Nigeria
Every story we have published on Nigeria.
Ventures Platform closes $84m fund
Ventures Platform has closed its second fund, VP Pan-African Fund II, at $84 million, nearly double the $46 million raised for its first fund in 2022. The firm will now write larger cheques, targeting entry stakes of…
US-Iran truce sends oil crashing
A US-Iran ceasefire agreement and the reopening of the Strait of Hormuz have sent Brent crude crashing from a peak above $120 per barrel in April to…
MTN’s MoMo is going super app
MTN Group Fintech has partnered with Ant International, the global payments firm behind Alipay, to transform its MoMo mobile money platform into a…
Nigeria slams the IMF’s tax prescriptions
A Nigerian think tank, the Alliance for Economic Research and Ethics, has criticised the IMF’s 2026 Article IV recommendations including excise…
Dangote’s petrol unit is down 34%
The Dangote Petroleum Refinery has been running its main petrol-producing RFCCU unit at 34% below capacity since May 21, initially due to feedstock…
Elumelu named Seplat’s next chairman
Seplat Energy announced on June 9 that Tony Elumelu will become board Chairman from January 1, 2027, succeeding Senator Udoma Udo Udoma. Effiong…
Rabiu buys $81m jet, nears $20bn
BUA Group Chairman Abdulsamad Rabiu has taken delivery of an $81 million Bombardier Global 8000, becoming the first African to personally own the…
Cardoso wins Central Bank of the Year
Nigeria’s Central Bank was named Central Bank of the Year 2026 at the Central Banking Awards in London on June 10. Governor Yemi Cardoso accepted…
UK launches ÂŁ15m Nigeria growth programme
The UK and Nigeria launched a £15 million three-year Growth Programme on June 12 during UK Minister for Africa Baroness Jenny Chapman’s visit to…
Standard Bank backs Dangote refinery IPO
Standard Bank Group CEO Sim Tshabalala visited the Dangote Petroleum Refinery in Lagos on June 10 and pledged that Standard Bank will play a leading…
Lagos rail reaches for its airport
Nigeria’s Aviation Minister Festus Keyamo announced plans at the Invest Lagos 3.0 forum on June 9 to extend the Lagos rail network from Ikeja Bus…
TikTok’s AI purges 4m Nigerian videos
TikTok removed more than 4 million videos in Nigeria in Q4 2025, with 99.9% proactively identified before any user report and 98.4% removed within…
Nigeria’s trade surplus triples to N7.55tn
Nigeria’s Q1 2026 merchandise trade surplus surged 341% to N7.55 trillion ($4.1 billion) from N1.71 trillion in Q4 2025, driven by higher crude oil…
Dangote refinery powers past 700,000bpd
The Dangote Petroleum Refinery has validated crude processing capacity of 700,000 barrels per day, surpassing its 650,000 bpd nameplate design…
Tinubu’s three-year reform scorecard is mixed
Three years into Tinubu’s reforms, Nigeria’s GDP averages 3.46% quarterly growth, external reserves stand at $49.26 billion and federal revenues…
Africa’s data centre market targets $4.58bn
Africa’s data centre construction market will reach $4.58 billion by 2031, growing at 24.26% annually, according to an Arizton report published May…
Dangote exposes the oil mafia
Aliko Dangote publicly described a coordinated “oil mafia” that he says tried to prevent his $20 billion Lekki refinery from being built, telling…
NNPC challenges Dangote’s prices in court
NNPC filed a court counter-affidavit on May 27 arguing that Dangote Petroleum Refinery’s petrol is sold at significantly high and fluctuating…
Nigeria becomes a net fuel exporter
The Dangote Petroleum Refinery ran at 99.1% capacity in April 2026, producing 53.6 million litres of petrol daily against domestic consumption of…
$25bn Nigeria-Morocco pipeline deal locks in
Nigeria and Morocco will sign an intergovernmental agreement in Q4 2026 for the $25 billion African Atlantic Gas Pipeline, a 6,900-kilometre route…
Nigeria catches its fugitive power minister
Nigeria’s EFCC arrested former Minister of Power Saleh Mamman at 3:30am on May 19 in Kaduna, more than a week after he was sentenced in absentia to…
Dangote to build Africa’s largest detergent raw material plant as refinery hits full capacity
Aliko Dangote has announced a 400,000-tonne linear alkylbenzene plant within the Dangote Refinery complex in Lagos, a facility that would outstrip…
UBA launches diaspora investment platform to turn Africa’s $100 billion in annual remittances into long-term wealth
UBA has launched a diaspora banking platform in Lagos designed to channel Africa’s $100 billion annual remittance flows into structured investment…
Algeria and Niger restore ties, clearing the way for the $13 billion trans-Saharan gas pipeline to break ground
Algeria and Niger have restored diplomatic relations, clearing the path for construction to begin on the trans-Saharan gas pipeline, a $13 billion…