Tuesday, 22 September 2026
nook.
Original synthesis of African tech, the politics that shapes business, and the global events that matter.

Business

Deals, markets, and the money moving across the continent.

Detailed close-up view of Nigerian naira currency, highlighting N200 and N500 notes.Businessismail seghosime
Business

Nigeria's cash outside banks hits N4.87trn as money supply surges 16.4%

A N70.9 billion monthly rebound in currency held outside the banking system, alongside a N139.38 trillion broad money supply, reveals the persistent tension between Nigeria's cash economy and its formal financial infrastructure.

21 Sept · 4 min read
01
Nigeria's private credit hits N84.55trn, but government borrowing crowds the field
21 Sept
02
Access Bank Names Ex-AfDB Risk Chief as Executive Director
20 Sept
03
Dangote at $51.3B leads Africa's billionaires past Arab peers by $56B
20 Sept
04
UBA's Alawuba Charts Nigeria's Resilience Blueprint Amid Economic Gains
18 Sept
05
Nigeria's Reserves Hit $54.61B as Dangote Eyes $5B IPO
18 Sept
06
CBN pumps N3.8trn in two days as Nigeria tackles power and food import gaps
18 Sept
07
Dangote Refinery posts $1.82B profit on Europe jet-fuel boom
18 Sept
08
Kenya bans raw mineral exports, plans 3 gold refineries
15 Sept
09
Nigeria and China Open Border Intelligence Channel After Lianyungang Forum
15 Sept
10
NGX All-Share Index Swings: +2.36% Rally Wiped Out by 1.6% Slide
13 Sept
11
China's $8.2B Nigeria grip meets U.S. Egypt AI counter
13 Sept
12
Figo AI Labs and TBO Integrated Services Target Nigeria's Enterprise AI ROI Gap
8 Sept
13
Samsung Launches Galaxy Z Fold8 Ultra in Nigeria With 30% Cover Discount
8 Sept
14
Naira firms past N1,302/$ as CBN reserves swell to $54bn
8 Sept
15
Boeing sees 1,165 jets and $140B market for Africa by 2045
6 Sept
16
Dangote Refinery's N2.15trn IPO Gets SEC Green Light
6 Sept
17
Ghana's $20B gold boom reshapes Africa's refining politics
5 Sept
18
Glencore's $9B Congo deal meets a $1.4B lawsuit threat
2 Sept
19
Eskom doubles profit to $1.9bn but a $6.9bn municipal debt hole looms
1 Sept
20
African airlines grow capacity fastest but cargo weakest in July
1 Sept
21
Ethiopia's Birr and Ghana's Cedi Lead Africa's Currency Slide in August 2026
31 Aug
22
Nigeria Wins Moody's Upgrade and FTSE Return in One Week
31 Aug
23
Niger's military junta faces coup attempt from within its own ranks
31 Aug
24
The Architect Behind Eko Atlantic's Financial Blueprint Speaks
31 Aug
25
FTSE Russell Restores Nigeria to Frontier Market Status from Sept 21
27 Aug
26
Ghana bans unrefined artisanal gold exports from September 1
26 Aug
27
Dangote Launches Real-Time Driver Control Room After Fatal Truck Crashes
25 Aug
28
US Deepens Military Ties With Botswana After Joint Space-Age Drill
24 Aug
29
Dangote Refinery's Free Delivery Now Covers 10 Locations Across Nigeria
24 Aug
30
China Deploys J-16 Jets to Egypt in First-Ever Africa Exercise
24 Aug
31
UBA and Prestige Assurance Refresh Boards With New Non-Executive Directors
24 Aug
32
Nigeria's Tinubu Reforms Raised N20.4trn — But How Was It Spent?
22 Aug
33
Asa Asika on The Plug, Davido, and Who Owns Afrobeats
22 Aug
34
GTCO and Zenith Bank Both Win NGX Extensions on H1 2026 Results
22 Aug
35
Nigeria Inflation Falls to 15.43% in July 2026: Which States Cost Most and Least
19 Aug
36
US Coast Guard Ends 12-Year Security Ban on Nigerian Vessels
19 Aug
37
Nigeria's food inflation hits 20.31% in July, a 10-month high
19 Aug
38
CBN's 20% OMO Yields Pull N4.93trn From Investors, Threatening Stocks
17 Aug
39
NGX pulls last-minute brake on new equity pricing rules
17 Aug
40
Sonatrach Drills Niger's 260M-Barrel Kafra Field
15 Aug
41
Nigeria Stays on US Religious Freedom Blacklist After August Talks
15 Aug
42
NGX Pitches Dual Listings to Chinese Firms as Foreign Investors Hold Just 12% of Market
14 Aug
43
Nigeria's Regulators and Labour Want Dangote Fuel Sold Across Africa
13 Aug
44
Osun Governor Adeleke Sues EFCC for N2bn Over Account Freeze
13 Aug
45
Nigeria's CBN opens crypto sandbox as $92bn market seeks regulation
13 Aug
46
UBA and Mikano Motors Launch 'Drive Your Dream' Auto Loan Scheme
11 Aug
47
AVA Capital's 33% Surge Leads NGX Gainers as African Currencies Split
11 Aug
48
Dangote Took 52.6M Barrels as Nigeria's Domestic Crude Supply Hit 97.4%
11 Aug
49
Dangote's Kenya Refinery Drops to $16B, Eyes October Groundbreaking
11 Aug
50
Nigeria's public debt hits N159.35trn as domestic borrowing climbs
8 Aug
51
Dangote Refinery Holds Europe's Top Jet Fuel Spot for Second Month
8 Aug
52
Nigerian Startup Funding Crashes 96% in July 2026
8 Aug
53
Buffett Cuts Gates Foundation From $6B Gift After 20 Years
7 Aug
54
Seychelles and Mauritius Lead Africa's 2026 Passport Rankings
7 Aug
55
HPCL Buys 2M Barrels of Nigerian Crude for Rajasthan Refinery
5 Aug
56
Nigeria's Decade of Wealth Erosion: What Money Markets Really Returned
5 Aug
57
OPay's Trust Gambit: What Nigeria's Fintech Giant Must Prove
3 Aug
58
Nigeria's $2.3T Economy Hides in Plain Sight — Here's the Map
3 Aug
59
Nigerian consumer firms split sharply in H1 2026 earnings
1 Aug
60
Dangote Refinery: From $20B Gamble to Global Fuel Force
1 Aug
61
Middle East conflict reshapes African business from retail to runways
30 Jul
62
Africa Prudential Reports Strong H1 2026 at Investor Call
29 Jul
63
Africa's Macro Snapshot: Fuel, Debt, and Rates in July 2026
28 Jul
64
Nigeria's Payment Fraud Losses Halved, But AI Risks Are Rising
25 Jul
65
Washington bets $500M on Africa's minerals, not aid
25 Jul
66
17 African Fintechs Make CNBC/Statista's 2026 Global Top 500 List
25 Jul
67
Google's Selfie Video Verification: What It Means for Africa
24 Jul
68
Nigerian equities rebound N1.58trn in single session
24 Jul
69
US 'AI Kill Switch' Bill: What It Means for African Tech
24 Jul
70
Dangote Refinery Closes $2.5bn Private Placement, a Record for Africa
24 Jul
Business — nook — nook