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Category: Nigeria

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Nigeria holds key rate at 27.5% as CBN weighs inflation and external risks
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Tinubu’s re-election campaign gains early momentum amid opposition realignments
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African Union tables $814m budget for 2026 to fund expanding mandates
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Nigeria’s inflation eases ahead of key interest rate decision
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Nigeria Seeks $500m Climate Fund to Drive Green Growth
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AU Unveils Bold Fiscal Plan to Cut Debt Dependence
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Nigeria opens ₦300bn Sukuk bond offer to fund infrastructure shortfall
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Nigeria’s lawmakers pass key tax reform bills amid revenue-sharing dispute
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Nigeria revives cocoa board to regulate booming sector
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Nigeria to Launch Africa’s First Full Open Banking Framework in August
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Escalating Farmer-Herder Violence Fuels Political Risk in Nigeria
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Nigeria's Foreign Reserves Climbs
Nigeria's Foreign Reserves Climb Above $38 Billion, Strengthening Economic Buffers
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Mass Defections to APC Spark Fears of One-Party Rule in Nigeria
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Gabon' New Dawn Must Balance-Bond Market
Nigeria to Sell ₦350 Billion in Bonds After Fitch Upgrade
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Cooler Weather Brightens Outlook for West Africa’s Mid-Crop Cocoa Harvest
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Tinubu–Shettima Rift Rumours Swirl Despite Presidency Denial
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Nigeria Slashes Petrol Imports as Local Refining Capacity Surges
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Nigeria’s Inflation Resumes Upward Climb, Clouding Outlook for Rate Cuts and 2025 Budget Goals
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Militant Group Claims Pipeline Attacks in Niger Delta, Escalating Political Tensions
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Nigeria’s Current Account Surplus Nearly Triples to $17.22 Billion in 2024
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Nigeria's CBN Says Foreign Exchange Reserve Grew By $20B in 2024 Amidst Naira's Weak Performance
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Tinubu Reshapes NNPC Leadership in Push for Oil Sector Reform
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Nigeria’s Private Sector Expands for Fourth Straight Month
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Nigeria’s Lawmakers Propose Shared Control of Natural Resources
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Sabotage Sparks New Fire on Gas Pipeline in Nigeria’s Niger Delta
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Tinubu’s Emergency Rule in Rivers Sparks Constitutional Backlash
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Tinubu Suspends Rivers State Governor In State Of Emergency Address
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Nigeria’s Inflation Slows as CPI Overhaul Alters Price Dynamics
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Nigeria: environmental pollution by burning off gas from the oil production in the Niger delta Ogoniland
Nigeria Risks Oil Disruption Amid Political Crisis in Key Producing State
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History of Strife Among Nigeria's Energy Players Haunts Crucial Policy Talks
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African Ministers Seek to Leverage AfCFTA for Stronger Trade Amid Global Headwinds
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Nigerian Commercial Paper Yields Decline on Rate Cut Expectations
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Political Rift in Nigeria’s Oil Hub Threatens 2025 Budget
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Young Nigerian people using technology at Social Media Week business conference in Lagos Nigeria
Nigerian Business Confidence Strengthens for Second Consecutive Month
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Nigeria Expands Refining Capacity with Three New Licenses
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Nigeria Targets 7% Growth as It Joins EBRD to Attract Investment
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Nigeria’s Private Sector Growth Accelerates to 13-Month High
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Nigeria Offers Two- and Three-Year Bonds at Lower Yields
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Tinubu Signs Nigeria’s 2025 Budget Into Law
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South Africa Calls on G20 to Implement Global Minimum Tax for Developing Nations
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MTN Fintech Partners With Network International to Expand Digital Payments
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Nigeria’s GDP Expands 3.8% in Q4 2024, Driven by Services Sector
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Nigeria Strikes New Deal to Expand Oil and Gas Shipping
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Nigeria Raises ₦1.63 Trillion in Oversubscribed Bond Auction
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Nigeria’s Senate President Backs Controversial Tax Reforms
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Nigeria Seeks N350 Billion in Bond Auction Amid Fiscal Gap Funding
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Early Rains Boost Nigeria’s Cocoa Crop Outlook for 2024-25
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Nigeria Auctions N700 Billion Treasury Bills After Inflation Data Overhaul
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Nigeria’s Inflation Slows After Data Rebase, Easing Rate Hike Pressure
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Nigeria’s Consumer Confidence Improves as Inflation Nears Peak
