Plot 78, Ralph Shodeinde Street, Central Business District, Abuja, Nigeria
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There is a version of the Nigerian economy that the banking sector has always served well. It is the economy of salaried professionals, corporate treasurers, documented collateral, and monthly pay cycles. It is the economy that fits neatly into conventional…
Read moreAfrican startups raised $150.50 million in March 2026 across 27 disclosed funding deals, but the market remained heavily concentrated at the top. Analysis of the data shows that the top 10 startups alone attracted $143.9 million, accounting for a significant 95.61%…
Read moreNigeria’s total subnational debt rose 9.89% year-on-year (YoY) to N4.36 trillion in 2025 from N3.97 trillion in 2024, yet a number of states went against that tide, maintaining low and in most cases declining debt levels over the same period. According to data…
Read moreThe Central Bank of Nigeria (CBN) has introduced the Nigerian Overnight Financing Rate (NOFR), a new benchmark interest rate aimed at improving transparency, deepening the money market, and strengthening monetary policy effectiveness. The apex bank announced the development in collaboration…
Read moreAliko Dangote is planning to list about 10% of his oil refining company on multiple African stock exchanges as part of efforts to raise funding for the next phase of expansion across his industrial empire. The move will apply to…
Read moreMangal Industries Limited, a leading player in the cement production industry, has announced the successful attainment of three internationally recognized ISO certifications, further strengthening its commitment to operational excellence, environmental responsibility, and workplace safety. The company has been certified for…
Read morePresident Bola Tinubu has signed the 2026 Appropriation Bill into law, approving a total expenditure of N68.32 trillion for the fiscal year. The President also assented to a separate bill extending the implementation period of the capital component of the…
Read moreTroops of the Nigerian Army have arrested 15 suspected oil thieves for attempting to siphon crude oil from a vessel supplying the Dangote Refinery in Lagos. The arrest was disclosed in an operational report made available on Friday in Abuja,…
Read moreAirtel Nigeria has announced the temporary suspension of its airtime and data credit services, becoming the second major telecom operator in the country to halt such offerings following new regulatory requirements for digital lending. The company disclosed this in a…
Read moreFlutterwave, Africa’s leading payments technology company, hosted a private roundtable with Invest Africa on the Digital Economy Roundtable on April 14, 2026. This roundtable took place on the sidelines of the IMF/World Bank Spring Meetings in Washington, D.C. Moderated by…
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