Business

Brent crude futures climbed to an intraday high of $99.46 per barrel, its highest level since July 24, before easing to settle at $97.92. US West Texas Intermediate crude also rose to a six-week high, settling at $93.03 per barrel.

Investors have started selling existing shares to make room for Africa’s biggest IPO, raising an important question for Nigeria’s capital market about how much money the Dangote deal can pull out of everything else.

Selected companies will receive coaching, technology and infrastructure support, corporate connections and other resources aimed at strengthening their products and commercial traction.

The ASI opened at 247,699.78 points but fell 2,897.67 points to close at 244,802.11. Similarly, market capitalisation declined by N1.879 trillion, from N160.600 trillion at the opening to N158.721 trillion at the close.

The exhibition, scheduled for November 26 to 28, 2026, will bring together vehicle manufacturers, equipment suppliers, distributors and mobility solution providers, creating opportunities for Nigerian businesses to establish partnerships and expand access to regional markets.

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.