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The United Kingdom is targeting £9 billion in fresh capital inflows into African frontier markets, including Nigeria, as part of a new five-year investment strategy led by British International Investment (BII). The plan, disclosed in a statement seen by Nairametrics, outlines…
Read moreThe Central Bank of Nigeria (CBN) has unveiled a draft of its revised ‘Guide to Charges by Banks and Other Financial Institutions, 2026,’ introducing caps on fees and stricter disclosure requirements aimed at improving transparency across the banking system. The…
Read moreAliko Dangote has announced plans to build a new oil refinery in Tanzania that will be identical to his flagship facility in Lagos, as part of a broader push to expand refining capacity across Africa. He made this known on…
Read moreThe Nigerian Communications Commission (NCC) has said telecoms have committed to upgrading 12,000 sites this year to improve service quality across the country. Executive Vice Chairman of the NCC, Dr. Aminu Maida, disclosed this during a media chat held in…
Read moreProvidus Bank Plc has expanded its national footprint with the commissioning of a new branch in Ado-Ekiti, reinforcing its growth strategy and commitment to financial inclusion. The development was disclosed by the bank’s Group Head of Brand and Corporate Communications, Dafe Ivwurie, as…
Read moreMTN Nigeria has announced plans to start compensating subscribers impacted by poor network quality, in compliance with a recent directive issued by the Nigerian Communications Commission (NCC) to mobile network operators. The telecom operator disclosed this in a statement on…
Read moreThe Federal Competition and Consumer Protection Commission has sealed off Paradise Estate in Life Camp Extension, Abuja, over alleged violations of consumer rights. The enforcement action followed multiple complaints from buyers who reportedly paid in full for housing units that…
Read moreThe Central Bank of Nigeria (CBN) raised N1.92 trillion at its Open Market Operations (OMO) auction on Tuesday, April 21, 2026, with stop rates climbing as high as 21.90%, signaling sustained monetary tightening and strong investor appetite for high-yield instruments.…
Read moreThe Universal Basic Education Commission (UBEC) has allocated N5.18 billion to 518 communities across Nigeria for the implementation of its School-Based Management Committee–School Improvement Programme (SBMC-SIP). This was disclosed by UBEC Executive Secretary, Aisha Garba, who was represented by the…
Read moreNigerian startups raised a total of $78.6 million in Q1 2026, spread across 15 funding deals, highlighting continued investor interest in Africa’s largest startup ecosystem. This is approximately a 28% year-on-year drop in funding compared with Q1 2025, indicating a…
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