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The World Bank Group plans to increase its metals and minerals support fivefold to $19 billion over FY26-FY30, with eight countries signing partnership compacts.

Nigeria's agriculture sector grew 4.39% in the second quarter of 2026, its strongest momentum since 2021, the Federal Government said at World Food Day.

The Maputo Port Development Company and DP World launched a $150 million dredging project to deepen the Port of Maputo's access channel for larger vessels.

Niger's military-led government told CNPC, WAPCO and SORAZ to return more than $5.2 billion in crude export revenue and meet local-content commitments within 45 days.

Kenya's energy regulator raised pump prices for the October-November cycle after the landed cost of imported fuel jumped, even as the government extended a VAT cut.

Kenya's economy expanded 5.1% year on year in the second quarter of 2026, up from 4.9% a year earlier, led by transport, storage and service sectors.

Nigeria has unveiled a portfolio of 65 investment projects requiring a combined $78.5 billion, presented to global investors at the IMF-World Bank annual meetings in Bangkok, with energy and transport accounting for most of the capital sought.

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.

Kenya's Financial Reporting Centre told a parliamentary committee that the country has met 19 of the 21 actions required to leave the global anti-money laundering grey list, but the final assessment will depend on proving the measures work in practice.

The Debt Management Office reported that the Federal Government spent N5.28 trillion servicing domestic debt between January and June 2026, with interest and rentals accounting for N4.95 trillion, spotlighting the cost of a borrowing strategy weighted towards short-dated securities.

Headline inflation eased to 14.63% in September 2026 from 15.39% in August as food prices retreated, but the National Bureau of Statistics reported that core and urban price pressures picked up, complicating the outlook for further rate cuts.

Inconsistent export policies could hurt farmers, says LCCI's Tunde Banjoko, calling for guaranteed offtake, better storage, affordable credit and a commodity board to set benchmark prices.

Kenya has cleared 19 of 21 FATF action items and aims to exit the grey list by April 2027 after raising its cash-withdrawal reporting threshold and moving to tighten rules on frozen assets and proliferation financing.

Worldwide PC shipments dropped 20.1 per cent in the third quarter of 2026, IDC says, the sharpest third-quarter fall on record, leaving Nigeria's imported laptop market exposed to higher prices.

DP World and TGI Group are joining forces to expand integrated logistics services in Nigeria, with TGI set to take an equity stake in DP World Logistics Limited to support trade growth across West Africa.

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.

The country ships raw ore while importing processed products, ceding the industrial and jobs gains that processing would create, industry observers warn.

The naira strengthened at the official window while holding near N1,358 in the parallel market as traders positioned for the September inflation release.

Lower intervention reflects a calmer currency market and record reserves, but analysts caution it may also signal compressed import demand rather than a self-sustaining market.

The Agriculture Ministry and NEPC convene stakeholders to advance strategies for lifting Nigeria's cocoa and coffee output, quality and export earnings.

The Federal Government's WHEAT-NESS programme targets value chain development, MSME support and a dedicated fund as annual wheat consumption and imports hit six to seven million metric tonnes.

NNPC Limited reported a 33% rise in profit after tax to N7.2 trillion for 2025, even as revenue fell 24%, with crude output at a five-year high of 1.77m bpd.

Domestic airlines could lose over N6.6 billion from the planned 25-day closure of Owerri's Sam Mbakwe airport for runway rehabilitation, affecting 55,000 passengers.

The Nigerian Export Promotion Council warns that exporters could lose more than $1 billion a year if they fail to meet EU deforestation rules, with cocoa most exposed.

Foreign capital importation into Nigeria rose by more than 83 percent year-on-year in the first quarter of 2026, led by portfolio investments as global investors returned to the country's money and bond markets.

Africa's largest economy posted a record quarterly trade surplus in the second quarter of 2026 as exports outpaced imports, with non-crude receipts now accounting for more than half of outbound trade.

Dangote Petroleum Refinery reported a profit of about N6.29 trillion (about $4.73 billion) for the first nine months of 2026, cementing its turnaround.

Shell has agreed to sell Shell Nigeria Gas Group to Vaaris Energy Limited, the latest step in the oil major's restructuring of its Nigerian portfolio.

The Central Bank of Nigeria is mopping up excess cash to keep money-market conditions tight, supporting the naira and inflation but keeping borrowing costs elevated.

Five leading Nigerian financial institutions reported a combined pre-tax profit of about N2.29 trillion in the first half of 2026, cementing banking's dominance of corporate earnings.

The naira held broadly steady around N1,370 to the dollar as stronger reserves, tighter policy and returning portfolio inflows kept the currency within a narrow range.

The National Sugar Development Council has unveiled a $7.1 billion, ten-year investment plan to lift annual sugar production above two million tonnes and cut reliance on imports.

Nigeria's foreign direct investment fell 92% month-on-month to $11 million in September, highlighting the gap between hot portfolio money and long-term capital commitments.

The World Bank Group says it is helping to mobilise up to $5.79 billion in private financing for Nigeria in 2026, a push projected to support about 850,000 direct and indirect jobs.

Ten greenfield projects form part of a $7.1 billion, 10-year programme that could reduce import demand if financing, farms and factories are delivered on schedule.

The lender reported N637.6 billion in profit before tax for the six months to June, while after-tax earnings fell and the board proposed a N1.50-per-share interim payout.

The ramp-up is reshaping the import bill and the economics of downstream distribution.

The consolidation reduced outstanding shares to 6.85 billion and reset the reference price to N77 without mechanically changing investors' proportional ownership.

The oversubscribed fifth fund lifts the co-investment platform's assets above $850 million and expands its exposure to emerging-market technology companies.

Higher receipts from energy and agriculture offset a rise in the import bill.

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

External debt stood at the equivalent of ₦75.20 trillion, while the entire debt portfolio was valued at about ...

At least 30 percent of the sovereign-guaranteed funding is expected to support Nigerian small and medium-sized enterprises.

March trade flows marked a structural shift for a country that spent decades importing petrol despite being one of Africa's largest crude producers.

The companies registry said limited parts of its systems were accessed without authorisation, prompting containment work, an investigation and stronger login controls.