Saturday, November 14, 2026

Economy

October 13, 2026

Wike claims opposition misleading Nigerians about Tinubu’s performance

FCT minister Nyesom Wike says opposition politicians are misleading Nigerians about President Bola Tinubu’s performance.

Tinubu working on PC
October 13, 2026

Africa’s $2.1 trillion ‘sovereignty deficit’ leaves continent exporting capital, UN Assembly told

Mr Rahman said Africa’s challenge was “not a lack of resources” but a sovereignty deficit preventing African leaders from negotiating fair trade deals with international entities.

African finance ministers
October 13, 2026

IMF warns collateral-backed financing can deepen liquidity risks for African borrowers

IMF warned African borrowers that securing private credit from direct lenders with high-value collateral could increase default and liquidation risk.

IMF building
October 13, 2026

UN chief urges overhaul of global debt architecture as developing countries meet

United Nations chief António Guterres stressed the need to correct power imbalances in the global debt architecture.

African leaders
October 13, 2026

Nigeria, AfDB agree to review ongoing projects to speed up delivery

The Nigerian government and the AfDB have agreed to review projects the bank funds across the country to identify challenges slowing progress and speed up delivery.

finance minister Taiwo Oyedele and AfDB president Sidi Ould Tah
October 13, 2026

Diesel deal with Russia ‘out of the question’, says Germany

German Chancellor Friedrich Merz on Monday said that the recent agreement between the U.S. and Russia regarding diesel exports is “out of the question” for Germany and Europe.

Friedrich Merz.
October 13, 2026

AfDB, Family Bank sign $10 million deal to support trade in Kenya

AfDB and Family Bank have signed a $10 million Trade Finance Line of Creditto expand Kenyan businesses’ access to foreign-currency financing.

Kenyan businesses
October 12, 2026

Africa’s digital payments economy to hit $1.5 trillion by 2030, Mastercard says

The report identified Nigeria, South Africa, Morocco and Kenya as countries facing distinct cybersecurity challenges.

Mastercard
October 12, 2026

IPO: Dangote Refinery extends offer period by two weeks

The extension follows exceptionally strong interest from a broad spectrum of eligible investors across Africa and international markets.

Dangote Petroleum Refinery and Petrochemicals
October 12, 2026

Nigeria became world’s capital of multidimensional poverty under Tinubu’s administration: Report

Nigeria’s multidimensional poverty rate soared to the highest level among countries assessed in 2026, rising more than five per cent in three years.

Nigerians, Tinubu