Zenith Bank Plc has finalized its acquisition of 100% of Paramount Bank Kenya Limited, marking its official entry into the East African market following regulatory approvals from both Nigeria and Kenya.
The Nigerian Communications Commission has directed telecom operators to automatically compensate subscribers for poor network performance starting April 2026, with retroactive coverage from November 2025.
The Nigerian naira depreciated against the US dollar, British pound, and euro in both official and parallel markets following the Easter holiday break, with analysts citing limited forex liquidity.
The World Bank has urged Nigeria's Federal Government to avoid extravagant expenditure as the country benefits from higher oil prices due to Middle East conflict, emphasizing prudent fiscal management.
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A new World Bank report reveals severe gender disparity in Nigeria's workforce, with just 10.5% of women in paid employment compared to 17% of men, highlighting barriers to economic progress.
The Nigerian National Petroleum Company Limited begins exporting its new Cawthorne crude grade to boost production and market competitiveness, while global oil prices soar due to geopolitical tensions involving Iran.
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Nigeria's business confidence declined sharply in March 2026 due to rising input costs, weak investment, and structural challenges, with key sectors like agriculture and non-manufacturing contracting.
Dangote Refinery criticizes international oil companies for not selling crude directly, forcing imports from the US and Africa. Experts cite market dynamics and agreements as barriers.
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The Central Bank of Nigeria introduces new BVN guidelines effective May 1, 2026, to combat fraud and enhance security, including one-time phone number changes and transaction caps.
Afreximbank approves a $10 billion Gulf Crisis Response Programme to shield African and Caribbean economies from Middle East conflict disruptions, offering support for essential imports and infrastructure.
Oyo State Government and First City Monument Bank have disbursed N1.5 billion in collateral-free loans to 1,000 young agripreneurs through the Easylift programme, aiming to boost food production and support youth-led businesses in agriculture.
The Nigerian Communications Commission has directed major telecom operators like MTN and Airtel to automatically compensate subscribers for poor service quality, effective April 2026, under new consumer protection rules.
Eterna Plc announced a robust financial turnaround for 2025, with profit before tax rising to N7.27 billion and revenue reaching N302.37 billion, driven by operational efficiency and strategic growth.
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The Nigerian Exchange Limited (NGX) surged past N130 trillion in market capitalisation, gaining N209 billion in a single trading session. Key stocks like Cadbury Nigeria and GTCO drove the upturn, while market breadth remained negative with more decliners
Finance Minister Wale Edun states Nigeria is positioned to benefit from rising oil prices amid Middle East tensions while managing economic risks. The World Bank projects growth but warns of inflation and poverty challenges.
The Nigerian Communications Commission has outlined specific eligibility criteria for subscribers to receive compensation for poor quality of service, effective this month, covering voice, data, and SMS failures.
The National Bureau of Statistics reveals a sharp 49.81% decline in Company Income Tax revenue for Q4 2025, with VAT also falling 3.78% quarter-on-quarter amid economic hardship.
Dangote Petroleum Refinery has reversed its N75 per litre petrol price increase, lowering the ex-gantry price to N1,200. The move follows a sharp decline in global crude oil prices, triggered by eased geopolitical tensions involving Iran.
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Nigeria's NNPC has started exporting the newly discovered Cawthorne crude oil grade to Europe, aiming to diversify exports and boost revenue during high global oil prices.
The Federal Government has granted demurrage waivers for over 10,000 containers stuck at Lagos ports due to regulatory bottlenecks. Officials from NRS, NCS, and PEBEC reviewed the National Single Window system to address operational challenges.
Nigeria's electricity grid faces its worst performance annually from February to April due to a predictable convergence of peak demand from heat and reduced supply from hydro, exacerbated by a lack of reserve capacity and governance failures.
Zenith Bank Plc reports over N1 trillion profit after tax for 2025, with improved asset quality and a doubled dividend payout, reinforcing its status as Nigeria's most profitable bank.
3XG Shop, an omnichannel commerce platform, unveils a strategy to tackle logistics and merchant challenges in Nigeria's growing retail sector, emphasizing infrastructure over promotions.
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A new Afreximbank report reveals Africa's trade structure is concentrated, externally dependent, and fragile, with Nigeria and others facing persistent vulnerabilities despite policy reforms.
African manufacturers and stakeholders call for urgent redesign of special economic zones, citing structural flaws and global shifts. PAMA President Mansur Ahmed outlines a six-point reform agenda to boost integration and competitiveness under AfCFTA.
Nigeria's electricity crisis persists due to poor execution, not lack of ideas. Despite proposed reforms like GAMCO, systemic issues in gas supply, transmission, and tariffs remain unaddressed, leaving millions in darkness.
Labour unions picketed Global Plus Publishing Company in Lagos, alleging the dismissal of 75 workers for joining trade unions, citing violations of labour laws and constitutional rights.
Global renewable energy capacity reached a record 5,149 GW in 2025, with Africa showing growth but lagging behind. IRENA calls for accelerated transition to enhance energy security and resilience.
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Africa's push for energy security through new refineries and plants is hampered by a critical shortage of skilled local talent, risking long-term operational failures and investment losses without urgent workforce development.
