Financial markets, banking, economic policy, and business news.
FIFA President Gianni Infantino's announcement that all 2026 World Cup matches are sold out has raised questions about ticketing transparency and revenue projections for the expanded 48-team tournament across North America.
The Nigerian Exchange closed 1,106.72 points higher at 190,427.96 on February 18, driven by sustained buying interest with FCMB Group emerging as the most actively traded stock in a session valued at N35.8 billion.
Sterling Financial Holdings has commenced allotment of N88.1 billion in shares following a successful public offer, while SanlamAllianz General Insurance appointed Jacqueline Uche Agweh as Managing Director and Stanbic IBTC Insurance secured institutional excellence awards.
A UK court has appointed receivers over Nigerian oil company Eroton Exploration and Production after determining conventional enforcement mechanisms proved insufficient to recover $16.6 million in outstanding debt.
President Tinubu signs Executive Order requiring immediate transfer of petroleum revenues to central treasury, marking significant shift in Nigeria's oil revenue management framework.
Central Bank of Nigeria Governor Olayemi Cardoso has called for a coordinated African approach to climate-smart finance, arguing the continent must simultaneously pursue industrialisation and climate resilience objectives.
As Dangote Cement becomes the first issuer to list commercial paper on the Nigerian Exchange, the country's financial infrastructure undergoes a transformation marked by cashless mandates and regulatory pressure on cryptocurrency firms.
Economic experts call for regulatory consistency in Nigeria's Special Economic Zones following $500 million in earnings, warning that policy volatility threatens investor confidence and manufacturing sector expansion.
Finance Minister Enoch Godongwana faces the delicate task of balancing fiscal consolidation with economic growth as he prepares to deliver Budget 2026 on 25 February, with fuel levy increases among the revenue measures under consideration.
Economic commentary from leading analysts highlights Trump administration's growth strategy, South African governance challenges, and strategic importance of the Cape region for US interests, signaling shifts in African market dynamics.
European business leaders and multinational firms operating in Nigeria have called for consistent economic regulations, warning that policy unpredictability threatens the country's ability to attract long-term foreign capital and sustain investor confidence.
Pan-African payments firm Nairagram completed a N10 billion commercial paper issuance within 48 hours, while Nigeria recorded a $14 billion investment increase driven primarily by short-term portfolio flows rather than foreign direct investment.
Nigeria's stock market reached an all-time high of N122 trillion in early February trading, while technical indicators suggest caution. Separately, DStv's SuperSport division confronts operational changes under Canal+ ownership.
Multiple African economies are implementing monetary easing policies as inflation pressures subside, with Zimbabwe achieving sub-10% inflation for the first time in nearly three decades while Nigeria reports sharp food price deceleration.
Fiscal disputes intensify across the continent as regional governors challenge central authorities over revenue distribution, with Kenya's counties demanding Sh534.96 billion and Nigeria's opposition-led states alleging political discrimination in federal disbursements.