African markets and business updates
Latest headlines from African markets, companies, and business sources.
JPMorgan struggles to forecast oil price as Iran war deepens Nigeria’s petrol concerns
JPMorgan struggles to forecast oil price as Iran war deepens Nigeria’s petrol concerns
The development comes as Nigerians face another increase in petrol prices, with pump prices rising above N1,400 per litre in parts of Abuja amid renewed pressure on global crude and refined-product markets.
NASD appoints Arese Ugwu as acting MD, nine years after SEC suspension
NASD appoints Arese Ugwu as acting MD, nine years after SEC suspension
Meanwhile, Ms Ugwu was among the directors of Partnership Investment Company, suspended for a period of five years in the capital market.
UN envoy visits displaced communities in eastern DR Congo
UN envoy visits displaced communities in eastern DR Congo
UN staffs traveled to Kimoka in North Kivu on Friday, in eastern Democratic Republic of Congo, in an area controlled by M23 rebels, to assess the situation of returnees and their living conditions in conflict-affected areas, as the country also faces its worst Ebola outbreak.
How other Dangote Group companies performed after listing
How other Dangote Group companies performed after listing
Dangote Petroleum Refinery’s N2.15 trillion public offer at N525 per share opened on Monday, September 14, 2026, raising an important question for investors: what happens after the offer and eventual listing?
NAFDAC confirms 48 deaths from toxic alcoholic concoction in Ondo
NAFDAC confirms 48 deaths from toxic alcoholic concoction in Ondo
The National Agency for Food and Drug Administration and Control (NAFDAC) has confirmed that 48 people have died after consuming a locally prepared alcoholic and herbal concoction linked to a mass poisoning outbreak in Ondo State.
Maersk introduces LCL emergency surcharge to Gulf markets
Maersk introduces LCL emergency surcharge to Gulf markets
Maersk has introduced an Emergency Operational Cost Recovery surcharge for Less-than-Container Load shipments to Bahrain, Qatar, Kuwait and Iraq. The surcharge applies to cargo originating worldwide, excluding Far East Asia, and will remain in place until further notice. Effective dates The surcharge took effect for non-regulated countries based on a Price Calculation Date of 17 […]
Inside Lagos’ auto spare parts market where traders protested Chinese retailing activities
Inside Lagos’ auto spare parts market where traders protested Chinese retailing activities
“What we are saying is that they should give us a chance to sell in the market; let them go somewhere else, and they also have shops. We didn’t say they should go out of Nigeria; they should just go out of here,” an auto spare parts trader said.
These founders turned a lockdown problem into an AI startup
These founders turned a lockdown problem into an AI startup
Expense AI uses AI-powered receipt scanning to capture and categorize expenses, allow users to generate customizable reports, track their income, manage their budgets.
Nigeria’s money supply rises to N139.38 trillion in August, up 16.4% YoY
Nigeria’s money supply rises to N139.38 trillion in August, up 16.4% YoY
Nigeria’s broad money supply (M3) rose to N139.38 trillion in August 2026, representing a 16.4% increase from N119.69 trillion recorded in August 2025.
Dangote Refinery’s overlooked advantage could be its working-capital model
Dangote Refinery’s overlooked advantage could be its working-capital model
Dangote Refinery’s N525 public offer conversation has largely centered on valuation, its N2.5 trillion H1 2026 profit and whether those earnings can be sustained.