Stanbic IBTC Holdings Plc has released its H1 2026 results, reporting a 40.13% increase in profit before tax for the period ended June 30, 2026. […]
Category: Economy
Benin, Togo, Niger leave $10.17 million unpaid on Q2 2026 power invoices — NERC
Electricity customers in Benin, Togo and Niger left $10.17 million unpaid on power invoices issued by Nigeria’s Market Operator (MO) in the second quarter of […]
NNPC Group’s tax, royalty payments rise 150% to N14.7 trillion in 2025
NNPC Group’s income tax and royalty payments rose 150% to N14.71 trillion in 2025 from N5.88 trillion in 2024. This is according to its 2025 […]
CBN says capital buffer is a starting point of recapitalisation reform, not the end
The Central Bank of Nigeria (CBN) has said stronger capital buffers are only the starting point of banking sector recapitalisation, with the next phase requiring […]
Africa’s biggest REIT markets in 2026, ranked by value
Africa’s REIT market comprises 49 operational REITs with an estimated market value of $30 billion and listed market capitalisation of about $21 billion, according to […]
Kenyan investors seek access to Dangote Refinery IPO through NSE GDRs
Kenyan investors and capital market participants are seeking access to Dangote Refinery’s ongoing initial public offering through a proposed Global Depositary Receipt (GDR) listing on […]
Kenyan investors seek access to Dangote Refinery IPO through NSE GDRs
Kenyan investors and capital market participants are seeking access to Dangote Refinery’s ongoing initial public offering through a proposed Global Depositary Receipt (GDR) listing on […]
Manufacturers or money managers? Consumer goods firms hold N587 billion cash in 2026
Nigeria’s consumer goods companies make products that fill kitchen shelves, dining tables and refrigerators. But for some, keeping money in the bank has also become […]
Dangote Projects amasses nearly 7,000 machines, claims world’s largest construction fleet
Dangote Projects Ltd, the construction arm of Dangote Industries Limited, has become the world’s largest construction company by construction equipment holdings, with nearly 7,000 pieces […]
Tullow Oil shares crash 50% after Ghana wins $196.5 million tax dispute
Shares of UK-based Tullow Oil Plc crashed by about 50% on Wednesday after Ghana won a long-running arbitration dispute over a $196.5 million corporate income […]