Jumia Raises US$50 Million Led by IFC as Revenue Climbs 14%
The Jumia IFC raise brought in $50 million anchored by a $25 million IFC commitment as Q2 2026 revenue rose...
August 13, 2026Topic
Nigeria
NERC Dissolves Kaduna Electric Board Over US$335 Million Market Debt
Nigeria’s regulator NERC dissolved the Kaduna Electric board on 10 August 2026 over N456.5 billion in market debt, appointing an...
August 11, 2026
EU CBI Crackdown Could Reshape Wealthy Nigerians’ Migration Plans
The EU CBI crackdown — Brussels’ push to end Caribbean citizenship-by-investment by 2028 — could sharply cut mobility options for...
August 11, 2026
Nigeria Turns To Asia For Post-Harvest Loss Solutions
Nigeria is seeking Asian technology and finance to tackle post-harvest losses estimated at ₦3.5 trillion annually, with China and India...
August 10, 2026 Nigeria Labour Congress Demands A Fundamental Energy Sector Shake-Up
The Nigeria Labour Congress called in August 2026 for a fundamental shake-up of the energy sector, rejecting a ₦6 trillion...
August 9, 2026 Nigerias NGX Market Value Could Reach US$168.9bn By End 2026 Says CEO
Nigerian Exchange Group CEO Temi Popoola projects the equity market could reach N230 trillion by the end of 2026, up...
August 8, 2026
Nigeria’s NNPC Listing: Tinubu Commits, But Sets No Date
Tinubu says the whole of NNPC will be listed. But he named no date for the NNPC listing, and the...
August 8, 2026
Letshego Sells Five African Units to Axian as Kenya Waits Behind a Legal Snag
Letshego Holdings sells 5 African units in Uganda, Rwanda, Tanzania, Ghana and Nigeria to Axian for US$62.7 million, shrinking to...
August 7, 2026
Nigeria’s NAICOM Issues New Licences to 43 Recapitalised Insurers
Nigeria's NAICOM recapitalisation has licensed 43 insurers that met capital floors of up to ₦35bn (about US$26m), leaving up to...
August 6, 2026