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business News

Sunil Taldar: Why Airtel Mobile Money will be listed in London
business

Sunil Taldar: Why Airtel Mobile Money will be listed in London

Airtel Africa has confirmed that London will be the preferred listing venue for its Airtel Money business, saying the move will provide access to a broad international investor bas

Jul 23, 20261 min read
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Nigerian equities slump 0.50% driven by maximum losses in Nestlé, BUA Foods
business

Nigerian equities slump 0.50% driven by maximum losses in Nestlé, BUA Foods

The Nigerian equities market snapped its two-day rally on Wednesday, July 22, 2026, with the NGX All-Share Index (ASI) declining 0.50% to close at 245,418.37 points, down from 246,

Jul 23, 20261 min read
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Africa’s top airlines: Meet the CEOs behind the continent’s aviation boom
business

Africa’s top airlines: Meet the CEOs behind the continent’s aviation boom

Based on July 2026 seat capacity, here are the CEOs leading the continent's largest airlines and the executives steering Africa's aviation industry through its next phase of growth

Jul 23, 20261 min read
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Nigeria’s money supply jumps to N133.25 trillion despite 26.5% interest rate
business

Nigeria’s money supply jumps to N133.25 trillion despite 26.5% interest rate

Nigeria’s broad money supply rose to N133.25 trillion in June 2026 from N129.21 trillion in May, even as the Central Bank of Nigeria (CBN) maintained its benchmark interest rate at

Jul 23, 20261 min read
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Ebola deaths surpass 1,000 as Africa races to contain fastest-growing outbreak
business

Ebola deaths surpass 1,000 as Africa races to contain fastest-growing outbreak

The death toll from the Ebola outbreak in the Democratic Republic of Congo (DRC) has surpassed 1,000, intensifying efforts by African and global health authorities to contain what

Jul 23, 20261 min read
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Bank of Ghana warns traders against rejecting cedi coins
business

Bank of Ghana warns traders against rejecting cedi coins

The Bank of Ghana (BoG) has warned traders, transport operators, businesses and the general public against rejecting cedi coins during commercial transactions, reminding them that

Jul 23, 20261 min read
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Ghana holds interest rate at 14% as Middle East tensions fuel inflation concerns
business

Ghana holds interest rate at 14% as Middle East tensions fuel inflation concerns

The Bank of Ghana has maintained its benchmark interest rate at 14%, opting to keep monetary policy unchanged as policymakers assess mounting inflation risks stemming from renewed

Jul 23, 20261 min read
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NAFDAC begins nationwide mop-up of banned sachet alcohol
business

NAFDAC begins nationwide mop-up of banned sachet alcohol

The National Agency for Food and Drug Administration and Control (NAFDAC) has commenced a nationwide mop-up exercise to remove alcoholic beverages packaged in sachets and polyethen

Jul 23, 20261 min read
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H1 2026: Transcorp Hotels Plc Consolidates Growth, Reports ₦13.7 Billion PBT
business

H1 2026: Transcorp Hotels Plc Consolidates Growth, Reports ₦13.7 Billion PBT

Transcorp Hotels Plc (NGX: TRANSCOHOT), the hospitality subsidiary of Transnational Corporation Plc (“Transcorp Group”), has announced its... The post H1 2026: Transcorp Hotels Plc

Jul 23, 20261 min read
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Guinness Nigeria Declares Additional Interim Dividend Following Strong Q2 Performance
business

Guinness Nigeria Declares Additional Interim Dividend Following Strong Q2 Performance

Guinness Nigeria Plc has announced its unaudited financial results for the quarter ended 30 June 2026, delivering another quarter of strong financial performance and declaring an a

Jul 23, 20261 min read
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PAC Foundation graduates 25 young women from Girls Can Code cohort 4
business

PAC Foundation graduates 25 young women from Girls Can Code cohort 4

PanAfrican Capital Foundation (PAC Foundation) has successfully concluded the fourth cohort of its flagship Girls Can Code (GCC) initiative, equipping 30 young women with in-demand

Jul 22, 20261 min read
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FMBN to complete 962 Abuja homes after recovery of $65 million housing project
business

FMBN to complete 962 Abuja homes after recovery of $65 million housing project

The Federal Mortgage Bank of Nigeria (FMBN) is set to complete 962 housing units in Abuja after the recovery of a housing project financed with a $65 million loan that was allegedl

Jul 22, 20261 min read
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Unlocking Value in Nigeria’s Capital Markets: Opportunities Across Fixed Income and Equities
business

Unlocking Value in Nigeria’s Capital Markets: Opportunities Across Fixed Income and Equities

Nigeria’s capital market is undergoing one of the most significant transformations in its modern history. Economic reforms, evolving monetary policy, increasing domestic part

Jul 22, 20261 min read
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FCMB Moves to Unlock Capital for Healthcare Growth
business

FCMB Moves to Unlock Capital for Healthcare Growth

First City Monument Bank (FCMB) will on July 28, 2026, convene healthcare operators, financiers, investors, policymakers, development partners and industry experts at the inaugural

Jul 22, 20261 min read
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Coscharis moves to appeal judgment approving closure of its premises over Range Rover dispute
business

Coscharis moves to appeal judgment approving closure of its premises over Range Rover dispute

Coscharis Motors Limited has sought leave of the Federal High Court in Abuja to appeal its judgment ordering the Federal Competition and Consumer Protection Commission (FCCPC) to "

Jul 22, 20261 min read
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Amazon announces job cuts in AI unit months after 16,000 layoffs
business

Amazon announces job cuts in AI unit months after 16,000 layoffs

Amazon has cut jobs within its artificial general intelligence (AGI) division, marking the latest round of workforce reductions at the company as it sharpens its focus on priority

Jul 22, 20261 min read
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Nigeria bonds: Top issuers paid up to 20% to raise debt in H1 2026
business

Nigeria bonds: Top issuers paid up to 20% to raise debt in H1 2026

Corporate borrowers and state-backed issuers paid as much as 20% to access Nigeria's debt capital market in the first half of 2026, underscoring the elevated cost of long-term fund

Jul 22, 20261 min read
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UH Real Estate Investment Trust reports N518.5 million profit in H1 2026
business

UH Real Estate Investment Trust reports N518.5 million profit in H1 2026

UH Real Estate Investment Trust (UH REIT) has reported net income of 518.50 million for the six months ended June 30, 2026, up 19.86% from N432.59 million in the corresponding peri

Jul 22, 20261 min read
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