Top storyNigeria's minister links rising costs to economic policies
Nigeria's minister of state for Budget and economic planning, Abubakar Bagudu, has pointed to government policies as a key factor behind the rising cost of living. Speaking during a recent economic fo…
Nigerian manufacturers demand N1trn fund to save factories
Nigeria’s manufacturers have called for the immediate release of a N1 trillion Manufacturing Stabilisation Fund to help save shrinking factories. The request comes amid growing concerns over the secto…
Moniepoint Expands Dangote Refinery IPO Reach Across Nigeria
Moniepoint Microfinance Bank has broadened access to the Initial Public Offering of Dangote Petroleum Refinery, extending it to all 774 local government areas in Nigeria. The move aims to bring more i…
Nigeria to expand fibre network to close digital gap
Nigeria plans to expand its fibre optic network by 52,000 kilometres by 2030 to address its digital infrastructure gap. The country currently lags behind in connectivity, with a significant portion of…
Nigeria's High-Speed Rail Plan Sparks Concerns Over Implementation
Lagos, Nigeria — The Nigerian federal government's ambitious plan to build a high-speed rail system connecting Lagos to Maiduguri has drawn new concerns over its feasibility and implementation. The 36…
Nigeria's cocoa board faces global supply challenges
The Nigerian Cocoa Board, established to boost the country's cocoa sector, now faces mounting pressure as global cocoa supplies dwindle. Climate patterns linked to El Niño are affecting major producer…
Dangote Praises NGX Group for Transforming Nigeria's Capital Market
Aliko Dangote, CEO of Dangote Industries, praised the Nigerian Exchange Group (NGX Group) for its efforts in transforming Nigeria's capital market. Speaking at an event, Dangote acknowledged the leade…
Nigeria inflation drops to 15.39% in August
Nigeria’s headline inflation dropped to 15.39% in August, continuing a three-month trend of easing price pressures. The Central Bank of Nigeria reported the slowdown in monthly price growth, indicatin…
Nigerian Agency Arrests Mexican Drug Kingpin, Dismantles Meth Lab
The National Drug Law Enforcement Agency (NDLEA) in Nigeria has arrested a Mexican drug kingpin, Arturo Carrera Loaiza, at Lagos International Airport as he attempted to flee the country. The operatio…
Nigeria Boosts Gas Output to Capture 70% of Africa's Demand
Nigeria is set to significantly increase its natural gas production to capture up to 70% of Africa's gas demand by 2026. The National Urban and Rural Planning and Research Council (NUPRC) announced pl…
AU begins election assessment in Nigeria ahead of 2027 polls
The African Union (AU) has launched a seven-day pre-election and needs assessment mission in Nigeria, ahead of the 2027 general elections. The mission, led by Adedayo Akinwale in Abuja, aims to evalua…
Nigeria's inflation drops again as rate cut expected
Nigeria's inflation rate dropped to 13.4% in August, marking the second consecutive month of decline. The Central Bank of Nigeria (CBN) is expected to meet soon to discuss potential interest rate adju…
Dangote IPO Strains Nigeria's Fintech Platforms
The Dangote Refinery Initial Public Offering (IPO) has triggered unprecedented demand, overwhelming key fintech platforms in Nigeria. With over N1.5 trillion subscribed, the IPO has exposed critical g…
Dangote Launches Africa's Largest IPO with Oil Refinery Listing
Aliko Dangote, founder of the Dangote Group, opened the IPO of his petroleum refinery on the Nigerian Stock Exchange on Monday, marking Africa's largest initial public offering. The listing, valued at…
Madica Invests In Five New Companies Across Africa
Madica, a pre-seed investment program focused on Africa, has allocated up to $1 million to five new startups across Algeria, Cameroon, and Nigeria. The initiative aims to support early-stage businesse…
Nigeria and France launch anti-trafficking initiative
Nigeria and France have announced a joint initiative aimed at dismantling human trafficking networks, focusing on digital recruitment and financial exploitation. The project, launched in Abuja, target…
Nigeria's creator economy shows growing divide
Three days after the launch of X’s new creator rewards system, early data suggests a growing divide within Nigeria’s content creation community. Some creators report increased earnings, while others f…
Dangote Refinery IPO Sets New Benchmark for African Markets
Nigeria's largest-ever initial public offering (IPO) has begun with the launch of the Dangote Refinery share sale, aiming to raise up to $2.1 billion. The offering, led by billionaire Aliko Dangote, p…
Nigeria’s minimum wage fails to keep pace with soaring fuel prices
Nigeria raised its minimum wage to N70,000 in 2024 to address rising living costs. However, global oil prices have climbed above $100 per barrel, putting pressure on the policy’s effectiveness. The in…