Dollar trading in Nigeria nearly doubles to $3.37 billion in one week
The value of dollars traded in Nigeria’s foreign exchange market nearly doubled to $3.37 billion in the week ended October
African Markets
GoldBod sells $125m to commercial banks in maiden FX auction
The Ghana Gold Board (GoldBod) has sold approximately US$125 million to commercial banks in its maiden foreign exchange auction under
Nigeria hits 73% financial inclusion target, but 60.4 million adults remain vulnerable
Nigeria’s formal financial inclusion rose to 73% in 2026, exceeding the 70% target under the National Financial Inclusion Strategy (NFIS),
Ethiopian Airlines signs deal to buy 10 Boeing cargo planes
Ethiopian Airlines on Wednesday signed an agreement to buy 10 Boeing cargo planes, a new step towards “further strengthening its
Banks yet to lower lending rates nearly a week after CBN’s MPR cut
Nigerian banks have yet to reduce lending rates nearly a week after the Central Bank of Nigeria (CBN) cut the
COCOBOD sets up Cocoa Capital PLC to raise GH¢16.3bn for cocoa sector
The Ghana Cocoa Board (COCOBOD) has established a special-purpose financing vehicle, Cocoa Capital PLC, to support and supervise a planned
Behind Dangote Refinery’s N2.15 trillion IPO is an army of Nigeria’s top dealmakers
The N2.15 trillion initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals has assembled some of Nigeria’s biggest investment
Chinese electric motorcycle imports to Africa rise 60%
Africa’s imports of electric motorcycles and three-wheelers from China rose sharply in the first half of 2026, underscoring a divide
Mahama: SOE assets rose to over GH¢407bn in 2025
President John Dramani Mahama has disclosed that State-owned Enterprises (SOEs) in Ghana held aggregate assets valued at GH¢407.85 billion as
TotalEnergies flags new oil discovery, enters two exploration blocks in Angola
French oil major TotalEnergies on Thursday announced a new oil discovery in Angola and signed agreements to buy a 40%