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Finance & Markets

Iran Seeks Gulf Support for Hormuz Plan

Gulf states are weighing how to respond to Iran’s push for a new arrangement governing the Strait of Hormuz as continued attacks threaten shipping and drive up energy costs. On Bloomberg This Weekend, Bloomberg News Middle East Reporter Dan Williams and Bloomberg News White House Correspondent Skylar Woodhouse discuss growing regional frustration with the conflict, pressure on US allies and signs…

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Dangote Refinery IPO: A New Chapter for Nigeria’s Capital Market

Nigeria’s capital market is about to witness one of the most significant transactions in its history. The planned Initial Public Offering (“IPO”) of Dangote Petroleum Refinery and Petrochemicals FZE…

  • Dangote Refinery IPO set to debut on Nigerian Exchange on September 14, 2026
  • IPO priced at ₦525 per share, raising ₦2.15 trillion with potential 30% extra demand

Non-tax revenue surges in Q4’FY26

Driven by a surge in dividend payouts from state-owned enterprises, interest earnings, and administrative fees, Bangladesh’s non-tax revenue (NTR) nearly tripled in the final quarter (April–June) of…

Open banking could turn your business cash flow into collateral

For millions of Nigerian businesses, the problem may not be that they have nothing to prove their creditworthiness. It may be that lenders have historically been looking for the wrong proof.

  • Open banking transforms SME cash flow into lender collateral
  • Nigerian framework allows direct access to bank account data
  • Could level playing field for underserved businesses

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