The International Monetary Fund (IMF) has raised its 2026 growth forecast for Nigeria by 0.1 percentage point to 4.2 per cent. It left its 2027 projection unchanged at 4.3 per cent and urged the government to cushion vulnerable households from rising food and energy prices. The projections are in the Fund’s latest World Economic Outlook, …
Airtel Money began conditional trading on the London Stock Exchange’s Main Market today under the ticker “AMC”. The Offer was priced at £1.96 per share, giving the mobile money business a market capitalisation of about £5.3 billion. All shares in the offer were sold by existing shareholders. Airtel Money, formally Airtel Mobile Commerce N.V., issued …
The World Bank Group has launched a Philanthropy Hub, a single point of entry for foundations and other philanthropic partners, at its first Philanthropy Forum in Bangkok. The Forum drew more than 200 leaders and was held during the 2026 IMF and World Bank Group Annual Meetings. The Hub is meant to steer philanthropic capital …
African leaders, financiers and business chiefs have called for more of the continent’s own capital to be channelled into industry, regional trade and jobs, at the inaugural Alamein Africa Forum in Egypt. The two-day forum, which was launched by Egyptian President Abdel Fattah El-Sisi, was convened by Egypt with the African Union (AU), the AU …
World Bank Group President Ajay Banga has praised Nigeria’s economic reforms, citing a twentyfold rise in private capital inflows, from about $300 million in 2023 to nearly $6 billion in 2026. The meeting took place on the sidelines of the 2026 IMF and World Bank Group Annual Meetings in Bangkok, Thailand, with the Minister of …
Finance ministers and central bankers from 191 countries are in Thailand for the week-long gathering, the first outside Washington in three years. The 2026 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group kicked off on Monday in Bangkok. They run through Sunday, October 18, as more than 15,000 policymakers, economists, …
Leaked emails show that Deloitte’s Cyprus affiliate approved backdated paperwork for companies beneficially owned by Roman Abramovich. This helped the firms retroactively shift billions of dollars in assets from Cyprus to the British Virgin Islands (BVI) in an apparent attempt to get around tightening tax and transparency laws. The findings come from the Cyprus Confidential …
Dangote Petroleum Refinery & Petrochemicals FZE is offering East African investors nearly 20 per cent of its initial public offering (IPO), seeking to raise up to $300.4 million from the region. The details are in an information memorandum released on Wednesday, after regulators in Kenya and Uganda cleared the way for eligible investors in both …
The African Union (AU) has launched the African Credit Rating Agency (AfCRA), an Africa-based alternative to the global rating firms that shape how investors price the continent's debt. The launch took place on Wednesday and was broadcast live on X by the African Peer Review Mechanism (APRM), the AU organ that coordinated the agency's set-up. …
Nigeria LNG Limited (NLNG) has presented GenScan AI, the winning entry of the 2026 Nigeria Prize for Science and Innovation (NPSI), to stakeholders in Abuja. The artificial intelligence (AI) tool could speed up magnetic resonance imaging (MRI) and widen access to diagnostic services. Developed by Mary-Brenda Akoda, GenScan AI uses AI to shorten MRI scan …
