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.

Zenith Bank enters East Africa via Kenya acquisition

Nigeria's Zenith Bank completed the acquisition of Paramount Bank Kenya on April 7, becoming the fourth Nigerian lender in Kenya…

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

Nigerian defence startup Terra Industries raised $11.8m from Palantir co-founder Joe Lonsdale's 8VC and Anduril backers to expand autonomous drone…

Middle East war sends crude buyers rushing to Africa

The Strait of Hormuz closure is driving global buyers toward Nigerian and Angolan crude as Brent tops $100, but Nigeria's…

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

Afreximbank underwrites $2.5bn of a $4bn syndicated loan for the Dangote Refinery, Africa's largest at 650,000 bpd, consolidating construction debt…