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Cross River State exports more than 80,000 metric tons of cocoa annually, the Cocoa Association of Nigeria said, positioning the state as a leading supplier in Nigeria’s resurgent cocoa trade as it pushes for direct export channels from its southern port, BusinessDay reported.

The Securities and Exchange Commission has launched an Unclaimed Monies Office through which investors can file complaints over unclaimed dividends, share proceeds and balances, with the regulator following up with relevant parties.

Nigeria’s flagship steel complex needs reliable power, inputs and financing before it can anchor industrialisation, analysts warn.

Widening French-German bond spreads signal concern over France’s deficit and political paralysis, with implications for the euro and African markets.

Regulators hope simpler listings and stronger disclosure will deepen the NGX, but bureaucracy and macro risk remain obstacles.

Refinery closures, sanctions and strong demand are keeping European product markets tight, with knock-on effects for African importers.

Lenders are using AI for credit, fraud and customer service, but weak data, bias and job displacement raise governance questions.

Reserve managers are buying bullion to diversify counterparty risk, with consequences for global gold demand, mining revenue and financial sovereignty.

The extension gives more investors time to participate in a landmark listing that tests African capital-market depth and refinery valuation.

African gold reserves rose 113% as central banks diversified away from dollar assets, strengthening resilience but raising valuation and liquidity questions.

Taiwo Oyedele says improving liquidity and price discovery in the Treasury bill market is essential so investors can exit naira paper without additional risk.

Nigerian Ports Authority MD calls for stronger cybersecurity as ports digitise and adopt AI.

European shares rallied while several African markets declined as regional factors drove divergence.

MobiBank has added a strategic partner and minority shareholder in Nigeria, its first African implementation market, while naming ten priority markets and confirming the group keeps technology, brand and control.

The $327 million purchase of 25% of Kenya Pipeline, disclosed in London, aligns the group with the Kenyan government equity plan for the $16 billion Lamu refinery and the East African allocation of its Lagos IPO.

Nigeria and other African countries renewed calls for local raw-material processing at the Second African Raw Materials Summit, as a bill requiring 30 per cent value addition returned to President Tinubu for assent.

Ecobank Group's memorandum with China's CIPS aims to strengthen renminbi payment connectivity between China and Africa, though operational rollout details remain undisclosed.

The Islamic Development Bank and IFAD signed a cooperation agreement to mobilise up to 50 million for agribusiness value chains, rural SMEs, market access and climate adaptation across their shared African membership.

The Africa Finance Corporation has appointed CBN Governor Olayemi Cardoso as Chairman of its Board of Directors, linking Nigeria's monetary leadership to a pan-African infrastructure financing platform.

More than £2 million from the UK's ZE-Gen Scale-up Fund will back ten African clean energy projects, including 100 solar cold storage units and four solar agricultural hubs in Nigeria.

Cross-border payment infrastructure is moving from a fintech convenience to a core layer of African trade and investment, with new analysis arguing that cheaper, faster settlement is central to unlocking the continent's growth potential.

Pan-African payments network Onafriq is winding down Baxi, its Nigerian agent banking business, after five years, citing inflation, naira depreciation, rising operating costs and the rapid growth of instant account-to-account payments.

Nigeria's certified cloud register, launching under NITDA's National Sovereignty framework, will decide which cloud and data infrastructure providers can handle banks' and other regulated-sector data from October 2026.

Africa's credit outlook has improved as the African Credit Rating Agency (AfCRA) moves to reshape sovereign and corporate risk assessments, challenging international methodologies that have long frustrated African borrowers.

Pan-African conglomerate Amsons Group has agreed to buy Geneva-based Oryx Energies' Tanzanian downstream oil business for more than $230 million, taking on retail stations, storage terminals and a stake in TIPER operations.

Bank of Ghana governor Johnson Asiama says Ghana is in talks with more than 10 African countries on payments interoperability, building on pilots with Nigeria and Rwanda involving CBDCs, stablecoins and mobile wallets.

