Business

PremiumTrust Bank has received credit rating upgrades from Agusto & Co. and DataPro Limited, with both agencies citing the lender’s stronger capital position, sound asset quality, liquidity and financial performance.

The warning comes as the Kenyan government seeks to balance its drive to attract foreign investment with concerns from local traders who say foreign nationals are increasingly competing with them in small-scale commercial activities.

The fintech launched its ‘PalmPay Dey For You’ campaign as concerns over fraud, account security and the reliability of digital financial services continue to attract attention among Nigerian consumers.

Data from the Nigerian Communications Commission shows that 5G accounted for 4.61% of mobile connections in June, up from 3.27% a year earlier. That represents a 1.34 percentage-point increase and a 40.98% rise in its share.

RMAFC has begun consultations with government agencies and petroleum-sector stakeholders ahead of a proposed Oil and Gas Investment Summit in China, tentatively scheduled for late November 2026.

Nigeria’s corporate growth story is increasingly moving beyond the traditional strategy of expanding sales in the domestic market.

System liquidity increased from ₦3.6 trillion in the previous week, supported largely by banks’ placements at the Central Bank of Nigeria’s Standing Deposit Facility and inflows from maturing securities.

The Central Bank of Nigeria (CBN)-licenced microfinance bank said millions of Nigerians now use its platform for services including loans, savings, money transfers, bill payments, cards and asset financing.

Six Nigerian companies have been added to the FTSE Frontier 50 Index following the latest semi-annual review by the global index provider, FTSE Russell, marking a significant step in Nigeria’s return to the global frontier-market benchmark.

Data from the National Bureau of Statistics showed that total merchandise trade rose to N41.44 trillion, representing a 5.61 percent increase from N39.24 trillion recorded in Q2 2025 and a 19.13 percent rise from N34.79 trillion in Q1 2026.