Stay ahead with curated market intelligence
Signals from top African exchanges, regulators, and operators.
Equities market gains N3.17tn as ASI crosses 250,000 mark
NGX • 12 May 2026, 10:53
Equities market gains N3.17tn as ASI crosses 250,000 mark
NGX • 12 May 2026, 10:53
The equities market extended its bullish run on Monday as the All-Share Index crossed the 250,000-point mark, with investors gaining over N3tn amid sustained buying interest in key stocks. Data from Nigerian Exchange Limited showed that the ASI advanced 2.33 per cent to close at 250,485.54 points, pushing the market’s year-to-date return to 60.97 per […]
Max Air flight makes emergency return to Abuja after takeoff
Premium Times Nigeria • 12 May 2026, 10:41
Max Air flight makes emergency return to Abuja after takeoff
Premium Times Nigeria • 12 May 2026, 10:41
Passengers aboard a Max Air flight from Abuja to Katsina on Monday evening recounted moments of panic after the aircraft reportedly developed a technical fault shortly after takeoff, forcing an emergency return to Abuja.
Sierra Leone opposition raises alarm over alleged drug trafficking links
Africanews EN • 12 May 2026, 10:35
Sierra Leone opposition raises alarm over alleged drug trafficking links
Africanews EN • 12 May 2026, 10:35
The leader of Sierra Leone’s main opposition party has raised fresh concerns over alleged links between the country and international drug trafficking networks.
Congo-Brazzaville asks to open talks with IMF for new economic programme
Africanews EN • 12 May 2026, 10:21
Congo-Brazzaville asks to open talks with IMF for new economic programme
Africanews EN • 12 May 2026, 10:21
The Republic of Congo has formally asked to open negotiations with the International Monetary Fund with a view to establishing a new economic and financial programme.
Naira falls against British Pound, opens trade at N1,886/£1
Nairametrics • 12 May 2026, 10:17
Naira falls against British Pound, opens trade at N1,886/£1
Nairametrics • 12 May 2026, 10:17
The naira showed some weakness against the British currency at the first trading session of the week. The naira settled below the N1890/£1 mark, as it settled at N1885.8/£1 on Monday in the Nigerian foreign exchange market The naira has remained in the N1825–N1950/£1 price range amid the optics in the UK economy and the […]
Prosus boss punts big year for group after hitting R120bn revenue mark
BusinessLIVE / Business Day South Africa • 12 May 2026, 10:07
Prosus boss punts big year for group after hitting R120bn revenue mark
BusinessLIVE / Business Day South Africa • 12 May 2026, 10:07
CEO Fabricio Bloisi has been reshaping the portfolio, clinching some of the group’s largest M&A deals in its history Prosus CEO Fabricio Bloisi has told shareholders to prepare for a year of executing the group’s lofty growth ambitions to become a technology supermajor, buoyed by meeting its target of $7.3bn (R120bn) in revenues. , who doubles up as Naspers CEO, used his annual letter to shareholders to shore up confidence in the group’s growth story, with all of the company’s ecosystems now profitable. “We will release our FY26 numbers in June, and you will see it was a very strong year for Prosus
Military strikes, gang massacres in Nigeria kill around 100 civilians
Africanews EN • 12 May 2026, 10:07
Military strikes, gang massacres in Nigeria kill around 100 civilians
Africanews EN • 12 May 2026, 10:07
The Nigerian military and the "bandit" gangs it is fighting killed around 100 civilians Sunday in one of the bloodiest single days of the country's conflict against armed groups, sources across the country have told AFP.
Soaring Jet Fuel Costs Throw Nigeria’s Airline Industry Into Turmoil
Ecofin Agency • 12 May 2026, 10:07
Soaring Jet Fuel Costs Throw Nigeria’s Airline Industry Into Turmoil
Ecofin Agency • 12 May 2026, 10:07
Nigerian airlines face mounting disruptions tied to soaring Jet A1 prices and fuel shortages. Carriers have reduced flights, delayed schedules and suspended some domestic routes. </
Safaricom Delivers Record FY26 Performance with KES 414 Billion Revenue and KES 100 Billion Profit
Telecom Review Africa • 12 May 2026, 10:02
Safaricom Delivers Record FY26 Performance with KES 414 Billion Revenue and KES 100 Billion Profit
Telecom Review Africa • 12 May 2026, 10:02
Safaricom NSE has announced strong financial results for the year ended March 31, 2026, marked by robust revenue growth, and dividend payout to shareholders. Group net income rose to KES 100 billion, driven by continued customer growth, increased adoption of digital services, and solid performance across core product lines. As part of its FY26 results, […]
Deutschland: EIB stellt der N‑ERGIE 200 Millionen Euro für den Ausbau der Stromnetze bereit – Modernisierung treibt Energiewende in Bayern weiter voran
European Investment Bank / EIB - Africa • 12 May 2026, 10:00
Deutschland: EIB stellt der N‑ERGIE 200 Millionen Euro für den Ausbau der Stromnetze bereit – Modernisierung treibt Energiewende in Bayern weiter voran
European Investment Bank / EIB - Africa • 12 May 2026, 10:00
Die Europäische Investitionsbank (EIB) stellt der N‑ERGIE Aktiengesellschaft ein langfristiges Darlehen in Höhe von 200 Millionen Euro zur Verfügung, um die Modernisierung der Stromnetze in Bayern weiter voranzutreiben und die Vorteile der Energiewende für die Kundinnen und Kunden konkret spürbar zu machen.