UAC of Nigeria Plc is set to acquire full ownership of CHI Limited, makers of Chivita and Hollandia, from The Coca-Cola Company—marking a major play in Nigeria’s FMCG industry.
Nigerian stocks are witnessing a historic rally under President Bola Tinubu, with the All-Share Index soaring 136% since May 2023—marking the strongest run under any civilian president since 1999.
Senegal has successfully raised $644 million through a local-currency bond sale, exceeding its target and reinforcing investor confidence despite recent concerns over its debt levels.
Guaranty Trust Holding Company Plc (GTCO) has become the first Nigerian—and West African—financial institution to list its shares on the London Stock Exchange, marking a historic milestone in its global growth strategy.
Nigerian crude prices soared to $72.3 per barrel, outpacing global benchmarks as Houthi attacks in the Red Sea stirred fresh supply concerns. Meanwhile, Dangote refinery eyes a full transition to local crude by year-end.
At the BRICS summit in Brazil, U.S. President Donald Trump threatened a 10% tariff on countries aligning with what he calls the group’s "anti-American policies," further stoking global trade tensions.
The Debt Management Office (DMO) has launched the July 2025 Federal Government of Nigeria (FGN) savings bonds, offering interest rates of up to 16.762% per annum. The subscription runs from July 7 to July 11, 2025.
After nearly three years of restrictions, Nigerian banks have resumed international transactions on naira-denominated cards, offering customers greater flexibility for global payments.
Yikodeen, Nigeria’s leading safety footwear manufacturer, has raised $1.5 million from Aruwa Capital to scale production, expand across West Africa, and boost local job creation. The investment will fund new equipment, factory upgrades, and digital quality control systems while advancing gender inclusion and social impact.
AfDB has awarded a $1 million grant to South Africa's National Business Initiative to support youth-focused green skills development under the Just Energy Transition programme. The funding aims to strengthen skills systems, create jobs, and promote inclusive economic growth.