Nairametrics
Destination for Business news and analysis from Africa's largest economy
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Latest posts
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Edo signs MoU with China Express Airline, KDN Aero for proposed state-owned carrier
The Edo State Government has signed a Memorandum of Understanding (MoU) with China Express Airline and KDN Aero towards establishing its proposed state-owned airline, Edo Air. The post Edo signs MoU with China Express Airline, KDN Aero for proposed state-owned carrier appeared…
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Nigerian stocks gain N307 billion as Transcorp Power, banks drive market rally
The Nigerian equities market gained over N307 billion on Wednesday, November 4, 2026, extending its positive momentum as gains in Transcorp Power, GTCO, Zenith Bank and UBA lifted the benchmark index higher. The post Nigerian stocks gain N307 billion as Transcorp Power, banks…
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Dangote Cement, BUA spend N797 billion in energy cost
Dangote Cement Plc and BUA Cement Plc spent a combined N797.1 billion on energy in the first nine months of 2026. The post Dangote Cement, BUA spend N797 billion in energy cost appeared first on Nairametrics .
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Dangote raises Africa investment target to $60 billion, begins $2.5 billion Namibia project
Aliko Dangote, President of Dangote Group, has increased his investment target for Africa’s industrialisation from $50 billion to $60 billion by 2030, as he expands his energy infrastructure footprint across the continent. According to Bloomberg, the billionaire announced the…
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Champion Breweries’ 9M 2026 pre-tax profit drops to N917.52 million as finance costs surge
Champion Breweries Plc has released its unaudited Q3 2026 financial results, reporting a pre-tax profit of N917.52 million for the nine months ended September 2026, marking a 70.77% year-on-year (YoY) decline from N3.14 billion in the same period of 2025. The post Champion…
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Nigeria’s budget deficits fueling naira depreciation, CBN study finds
Nigeria’s rising budget deficits are a major driver of exchange rate depreciation and exert delayed upward pressure on interest rates, according to a study published in the Central Bank of Nigeria (CBN) Journal of Applied Statistics. The post Nigeria’s budget deficits fueling…
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Bank of Ghana flags 20 unlicensed loan apps, warns users
Ghana’s central bank, the Bank of Ghana (BoG), has flagged 20 mobile loan applications for operating without the required licences or authorisation and warned the public against using their services. The post Bank of Ghana flags 20 unlicensed loan apps, warns users appeared…
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Zenith Bank: Buy, Sell or Hold?
Nigeria’s banks have had a good year from the regulator. The naira has strengthened, the central bank cut its policy rate by 3.5 percentage points in September, and the forbearance clean-up of 2025 is behind them. Zenith Bank’s nine-month results suggest the good news is now…
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Pivot Integrated Energy Redeems ₦8.25bn Commercial Paper Ahead of Maturity, Reinforces Investor Confidence
Pivot Integrated Energy Services Limited has redeemed its ₦8.25 billion Series 1 Tranche A Commercial Paper two days ahead of its scheduled maturity, marking a significant milestone in the company’s capital market journey and reinforcing its commitment to meeting its financial…
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DYQUE Unveils New Solar Solutions as Nigerians Seek Ways to Reduce Diesel Costs
With rising petrol and diesel costs continuing to put pressure on household budgets and business operating expenses, solar energy providers are exploring ways to make alternative power solutions more accessible and financially viable for Nigerians.At the Nigeria Energy 2026…
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Helium Health secures $2.5 million Google.org grant to deploy AI in maternal healthcare
Nigerian health technology company, Helium Health, has secured a $2.5 million (approximately N3.4 billion) grant from Google.org to deploy artificial intelligence (AI) solutions aimed at improving maternal healthcare delivery in Nigeria. The post Helium Health secures $2.5…
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Tinubu seeks Senate approval for N10.79 trillion external borrowing to fund 2026 budget
President Bola Tinubu has asked the Senate to approve N10.79 trillion in external borrowing, equivalent to approximately $7.7 billion, to finance part of the Federal Government’s 2026 budget deficit. The post Tinubu seeks Senate approval for N10.79 trillion external borrowing to…
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Canva restructures workforce, affecting 1,271 employees globally
Canva, the global graphic design platform, is restructuring its global workforce, affecting 1,271 employees, or 22% of its staff, as it seeks to simplify operations and consolidate teams in centralised offices. The post Canva restructures workforce, affecting 1,271 employees…
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Ghana inflation rises to 5.5%, highest in 11 months ahead of November rate decision
Ghana’s annual inflation rate increased to an 11-month high of 5.5% in October 2026, potentially strengthening the case for the central bank to maintain its policy rate at the next meeting. The post Ghana inflation rises to 5.5%, highest in 11 months ahead of November rate…
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Where to invest in November 2026: Stocks, fixed income and funds to consider
Investors entering November can still secure income above the latest inflation rate, examine stocks made cheaper by October’s declines, and use mutual funds to access both opportunities without selecting individual securities. The post Where to invest in November 2026: Stocks,…
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Stanbic IBTC: Buy, Sell or Hold?
Anyone who bought Stanbic IBTC at N100 in January is sitting on a 62 per cent gain and a growing dividend. The nine-month results explain the gain. They also show why the next 62% will be harder to earn. Subscribe to FTM, our exclusive stock recommendation service, and get…
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Nigeria’s private sector expands for fifth month, PMI rises to 53.2 in October
Nigeria's private sector sustained its growth momentum in October 2026, with the country's Purchasing Managers' Index (PMI) rising marginally to 53.2 points from 53.0 points recorded in September. The post Nigeria’s private sector expands for fifth month, PMI rises to 53.2 in…
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Olam Agri to invest $400 million in African food processing, plans new feed mills
Olam Agri plans to invest about $400 million in African food processing through 2028, including the construction of new animal feed mills in Nigeria, Cameroon and Ivory Coast, as the agricultural commodities trader expands its presence across the continent. The post Olam Agri to…
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Exceed: One Connected Platform for Teams, Customers and Business Growth
The AI-driven HRM + CRM platform from Gurugeeks brings people management, customer relationships and business operations together to help organisations achieve more.The Business Challenge: Fragmented Tools, Disconnected WorkBusinesses invest in technology to improve efficiency,…
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Diaspora buyers drive property prices in Ikoyi, Lekki, Victoria Island -Arrowhead Homes CEO
In this exclusive interview with Nairametrics, Temidayo Ademosu, Founder and CEO of Arrowhead Homes and Properties, a real estate company operating in Lagos, Ogun and other parts of the South-West, shares his assessment of the market. The post Diaspora buyers drive property…