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

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

By
Africaspoint Editorial

Nigerian defence startup Terra Industries raised $11.8m from Palantir co-founder Joe Lonsdale's 8VC and Anduril backers to expand autonomous drone…

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AfricaFinance

Middle East war sends crude buyers rushing to Africa

By
Africaspoint Editorial

The Strait of Hormuz closure is driving global buyers toward Nigerian and Angolan crude as Brent tops $100, but Nigeria's…

AfricaBusiness

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

By
Africaspoint Editorial

Afreximbank underwrites $2.5bn of a $4bn syndicated loan for the Dangote Refinery, Africa's largest at 650,000 bpd, consolidating construction debt…

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AfricaFinance

Nigeria’s 68.6m BVN base faces new CBN crackdown

By
Africaspoint Editorial

Nigeria's BVN database hit 68.6 million in March 2026, but Q1 growth slowed sharply to 754,128 new registrations as the…

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…

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Bola TinubuNigeria electricity reform

Nigeria clears $2.1bn in decade-old power debts

Africa telecom ARPUMTN Ghana

Ghana earns MTN twice what Nigeria does per user

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Nigeria China tradeNigeria imports 2025

China floods Nigeria with $13bn in goods

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Nigeria AI adoptionNigeria digital economy research

Nigeria funds ₦12bn digital research network

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