African markets and business updates

“We want Nigerians to tell us what is wrong, ask questions and help us identify issues so that we can collectively find solutions,” he said.

The Internet Service Providers (ISPs) market in Nigeria remains highly competitive, with the regular entrance of new players challenging the old operators.

The speaker of Senegal's parliament, Ousmane Sonko, a powerful mentor-turned-rival to President Bassirou Diomaye Faye, won re-election Saturday as head of their party amid a political crisis sparked by their falling-out.

The Central Bank of Nigeria (CBN) absorbed N3.04 trillion from the banking system through a single Open Market Operations (OMO) auction conducted on June 5, 2026, as investor demand across three tenors significantly exceeded the N600 billion offered by the apex bank. According to a Nairametrics analysis of CBN OMO auction results and daily financial market data between […]

Ifeanyi Matthew, an expert in automobile and spare part has revealed poor electricity supply as one of the major challenges affecting the business operations in Nigeria. In an exclusive chat with The Guardian, the inconsistent power situation has continued to

HD Hyundai Samho has received Approval in Principle (AiP) from Bureau Veritas Marine & Offshore for a new container ship bow windshield design. The approval follows a Joint Development Project between the two companies. The certificate was presented during Posidonia 2026. The bow windshield sits at the front section of the vessel. It works together with the breakwater to reduce aerodynamic resistance. HD Hyundai Samho said the design improves hull efficiency while lowering manufacturing costs.…

DH Shipbuilding has secured an order for two Suezmax crude oil tankers from an Oceania-based shipping company. The contract is worth KRW282.8 billion in total. Each vessel is valued at KRW141.4 billion, making them the highest-priced ships ordered by the company this year. The latest deal adds to DH Shipbuilding’s growing orderbook after the yard exceeded its annual target during the first quarter. The customer first signed with DH Shipbuilding last year. Since then, the shipowner has steadily increased orders.…

Wärtsilä secured a contract to supply 452MW of power generation equipment and signed a long-term operation and maintenance agreement for the Pecos Power Plant in Texas. The plant belongs to Mercuria Americas and Continental Resources. The project is located in Pecos, Texas. It will provide flexible power generation to support grid reliability as renewable energy penetration increases. Wärtsilä booked an initial 226MW order in the first quarter of 2025.…

The Nigerian Independent System Operator (NISO) has distanced itself from an unauthorised social media account on X, formerly Twitter, operating under the name "Nigeria National Grid."

MTN Nigeria has opened its data billing and network operations to public scrutiny as the telecom operator seeks to address persistent consumer complaints over alleged data depletion and improve customer trust.