African markets and business updates

Nigeria’s largest listed companies have crossed a meaningful threshold.13 of NGX30 firms produce standalone sustainability reports for the year ended December 31, 2024, and eight earn an “Excellent” rating on Sustainable Stories Africa’s 25-point ESG framework.However, beneath the numbers, three critical gaps, absent external assurance, weak Scope 3 disclosure, and zero just-transition planning, threaten to undermine […]

The Nigerian Exchange Limited (NGX) closed Friday’s trading session marginally lower, with market capitalisation easing by N20 billion to N163.66 trillion as investors traded 708.81 million shares across 42,434 deals.

Summit Shipping Line has announced the launch of its new Bharat UAE Shuttle service between India and the United Arab Emirates. According to DynaLiners, the BUS service is understood to be a shortened version of the carrier’s Bharat Red Sea Service, which also included a call at Aden. The revised rotation will be: Mundra – […] Summit Shipping Line has announced the launch of its new Bharat UAE Shuttle service between India and the United Arab Emirates. According to DynaLiners, the BUS service is understood to be a shortened version of the carrier’s Bharat Red Sea Service, which also included a call at Aden.…

The Nigeria Revenue Service (NRS) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) received a combined N123.54 billion as cost of revenue collection from the Federation Account Allocation Committee (FAAC) revenue distributed in June 2026.

Nigeria’s electricity distribution companies (DisCos) failed to collect N45.26 billion from customers out of the N250.79 billion they billed for electricity in July 2026.

The United Nations says it has received just one-fifth of the funding needed to prepare for food crises linked to the El Niño weather phenomenon.

The Port Authority of New York and New Jersey Board of Commissioners has authorised US$ 110 million toward the expansion of Terminal A at Newark Liberty International Airport, advancing a project designed to increase the terminal’s capacity and improve the passenger experience at one of the region’s busiest aviation gateways. The investment will fund the […] The Port Authority of New York and New Jersey Board of Commissioners has authorised US$ 110 million toward the expansion of Terminal A at Newark Liberty International Airport, advancing a project designed to increase the terminal’s capacity and improve the passenger experience at one of the region’s busiest aviation gateways.…

Top Ten Stockbrokers for the week Ended 25-09-2026

NERC said Nigeria’s grid-connected power plants recorded an average available capacity of 4,758 megawatts and generated an average of 4,102 megawatts per hour in August 2026

China United Lines (CU Lines) has placed an order for two 14,000 TEU container ships at Hudong-Zhonghua Shipbuilding. The newbuildings are scheduled for delivery during 2028 and 2029. The vessels will become the largest ships ever operated by CU Lines. The carrier’s biggest owned vessels currently have a capacity of 6,400 TEU. It also operates […] China United Lines (CU Lines) has placed an order for two 14,000 TEU container ships at Hudong-Zhonghua Shipbuilding. The newbuildings are scheduled for delivery during 2028 and 2029. The vessels will become the largest ships ever operated by CU Lines. The carrier’s biggest owned vessels currently have a capacity of 6,400 TEU.…