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Ethiopia, IFC Sign Framework to Establish First Mortgage Refinance Company

September 3, 2026

Ethiopia’s central bank and the International Finance Corporation (IFC) have signed a framework agreement to establish the country’s first dedicated mortgage refinance company, aimed at easing long-term funding constraints in the banking sector and expanding access to housing finance, Prime Business Africa

What To Do If Your Uber Driver Charges ₦k And Above This Christmas, New Year

Business News·Top Stories·World News

Uber to Cut About 10% of Global Workforce in Major Restructuring

September 3, 2026

Uber will cut about 10% of its global workforce as part of a major restructuring aimed at reducing management layers, consolidating teams and redirecting resources towards growth and future technologies, the company said. In a Wednesday, Sept. 2, 2026 message to employees,

Business News·Opinion·Top Stories

Agricultural Colonialism 2.0: The Business of GMOs in Nigeria

September 3, 2026

Across Nigerian farms, market stalls and social media platforms, a single word now carries the weight of several intersecting anxieties: safety, sovereignty, survival. Genetically Modified Organism (GMO) has become shorthand for a debate that is at once scientific, economic and geopolitical. A

Business News·Top Stories

FX Traders Reduce Dollar, Pound, Euro Rates In Official Window

September 2, 2026

The United States dollar (USD) was traded at N1,326.68 kobo per $1 on Wednesday in the Nigerian foreign exchange market (NFEM), compared to the N1,329.43 kobo per USD recorded on Tuesday. Dollar: NFEM Records N2 Decline In USD Rate Foreign currency traders

Africa·News·Politics

Uganda Army Chief Declares Bid for 2031 Presidency

September 2, 2026

Uganda’s Chief of Defence Forces, General Muhoozi Kainerugaba, has formally declared his intention to run for president in 2031, his political movement said. David Kabanda, head of the chairman’s office of the Patriotic League of Uganda (PLU), announced the decision at a

NGX Market Cap Down N958bn After Losses In Aradel, Regal Insurance

Business News·Top Stories

Nascon, Beta Glass Halt NGX Upward Trend, Lose Over N40.99bn

September 2, 2026

The all-share index (ASI) of the Nigerian Exchange (NGX) depreciated by 63.46 basis points to 246,019.17 ASI on Wednesday, falling below the 246,082.63 ASI reported on Tuesday. This reflected in the market capitalisation of the NGX, which declined to N158.91 trillion, from

Kenyan Protests: President Ruto Dissolves Cabinet

Africa·Business News·News·Top Stories

Ruto Cuts Kenya Cargo Benchmark, Rail Charges After Trader Protests

September 2, 2026

Kenyan President William Ruto on Wednesday ordered a reduction in the customs benchmark for consolidated cargo and sharply lower rail freight charges after protests by small-scale traders over increased import costs, Prime Business Africa reports. Ruto said the benchmark for general

Kaduna Election Tribunal Declares 2023 Governorship Race Inconclusive, Ousts Uba Sani from APC

Opinion·Politics·Top Stories

Governor Uba Sani: Saint or Strategy?

September 2, 2026

Kaduna politics has a way of turning yesterday’s allies into today’s accusers. Last week, Femi Fani-Kayode went viral again. In a trending video, the former minister called Governor Uba Sani “fair-minded” and said he does not discriminate against Christians. Then he turned

Business News·Top Stories

Caverton Offshore Records N8bn Loss As Revenue Drops 10%

September 2, 2026

Caverton Offshore Support Group recorded a 10.88 percent decline in its revenue in the first half (H1) of 2026, dropping to N14.68 billion, below the N16.47 billion generated in the corresponding period in 2025. According to the company’s unaudited consolidated and separate

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Latest

Ethiopia, IFC Sign Framework to Establish First Mortgage Refinance Company

Uber to Cut About 10% of Global Workforce in Major Restructuring

Agricultural Colonialism 2.0: The Business of GMOs in Nigeria

FX Traders Reduce Dollar, Pound, Euro Rates In Official Window

Uganda Army Chief Declares Bid for 2031 Presidency

Nascon, Beta Glass Halt NGX Upward Trend, Lose Over N40.99bn

Ruto Cuts Kenya Cargo Benchmark, Rail Charges After Trader Protests

Governor Uba Sani: Saint or Strategy?

Caverton Offshore Records N8bn Loss As Revenue Drops 10%

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