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African Cocoa Farmers Push for Sustainability as EU Rules Tighten
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Ecobank Partners With XTransfer to Enable African Businesses to Pay for Chinese Imports in Local Currency
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Nigeria Offers Two Savings Bonds Amid High Inflation
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Nigeria Rebuilding Investor Confidence After FX Crisis
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Nigerian Inflation Expectations Mixed as Businesses and Households Weigh Economic Pressures
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Nigeria’s Refining Push Gains Momentum with New License Award
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Nigerian Banks Face Rising Loan Defaults, CBN Reports
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Breaking News
ECOWAS to Maintain Trade Ties with Burkina Faso, Mali, and Niger
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Domestic Investors Drive Nigeria’s 2024 Stock Market Surge
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Africa Guarantee Fund’s $5 Billion Facility to Spur Continental Energy Access
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World Bank Approves $1.6 Billion for West Africa Electricity Market
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Angola to Sell 4 Gigawatts
Africa’s Energy Compact Targets Electricity Access for 300 Million
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Nigeria’s Business Activity Returns to Growth in December
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Nigeria to Issue 450 Billion Naira in Bonds on January 27
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Nigeria Advances Refining Capacity with New Refinery License
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Naira Recovery Boosts Confidence in Tinubu's Economic Reforms
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Nigerian Telecom Users Face Higher Costs as Regulator Approves 50% Tariff Hike
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Nigeria Targets Up to 1.8 Trillion Naira in Bond Sales for Q1 2025
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Nigeria’s Inflation Hits 34.8% as Food Prices and Seasonal Demand Bite
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Asiwaju Bola Ahmed Tinubu, presidential candidate of the All progressive congress (APC), which is Nigeria's ruling party, attends an election campaign ahead of the 2023 Presidential elections in Jos, Plateau state. Nigeria
Nigeria’s GDP Set for Mild Growth Following First Rebase in a Decade
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Presco Nigeria’s Landmark Bond Sale Highlights Revival in Corporate Debt Market
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Nigeria Hikes Withholding Tax for Foreign Investors, Lowers It for Locals
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Nigeria’s Eurobond Debt Climbs to $17.45 Billion Amid New Borrowing Spree
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Nigeria’s New Securities Law to Usher in Virtual Asset Trading and Enhanced Investor Protections
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Inflation, Debt, and Growth: Africa’s Economic Outlook for 2025
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Nigeria to Defer Domestic Debt Payments in 2025 Amid Fiscal Strains
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Nigeria’s Inflation Hits 34.6% in November Amid Year-End Price Surge
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Nigeria Looks to Lithium to Revive Mining and Boost Revenue
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Nigeria’s $2.2 Billion Eurobond Sale Highlights Fiscal Challenges
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Opposition to Tinubu’s Tax Reforms Grows, Threatening Overhaul Plans
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Nigerian Cocoa Farmers Push for Return of Regulatory Boards
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Nigeria Restarts Port Harcourt Refinery After Five-Year Shutdown
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Nigeria’s GDP Grows by 3.46% in Q3, Driven by Services Sector
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Nigeria’s Central Bank Faces Pressure to Hike Interest Rates Again
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Nigeria’s Cocoa Harvest Set to Rise 7% in 2024-25 Season
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Nigeria’s Lawmakers Mandate N500 Billion Recapitalisation for Power Firms
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Nigeria’s Inflation Rises to 33.88%, Fueling Cost-of-Living Crisis
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Ghana’s Jospong Group Secures $400 Million from Afreximbank for Waste and Rice Projects
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Nigeria to Raise $2.2 Billion in Bonds to Fund 2025 Budget
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Afreximbank Raises $530 Million with Debut Samurai Bonds
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Nigeria Surpasses 1.8 Million bpd Oil Output, Exceeding OPEC Quota
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Dangote Refinery, Nigerian Petrol Marketers, Strike Accord on Distribution
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Nigeria’s New Army Chief Faces Rising Threat from Emerging Terror Group
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Nigeria Orders Urgent Overhaul of Power Sector to Halt Grid Collapses
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ARISE IIP and Afreximbank Lead $5 Billion Push for Africa’s Cotton Industry Revival
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Nigeria’s Chief of Army Staff Passes Away, Opening a Sensitive Transition in Military Leadership
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Nigeria Launches High-Yield Savings Bonds Amid Inflation and Rising Interest Rates
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Trump’s Return Puts Africa’s Interests on the Line
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Historic U.S. Election Kicks Off With Stakes for Global Policy and African Relations
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MTN Nigeria Launches New Commercial Paper Notes to Raise $30 Million
