Stay ahead with curated market intelligence

The Presidential Enabling Business Environment Council, PEBEC, has announced plans to commence a two-day clean-up and enforcement exercise along the Lagos port corridors as part of efforts to improve trade facilitation and enhance efficiency at the nation’s seaports. The operation, scheduled for May 14 and 15, 2026, will be carried out through PEBEC’s Ports and Customs […]

By Yinka Kolawole Analysis of the audited 2025 full-year financial statements of top ten Fast-Moving Consumer Goods, FMCG, companies in Nigeria has revealed that the firms incurred a combined debt burden of about N1.963 trillion, underscoring the mounting pressure facing operators in the consumer goods sector amid soaring inflation, rising interest rates and foreign exchange volatility. […]

Ethiopian EV startup Dodai has closed a US$13 million Series A debt and equity funding round to accelerate the rollout of electric motorbikes and battery swapping infrastructure. Founded in 2023, Dodai is building and operating the infrastructure required to make electric vehicles (EVs) practical, affordable, and scalable in Ethiopia. It focuses primarily on electric two- [...]

By Obas Esiedesa Oil companies in Nigeria exported about 80 percent of the country’s crude oil production in the first quarter of 2026 despite rising demand from domestic refineries. Latest data released by the Nigerian Upstream Petroleum Regulatory Commission showed that out of the 139.93 million barrels of crude oil produced in the first three […]

By Peter Egwuatu   The Nigerian stock market closed at the weekend on a bullish note as investors gained about N1.1 trillion Week-on-Week, W-o-W, driven largely by renewed buying interest in banking and industrial stocks. Data from the Nigerian Exchange Limited, NGX, showed that the market capitalisation, which represents total value of stocks listed on the Exchange […]

Against the backdrop of rising costs of living and declining purchasing power, brewing companies have recorded sharp rise in revenues.

Equatorial Guinea has officially signed a construction and maintenance agreement (C&MA) to join AFR-IX Telecom’s Medusa Africa cable project, which would give the country its second international subsea link.

Every bank transfer exposes pieces of personal information that fraudsters can use over time. Flex, a Nigerian fintech startup, believes replacing account numbers with paytags could help reduce fraud by masking users’ identities during transactions.

Iran has offered to transfer some of its stockpile of highly enriched uranium to a third country in response to the latest US proposal to end 10 weeks of war, but rejected the idea of dismantling its nuclear facilities, the Wall Street Journal reported. As a series of incidents continues to threaten a shaky ceasefire, Tehran hasn’t yet given any public indication it would accept Donald Trump’s plan. The US president proposed that Iran permit passage through the Strait of Hormuz and Washington end its blockade on Iranian ports in the next month. Under the new proposal, Iran would dilute some of its highly enriched uranium and have t

In its business plan for 2026/27, which accompanies the various draft budgets and tariffs for the next financial year, Johannesburg Water is uncharacteristically blunt about the situation it finds itself in. It says the city’s “water and sanitation service in [sic] is experiencing serious challenges and is not sustainable”. It explains: “Long-term under-investment, weakening financial performance and declining services have put CoJ’s [City of Johannesburg’s water and sanitation services into] a compromised position.” It highlights a “long-term and ongoing decline in service performance” – and the numbers are truly astonishing. Stunningly,