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.

MTN buys back its towers in $6.2bn deal

MTN Group agreed to acquire the 75% of IHS Towers it did not already own in an all-cash deal valuing…

Flutterwave gets Nigerian banking licence at 10

Flutterwave secured a Nigerian banking licence on April 2, allowing Africa's most valuable fintech to hold deposits, lend directly and…

MTN and Airtel pocket $2.3bn from Africa data boom

MTN Nigeria and Airtel Africa generated a combined N3.6 trillion ($2.3 billion) from data services in 2025, as Africa's mobile…

Zenith and GTCO earn $183m from digital fees

Nigeria's two largest banks by market cap, Zenith Bank and GTCO, collectively earned N283 billion ($183 million) from account maintenance…