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Nigeria Launches Nine-Month Dollar Disclosure Scheme to Boost Economy
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Nigeria’s Fuel War Looms: Dangote Urges NNPC, Marketers to Halt Imports
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Janngo Capital’s Venture Fund Surpasses Target with $78 Million Raised to Support Women-Led Businesses in Africa
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Nigerian Fintech Moniepoint Raises $110 Million, Nears Unicorn Status
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Africa Finance Corporation Partners with Saudi Exim Bank to Boost Trade and Investment in Africa
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Nigeria’s Forex Reserves Rise by $3 Billion Amid Policy Shift and Increased Inflows
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IFC and CBN Sign Agreement to Boost Local Currency Financing for Nigerian Businesses
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Starlink Reverses Price Hikes in Nigeria Amid Regulatory Pushback
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African Eurobond Selloff Extends for Third Day Amid Rising US Treasury Yields
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President Tinubu Scraps Two Ministries, Sacks Five Ministers in Major Cabinet Reshuffle
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Unease Grows in Nigeria Over Army Chief Lagbaja’s Absence
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Seplat Energy Gains by Daily Limit as Nigeria Approves ExxonMobil Asset Divestment
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Nigeria Seeks Investor Interest in Assets Ahead of Potential Bond Issuance
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Okomu Oil Palm Plc Sees 68% Profit Drop After Militant Attacks on Facilities
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Gasoline Shipments to Nigeria Plunge Amid Local Refining Surge
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Nigeria’s Inflation Surges to 32.7% in September on Rising Fuel Costs
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Nigerian Telecoms Protest Starlink Price Hike Amid Market Tensions
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Nigeria Faces Risk of Disorder as Economic Crisis Deepens, Civic Groups Warn
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Nigeria Aims for 40,000 bpd Crude Oil Production Boost with New FPSO
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Nigeria Opens Direct Petrol Purchases from Dangote Refinery
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Nigeria’s 2024-2025 Cocoa Harvest Opens Amid Low Demand and High Interest Rates
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Edo Refinery in Nigeria to Complete Major Expansion, Expects First Cargo by May 2025
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Nigeria Opens 2-Year and 3-Year Bonds at 17.08%, 18.08% Coupons
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Ecobank Launches $400 Million Senior Unsecured Notes at 10.125% Yield
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Africa Gains Infrastructure Momentum as Global Resource Rivalry Heats Up
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AFC Returns to Global Debt Market with Oversubscribed $500m Eurobond
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Nigeria Ends VAT on Natural Gas and Diesel to Boost Clean Energy Investments
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Angola Detains 42 Chinese Nationals in Ongoing “Chinese Mafia” Crackdown
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ANPG to Grant 15 New Oil Licenses in Angola by Year-End
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Nigeria to Approve ExxonMobil Divestment “in Days,” President Tinubu Says
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Fresh Abduction in Southwestern Cameroon Could Slow Cross-Border Trade with Nigeria
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Nigeria Secures $1.57bn World Bank Loans for Social Services, Climate Change
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Nigeria’s One-Year OMO 32% Yield May Dampen Real-Sector Activities
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Nigerian Commercial Paper Rates Poised to Surge Following Central Bank Hike
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Nigeria to Revive Two Stalled LNG
Nigeria to Revive Two Stalled LNG Projects as European Demand Grows
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Nigeria’s Central Bank Hikes Benchmark Rate to 27.25% as Inflationary Pressures Persist
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Fed's Rate Cut Expected to Boost African Markets
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Coca-Cola Pledges $1 Billion Investment in Nigeria Over Five Years
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Heavy Rains Threaten Nigeria’s Cocoa
Heavy Rains Threaten Nigeria’s Cocoa Crop as Fungal Disease Looms
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Nigeria’s $550 Million Ubeta Gas Project Kicks Off in Partnership with TotalEnergies
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CBN to Sustain Renminbi Auctions Following China Trade Push
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Breaking News
NNPC Begins Lifting Petrol from Dangote Refinery Amid Pricing Controversy
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Nigeria Releases August Inflation Data
Nigeria Releases August Inflation Data
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Nigeria to List First Domestic Dollar Bonds on Over-the-Counter Markets
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Johnvents Industries Launches N30 Billion Commercial Paper Programme
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Nigeria Signs $1 Billion MOU with Chinese Firm to Revive Steel Industry
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Nigeria's First Local Dollar Bond Sale
Nigeria's First Local Dollar Bond Sale Oversubscribed as Investors Stake $900 Million
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Cameroon Loses Millions to Cocoa
Cameroon Loses Millions to Cocoa Smuggling as Beans Flow Illegally to Nigeria
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Nigeria Faces Gasoline Supply Uncertainty as Dangote Refinery Threatens Export Shift
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Nigeria’s Gasoline Price Hike Dims Rate Cut Prospects
