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’s Airports Just Went Cashless. The First-Day Chaos Was the Point.

By
Africaspoint Editorial

FAAN's Go Cashless policy went live at Lagos and Abuja airports on March 1, replacing cash toll payments with a…

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…

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…

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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