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.

AfricaFinance

FTSE upgrade sparks N1.36trn NGX windfall

By
Africaspoint Editorial

FTSE Russell's index upgrade of Nigeria triggered a N1.36 trillion gain in Nigerian Exchange market capitalisation within 72 hours, the…

AfricaBusiness

Nigeria’s oil birthplace runs on solar now

By
Africaspoint Editorial

Oloibiri, the Nigerian village where Shell struck the country's first commercial oil in 1956, now runs on solar after 15…

AfricaFinance

Dangote refinery eyes $5bn IPO, Africa’s biggest ever

By
Africaspoint Editorial

Dangote Petroleum Refinery is preparing Africa's largest-ever IPO, targeting up to $5bn from a 5-10% stake sale at a $40-50bn…

AfricaFinance

Zenith Bank enters East Africa via Kenya acquisition

By
Africaspoint Editorial

Nigeria's Zenith Bank completed the acquisition of Paramount Bank Kenya on April 7, becoming the fourth Nigerian lender in Kenya…

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 AIAfrica defence technology

Palantir co-founder bets $11.8m on Nigerian drone maker

A large body of water filled with lots of boats
Africa oil producersBola Tinubu

Middle East war sends crude buyers rushing to Africa

Afreximbank NigeriaBola Tinubu

Dangote secures $4bn loan to power Africa’s biggest refinery

A young black man in a suit using a smartphone against a white background. Studio shot.
CBN Nigeria reformsNIBSS Nigeria

Nigeria’s 68.6m BVN base faces new CBN crackdown

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