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Friday, 13 November 2026
Friday, 13 November 2026
Friday, 13 November 2026
Original recaps written from several Nigerian sources. Each story cites the publishers it draws on, and new ones appear through the day as news breaks.
BusinessJensen Huang has resigned from Nvidia after leading the semiconductor giant for three decades, with CFO Colette Kress named interim CEO as the company investigates foreign intelligence concerns.
Nigeria's pension system moves from deficit to surplus as government funds benefits through 2029 and launches minimum guarantee scheme.
BusinessNigeria's central bank is conducting repeated bond auctions to absorb excess cash flowing into banks, with N2.45tn more expected this week.
The Nigeria Deposit Insurance Corporation faces mounting obstacles in collecting debts owed by borrowers of failed banks, hampering efforts to pay uninsured depositors.
BusinessAfrican Export-Import Bank raises commitment to Africa's creative sector from $500m, with plans for a dedicated pan-African film fund.
BusinessThe beverage maker reported a 33% jump in nine-month profit to N114.1bn, driven by modest revenue gains and sharply lower finance expenses.
Access Bank has promoted Oluseyi Kumapayi to Deputy MD for African operations and appointed Olanrewaju Bamisebi as technology chief, both effective late October.
BusinessListed companies report divergent earnings trends, with banks and investment firms gaining ground while insurers and energy firms face headwinds.
BusinessPat Utomi says NDC candidate aims to strengthen the naira by nearly two-thirds, projecting 50% drops in food prices if elected president.
BusinessVFD Group, Dangote Sugar, Cadbury Nigeria, and GTCO all posted significant earnings gains in the first nine months of 2026.
BusinessMeCure, NEM Insurance, VFD Group and Sterling Financial all posted substantial pre-tax profit increases for 9M 2026, though Ecobank showed minimal gains.
BusinessStudent body backs new tokenised payment method as Nigerian Education Loan Fund begins pilot phase to prevent duplicate charges and streamline fund disbursement.
BusinessFirstBank, UBA, GTBank and ProvidusBank have integrated Google Pay, letting customers make contactless payments via smartphone wallets.
BusinessFormer African Development Bank president meets Tinubu, offers to assist Nigeria's economic reforms without seeking government post.
BusinessJPMorgan Chase has received approval-in-principle from Nigeria's central bank to establish a merchant bank, depositing N50 billion to meet capital requirements.
BusinessGuinness Nigeria, International Breweries, and Ikeja Hotel all reported strong pre-tax earnings growth for the nine months ending September 2026, though tax bills eroded some gains.
BusinessNigerian industrialist Aliko Dangote has acquired a 25 percent ownership share in Kenya's petroleum products pipeline network for approximately $327 million.
BusinessThe Securities and Exchange Commission unveiled a new savings initiative alongside a 10-year capital market roadmap targeting N750 trillion by 2036.
BusinessNigeria's Federation Account Allocation Committee shared N2.428 trillion across federal, state, and local governments in October, up N90 billion from August.
BusinessThe International Monetary Fund has supported Nigeria's central bank decision to lower interest rates, but warned against loosening monetary policy too quickly.
BusinessGOtv Nigeria, the pay-television service operated by MultiChoice since 2011, currently operates six subscription packages designed to serve viewers with varying content preferences and spending capacity.
BusinessIn September, the Central Bank of Nigeria reduced its Monetary Policy Rate by 350 basis points, bringing it down to 23 percent from 26.5 percent.
BusinessDangote Petroleum Refinery and Petrochemicals is scaling up its initial public offering by extending investor outreach across the African continent.
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