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Ethiopia Set to Overtake South Africa with Continent’s Largest Airport

Ethiopia has started building what could become Africa’s largest airport, a $12.5 billion project that aims to outpace South Africa’s OR Tambo International and position the country as a continental aviation hub. Construction has officially begun in Bishoftu, about 45 kilometres south-east

January 13, 2026

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Top Stories

Dollar Rate Increases In Black Market

The parallel market recorded N1,479.99 kobo per dollar on Monday, January 12, compared to the N1,477 per USD reported on Friday, January 9, indicating the naira depreciated by 0.20 percent. Also, the foreign exchange rate for the American greenback increased by N2.99

January 12, 2026

Business·Top Stories

Redstar Express, ETranzact Extend NGX Upward Trend With N744.99bn Gain

The Nigerian Exchange (NGX) recorded a N744.99 billion increase in the bourse’s market capitalisation after the all-share index (ASI) expanded by 0.58 percent on Monday, January 12. According to NGX data, the market capitalisation of the Nigerian stock market grew from N103.77

January 12, 2026

Mike Adenuga Loses $300million As Net-worth Further Declines To $3.3bn

Business·Top Stories

Mike Adenuga Experienced Mixed Fortunes In Stock Market In 2025

Mike Adenuga, the founder of Globacom, a telecommunications company, and the third richest person in Africa, experienced mixed fortunes in the Nigerian Exchange (NGX), also known as the stock market, in 2025. According to an analysis of his investment portfolios in the

January 12, 2026

Nigerian Govt Publishes New Tax Laws In Gazette

Business·Finance & Economy·News·Top Stories

New Tax Act Faces Hurdles: Rent Relief Limits, Forex Restrictions Raise Concerns

The Chairman of the Alliance for Economic Research and Ethics (AERE), Dele Kelvin Oye, has warned that limitations in the Nigeria Tax Act 2025 could hinder its successful implementation. Speaking at a presentation, Oye highlighted issues like the cap on rent relief

January 12, 2026

Business·News·Top Stories

Ghana Raises 20% Above Target in Treasury Bill Auction

Ghana has raised GH¢9.081bn in its first Treasury bill auction of the year, exceeding its initial borrowing target and signalling strong investor appetite for short-term government debt. The auction, held on 8 January, received bids totalling GH¢9.1bn for 91-day, 182-day and 364-day

January 11, 2026

Business·Finance & Economy·News·Top Stories

Ghanaian President to Pay Tax Like Other African Leaders

Ghana’s president is set to become liable for personal income tax on his salary and allowances for the first time, under proposals that would align the country with a small number of African states where presidential pay is taxed. The recommendation comes

January 11, 2026

Business·News·Oil & Gas·Top Stories

Dangote Refinery Prices, Import Surge Highlight Market Tensions

Industry data suggest that delays in adjusting Dangote Refinery’s petrol depot price contributed to a surge in fuel imports by marketers in November 2025. Analysis of the pricing data shows that under an October agreement, the refinery limited direct sales to independent

January 11, 2026

Business·Markets·Power·Top Stories

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity plants, has drawn attention after politically connected figures assumed top positions. Billionaire Femi Otedola sold his controlling stake to Abuja-based Ma’am Energy Limited for $700–$750 million. Senator Abdulaziz Yari was subsequently appointed

January 11, 2026

Business·News·Top Stories

China–Nigeria Trade Reaches $22.3bn, Beijing Says

Trade between China and Nigeria reached $22.3bn in the first ten months of 2025, China’s consul-general in Lagos has said. Yan Yuqing told a media forum in Lagos that the figure represented a 30% increase compared with the same period last year.

January 9, 2026

Business·News·Top Stories·Transport

$9.5m UK Loot Earmarked for Completion of Abuja–Kano Road

More than $9.5m recovered from corruption-linked funds in the UK will be used to complete sections of the Abuja–Kano Road, Nigerian and Jersey authorities have said. The money, held in a bank account in Jersey, was forfeited after a court ruled that

January 9, 2026

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Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

GivTrade Secures UAE SCA Category 5 Licence

GivTrade, an international multi-asset brokerage providing access to global markets

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

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Business

Ethiopia Set to Overtake South Africa with Continent’s Largest Airport

Dollar Rate Increases In Black Market

Redstar Express, ETranzact Extend NGX Upward Trend With N744.99bn Gain

Mike Adenuga Experienced Mixed Fortunes In Stock Market In 2025

New Tax Act Faces Hurdles: Rent Relief Limits, Forex Restrictions Raise Concerns

Ghana Raises 20% Above Target in Treasury Bill Auction

Ghanaian President to Pay Tax Like Other African Leaders

Dangote Refinery Prices, Import Surge Highlight Market Tensions

Behind the Geregu Power Sale: Politics and a $750m Deal

China–Nigeria Trade Reaches $22.3bn, Beijing Says

$9.5m UK Loot Earmarked for Completion of Abuja–Kano Road

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Unity, Credible Leadership Take Centre Stage as Obi, Obasanjo, Atiku Speak at Abuja Symposium

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Behind the Geregu Power Sale: Politics and a $750m Deal

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GivTrade Secures UAE SCA Category 5 Licence

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

Ethiopia Set to Overtake South Africa with Continent’s Largest Airport

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