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.

Nigeria’s Net FX Reserves Jump 772% in Two Years

CBN Governor Olayemi Cardoso disclosed that Nigeria's net foreign exchange reserves surged 772% from $3.99 billion at end-2023 to $34.80…

Dangote Cement Doubles Profit to $730M, Eyes Africa Push

Dangote Cement posted a record N1.01 trillion ($730 million) net profit in 2025, more than doubling the prior year, as…

Nigeria Signs $1.3 Billion Alumina Refinery Deal

Nigeria has signed a $1.3 billion MOU with the Africa Finance Corporation to build an alumina refinery processing one million…

Nigeria Locks Shea Exports for Another Year

Nigeria has extended its ban on raw shea nut exports by one year, pushing the world's largest producer to build…

MTN donates devices to school with perfect matric pass rate

MTN South Africa has donated digital learning devices to Qibing Secondary School in Wepener, Free…

Rwanda’s AGUKA creates 128,000 jobs, eyes next phase

Rwanda's AGUKA youth enterprise programme has generated 128,000 jobs and $9.3 million (Rwf34 billion) in…

Nigeria’s copyright chief tells MultiChoice: fix the gaps

The Director-General of the Nigerian Copyright Commission, Dr John Asein, used a courtesy visit from…

Tanzania pitches $12.9bn energy pipeline to US investors

Tanzania has unveiled a $12.9 billion energy investment pipeline at the Powering Africa Summit in…