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

LemFi commits £100m to go global from London

By
Africaspoint Editorial

Nigerian-founded LemFi committed £100 million to global infrastructure and designated London as its global headquarters as part of the UK-Nigeria…

Detailed view of airplane landing gear and engine on tarmac in Geneva, Switzerland.
AfricaBusiness

Dangote supplies jet fuel to Ethiopian Airlines

By
Africaspoint Editorial

Dangote Petroleum Refinery has made its first jet fuel delivery to Ethiopian Airlines, marking the Lagos facility's first cross-border aviation…

AfricaBusiness

MTN Nigeria Q1 profit surges 166% to N355bn

By
Africaspoint Editorial

MTN Nigeria posted N355.5 billion profit after tax in Q1 2026, up 166%, on N1.498 trillion in revenue as data…

AfricaBusiness

OPay hits $3.1bn as Opera flags 85% IPO probability

By
Africaspoint Editorial

Opera's FY2025 SEC filing values OPay at $3.1 billion and assigns an 85% probability of an IPO within two years.…

HormuzSouth Africa immigration xenophobia Ramaphosa March deportation crackdown 2026

South Africa’s June 30 shutdown arrives

Anti-immigration protesters marched across South Africa's major cities on June 30, the deadline set by…

Angola GDP growth 5.3 percent non-oil diversification Q1 2026Dangote Refinery IPO

US-Iran truce sends oil crashing

A US-Iran ceasefire agreement and the reopening of the Strait of Hormuz have sent Brent…

Africa startup funding May 2026 $259 million Bima NALA LemFi fintech reboundAI

MTN’s MoMo is going super app

MTN Group Fintech has partnered with Ant International, the global payments firm behind Alipay, to…

Africa GDP 4.2 percent growth fastest economies 2025 2026Uganda Airlines Boeing 10 aircraft fleet expansion Museveni 2026

AfDB backs Arua airport in Uganda

The African Development Bank has approved $180 million to upgrade Uganda's Arua Airport into an…

Nigeria banking finance corporate Lagos business earnings results
African Development Bank 2026Banking

UBA profit halves as FX windfall evaporates

Nigeria solid minerals mining industrial investment alumina refinery Africa
African Development Bank 2026Mining

Nigeria signs $1.3bn alumina refinery deal

Nigeria digital technology fibre broadband internet infrastructure connectivity
Africa AI startups 2026African Development Bank 2026

Nigeria gets $900m MDB backing for fibre rollout

Nigeria oil refinery petrochemical industrial facility energy production
Africa capital markets pan-African listingAfrican Development Bank 2026

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

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