Global ride-hailing company Uber has announced plans to wind down its operations in Nigeria and Uganda, effective Wednesday, September 2, 2026. In a statement shared […]
Category: Economy
Nigerian stocks rebound, but September could change the game
Nigerian stocks mounted an aggressive recovery toward the end of the month, reversing a two-week slide after significant volatility in Open Market Operations (OMO), as […]
SEC proposes N3 billion minimum capital for forex brokers, N5 billion for trading platforms
The Securities and Exchange Commission (SEC) has proposed a new regulatory framework for online forex trading and Contracts for Difference (CFDs), setting minimum capital requirements […]
Nigerian equities extend rally, gain N1.91 trillion as ETI, Access Holdings lead advance
Nigeria’s stock market sustained a renewed rally on Monday, August 31, 2026, with N1.91 trillion in gains, extending gains from previous sessions and closing the […]
Why Nigerian startups are turning to debt over equity
Debt now accounts for a record 41% of all capital raised by African tech startups, up from just 17% in 2019, according to Partech Africa’s […]
CBN to sell N700 billion T-Bills September 3 in one of final Q3 auctions
The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), will offer N700 billion across the 91-day, 182-day and 364-day Treasury […]
OPay asks DSS, Police to investigate shutdown rumour
Fintech company OPay says it has requested that the Department of State Services (DSS) and the Nigeria Police launch investigations into recent false information circulating […]
Dangote Sugar, 28% below its high, trades at 493x. Is it cheap?
Dangote Sugar Refinery Plc stock closed at N69 as of August 28, 2026, about 28% below its 52-week high of N95.80. For some stocks, a […]
UAE’s ePointZero enters Africa’s power generation market with 90% acquisition of Azura Power
UAE-based energy infrastructure platform ePointZero is set to enter Africa’s power generation market after agreeing to acquire a 90% stake in pan-African independent power producer […]
Nigerian equities snap 11-day losing streak as FTSE Russell confirms Frontier Market reclassification
The Nigerian equities market rebounded on Thursday, August 27, 2026, ending an 11-day consecutive losing streak, as investor sentiment was buoyed by FTSE Russell’s confirmation […]