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OPay raises $304 million but suspends New York listing

By , based on P.M. News

Map: Nigeria

Nigerian fintech OPay raised $304 million in its initial public offering, but its shares did not begin trading on the New York Stock Exchange on 30 October. Trading was suspended after the operation, reports P.M. News.

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Nigerian army kills three attackers after Kaduna ambush

Soldiers from Nigeria’s Operation Fansan Yamma killed three attackers after an ambush on a patrol on 29 October on the Shadow-Old Kuyello road in Kaduna State. The force’s spokesman, Captain Tamuno Sinivie, said the military suffered no losses and recovered an AK-47 rifle, ammunition and a motorcycle, P.M. News reports.

🇳🇬 Nigeria · Source: P.M. News ·

Old CFA coins exchangeable free of charge for nine months in CEMAC

Old 1, 10, 25, 50, 100 and 500 CFA franc coins will lose legal tender status in the CEMAC region from 1 November 2026, but can be exchanged free of charge for nine months. Rodrigue Bissiélou, the Bank of Central African States’ national director in Gabon, outlined the arrangements at a press conference in Libreville on 29 October, Gabon Review reports.

🇬🇦 Gabon · Source: Gabonreview ·

DR Congo leaves FATF grey list after 23 reforms

The DRC was removed from the FATF grey list on 30 October 2026, after implementing 23 measures against money laundering, the financing of terrorism and proliferation, according to the Finance Ministry cited by Beto and Le Potentiel. Between 2022 and December 2025, about 540 inspections and 246 investigations led to nearly 100 prosecutions, 31 seizures and 13 confiscations. Le Potentiel values the assets involved at $46.75 million and reports that the government hopes the decision will strengthen financial confidence and investment.

🇨🇩 DR Congo · Source: Beto ·

INEC officers inserted AI-generated photos into Nigeria’s voters’ register

Nigeria’s electoral commission, INEC, found photos suspected of being AI-generated and other irregularities in its preliminary register. Its information technology director, Lawrence Bayode, blamed registration officers in several states with system access, in a televised interview reported by Vanguard and P.M. News.

🇳🇬 Nigeria · Source: Vanguard ·

🇳🇬 Latest from Nigeria

Nigerian forces free three imams abducted in ZamfaraNigerian forces free three imams abducted in ZamfaraNigerian security services have freed three of six imams abducted on 12 September in Zamfara State while travelling to a prayer for President Bola Tinubu. Zamfara Police Commissioner Ahmad Muhammad Bello confirmed they were rescued unharmed and medically assessed, according to Leadership.All Nigeria news →

Business in West Africa

Map: GuineaGuinea to seize unauthorised products from January 2027Guinea’s Ministry of Industry and Trade will seize products sold without prior authorisation from 1 January 2027. Operators have until 31 December 2026 to obtain a market authorisation certificate or an import permit, according to a ministry statement published on 30 October.All Business news →

The week in Africa

This week’s highlights

  1. CAF restores Africa Cup of Nations to a two-year cycle🌍 World
  2. Niger and Chad ministers discuss easing tensions in Moscow🇳🇪 Niger
  3. North Korea-linked hackers steal $6.36 billion from Binance🇰🇵 North Korea
  4. Doctor dies of Ebola while treating patients in Beni🇨🇩 DR Congo
  5. Russia vetoes US resolution on the Sahara🇲🇦 Morocco
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