Economy

Digital Adoption Gap Threatens Africa’s $290 Billion Mobile Economy Potential

Africa’s rapidly expanding mobile sector could contribute nearly $290 billion to the continent’s economy by the end of the decade,…

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Nigeria’s Inflation Rate Rises to 15.93% in May as Food Prices Remain Elevated

Nigeria’s headline inflation rate increased to 15.93 percent in May 2026, up from 15.69 percent recorded in April 2026, according…

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Sterling HoldCo Shareholders Approve Capital Restructuring, $400 Million Fundraising Plan at AGM

Sterling Financial Holdings Company (Sterling HoldCo) Plc has secured shareholder approval for a major capital restructuring and a fresh fundraising…

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Nigeria’s Inflation Rate Seen Falling Further on Stable Food Costs

Nigeria’s headline inflation rate is expected to decline to 15.02 percent in May 2026 from 15.56 percent recorded in April,…

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Nigeria Earns Additional $1.86 Billion from Non-Crude Exports as Alternative Trade Sectors Expand

Nigeria recorded a significant increase in foreign exchange earnings from non-crude exports in 2025 with receipts rising by $1.86 billion…

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Access Holdings Generates ₦85.5 Billion from Digital Banking, Outpaces Rivals

Access Holdings Plc emerged as the highest earner from electronic banking services in the first quarter (Q1) of 2026 after…

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IMF Forecasts $20.7 Billion Increase in Nigeria’s External Debt by 2027

Nigeria’s external debt stock is projected to rise significantly over the next two years as the country continues to rely…

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Nigeria Unveils $1 Billion AfCFTA Facility to Support Export Growth

The Federal Government has introduced a $1 billion financing programme aimed at strengthening the capacity of Nigerian businesses to compete…

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Ecobank Approves $40 Million Dividend, Renews Directors’ Mandates at 38th AGM

Ecobank Transnational Incorporated (ETI) has approved a total dividend payout of $40 million for the 2025 financial year following the…

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FCMB Profit Jumps 137% in Q1 But Loan Contraction and Trading Losses Signal Defensive Strategy

FCMB Group delivered another impressive quarter in Q1 2026 as profit after tax surged 137.4 percent year-on-year to ₦76.53 billion…

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