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CBN declares stable forex, says $52.5bn reserves show improving economy

Vaughn Hillyard Aug 5, 2026
The CBN announced stable forex markets and $52.5bn in reserves, attributing improvements to monetary reforms and easing inflation.
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CBN pivots Nigeria toward regulated digital asset market

Vaughn Hillyard Aug 4, 2026
President Tinubu signed an order establishing a unified regulatory framework for digital assets, placing the Central Bank of Nigeria in charge.
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MTN Nigeria Posts 70.6% Profit Growth in Strong H1 2026 Results

Vaughn Hillyard Aug 4, 2026
MTN Nigeria's H1 2026 profit after tax rose 70.6% to N707.5 billion, driven by a 25.9% increase in service revenue and 39.2% EBITDA growth.
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Patriot Extends Zambia Copper Corridor to 5.5 Kilometers

Vaughn Hillyard Jul 25, 2026
Patriot Lithium Limited extended its copper target corridor to 5.5 km at the Mumbwa Project in Zambia following the Tonic copper discovery.
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DRC Orders Western and Asian Mining Titans to Surrender Local Equity or Face Sanctions

Vaughn Hillyard Jul 25, 2026
The DRC ordered Western and Asian mining firms to transfer at least 10% local equity to Congolese nationals by end of 2023, enforcing the 2018 Mining Code.
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SARB holds repo rate at 7.0% as rand plunges on surprise decision

Vaughn Hillyard Jul 24, 2026
The South African Reserve Bank kept the repo rate at 7.0% on July 23, 2026, after a 4–2 vote amid inflation and economic concerns.
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South African Rand Plunges on Reserve Bank’s Unexpected Rate Hold Decision

Vaughn Hillyard Jul 24, 2026
The South African Reserve Bank held its key interest rate at 7%, surprising markets expecting a hike amid inflation and oil price concerns.
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African Atlantic Gas Pipeline Enters a New Phase of Regional Integration

Vaughn Hillyard Jul 22, 2026
The African Atlantic Gas Pipeline project advanced, aiming to deliver 30 bcm of gas annually from Nigeria to Morocco and Europe across 16 countries.
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SAFTU Rejects the R25 Billion World Bank Loan for South Africa

Vaughn Hillyard Jul 22, 2026
SAFTU and Cry of the Xcluded rejected the World Bank's $1.5 billion loan to South Africa, calling it a "dangerous Trojan Horse package."
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Congo ships its first lithium to China

Vaughn Hillyard Jul 21, 2026
The Democratic Republic of Congo shipped its first lithium exports to China from the Manono project in June 2026.
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