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

Afrobeats Is Now a $29.6bn Global Industry. Africa Still Earns the Least From It

By
Africaspoint Editorial

Afrobeats total trade revenues reached $29.6 billion in 2024, Sub-Saharan Africa is the world's fastest-growing music market, and institutional investors…

Nigeria business district financial economy growth
AfricaBusiness

Nigeria’s Net FX Reserves Jump 772% in Two Years

By
Africaspoint Editorial

CBN Governor Olayemi Cardoso disclosed that Nigeria's net foreign exchange reserves surged 772% from $3.99 billion at end-2023 to $34.80…

AfricaInfrastructure

Dangote Cement Doubles Profit to $730M, Eyes Africa Push

By
Africaspoint Editorial

Dangote Cement posted a record N1.01 trillion ($730 million) net profit in 2025, more than doubling the prior year, as…

Workers at an aluminum smelter industrial facility
AfricaInfrastructure

Nigeria Signs $1.3 Billion Alumina Refinery Deal

By
Africaspoint Editorial

Nigeria has signed a $1.3 billion MOU with the Africa Finance Corporation to build an alumina refinery processing one million…

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…

Nigeria Locks Shea Exports for Another Year

Despite the Hardship, African Youth Are the World’s Most Mentally Resilient

President Bola Tinubu announces expansion of primary healthcare funding across Nigeria

Tinubu Expands Healthcare Funding to 13500 Facilities

Tems at the launch of her Leading Vibe Initiative in Lagos August 2025

Tems Takes Leading Vibe Initiative to South Africa

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