Supacash Launches Group Wallets for Shared Finances
Supacash unveils Group Wallets, a shared wallet system for friends, families, and groups to manage finances collaboratively, targeting Nigeria's growing fintech market.
Category : Business
CBN: Naira Stability Market-Driven, Not Artificially Propped Up
CBN Governor Cardoso explains that the naira's recent stability is due to FX reforms and increased liquidity, with minimal central bank intervention at 1.2-1.3% of market turnover.
Skyewise Group Hires Nedu Wazobia as Brand Ambassador
Skyewise Group has announced popular OAP Nedu Wazobia as its brand ambassador to promote its financial services and expand its presence across Nigeria.
Otedola Commits $100M to Dangote Refinery Private Placement
Billionaire Femi Otedola commits $100 million to buy a stake in Dangote Refinery's private placement ahead of its September 2026 IPO, valuing the refinery at $40-50 billion.
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US to Support 1,500 Mobile Base Stations in Nigeria, Others
The USTDA plans to deploy 1,500 mobile base stations across Nigeria, Benin, Ghana, and Côte d’Ivoire to improve broadband access in underserved rural communities.
SROL Wins Three Awards at Solid Minerals Excellence Awards
Segilola Resources Operating Limited won three major awards at the inaugural Solid Minerals Excellence Awards in Abuja, including Gold Mining Company of the Year and Outstanding Gold Producer of the Year.
Dangote Refinery IPO: How to Buy Shares as Launch Date Set
Dangote Refinery IPO set for September 2026. Aliko Dangote confirms investor interest nears $2 billion. Femi Otedola plans $100 million investment. Learn how to buy shares.
Naira Holds Firm Against US Dollar as CBN Retains Interest Rate
Nigeria's naira closes at N1,373.34 per dollar, CBN retains benchmark rate at 26.5%, external reserves rise to $49.49 billion, boosting investor confidence.
Dangote Refinery Aims for $2 Billion Private Placement
Aliko Dangote announced the Dangote Refinery is targeting nearly $2 billion through a private placement ahead of its planned IPO, with strong investor interest already exceeding expectations.
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Nigerians Seek Faster Bitcoin to Naira Withdrawals
Nigerians increasingly demand faster bitcoin-to-naira conversion and withdrawal systems as crypto adoption expands in business, freelance, and cross-border transactions.
Africa at Risk Without Modern Ports – Dantsoho
Dr. Abubakar Dantsoho warns Africa cannot achieve economic growth with obsolete ports, urging investment in modern, deep-sea facilities and technology to compete globally.
SpaceX Files for IPO, Could Make Musk Trillionaire
SpaceX has filed for a public stock offering, potentially the biggest IPO in history. The company disclosed financials, including $18.7B revenue and $4.9B loss in 2025, with heavy AI investments.
One Year After Using PalmPay, Kano Trader Praises Fintech Platform
A Kano trader shares how PalmPay's Women Empowerment Program helped her transform her business with digital banking, POS terminals, and real-time transaction tracking.
Top 10 Real Estate Companies in Nigeria 2026
Discover Nigeria's top 10 real estate companies ranked by delivery, quality, and investor confidence. From Mshel Homes to Urban Shelter, explore leading developers.
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Nigerian Man Goes From Losing Savings to Making Millions in Canada
A Nigerian man who lost his life savings in Canada shares his journey from hardship to building a business that generated over $1 million in revenue.
Otedola Invests $100M in Dangote Refinery Before IPO
Billionaire Femi Otedola announces $100 million investment in Dangote Petroleum Refinery ahead of its landmark IPO, signaling confidence in Nigeria's energy future.
CBN Reviews Bank Alerts, Charges for Customer Relief
The Central Bank of Nigeria is working with commercial banks to review excessive transaction alerts and multiple debit notifications, aiming to improve customer complaint resolution and transparency.
Nigeria Textile Revival Aims for 1.5 Million Jobs
Nigeria's government is reviving the textile industry, targeting 1.5 million jobs after cotton production dropped to 10,000 metric tonnes. A pilot project produced 10,000 local T-shirts.
Nigeria Launches Net-Zero Investment Plan for 2060
Nigeria launches Net-Zero Investment Plan to achieve net-zero emissions by 2060, focusing on sustainable growth and private sector engagement.
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NSIA Advances Nigeria's Digital Future with Tech Investments
NSIA is investing in digital infrastructure like the KASI hyperscale data centre and innovation platforms to position Nigeria as a leader in the AI-driven economy.
CBN Retains Rate at 26.5% as Inflation Seen Temporary
The Central Bank of Nigeria kept the Monetary Policy Rate at 26.5%, citing temporary external shocks. Governor Yemi Cardoso highlighted rising reserves and forex stability.
Nigeria Equities Lose N1.6 Trillion Amid Sell Pressure
Nigerian equities market capitalisation fell by N1.6 trillion as bluechip stocks faced sell pressure, with BUA Cement leading losses.
Seplat Targets $1 Billion Dividend Payout, Eyes 200k bpd
Seplat Energy plans $1 billion dividend payout over 4-5 years and targets 200,000 bpd production after acquiring Mobil assets.
Otedola invests $100m in Dangote Refinery
Femi Otedola commits $100 million to Dangote Refinery IPO, selling Geregu Power stake, as investor demand surpasses $2 billion ahead of listing.
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Wema Bank shareholders approve N1.25 dividend for 2025
Wema Bank shareholders approved N1.25 dividend per share after 2025 earnings surged 125%. Gross earnings hit N660.59 billion, up 52.79%.
Mutual Benefits Pays N5.5bn Claims to Boost Trust
Mutual Benefits Assurance paid over N5.5 billion in claims in April 2026, as stakeholders urge faster, transparent settlements to rebuild consumer confidence in Nigeria's insurance sector.
Nigeria, China Deepen Transport Collaboration for Urban Traffic
Nigeria and China strengthen partnership to address urban traffic congestion through smart solutions, improved transport systems, and technology-driven infrastructure.
AfCFTA: Africa’s Most Powerful Lever for Trade and Investment
Minister Jumoke Oduwole reaffirms AfCFTA as Africa's key trade lever, urging implementation beyond declarations to overcome border barriers and boost intra-African commerce.
FG Approves Five Deep Seaports for Investment
The Federal Government has approved five deep-seaport projects to reclaim over 70% of Nigerian-bound cargo traffic. NPA MD Abubakar Dantsoho listed the ports at a PMAWCA meeting.
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FG backs telecom policy review for $1tr economy target
The Federal Government supports telecom policy review to achieve $1 trillion economy, with focus on infrastructure protection and measurable results.
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