Dangote Petroleum Refinery and Petrochemicals has extended the closing date of its ₦2.15 trillion initial public offering (IPO) by two weeks, giving investors in Nigeria and other African countries more time to apply for shares in the refinery. The offer, which opened on September 14 and was originally scheduled to close on October 13, will … Read more
South African retail giant Pepkor is facing questions from some directors and investors over its R21.3 billion ($1.3 billion) plan to combine its Flash fintech business with payments company Shop2Shop, after concerns emerged about the lack of a shareholder vote and the financial interest of its chief executive, Pieter Erasmus. The transaction, announced in July, … Read more
A Director in the Federal Ministry of Finance, Ali Mohammed, has told the Federal Capital Territory High Court sitting in Maitama, Abuja, that the ministry was not aware of the withdrawal of ₦124.86 billion from the Central Bank of Nigeria (CBN). Mohammed gave the evidence on Tuesday, October 6, 2026, while testifying as the prosecution’s … Read more
The bank accounts of the Osun State Government have been placed under a court-ordered “Post No Debit” restriction following a dispute over a multimillion-dollar arbitration award involving Gamji Nigeria Company Limited. The Federal High Court in Lagos ordered several commercial banks to restrict withdrawals from accounts operated by the Osun State Government while preserving funds … Read more
An insider at MTN Nigeria Communications Plc has sold 8,000 ordinary shares of the telecommunications company in a transaction valued at about ₦6.86 million. The shares were sold on the Nigerian Exchange Limited (NGX) on September 21, 2026, according to the insider share-dealing notification filed by MTN Nigeria. The insider involved is Osebi Ufot, Manager … Read more
Dollar to Naira Today 29th September 2026: Naira Holds Strong at ₦1,321.97 The Nigerian Naira is starting Tuesday strong against the US Dollar. If you are checking dollar to naira today before you send money, buy goods, or pay school fees, here is the official CBN rate today, 29th September 2026. Live Rate Today: This … Read more
Banks operating in Egypt made EGP373.1 billion in net profit during the first half of 2026, marking a sharp increase from the same period last year and highlighting just how profitable the country’s banking sector has become in an environment of elevated interest rates. The latest banking-sector figures show that net profit rose by about … Read more
The latest bank strike news from India has changed just hours before the nationwide industrial action was set to take place. A three-day bank strike which was planned to be held between 28 to 30 September 2026 has been deferred after the United Forum of Bank Unions (UFBU) held a late-night meeting with the Indian … Read more
Dollar to Naira Today 26th September 2026 – Live Rate Update As at Saturday, 26th September 2026, 08:00 WAT, the Nigerian naira is trading at ₦1,326.31 per US dollar at the official CBN window (NFEM) and ₦1,375 to ₦1,390 per dollar at the parallel market, also known as black market or Aboki market in Lagos, … Read more
The long-running financial troubles of Nakumatt Holdings have opened another chapter, with Standard Chartered Bank Kenya moving to take control of rental income from properties linked to the collapsed retailer while also pursuing the sale of the properties to recover more than KSh1.9 billion in unpaid loans. The latest action shows that the collapse of … Read more