African markets and business updates

Compagnie fermière du Cameroun (CFC), a subsidiary of Société anonyme des boissons du Cameroun (SABC), sharply narrowed its loss in 2025, bringing its maize-processing business closer to break-even after four consecutive loss-making years. The company posted a net loss of CFA484.8 million, down 80.3% from CFA2.46 billion in 2024, according to Somdia financial statements reviewed by Business in Cameroon . CFC generated CFA14.38 billion in revenue excluding taxes during the year. The improvement marks a significant reduction in its annual deficit, but the company has yet to become profitable. CFC lost CFA2.99 billion in 2023 and CFA3.81 billion in 2022.…

By Rosemary Iwunze The National Pension Commission, PenCom, said it is targeting a total capital commitment of N300 billion to deepen critical infrastructure investment across Nigeria, with actual asset deployments set to commence by the second quarter of 2027. Speaking to the media at the backdrop of the Pension Industry Leaders Council (PILC) meeting in […]

The official said the claim may have been prompted by OPay’s My BizPayment feature, which provides users with a separate account number for business transactions.

By Cynthia Alo & Kafayat Kokumo The Nigerian Export Promotion Council, NEPC, has said that it is targeting between $9 billion and $10 billion in non-oil exports by 2035 from the South-West region through increased agricultural production, value addition and export-oriented industrialisation. Regional Coordinator, Southwest, NEPC, Mr. Benedict Itegbe, disclosed this on Wednesday at the […]

Meskel, the Finding of the True Cross, was colorfully celebrated today, 27 September, across the country. At the celebratory event held at Bahti Meskerem Square, Ministers, senior Government and PFDJ officials, Archbishops, Bishops and members of the Holy Synod, religious leaders, members of the diplomatic community, and thousands of the faithful attended a prayer service led by His Holiness Abune Basilios, the 6th Patriarch of the Eritrean Orthodox Tewahdo Church. Teacher Simon Beyene from the Office of the Patriarch gave a detailed briefing on the historical background of the Meskel holiday.…

By Emma Ujah, Abuja Bureau Chief The Federal Government (FG) has reduced the penalty interest rate for late settlement of tax liabilities, with the new regime taking effect from October 1, 2026. Under the new arrangement, interest on tax liabilities payable in naira will be pegged to the Central Bank of Nigeria’s (CBN) Monetary Policy […]

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In today's edition: ARC Ride expands to South Africa || Egypt’s biggest banks are taking more profits || South Africa frees unused mobile spectrum || Kenya recorded 11.12 billion cyber threats In partnership with Lire en Français اقرأ هذا باللغة العربية Good morning. Did you know that a one-time salary can buy you a lifetime opportunity? Get 20% off your Moonshot 2026 ticket and spend two days at the National Theatre, Lagos, alongside founders, investors, operators, creators, and talent from across Africa and beyond. Moonshot gives you access to the people, ideas, and opportunities that could influence what you build, fund, or pursue next. The 20% Salary Week offer ends Monday, October 5.…

…As petrol imports dips 26% to 14.6m litres By Obas Esiedesa & Ediri Ejoh Crude oil receipts by Nigerian domestic refineries increased by 16.75 percent in August 2026, rising to 683,000 barrels per day (b/d) from 585,000b/d in July, according to the latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The […]

“I always know Nigerians to be very great people, very aggressive go-getters. But I didn’t anticipate that it was at this scale,” Mr Ruto said.