African markets and business updates

Nigeria’s commitment towards the rebirth of coffee through the Nigeria Coffee Revival Initiative (NCRI) will ensure the expansion of the Nigeria export portfolio, employment opportunities for youth and women, increase foreign exchange earnings, deepen rural prosperity and support farmers income

Nigeria has been projected to experience largest increase in food insecurity globally this year with 4.1 million more people to face acute hunger. This is expected to happen between June and August. The projection contained in the 2026 Global Report

Virunga’s park rangers are tasked with fighting off Isis-affiliated militants and preventing spread of a deadly disease

Payaza Africa Limited, a leading payments infrastructure company, has earned strong credit ratings from four major rating agencies, reinforcing its growing reputation as a resilient and credible player in Africa’s financial services ecosystem. The payment company recorded upgrades across the

After over three years of resilience, equities may be giving in to rising insecurity as they shed N4.915 trillion last week alone. As the rising tensions dominate public discussion, investors urged the Federal Government to take urgent steps to curb

As Nigeria’s insurance industry approaches the final phase of recapitalisation, experts have shifted attention from capital adequacy, warning that insurance’s long-term success would depend on its ability to innovate, improve efficiency and expand market reach. The warning comes as insurance

While most Nigerians groaned over the telecom tariff increase of 2025, the CEO of MTN Nigeria, Karl Toriola, said over the weekend that the review saved the country’s telecom sector from collapse. Toriola disclosed this in Lagos during Data on

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) is yet to complete data verification, a critical part of the promised revenue sharing formula review scheduled for completion last year, in three geopolitical zones. Last week, the commission moved to Abia

The Central Bank of Nigeria (CBN) has unveiled a sweeping revision of its foreign exchange regulatory framework, introducing a N100 million penalty for banks that process foreign exchange (FX) transactions without adequate documentation and tightening compliance requirements across the market.

The National Insurance Commission (NAICOM) has engaged global professional services firm, Ernst & Young (EY), to fast-track the implementation of the Risk-Based Capital (RBC) framework, signalling a major shift in the regulation of Nigeria’s Insurance industry. The appointment formalised during