IMF ranks Top 10 Largest Economies Globally in 2026
These rankings are based on IMF World Economic Outlook projections and can shift with new data releases, currency fluctuations, and global events.
IMF ranks Top 10 Largest Economies Globally in 2026
These rankings are based on IMF World Economic Outlook projections and can shift with new data releases, currency fluctuations, and global events.
President Tinubu Blames Africa’s Slowing Industrialisation on Debts Servicing
President Tinubu disclosed that Nigeria would spend about $11.6 billion on debt servicing in 2026, representing nearly half of projected government’s revenue.
African Leaders Accuse Global Credit Rating Agencies of Biase
On January 23, 2026, Afreximbank officially terminated its rating relationship with Fitch Ratings following a prolonged dispute over the agency’s assessment of the bank’s risk and treatment of preferred creditor status.
Dangote to list 10% of refinery’s $50bn on NGX
Dangote plans to list about 10 percent of the refinery on the Nigerian Exchange Group in 2026, a move widely seen as part of efforts to unlock value and broaden the company’s investor base. To drive the offering, Dangote has appointed a consortium of financial advisers, including Stanbic IBTC Capital Limited, Vetiva Advisory Services Limited,…
The companies making billions from the Iran war, by BBC
Some of the biggest banks have also seen their profits boosted during the war in Iran.
Innoson Vehicles Manufacturing Launches Pan-African Prestige Club
• IVM Chairman, Dr Innocent Chukwuma (right) in a hearty mood with some delegates shortly after the launch of the Innoson Pan -African Prestige Club . The Chairman of Innoson Vehicle Manufacturing (IVM), Chief Dr. Innocent Chukwuma, announced the launch of the Innoson Pan-African Prestige Club, during the Opening Ceremony of the 2026 First Ordinary…
Business Council Africa launches Industrial Development report
Business Council for Africa (BCAfrica) has isolated Morocco, Egypt, South Africa and Mauritius as the only economies with the alignment required to sustain industrial growth, while Rwanda and Nigeria show meaningful progress but remain incomplete in their trajectory. BCAfrica disclosed this in its just launched 2025 Real Economic Development (RED) Index on industrial development in…
Lagos tops Domestic Debts by N1.22trn – NBS
Image: Lagos Governor Babajide Sanwo-Olu The National Bureau of Statistics (NBS) has ranked Lagos State as the most indebted state in Nigeria, owing creditors a total of N1.22 trillion and $1.17 billion in domestic and external debts, respectively, The statistics body said that Lagos State also recorded the highest external debt over the reference period…
Court Convicts ex-power minister for diversion of Mambilla and Zungeru Power Projects Money
• Saleh Mamman The Federal High Court sitting in Abuja on Thursday convicted a former Minister of Power, Mr Saleh Mamman, of 12 counts of fraud and money laundering, charges preferred against him by the Economic and Financial Crimes Commission (EFCC). Mamman, who served in the administration of former President Muhammadu Buhari, was found complicit…
Dangote unveils ambitious plan for 20,000MW power project
Aliko Dangote, the billionaire behind Africa’s largest industrial conglomerate, has set his sights on Nigeria’s epileptic power sector with a plan to generate 20,000 megawatts of electricity. Dangote’s entry into the sector follows a string of failed promises from the Nigerian government. Adebayo Adelabu, ex-Power Minister, has repeatedly missed deadlines to stabilise the grid at…
