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BUSINESSOct 7Africa launches own credit agency in bid for cheaper borrowingAfrica will launch its own credit rating agency on Wednesday, aimed at countering what many see as unfair assessments by global institutions that make it more expensive for African nations to borrow money.Africanews [en]
BUSINESSOct 7After Kenya, Uganda opens Dangote refinery IPO to domestic investorsUganda's Capital Markets Authority on Tuesday approved the participation of its domestic investors in the Dangote Petroleum Refinery's initial public offering.Africanews [en]
BUSINESSOct 7NUPRC Announces 2026 Licensing Round, Offers 40 Oil, Gas BlocksThe NUPRC says the licensing round was approved by President Bola Tinubu, who is also the Minister of Petroleum Resources. The post NUPRC Announces 2026 Licensing Round, Offers 40 Oil, Gas Blocks appeared first on Channels Television.Channels TV
BUSINESSOct 7African Union to launch continent's first credit rating agency in MauritiusThe African Union is launching the continent’s first credit rating agency on Wednesday, aiming to provide an alternative to the global “big three” by drawing on African expertise and perspectives.RFI [en]
BUSINESSOct 7NUPRC announces 2026 licensing round, unveils plans to boost productionThe commission also outlined plans to boost crude oil production by restoring more than 788,000 barrels per day of shut-in production and advancing offshore projects worth an estimated $30 billion to $50 billion to final investment decision. The post NUPRC announces 2026 licensing round, unveils plans to boost production appeared first on Premium Times Nigeria.Premium Times
BUSINESSOct 7Critical minerals: the DRC relies on mapping to attract investorsDans un contexte de transition énergétique et de lutte d’influence entre la Chine et les États-Unis, Kinshasa veut mieux connaître l’étendue de la richesse de son sous-sol en minerais critiques. Un prérequis pour « mieux défendre les intérêts du pays ».Jeune Afrique
BUSINESSOct 7Can the port of Dakar maintain its lead against regional competition?À peine installé à la direction du Port autonome de Dakar (PAD), Doune Pathé Mbengue donne le ton. Modernisation, numérisation, connexion aux réseaux routier et ferroviaire… Face à Abidjan notamment, Dakar a fort à faire pour conserver son rang de port à conteneurs le plus performant d’Afrique subsaharienne.Jeune Afrique
BUSINESSOct 7Nigeria’ll not be Africa’s warehouse, but Africa’s workshop — TinubuBy Yinka Kolawole  President Bola Tinubu has declared that Nigeria will no longer be content with exporting raw materials and importing finished products, saying the country is determined to become Africa’s industrial workshop. Tinubu, who was represented by the Minister of State for Industry, Sen.John Enoh, spoke at the 6th Adeola Odutola lecture and Presidential […] The post Nigeria’ll not be Africa’s warehouse, but Africa’s workshop — Tinubu appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 7The Two AfricasWho will benefit from the continent's investment boom?Foreign Affairs
BUSINESSOct 7Power generation falls  37% as DISCOs lose N129bn, record 184,024 complaints•As Nigerians, businesses groan over 3,885.72MW generation;  •NERC: Metering, billing, supply interruptions dominate complaints •DISCOs’ ATC&C losses hit 36.23% in Q2 By Ediri Ejoh Nigerians and businesses are set to grapple with worsening electricity supply as power generation yesterday plunged by 37.17 per cent to 3,885.72 megawatts (MW), even as electricity consumers filed 184,024 complaints […] The post Power generation falls 37% as DISCOs lose N129bn, record 184,024 complaints appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 7NUPRC seeks fresh capital, offers 40 oil blocks as output rises to 1.82mbpd•120 projects attract $47.6bn investment since 2024 •Nigeria accounts for 38% of Africa’s upstream investment •1.82mbpd figure includes condensate By Obas Esiedesa, Abuja The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, yesterday announced the offer of 40 oil blocks in the 2026 licensing round, as Nigeria intensifies efforts to attract fresh capital into the upstream sector, […] The post NUPRC seeks fresh capital, offers 40 oil blocks as output rises to 1.82mbpd appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 7PenCom commits $250m infrastructure investment•As monthly pension payments rise to N14.83bn By Victor Ahiuma-Young & Rosemary Iwunze The National Pension Commission, PenCom, has announced a $250 million commitment by Nigeria’s pension industry towards infrastructure investment over the next 10 years. This comes as the National Pension Commission said monthly pension payments had increased to N14.83 billion from N12.15 billion […] The post PenCom commits $250m infrastructure investment appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 7World Bank: Fuel price to slow Nigeria’s poverty reduction•Says rising pre-election spending may derail reforms •Raises Nigeria’s 2026 growth forecast to 4.3% •Projects 15.7% inflation rate for 2026 •44% of