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China Pledges $50 Billion to Africa, Aiming to Secure Critical Minerals and Boost Green Energy
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Nigeria Records Economic Expansion in August for the First Time in Over a Year
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Nigeria’s Telecom Sector Poised for Medium to Long-Term Growth Despite Short-Term Challenges
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Dangote Refinery Starts Gasoline Production, Set to Disrupt Global Oil Markets
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Nigeria’s State Oil Company Admits Debt to Suppliers, Fuel Shortages Loom
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Nigeria Charges 10 Protesters with Treason Amid Crackdown on Anti-Government Demonstrations
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Africa CDC Faces $224 Million Shortfall in Funding to Combat Monkeypox Outbreak
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Nigeria Grants Licenses to Crypto Platforms, Shifting from Prohibition to Regulation
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Daraju Industries Launches Commercial Paper Offerings at High Yields
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AFC Backs Nigeria’s Largest Gas-to-Methanol Plant in Akwa Ibom
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Nigerian President Tinubu Consolidates Power with Key Security Appointments
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Nigerian Economy Grows 3.19% in Q2, Services Sector Leads as Agriculture Falters
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Nigeria Lacks Funds to Repair Aging Oil Pipelines, Says Minister
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Nigerian Equities Defy Rate Hikes, Surging 28% Year-to-Date
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United Airlines Expands African Routes with Daily Flights to Lagos
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Oando Acquires Nigerian Agip Oil Company in $783 Million Deal
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Nigeria Matches Africa’s Highest 2024 Bond Coupon Rate with $500 Million Sale
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Nigerian Labour Leader Summoned by Police Over Alleged Crimes
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Africa Declares Mpox Resurgence a Public Health Emergency
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Nigeria to Begin Crude Oil Sales in Naira to Local Refineries Starting October
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Nigerian Government Grants Off-Grid Power Licenses to Telcom Giants
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Nigeria Launches $500 Million Dollar Bond to Tap Diaspora Funds
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New Oil Producers in Africa Attract Investment as Established Players Lose Ground
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Nigeria to Rely on Domestic Savings as Concessional Funds Dwindle, Finance Minister Says
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Nigeria’s Inflation Eases for First Time in 20 Months, Offers Relief to Government
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Nigerian Banks Accelerate Capital-Raising
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Nigeria's Cocoa Output at Risk Due to Prolonged Dry Spell
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Nigeria Opens Subscription for Savings Bonds with High Coupon Rates
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Nigeria to Establish Digital-Free Zones to Attract Global Tech Companies
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Nigeria Approves New Tariff Regime for Mobile Operators as Currency Devaluation Hits Profits
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Oando Shares Surge Following Strategic Acquisitions
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Rift in ECOWAS Deepens Amid Geopolitical Power Struggles
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Meta May Leave Nigeria Over $220 Million Dispute
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Global Selloff Raises Yields on African Eurobonds, Increasing Borrowing Costs
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Central Bank of Nigeria Introduces Dutch Auction System to Stabilise Naira Amid Rising FX Demand
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Protests in Nigeria Enter Fifth Day Amid Regional Differences and Rising Tensions
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Second Day of Nigeria’s Anti-Hunger Protests Sees Reduced Tensions and Lower Turnout
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Violent Protests Against Nigerian President Tinubu’s Economic Policies Enter Second Day
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Nigerian Protests Over Cost-of-Living Crisis Shut Down Businesses and Schools
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Nigeria Braces for 10-Day Anti-Hunger Protest Amid Economic Crisis
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Nigerian Telecom Regulator Orders Reconnection of Barred Mobile Lines Amid Protests
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Nigerian Cocoa Farmers Urge EU to Delay Deforestation Regulation
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Foreign Portfolio Investments in Nigerian Stock Market Surge by 218% in First Half of 2024
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Dangote’s Refinery Challenges Nigeria's Political and Business Elite
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Nigeria Faces Protests Over Economic Hardships Aiming for Regime Change
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Nigeria to Issue $500 Million Diaspora Bond to Bolster Economy
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Nigerian Businesses Criticise Interest Rate Hikes Amid Economic Struggles
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Nigerian Cocoa Farmers Warn Heavy Rainfall Threatens 30% Output Growth
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Nigeria’s Central Bank Raises Benchmark Rate To 26.75%
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Can Tinubu Tax His Way Through as Nigeria's Oil Output Struggles?
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