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…
Newsletter
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…
Safaricom FY2026: record KSh80bn dividend, profit up 67%
Safaricom posted group net income of KSh99.7 billion for FY2026, up 67%, and declared a…
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 picks Mombasa for $17bn East Africa refinery
Aliko Dangote told the Financial Times he is leaning toward Mombasa over Tanzania's Tanga for…