The South African rand trades flat on Wednesday after the country reported 0.5% gross domestic product (GDP) growth in the first quarter of 2026.

Global equities markets ease on AI, technology stock valuation concerns, and renewed Middle East escalation, which dampened investors’ appetite.

Fitch Ratings has affirmed Infrastructure Credit Guarantee Company PLC’s (InfraCredit) Insurer Financial Strength (IFS) Rating at ‘BB-‘ and National IFS Rating at ‘AAA(nga)’.

Minister of Works, Dave Umahi, has issued a 72-hour ultimatum to contractors handling the Abuja-Lokoja road to fully mobilise to site and utilise funds already released by the Federal Government.

TikTok says it removed more than four million videos and interrupted over 86,000 LIVE sessions in Nigeria in the fourth quarter of 2025 as part of efforts to strengthen safety and integrity on the platform.

Moody’s Ratings has today affirmed Bank of Industry Limited’s (BOI) long-term issuer ratings and long-term corporate family rating at B3.

Standard Bank Group has reaffirmed its commitment to support the growth of Dangote Industries Limited, pledging backing for the planned listing of the Dangote Petroleum Refinery while expressing readiness to finance future expansion projects across the continent.

Oil prices rose as markets weighed renewed supply concerns following fresh US strikes against Iran. Brent crude traded at $91.46 per barrel, up around 0.01% from the previous close of $91.45. US benchmark West Texas Intermediate (WTI) rose about 0.01% to $88.19 per barrel, compared with $88.2 in the previous session.

The naira opens strong at the Nigerian foreign exchange market (NFEM) and climbs against the US dollar, Euro and British pound on Wednesday following a lighter rally in the previous session.

The Kebbi Investment Promotion Agency (KIPA) has attracted foreign investors’ commitments worth $4.10 billion across all sectors. The Director-General of the agency, Dr Muhammad Kabir, disclosed this at a press conference in Birnin Kebbi on Tuesday.