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Category: Nigeria

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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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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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Nigerian Cocoa Harvest. © Unsplash
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
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
Fed's Rate Cut Expected to Boost African Markets
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Coca-Cola
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
Nigeria’s $550 Million Ubeta Gas Project Kicks Off in Partnership with TotalEnergies
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CBN to Sustain Renminbi Auctions
CBN to Sustain Renminbi Auctions Following China Trade Push
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NNPC Begins Lifting Petrol from Dangote Refinery
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
Nigeria to List First Domestic Dollar Bonds on Over-the-Counter Markets
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johnvents Industries Launches N30 Billion Commercial Paper
Johnvents Industries Launches N30 Billion Commercial Paper Programme
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Nigeria Signs $1 Billion MOU
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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Nigeria Government and Labour Party Clash Over Planned Protest
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Nigeria to Continue Fuel Imports Despite Dangote Refinery Launch
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Nigerian Government Announces New Minimum Wage of N70,000
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Nigeria Sets Ambitious Cocoa Production Target for 2025
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Nigeria’s Stake in Dangote Refinery Drops to 7.2%
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Nigeria’s Inflation Rate Climbs to 34.19% in June
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Nigeria’s Supreme Court Grants Financial Autonomy to Local Governments
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Nigeria Reaches Agreement with Producers for Market-Price Crude Supply to Local Refineries
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African Exchanges Linkage Project Expands to Nine Markets in Phase Two of Integration
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Nigeria Risks $20 Billion in Cocoa Exports Due to Processing and Sustainability Issues
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Nigerian Central Bank Signals Potential Slowdown in Rate Hikes
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ECOWAS Deliberates Future After Three Members Opt Out
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Nigeria Selected as Headquarters for Africa Energy Bank
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Daraju Industries Launches Series 28 Commercial Paper Notes
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Nigeria's Naira Nears Convergence Between Official and Parallel Market Rates
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Central Bank of Nigeria Alters Foreign Currency Deposit Procedure to Boost Market Convergence
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Nigerian Cocoa Farmers Revitalise Farms Amid Global Price Surge
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Naira Faces Renewed Pressure Despite Increased Foreign Currency Inflows
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Airtel Africa Buys Back Over 21 Million Shares Amid Currency Devaluation
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Shoprite to Close Abuja Branch as Nigeria's Business Exodus Continues
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Nigeria's $2.8 Billion Gas Pipeline Set for Completion in Early 2025
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Allen Dreyfus
Investor Demand Surges in Nigeria's Open Market Operations Auction
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IFC Partners with Nigeria's Johnvents Industries to Boost Cocoa Processing Capacity
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Nigeria’s Oil Production Declines to 1.25 Million Barrels Per Day
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Blackrock to Liquidate Frontier and Emerging Market Fund
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Nigeria’s Debt Trap Fears as Servicing Doubles
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Nigeria’s Inflation Surges to 33.95% in May, Driven by Rising Food Costs
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NNPC Ends Suit Opposing Sale of ExxonMobil Assets to Seplat Petroleum
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World Bank Approves $2.25 Billion Loan for Nigeria to Stabilise Forex Market and Fund Budget Deficit
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Multinationals Reassess Nigerian Market as Tolaram Buys Guinness Nigeria Stake
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Nigeria’s GTBank Group to Raise $337.46m for Expansion
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NNPC and Golar LNG to Launch Floating LNG Plant in Niger Delta
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Afreximbank Lends $40 Million to Nigeria’s Fidelity Bank for UK Acquisition
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U.S. Begins Withdrawal from Niger Military Base as Russia Deepens Regional Ties
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Nigeria Exchange Touts Role in New Financing as Gombe Issues Green Bonds
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Interest on Nigerian Savings Bonds Soars as Monetary Policy Tightens
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Nigeria Aims to Stabilise FX Market with Oil Export Proceeds
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Nigerian Unions Suspend Indefinite Strike for 5 Days for More Talks with Government
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Nigeria to Streamline Tax System to Woo Investors
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CBN Revokes Heritage Bank's License Over Poor Financial Performance
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Nigeria Eyes 480,000 bpd Boost in $1.28B ExxonMobil-Seplat Deal
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Nigeria's Current Growth Insufficient to Meet Year-End Target
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Foreign Investment Outflows Cast Shadow on Nigerian Equities Market
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Nigeria Hikes Interest Rate to 26.25% In Effort to Tame Inflation
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Nigeria Hikes Interest Rate to 26.25% In Effort to Tame Inflation
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Experts Divided on Nigeria's New Interest Rate Increase
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Dangote Sugar Unveils New High-Yield Bonds
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Nigeria’s Inflation Climbs to 33.69% During Food Price Surge and Naira Devaluation
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Nigeria’s Inflation Climbs to 33.69% During Food Price Surge and Naira Devaluation
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Naira Continues Slide Ahead of Central Bank Meeting
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