African markets and business updates

By Matthew Johnson The Enhancing Financial Inclusion and Advancement (EFInA) has released its ninth Access to Financial Services in Nigeria (A2F) Survey, showing that 79% of Nigerian adults use a financial product or service. Formal inclusion reached 73%, exceeding the 70% target under the National Financial Inclusion Strategy. EFInA’s Board Chair, Dr Agnes Olatokunbo Martins, […] By Matthew Johnson The Enhancing Financial Inclusion and Advancement (EFInA) has released its ninth Access to Financial Services in Nigeria (A2F) Survey, showing that 79% of Nigerian adults use a financial product or service.…

By Obas Esiedesa, Abuja The Transmission Company of Nigeria (TCN) has launched a new anti-corruption framework aimed at tackling corruption, unethical practices and strengthening transparency and accountability across the company. The framework, unveiled on Tuesday at the TCN headquarters in Abuja, comprises four policies covering anti-bribery and corruption, anti-money laundering and fraud, conflict of interest […] By Obas Esiedesa, Abuja The Transmission Company of Nigeria (TCN) has launched a new anti-corruption framework aimed at tackling corruption, unethical practices and strengthening transparency and accountability across the company.…

The global leader in belt conveyor and bulk material flow technology, Martin Engineering, has broadened its footprint in the West African nation of Ghana by partnering with Aggrey & Associates, one of the country’s most trusted mining and industrial operations consultants. With offices in the UK and Ghana, Aggrey & Associates has a track record …

By Udeme Akpan, Energy Editor Petrol prices fell by as much as N24 per litre at major depots in Lagos on Tuesday, while other markets recorded smaller reductions, raising expectations that filling stations could begin cutting pump prices as they replenish their stocks. The development came amid a decline in international crude oil prices, with […] By Udeme Akpan, Energy Editor Petrol prices fell by as much as N24 per litre at major depots in Lagos on Tuesday, while other markets recorded smaller reductions, raising expectations that filling stations could begin cutting pump prices as they replenish their stocks.…

Ghanaian agri-tech startup Complete Farmer has secured a US$2.4 million convertible loan from the International Finance Corporation (IFC) to scale up and finance inputs and agronomy services for farmers, complemented by US$480,000 in advisory to strengthen its systems and capacity to expand farmer financing. Founded in 2017, Complete Farmer is an agricultural trading company connecting [...]…

Spain’s new marine fuel regulation could lead to shifts in bunker volumes between European ports if similar requirements are not introduced consistently across neighbouring markets, according to PortXchange. The maritime technology company pointed to developments in Rotterdam after the Netherlands introduced a binding decarbonisation obligation for marine fuel suppliers at the beginning of 2026. PortXchange […] Spain’s new marine fuel regulation could lead to shifts in bunker volumes between European ports if similar requirements are not introduced consistently across neighbouring markets, according to PortXchange.…

Football federation head is a frontrunner to become prime minister ahead of crucial tournament

MSC’s reported talks over the German government’s 80% stake in Meyer Werft look and a defence-adjacent yard in Romania point to the same strategic shift. MSC’s reported talks over the German government’s 80% stake in Meyer Werft look and a defence-adjacent yard in Romania point to the same strategic shift. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost your password? Don't have an account? Register

Mixed reactions yesterday trailed the Central Bank of Nigeria, CBN’s cut on interest rate by three per cent, as the Monetary Policy Rate, MPR, was reduced from 26.5 per cent to 23 per cent. ***CBN cuts rate to 23%, says stability achieved ***Rate cut still too high to boost businesses — NCMDLCA By Emma Ujah, Abuja Bureau Chief, Babajide Komolafe, Peter Egwuatu, Yinka Kolawole, & Efe Onodjae Mixed reactions yesterday trailed the Central Bank of Nigeria, CBN’s cut on interest rate by three per cent, as the Monetary Policy Rate, MPR, was reduced from 26.5 per cent to 23 per cent. The governor of the apex bank, Mr.…

ID Logistics has strengthened its UK leadership team with three senior appointments as the company expands its operations in the country. The contract logistics group has appointed Jagdeep Loha as Head of IT, Alan Woodward as Head of Business Development and Jean-François Noel as Head of Contract Management. Three senior appointments Loha brings more than […] ID Logistics has strengthened its UK leadership team with three senior appointments as the company expands its operations in the country. The contract logistics group has appointed Jagdeep Loha as Head of IT, Alan Woodward as Head of Business Development and Jean-François Noel as Head of Contract Management.…