Global debt has reached another record high, with total borrowing climbing to about $365.5 trillion by the end of June 2026, according to the latest figures from the Institute of International Finance (IIF). The figure represents an increase of more than $10 trillion during the first half of the year. The pace was slower than…
Ogun State and the Federal Government have signed Memoranda of Understanding with global ports operator DP World for the development of the Gateway Deep Sea Port and the Ogun State Blue Marine Special Economic Zone, in a deal expected to attract more than $7 billion in initial investment. The agreements were signed in Paris on…
Aliko Dangote is preparing for another major expansion of his business empire, with plans to invest more than $10 billion in Africa’s power sector over the next three to four years while also taking his fertiliser business public in 2028. The announcements point to a wider shift in the Dangote Group’s strategy. Rather than focusing…
Nigeria’s economic managers have taken a step toward making fiscal and monetary policy work more closely together, with Finance Minister Taiwo Oyedele and Central Bank of Nigeria Governor Olayemi Cardoso signing a new Memorandum of Understanding on September 21, 2026. The Nigeria fiscal-monetary policy coordination MoU creates a formal framework for regular consultation, information sharing…
Nigeria has secured a major legal victory in the long-running dispute over the Mambilla Hydroelectric Power Project, after an International Chamber of Commerce arbitration tribunal in Paris rejected a $2.35 billion claim brought by Sunrise Power and Transmission Company. The ruling, issued on September 17, also rejected a separate $400 million claim linked to a…
Nigeria has returned to a JPMorgan emerging markets bond index after an 11-year absence, giving the country’s local-currency government bonds renewed exposure to international investors. The development is more than a new line on a global investment benchmark. It marks a reversal of the conditions that pushed Nigeria out of JPMorgan’s earlier index in 2015…
The Dangote Refinery IPO 2026 has triggered an unusually strong rush from Nigerian retail investors, with heavy traffic overwhelming some investment platforms as people attempt to buy shares in Africa’s biggest public offering. The IPO opened on September 14, offering 4.1 billion shares at ₦525 each. Investors can subscribe for as few as 10 shares,…
The Dangote Refinery IPO has received approval from Nigeria’s Securities and Exchange Commission, setting the stage for what could become Africa’s biggest-ever share sale. The company plans to offer 4.1 billion ordinary shares at ₦525 each, potentially raising about ₦2.15 trillion, or $1.63 billion, if fully subscribed. The order book is expected to open on…
Katsina State has attracted more than ₦489.4 billion in investment pledges across agriculture, manufacturing, energy, technology and enterprise development, giving Governor Dikko Umar Radda’s administration a major opportunity to reposition the state as a stronger business destination in northern Nigeria. The commitments came from the state’s 2025 Economic and Investment Summit, which brought together investors,…
Liverpool could soon have some of the biggest names in global business sitting around the ownership table. A consortium led by British-Indian businessman Amit Bhatia is reportedly closing in on a major minority investment in Liverpool, with Amazon founder Jeff Bezos and Facebook co-founder Eduardo Saverin among the investors involved. The stake could be around…
