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.

Nigeria banking finance corporate Lagos business earnings results
AfricaBusiness

UBA profit halves as FX windfall evaporates

By
Africaspoint Editorial

UBA posted N404.7 billion profit in FY2025, down 47% from 2024, as FX trading swung from a N182 billion gain…

Nigeria solid minerals mining industrial investment alumina refinery Africa
AfricaInfrastructure

Nigeria signs $1.3bn alumina refinery deal

By
Africaspoint Editorial

Nigeria's Solid Minerals Development Fund and the Africa Finance Corporation signed a $1.3 billion MOU in March covering an alumina…

Nigeria digital technology fibre broadband internet infrastructure connectivity
AfricaInfrastructure

Nigeria gets $900m MDB backing for fibre rollout

By
Africaspoint Editorial

Nigeria's Project BRIDGE has secured $900 million in MDB commitments from the AfDB, World Bank and EBRD as part of…

Nigeria oil refinery petrochemical industrial facility energy production
AfricaFinance

Dangote lines up Africa’s biggest IPO at $5bn

By
Africaspoint Editorial

Dangote Petroleum Refinery is preparing a pan-African IPO targeting up to $5 billion across multiple African exchanges, with the offer…

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…

Africa telecom digital infrastructure towers mobile network Nigeria
Africa telecom infrastructure consolidationFlutterwave

MTN buys back its towers in $6.2bn deal

FlutterwaveNigeria digital banking revenue

Flutterwave gets Nigerian banking licence at 10

Africa mobile data revenueAirtel Africa

MTN and Airtel pocket $2.3bn from Africa data boom

GTCO NigeriaNigeria digital banking revenue

Zenith and GTCO earn $183m from digital fees

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