Author: Ogooluwa Aremu

Africa Finance Corporation (AFC), has announced that the Bank of Tanzania (BOT) has made an equity investment in the Corporation, becoming a sovereign shareholder and further strengthening AFC’s diversified capital base and pan-African ownership structure.

BUA, GTCO, UBA Drive Momentum in Nigerian Stock Market The Nigerian Exchange (NGX) All-Share Index (ASI) climbed by 54 basis points on Tuesday as BUA Cement, tier-1 banks GTCO, FirstHoldco, and UBA rallied. Key performance indicators surged as the market sustained its bullish momentum, buoyed by bargain hunting in medium and large-cap stocks. Stockbrokers said major drivers of the uptrend include FIRSTHOLDCO, WEMABANK, UBA, BUACEMENT, GTCO, and others. For the second consecutive time, the Industrial goods sector and the Banking sector contributed the most, gaining 4.44% and 4.30%, respectively. The market index increased by 1,084.68 basis points to close at…

Zcash (ZEC) soared 16.40% to $268.39 over the past 24 hours in the cryptocurrency market, driven by a high-volume technical breakout above key resistance.

Reflecting the absence of financial pressures, the overnight interest rate has declined following a significant rise in money market liquidity, which has now reached N6.8 trillion.

Dangote Seals US$4.2bn Gas Deal with China’s GCL Group Dangote Industries Limited (DIL) and GCL Group, China’s leading private energy conglomerate, have formalised a landmark US$4.2 billion, 25‑year natural gas supply agreement to power Dangote Group’s major expansion projects in Ethiopia. The agreement, signed in Lagos, reinforces one of the most significant China–Africa industrial partnerships to date. Under the long‑term arrangement, GCL Group will supply stable natural gas to Dangote Group’s upcoming 3‑million‑tonne‑per‑year urea fertiliser production complex in Ethiopia. The plant, valued at US$2.5 billion, is being developed under a 60:40 equity structure between Dangote Group and Ethiopian Investment Holdings…

The headline inflation rate is projected to settle at 13.48% year on year for February 2026, on account of the consumer price index (CPI) easing further amid the energy crisis. The market anticipates that the statistics office will release the February inflation figures this week.

West Ham Hold Man City, Boost Arsenal’s Title Charge Manchester City were held to a 1-1 draw by West Ham United, denting the champions’ title hopes and strengthening Arsenal’s position in the race. Bernardo Silva opened scoring with a deft chip before Konstantinos Mavropanos headed the equaliser for West Ham in the first half. The point lifted West Ham out of the relegation zone while aiding Arsenal, who earlier beat Everton 2-0 to move nine points clear of City. However, the result pushed Nottingham Forest into the relegation zone following the stalemate at the London Stadium. City manager Pep Guardiola…

Togo Seeks Increased Electricity Imports From Nigeria Togo has expressed interest in increasing electricity imports from Nigeria through the Niger Delta Power Holding Company (NDPHC) to meet rising domestic demand. The Managing Director of Niger Delta Power Holding Company, Jennifer Adighije, disclosed this in a statement on Sunday following talks with Togo’s national electricity utility. The visiting delegation from Compagnie Energie Electrique du Togo was led by its Director-General, Débo‑K’mba Barandao, to strengthen existing power supply cooperation. Barandao said C.E.E.T currently purchases about 75 megawatt-hours of electricity from NDPHC under a bilateral power supply arrangement. “The imported electricity has played…

Zcash (ZECUSD) is down 4.18% to $207.47 over the past 24h, as retail investors took quick profits after positive price appreciation in the cryptocurrency market this week.

Dogecoin fell by about 5% in the last 24 hours to $0.094259 after Elon Musk’s X money launch pitch failed to mention DOGEUSD integration.