MTN, Airtel Lift Telecoms to 10.38% Growth, Add ₦5.20 Trillion to Q2 GDP
Telecoms and information services grew 10.38% in Q2 2026, contributing ₦5.20 trillion and 9.72% of Nigeria’s real GDP.
Business
Market Trends, Money & Momentum
Top Signal
China Risks Strained Ties After Dissent From G20 Statement, Bessent Says
China was the lone G20 dissenter to a joint warning against 'cheap exports', Treasury Secretary Scott Bessent said.
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Unacademy Sells to upGrad for $206M, Down About 94% From Peak Valuation
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#4Nokia Risks Margin Erosion Unless It Secures Africa’s AI Network Role
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#510-Year Treasury Yield Hits 4.788%, Raising Borrowing Costs Nationwide
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#6Ikea Cuts Prices Across Europe, Spending €1.2bn to Counter Falling Sales
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Kenya Overtakes Nigeria In M&A Value, Nedbank Secures 66% Of NCBA
Kenya climbed to the top of Africa's M&A value rankings as deal totals hit $1.44 billion; Nedbank won approval to acquire 66 percent of NCBA.
NUPRC Keeps $300 Helicopter Levy, Exempts Private Offshore Landings From TNC
$300 per-landing helicopter charge stays in force and must be paid to NAMA. NUPRC says the Terminal Navigational Charge will not apply to private
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Markets
Markets reporting from the Business desk.
Business desk
10-Year Treasury Yield Hits 4.788%, Raising Borrowing Costs Nationwide
The 10-year Treasury yield rose to 4.788%, the highest since Jan. 14, 2025, as Middle East tensions and stronger oil prices rekindled inflation fears.
2 min read
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