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

The European Union's ambassador to Nigeria, Gautier Mignot, says the country probably has the world's largest number of people living below the poverty threshold, and announced nearly E45 million in humanitarian assistance for 2026 plus E20 million in defence support.

The European Bank for Reconstruction and Development agreed a $20.9 million project financing with Beacon Power Services to deploy smart meters across six Nigerian distribution companies.

The Federal Government, the European Union and the European Bank for Reconstruction and Development signed a €14 million grant in Abuja to fund preparation of a planned 90,000-kilometre national fibre-optic backbone, though the money covers design and capacity building, not deployment.

Asia's cocoa grindings jumped 29.2% in Q3 2026 and Europe's rose 3.2%, pushing prices higher as demand recovers, with implications for Nigeria and Cote d'Ivoire.

Menu Category: Global Tech Europe Moves to Build a Stronger Homegrown Payments Network European payment networks are stepping up...