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Elon Musk has regained his status as the world's richest trillionaire after his estimated net worth surged by $88 billion on Wednesday, October 21, 2026, following a sharp increase in the share prices of SpaceX and Tesla The post Elon Musk regains trillionaire status as wealth…
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Shelter Afrique Development Bank (ShafDB) and Vista Group Holding SA (VGH SA) today signed a Memorandum of Understanding (MoU) on the sidelines of the IMF-World Bank Group Annual Meetings. The partnership aims to channel more long-term capital into affordable housing across West…
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LemFi launches the biggest product expansion in its history, adding UK savings, credit, and data eSIM in 100+ destinations A rebuilt app brings transfers, savings, credit and connectivity together in one platform for people building financial lives across borders New global…
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The Nigerian Exchange (NGX) has listed penalties totalling N123.17 million against 15 companies for late submission of audited and interim financial statements, renewing concerns over repeated disclosure breaches among listed firms. The post NGX fines 15 companies N123.17 million…
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Nigeria’s broad money supply rose to N146.6 trillion in September 2026, increasing by approximately N7.51 trillion from N139.09 trillion in August. The post Nigeria’s money supply swells by N7.5 trillion in one month, hits N146.6 trillion appeared first on Nairametrics .
Nairametrics (Nigeria)Mercadosen
Nigerian professionals are increasingly taking up leadership positions in some of the world's most influential multinational companies, academic institutions, healthcare organisations and international development bodies, strengthening the country's representation in global…
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Africa's richest man, Aliko Dangote, has acquired a 25% stake in Kenya Pipeline Company (KPC) in a deal valued at approximately $327 million, expanding his investments in East Africa's petroleum distribution infrastructure. The post Dangote acquires 25% stake in Kenya Pipeline…
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Naira settled at the N1,778/£1 band against the British Pound at the second trade session of the week in Nigerian foreign exchange market. The pair has traded in a relatively tight consolidation band in the last 30 days. The post Naira settles at N1,778/£ as British Pound…
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Uganda has said the confirmation of a Bundibugyo Ebola case in Nigeria involving a woman who transited through its territory does not establish that she contracted the virus there, as the location of exposure remains under investigation. The post Uganda denies being source of…
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The Federal Government and Bi-Courtney Limited have formally ended their nearly 20-year dispute over the Murtala Muhammed Airport Terminal Two (MM2) in Lagos, following the signing of settlement agreements covering the airport and an uncompleted hotel and conference centre…
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Africa has spent the past decade proving that it can build technology that matters. From payments and financial infrastructure to logistics, enterprise software and emerging applications of artificial intelligence, African companies have developed products that address real…
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South Africa’s annual consumer price inflation rose to 4.5% in September 2026 from 4.4% in August, driven largely by higher transport costs, according to Statistics South Africa. The post South Africa’s inflation rises to 4.5% in September as transport costs jump appeared first…
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The Nigerian Education Loan Fund (NELFUND) has clarified that accessing its student loan scheme is voluntary and not compulsory for students in Nigerian tertiary institutions, following a viral memo from an Enugu state-owned college directing students to apply for the facility.…
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The Netherlands has returned a historic Benin artefact to Nigeria, 129 years after it was taken from the Benin Kingdom during the British invasion of 1897. The post Netherlands returns looted Benin artefact to Nigeria after 129 years appeared first on Nairametrics .
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LASACO Assurance Plc has returned to profit, reporting Group pre-tax earnings of N1.60 billion for the nine months ended September 30, 2026, compared with a N4.72 billion loss in the corresponding period of 2025. The post LASACO returns to profit with N1.60 billion pre-tax…
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The Federal Airports Authority of Nigeria (FAAN) has announced heightened surveillance across airports nationwide following the confirmation of an Ebola Virus Disease (EVD) case in the Federal Capital Territory (FCT), Abuja. The post FAAN increases airport surveillance following…
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Group reaffirms its commitment to meeting lawful obligations Stallion Group wishes to reassure its customers, bankers, business partners, suppliers and other stakeholders that the Federal High Court judgment obtained by United Bank for Africa Plc (UBA) concerns Stallion Nigeria…
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OCTAGRAM Fusion CNG Limited (“OCTAGRAM”), a Nigerian energy infrastructure development company and the Ondo State Development and Investment Promotion Agency (“ONDIPA”) are pleased to announce a strategic agreement for the development of a proposed 9 million standard cubic feet…
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Following the go live of its WhatsApp based conditional settlement service for goods in June 2026, EscrowPay has now launched the same protection for the services industry. EscrowPay Services, a new web platform at services.escrowpay.app, went live on 20 October 2026, letting…
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Stablecoins are creating new channels for diaspora investors to participate in Nigerian investment opportunities, including the Dangote Refinery initial public offering (IPO), according to Abdul Akubo, Founder and Chief Executive Officer of Graph Finance. The post Stablecoins…
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Nigeria reclaimed its position as Africa’s leading destination for startup funding in the first nine months of 2026, attracting $635 million, more than double the amount recorded in the corresponding period of 2025. The post Nigeria reclaims Africa’s startup funding lead as…
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The naira weakened by 0.11% to close at N1,334.99 per dollar on Tuesday, October 20, 2026, from N1,333.50/$ in the previous session. The post Naira weakens to N1,334.99/$ as dollar falls in global markets appeared first on Nairametrics .
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Kenya has confirmed another case of Ebola virus disease, bringing the total number of infections in the country to nine, as the outbreak continues to spread beyond the Democratic Republic of Congo (DRC). The post Kenya records ninth Ebola case as virus spreads beyond DR Congo…
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SpaceX reported a 161% year-on-year increase in third-quarter revenue to $14.58 billion on Tuesday, up from $5.58 billion in the same period of 2025, beating analysts’ estimates as growth in its artificial intelligence (AI) business and Starlink satellite internet unit boosted…
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