen payment system integrity.
Nigeria's headline inflation declined marginally to 15.10% in January 2026 from 15.15% in December, while survey data reveals strong public support for monetary easing as the Central Bank prepares for its next policy decision.
As Wema Bank launches its 2026 Bankers-in-Training Program for Nigerian graduates, Canada simultaneously announces scholarship opportunities, presenting young Nigerians with divergent choices between local career building and international academic migration.