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

Nigeria and UAE seal $200m defence pact

By
Africaspoint Editorial

Nigeria-based Nigus International Investment Limited and UAE-headquartered Elmirate Capital have signed a $200 million MOU to build a defence technology,…

BusinessGovernance

Navy destroys illegal crude in Rivers

By
Africaspoint Editorial

Nigeria's Navy destroyed an illegal crude oil storage facility containing 17,500 litres of suspected stolen oil in the Bonny area…

Container port terminal with cranes and shipping vessels
BusinessInfrastructure

MSC locks in 45-year Lagos port deal

By
Africaspoint Editorial

MSC Group, the world's largest container shipping line, has signed a 45-year concession with Nigerian maritime company Nigerdock to develop,…

AfricaBusiness

Nigeria consults on child social media age limit

By
Africaspoint Editorial

Nigeria's Minister of Communications Bosun Tijani launched a public consultation on March 10 on whether to set minimum age limits…

Africa fintech unicorn public listing 2026Africa startup funding Q1 2026

Airtel Africa profit triples to $813m as data beats voice

Airtel Africa reported FY2026 profit after tax of $813 million, up 147%, on revenue of…

Africa fintech unicorn public listing 2026Africa telecom infrastructure consolidation

Safaricom FY2026: record KSh80bn dividend, profit up 67%

Safaricom posted group net income of KSh99.7 billion for FY2026, up 67%, and declared a…

Enoch Godongwana Treasury fiscal policySouth Africa energy transition load shedding end

South Africa unemployment hits 32.7% as 345,000 jobs lost

South Africa's unemployment rate rose to 32.7% in Q1 2026 from 31.4% in Q4 2025…

Dangote Mombasa refinery Kenya East Africa 2026Dangote Refinery IPO 2026

Dangote picks Mombasa for $17bn East Africa refinery

Aliko Dangote told the Financial Times he is leaning toward Mombasa over Tanzania's Tanga for…

Airplane on runway West Africa aviation
Africa AviationFestus Keyamo

Nigeria and Ghana sign aviation rescue MoU

Energy industry infrastructure global markets
Bola TinubuBonga Southwest Aparo

Nigeria seals $20bn deepwater oil deal

Nigeria DARES solar mini-grid programme rural electrification
Abba AliyuDARES Nigeria

Nigeria’s $750m solar programme is the world’s largest

Africa InnovationAfrican Leadership Magazine

Nigeria engineer named Africa’s top leader

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