The IMF's October Sub-Saharan Africa update says subsidy and exchange rate reforms in Nigeria and Ethiopia helped the region absorb the oil shock, but reserves, aid and fiscal space leave little room for another hit.

The National Bank of Ethiopia and PAPSS announced Ethiopia's entry into the continental payments network, enabling local banks to settle cross-border transactions in African currencies without routing through dollar or euro corridors.

Brent eased about 0.5 per cent to roughly $105.30 but was set for a weekly gain as Middle East shipping risk, Hurricane Isaias shut-ins and pressure for a 100 million barrel IEA reserve release kept the market unsettled.

More stocks fell than rose across 17 African exchanges on Thursday, with Uganda leading index gains and Ghana the weakest, while attention shifted to Enoch Godongwana medium-term budget on 21 October and a possible R70 billion revenue windfall.

A memory-chip shortage driven by artificial intelligence data centres is pushing up smartphone prices and shrinking the sub-$100 segment that millions of Africans rely on to get online, with shipments of the cheapest devices falling sharply.

A report by British International Investment and Swedfund estimates a $209 billion financing gap facing Black-owned and Black-led businesses across five sub-Saharan African markets, with Nigeria alone accounting for $131 billion of the shortfall.

Ethiopia has joined the Pan-African Payment and Settlement System to cut hard currency use for intra-African trade, with Addis Ababa set to host PAPSS COWRY 2026 in November.

Dangote Petroleum Refinery is expanding its $1.6 billion IPO into Egypt through a planned depositary receipt programme, with the offer deadline extended to October 27, 2026, to accommodate wider African participation.

Lagos State and the African Development Bank have launched a scheme to support 610 women-led businesses with training, mentoring and grants to improve access to finance.

A Kenyan court cleared an interim order after petitioners cited the wrong land parcel, while Botswana was picked to host the Southern African leg of Dangote's refinery IPO.

Female-founded startups receive less than 1% of African venture funding, research shows, even as Nigerian startups raised $254 million in the first half of 2026.

Nigeria's stock market has surged about 66% this year on domestic money alone, raising the question of how durable a rally can be without foreign investors.

A study by BII and Swedfund found a $209 billion financing gap for Black-owned businesses across five African economies, with Nigeria accounting for $131 billion.

Nigeria-founded fintech Yellow Card has launched in Canada weeks after closing a $40 million funding round, as it pivots from consumer crypto trading to business-to-business stablecoin payments across emerging markets.

Ethiopia has joined the list of investors in Dangote Petroleum Refinery's initial public offering, broadening the deal's pan-African appeal.

Airtel Money has debuted on the London Stock Exchange in one of the largest African listings in years, with a planned secondary listing in Lagos.

Fake recruitment adverts can be distributed through social media posts, messaging groups, unofficial websites and other channels that...

Candidates must hold, or be on track to hold, a Bachelor's, Master's or PhD degree from a four-year U.S.-accredited university or meet...

Nigeria has a large agricultural market and significant production potential, but gaps in processing, technology, productivity and...

Earlier in April, it approved another $266.7m plus CFA30bn for projects across Nigeria, Ghana, Senegal, Côte d’Ivoire and The Gambia. In...

Banks Have More Cash Than They Can Immediately Deploy The CBN data showed that banks’ SDF placements rose from N6.014tn on September 28...

The requirements are expected to begin taking effect from 2027, turning the court case into a potentially significant test of how far...

A Big Move From a Heavyweight A 4% move is significant when it comes from a stock of BUACEMENT's size. The Stock Has Room Below Its...

The Federal High Court dismissed the airline's attempt to block summons issued after passenger complaints about cancelled flights and unpaid refunds.

The sharp month-on-month rebound strengthened state revenue, but comparisons with December require care because deductions and the timing of collections can move between periods.