Nigeria: Dangote Refinery Seeks $1b in Private Debt Sale

Dangote Petroleum Refinery is seeking to raise as much as $1 billion through a private debt sale to foreign investors as it expands production and funding plans. Read more »

Nigeria: Flutterwave Raises Series E At $3.25b Valuation

Flutterwave raised a Series E round at a $3.25 billion valuation after receiving an equity investment from Ripple, the US blockchain payments company. Read more »

Nigeria: Nigeria Inflation Quickens As Middle East War Drives Fuel Costs

Nigeria's inflation rate rose less than expected in May, strengthening the case for possible interest-rate cuts later this year if global energy prices keep falling. Consumer… Read more »

Nigeria: Stablecoins Become Growing Cross-Border Channel in Nigeria

Stablecoins are becoming a major cross-border payment channel in Nigeria as households and small businesses use dollar-linked digital tokens to move money faster and at lower cost. Read more »

Nigeria: Dangote Refinery Valued At $39b in Private Placement Ahead of IPO

Dangote Petroleum Refinery is seeking to raise about $1 billion through a private placement that values the company at $39.1 billion, according to an information memorandum seen by… Read more »

Nigeria: Fairmoney Launches Asset Financing for Nigeria Mobility Entrepreneurs

Nigeria-based digital bank FairMoney has launched an asset financing product aimed at helping transport operators and delivery entrepreneurs acquire vehicles, expanding its push… Read more »

Nigeria: Nigeria's Smartcomply Expands to UK With AML Platform

Smartcomply is expanding into the UK with Adhere, its AI-powered anti-money laundering, know-your-customer and fraud-detection platform for African payment corridors. Read more »

Nigeria: Zipline Plans Nigeria Expansion to Reach 100m People

Zipline plans to build 12 more distribution centres in Nigeria as the drone logistics company seeks to expand from health-tech pilots into national medical supply infrastructure,… Read more »

Nigeria: Telecom Giants Airtel, Glo Resume Airtime Lending in Nigeria

Airtel and Globacom have resumed airtime lending in Nigeria after the country's consumer protection regulator suspended enforcement of digital lending rules that had disrupted the… Read more »

Nigeria: bPOWERd Expands Into Nigeria With Solar Battery Rental Service

bPOWERd has expanded into Nigeria with a solar battery rental service for homes and small businesses in Lagos, as rising fuel and electricity costs push more users toward off-grid… Read more »

Nigeria: AfDB Approves $200m Facility for Nigeria's Bank of Industry

The African Development Bank approved a $200 million financing facility for Nigeria's Bank of Industry (BOI) to expand access to long-term credit for companies in sectors tied to… Read more »

Nigeria: S&p Upgrades Nigeria's Credit Rating for First Time Since 2012

S&P Global Ratings upgraded Nigeria's long-term foreign and local currency sovereign credit ratings to 'B' from 'B-' on May 15, 2026, with a stable outlook. The agency also… Read more »

Africa: Lafarge Africa to Become Hbm Nigeria After Huaxin Takeover

Lafarge Africa Plc shareholders have approved a plan to rename the cement maker HBM Nigeria Plc, marking the formal shift to its new Chinese majority owner. Read more »

Nigeria: Dangote Plans London Listing for $12b Cement Firm This September

Aliko Dangote is reviving plans to list Dangote Cement in London, as Africa's largest cement producer seeks access to a wider base of global investors after a rally in its… Read more »

Nigeria: French Retailer Carrefour Enters Nigeria, Guinea in Franchise Deals

Carrefour said it will enter Nigeria and Guinea through franchise agreements with local partners, expanding its footprint in West Africa. The move is part of its Carrefour 2030… Read more »

Nigeria: Renew Capital Launches Venture Lab to Back African Fintech Founders

Renew Capital has launched a new programme to support startups building financial products for small businesses. The initiative, called the Renew Venture Lab: EmFi Series, aims to… Read more »

West Africa: Nigeria Inflation Hits Two-Decade High As Fuel Costs Surge

Nigeria's monthly inflation rate rose to a more than two-decade high in March, driven by higher fuel costs linked to global energy tensions. Consumer prices increased 4.2%… Read more »

Nigeria: Dangote Plans Pan-African IPO for Refinery in Landmark Listing

Aliko Dangote plans to list shares of the Dangote Refinery across multiple African stock exchanges, in what could become one of the largest and most complex equity offerings on the… Read more »

Nigeria: Dangote Targets $40b Expansion to Scale Refining, Fertilizer Output

Dangote Group plans to invest at least $40 billion over the next 5 years to expand its refinery and fertilizer operations, as part of a strategy to scale production and reduce… Read more »

West Africa: Nigeria Seeks $5b Swap Deal With UAE Lender to Cut Borrowing Costs

Nigeria plans to raise $5 billion through a derivatives transaction with First Abu Dhabi Bank, as it looks for lower-cost funding amid rising global yields. Lawmakers approved… Read more »

Nigeria: Paga Founder Moves to Group CEO As Fintech Targets Expansion

Tayo Oviosu is stepping back from day-to-day operations at Paga after 17 years, moving into a Group CEO role as the company restructures its leadership. Read more »

Africa: SMC DAO Acquires Nigeria's Bread Africa in Crypto Consolidation Move

SirMapy and Co DAO has acquired Nigerian crypto startup Bread Africa in an all-cash six-figure deal, as consolidation continues in the country's digital asset sector. Read more »

West Africa: Media King Targets Nigeria With Cloud-Based Public Wifi Model

Croatia-based Media King Group is expanding into Nigeria, aiming to deploy a cloud-managed public WiFi system in one of Africa's most complex connectivity markets. Read more »

Nigeria: Flutterwave Gets Nigerian Banking License to Expand Payments Control

Flutterwave has obtained a banking license in Nigeria, allowing the company to hold deposits and process financial flows directly within the country's regulated system. Read more »

Nigeria: Kuda Lays Off Staff in Restructuring to Align With Growth Strategy

Kuda has laid off employees across multiple departments as part of a company-wide restructuring aimed at aligning operations with its next phase of growth. Read more »