Nigeria

Nigeria business news covering Lagos, Abuja, and Port Harcourt. Oil and gas, fintech, banking, telecoms, and investment intelligence from West Africa’s largest economy.

AfricaBusiness

Zenith and GTCO earn $183m from digital fees

By
Africaspoint Editorial

Nigeria's two largest banks by market cap, Zenith Bank and GTCO, collectively earned N283 billion ($183 million) from account maintenance…

AfricaFinance

FTSE upgrade sparks N1.36trn NGX windfall

By
Africaspoint Editorial

FTSE Russell's index upgrade of Nigeria triggered a N1.36 trillion gain in Nigerian Exchange market capitalisation within 72 hours, the…

AfricaBusiness

Nigeria’s oil birthplace runs on solar now

By
Africaspoint Editorial

Oloibiri, the Nigerian village where Shell struck the country's first commercial oil in 1956, now runs on solar after 15…

AfricaFinance

Dangote refinery eyes $5bn IPO, Africa’s biggest ever

By
Africaspoint Editorial

Dangote Petroleum Refinery is preparing Africa's largest-ever IPO, targeting up to $5bn from a 5-10% stake sale at a $40-50bn…

HormuzSouth Africa immigration xenophobia Ramaphosa March deportation crackdown 2026

South Africa’s June 30 shutdown arrives

Anti-immigration protesters marched across South Africa's major cities on June 30, the deadline set by…

Angola GDP growth 5.3 percent non-oil diversification Q1 2026Dangote Refinery IPO

US-Iran truce sends oil crashing

A US-Iran ceasefire agreement and the reopening of the Strait of Hormuz have sent Brent…

Africa startup funding May 2026 $259 million Bima NALA LemFi fintech reboundAI

MTN’s MoMo is going super app

MTN Group Fintech has partnered with Ant International, the global payments firm behind Alipay, to…

Africa GDP 4.2 percent growth fastest economies 2025 2026Uganda Airlines Boeing 10 aircraft fleet expansion Museveni 2026

AfDB backs Arua airport in Uganda

The African Development Bank has approved $180 million to upgrade Uganda's Arua Airport into an…

Africa defence technologyAI

Palantir co-founder bets $11.8m on Nigerian drone maker

A large body of water filled with lots of boats
Africa oil producersBola Tinubu

Middle East war sends crude buyers rushing to Africa

Afreximbank NigeriaBola Tinubu

Dangote secures $4bn loan to power Africa’s biggest refinery

A young black man in a suit using a smartphone against a white background. Studio shot.
CBN Nigeria reformsNIBSS Nigeria

Nigeria’s 68.6m BVN base faces new CBN crackdown

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