African markets and business updates

Nigerians can invest in Dangote Petroleum Refinery and Petrochemicals FZE with a minimum subscription of N5,250 under an initial public offering launched Monday. The company is offering 4.1 billion ordinary shares at N525 each. FCMB Group Chief Executive, LadiBalogun, said the offer gives Nigerians access to a world-scale business while demonstrating the growing reach of […] Nigerians can invest in Dangote Petroleum Refinery and Petrochemicals FZE with a minimum subscription of N5,250 under an initial public offering launched Monday. The company is offering 4.1 billion ordinary shares at N525 each.…

By Onyeme Onome Despite growing interest in Treasury Bills among bank customers, limited knowledge of how the investment works remains a major barrier to wider participation, findings from interviews with some bank customers in Lagos have shown. While some customers said they were familiar with Treasury Bills and had invested in them, others said they […] By Onyeme Onome Despite growing interest in Treasury Bills among bank customers, limited knowledge of how the investment works remains a major barrier to wider participation, findings from interviews with some bank customers in Lagos have shown.…

By Babajide Komolafe The Central Bank of Nigeria (CBN) may delay a reduction in its Monetary Policy Rate (MPR), as rising prices of crude oil and Premium Motor Spirit (PMS) create fresh uncertainty over inflation, according to United Capital Research. MPR is the benchmark interest rate that determines cost of money in the financial system. […] By Babajide Komolafe The Central Bank of Nigeria (CBN) may delay a reduction in its Monetary Policy Rate (MPR), as rising prices of crude oil and Premium Motor Spirit (PMS) create fresh uncertainty over inflation, according to United Capital Research. MPR is the benchmark interest rate that determines cost of money in the financial system.…

In today's edition: e-finance gets shareholder approval for Tamweely deal || Spiro secures debt for expansion || Paymob raises $35 million || StanChart chases Nakumatt debt In partnership with Lire en Français اقرأ هذا باللغة العربية Good morning. It’s raining money in African tech this week. Paymob has raised $35 million. Spiro also secured more debt funding, and e-finance gets shareholder approval for its Tamweely deal in Egypt. Speaking of money, Kenyan TikTok creators may soon see less of it in their payouts. TikTok is asking creators for their tax and residency details as it prepares to comply with Kenya’s digital content tax rules.…

Peter Egwuatu Currency outside banks in Nigeria more than doubled in three years, rising by 119.3 per cent between August 2023 and August 2026, according to the Central Bank of Nigeria, CBN’s Money and Credit Statistics. The amount of currency outside the banking system increased to N4.874 trillion in August 2026, from N2.223 trillion in […] Peter Egwuatu Currency outside banks in Nigeria more than doubled in three years, rising by 119.3 per cent between August 2023 and August 2026, according to the Central Bank of Nigeria, CBN’s Money and Credit Statistics. The amount of currency outside the banking system increased to N4.874 trillion in August 2026, from N2.223 trillion in August 2023.…

Kenya-based Spiro, a leader in two-wheel transportation and battery-swapping, has banked an additional US$18 million in debt funding from Africa Go Green Fund (AGG), a climate-focused debt fund managed by Cygnum Capital, to expand in Uganda and Rwanda. Spiro is Africa’s largest electric mobility company, operating the continent’s most extensive and fastest growing network of [...] Kenya-based Spiro, a leader in two-wheel transportation and battery-swapping, has banked an additional US$18 million in debt funding from Africa Go Green Fund (AGG), a climate-focused debt fund managed by Cygnum Capital, to expand in Uganda and Rwanda.…

President Vladimir Putin’s United Russia party has tightened its grip on parliament, winning a record 355 seats in Russia’s 450-seat Duma in a tightly orchestrated election.

Cameroon has trained 34 new trainers under a program designed to expand local production of sports equipment and support youth-led businesses in a market partly supplied by imports. The participants received their certificates in Yaoundé on September 17 under the Project for the Socio-economic Integration of Young People through the Creation of Micro-enterprises for the Manufacture of Sports Equipment, PIFMAS. The program is run by the Ministry of Youth Affairs and Civic Education, MINJEC, in collaboration with the Conference of Ministers of Youth and Sports of La Francophonie, CONFEJES. The beneficiaries completed 10 days of technical and business training.…

About 22 companies listed on the Nigerian Exchange Limited, NGX, are carrying varying levels of debt, totalling N21.3 trillion in the second quarter of 2026, as they seek to finance their operations and generate profits. By Peter Egwuatu About 22 companies listed on the Nigerian Exchange Limited, NGX, are carrying varying levels of debt, totalling N21.3 trillion in the second quarter of 2026, as they seek to finance their operations and generate profits.…

As Houthi forces took strategic spots around the Red Sea this was for the first time, an actor that had projected power over the strait by missile and drone now held ground on it. As Houthi forces took strategic spots around the Red Sea this was for the first time, an actor that had projected power over the strait by missile and drone now held ground on it. 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