firms in Nigeria, Kenya adopt AI, power constraints threaten gains By Babajide Komolafe, Economy Editor  The World Bank has warned that elevated fuel prices could slow Nigeria’s poverty reduction efforts despite an expected […] The post World Bank: Fuel price to slow Nigeria’s poverty reduction appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 7Dollar to Naira exchange rate today, October 7, 2026The Nigerian naira weakened against the United States dollar in the parallel market on Wednesday, October 7, 2026, while the local currency strengthened at the Nigerian Foreign Exchange Market (NFEM). The post Dollar to Naira exchange rate today, October 7, 2026 appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 7Bhubaneswar-based CSM Technologies deploys royalty management system for Kenyan mineral sectorSince natural wealth has huge public value impacting future generations of a nation, it is important to build a transparent and technology-driven royalty administration system, says CSM MD Priyadarshi PanyThe Hindu
BUSINESSOct 7Naira depreciates to N1,362/$ in parallel marketThe Naira yesterday depreciated to N1,362 per dollar from N1,357 in the parallel market on Monday. The post Naira depreciates to N1,362/$ in parallel market appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 6PNC 2026: NCDMB, DMG affirm collaboration with Bayelsa govt, unveil new activitiesThis commitment was affirmed on Tuesday during a strategic engagement between officials of NCDMB and DMG Events with the Deputy Governor of Bayelsa State, Peter Pereotubo Akpe, at the Government House in Yenagoa The post PNC 2026: NCDMB, DMG affirm collaboration with Bayelsa govt, unveil new activities appeared first on Premium Times Nigeria.Premium Times
BUSINESSOct 6Nigeria has reduced reliance on oil revenue – TinubuAccording to the president, his administration is reducing Nigeria’s dependence on crude revenue while expanding non-oil sectors and using gas to support power and industrial development. The post Nigeria has reduced reliance on oil revenue – Tinubu appeared first on Premium Times Nigeria.Premium Times
BUSINESSOct 6Nigeria has witnessed massive drop in oil revenue reliance – Tinubu—-Promises to pursue energy transition suited to the nation’s needs, expand gas supply for power, industry By Johnbosco Agbakwuru ABUJA — PRESIDENT Bola Tinubu has announced a massive drop in the nation’s reliance on crude revenues, signaling a decisive shift toward a diversified economy that his administration intends to push even further. He noted that, […] The post Nigeria has witnessed massive drop in oil revenue reliance – Tinubu appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 6FAAN targets December opening for MMIA overhead bridgeBy Dickson Omobola Federal Airports Authority of Nigeria, FAAN, has said the overhead bridge linking Terminal 1 and Terminal 2 of the Murtala Muhammed International Airport, MMIA, Lagos, is nearing completion, with the facility expected to be ready for use by December. The bridge is part of the ongoing rehabilitation of the airport, which includes […] The post FAAN targets December opening for MMIA overhead bridge appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 6NUPRC approves $47.6bn oil, gas projectsOil output now 1.82mbpd — Lokpobiri By Obas Esiedesa, Abuja The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved 120 oil and gas field development plans involving about $47.6 billion in capital expenditure since 2024, with the projects expected to add 1.74 million barrels of oil and 13.9 billion standard cubic feet of gas per […] The post NUPRC approves $47.6bn oil, gas projects appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 6CBN under Emefiele withdrew N124.86bn from consolidated revenue account without approvals – OfficialThe witness, a Federal Ministry of Finance official, said withdrawals from the Consolidated Revenue Account (CRA) required the approvals of the Office of the Accountant General of the Federation and the Federal Ministry of Finance. The post CBN under Emefiele withdrew N124.86bn from consolidated revenue account without approvals – Official appeared first on Premium Times Nigeria.Premium Times
BUSINESSOct 6PenCom advances pension administration with new reformsThe National Pension Commission (PenCom) says it is taking pension administration in Nigeria “extra mile” through reforms aimed at improving service delivery and expanding pension coverage. The Director-General of PenCom, Ms Omolola Oloworaran, said this at the 2026 Customer Service Week in Abuja on Tuesday. Oloworaran, represented by the Head of Surveillance Department, Mr Abdulrahman […] The post PenCom advances pension administration with new reforms appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 6Why the World Bank warns of a new surge in inflation in Sub-Saharan AfricaL’intensification des tensions géopolitiques à travers le monde explique la hausse prochaine des prix qui devrait grimper à 5,5 % en 2026, contre 3,7 % en 2025.Jeune Afrique
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