African markets and business updates

South Korea’s Ssangyong Engineering & Construction has secured a $2.15 billion contract to design and build Tengah General and Community Hospital, a 1,534-bed acute and community care campus being developed in western Singapore. Commissioned by Singapore’s Ministry of Health, the contract is Ssangyong’s largest hospital project in Singapore so far, with the company describing it […]

The Capital Markets Authority, CMA, of Rwanda has commenced discussions with relevant stakeholders to facilitate the participation of Rwandan investors in the initial public offering, IPO, of Dangote Petroleum Refinery. The regulator, in a statement on Wednesday, said it had observed strong interest in opportunities offered by capital markets and was working to facilitate participation […]

The Nigerian Exchange (NGX) sustained its bullish momentum on Thursday, September 17, 2026, with investors gaining approximately N1.18 trillion as the market capitalization of listed equities rose to N159.9 trillion from N158.71 trillion recorded the previous trading session.

For decades, Nigerians have participated in economic growth primarily as consumers, employees and savers. The capital market offers another avenue: becoming shareholders in the businesses shaping the country’s economic future. The launch of the Dangote Petroleum Refinery and Petrochemicals FZE Initial Public Offering (IPO) brings that possibility into sharper focus. Marketed as an ‘IPO for […] For decades, Nigerians have participated in economic growth primarily as consumers, employees and savers. The capital market offers another avenue: becoming shareholders in the businesses shaping the country’s economic future.…

For decades, Nigerians have participated in economic growth primarily as consumers, employees and savers. The capital market offers another avenue: becoming shareholders in the businesses shaping the country’s economic future. The launch of the Dangote Petroleum Refinery and Petrochemicals FZE Initial Public Offering (IPO) brings that possibility into sharper focus. Marketed as an ‘IPO for […]

By Godwin Oritse The Shipping Association of Nigeria, SAN, has rejected claims that shipping companies impose double charges on importers for electronic cargo release services, saying the allegation confuses different processes and deflects attention from other cost pressures in the nation’s ports. The association, an umbrella body for foreign shipping companies operating in Nigeria, said […]

Nigeria’s natural gas exports rose by 19 % year-on-year to 733,778 million standard cubic feet (MMSCF) in the first eight months of 2026.

By Peter Egwuatu Nigeria’s Net Domestic Assets (NDA) rose by 27.1 per cent year-on-year (YoY) to N101.006 trillion in July 2026 from N79.496 trillion recorded in the corresponding period of 2025, according to the money and credit statistics of the Central Bank of Nigeria, CBN, for July 2026. NDA represents the Central Bank of Nigeria’s […]

By Yinka Kolawole Nigeria’s manufactured goods imports surged Year-on-Year, YoY, by 16.9 per cent to N18 trillion in the first half of 2026 (H1’26), deepening concerns over rising import dependence and the growing pressure on local manufacturers. Latest Foreign Trade Statistics released by the National Bureau of Statistics (NBS) showed that manufactured imports rose from […] By Yinka Kolawole Nigeria’s manufactured goods imports surged Year-on-Year, YoY, by 16.9 per cent to N18 trillion in the first half of 2026 (H1’26), deepening concerns over rising import dependence and the growing pressure on local manufacturers.…

By Emma Ujah, Abuja Bureau Chief The Federal Government (FG) has commenced preparations for the 2027 budget with the inauguration of a subcommittee to review existing fiscal and tax reforms and develop an implementable Finance Bill. The Subcommittee on Fiscal Policy and Tax Reforms was inaugurated yesterday in Abuja by the Minister of Finance and […] By Emma Ujah, Abuja Bureau Chief The Federal Government (FG) has commenced preparations for the 2027 budget with the inauguration of a subcommittee to review existing fiscal and tax reforms and develop an implementable Finance Bill.…