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 »

Nigeria: Tony Elumelu Foundation Backs 3,200 Entrepreneurs With $5,000 Grants

Tony Elumelu Foundation selected 3,200 entrepreneurs across Africa for its 12th Entrepreneurship Programme, with each participant set to receive $5,000 in grant funding and… Read more »

Africa: Dangote Refinery Sells Fuel Across Africa After Reaching Full Capacity

Dangote Petroleum Refinery & Petrochemicals has begun exporting fuel across Africa after reaching full production capacity, marking a shift in regional fuel supply dynamics. Read more »

Nigeria: Dangote Nears Refinery IPO in Deal That Could Reshape Nigerian Market

Dangote Group has appointed Stanbic IBTC Capital, Vetiva Capital Management and FirstCap to lead the planned initial public offering of its refinery business on the Nigerian… Read more »

Nigeria: Nigeria Central Bank Mandates AI Tools for AML Monitoring

The Central Bank of Nigeria has formally incorporated artificial intelligence into its anti-money-laundering framework, requiring banks, fintech firms and payment companies to… Read more »

Nigeria: Nigeria Launches Idice Startup Bridge With $100,000 Ticket Size

Nigeria's federal government launched the iDICE Startup Bridge, a new program that offers grants and equity investment for early stage startups. The initiative will provide grants… Read more »

Nigeria: Foreign Music Distributors Control 68% of Nigeria Streaming Market

Three global music distribution companies accounted for 68% of Nigeria's total streaming volume in 2025, highlighting the role of foreign firms in the country's music market.… Read more »

Nigeria: Nigeria Central Bank Limits BVN Phone Number Changes to One Time

The Central Bank of Nigeria has restricted how often customers can change the phone number linked to their Bank Verification Number, limiting the update to once in a lifetime. Read more »

Nigeria: Nigeria Internet Penetration Reaches 53% As Telcos Expand Networks

Nigeria's internet penetration reached 53% in January 2026 as telecom operators expanded broadband networks and added millions of new users, according to data from the Nigerian… Read more »

Nigeria: MTN Nigeria Races Ahead in Fibre Broadband Market

MTN Nigeria expanded its lead in Nigeria's fixed broadband market after adding 13,433 subscribers to its fibre-to-the-home service in December 2025. The gains come as smaller… Read more »

Nigeria: Chowdeck Partners Mycovergenius On Accident Insurance for Riders

Chowdeck has launched a personal accident insurance scheme covering more than 20,000 riders on its platform through a partnership with Nigerian insurer MyCoverGenius. Read more »

Nigeria: Nigeria Signs $1.3b Deal With AFC for Alumina Refinery

Nigeria has signed a $1.3 billion agreement with the Africa Finance Corporation to build an alumina refinery that will process bauxite locally and expand the country's role in the… Read more »

West Africa: Nigeria Extends Shea Export Ban to Boost Local Processing

Nigeria has extended its ban on the export of raw shea nuts for another year, reinforcing its push to expand domestic processing and retain more value from one of its key… Read more »

Nigeria: Ngx Suspends Zichis Shares After 859 Percent Post-Listing Surge

The Nigerian Exchange Limited has suspended trading in the shares of Zichis Agro-Allied Industries Plc pending an investigation into recent market activity. Read more »

Nigeria: Nigeria Central Bank Cuts Benchmark Rate to 26.5% in Cautious Move

The Central Bank of Nigeria lowered its benchmark interest rate by 50 basis points to 26.5%, delivering a smaller cut than many analysts had expected. Read more »

Nigeria: Nigeria's Terra Raises $22m More to Expand Autonomous Security Systems

Nigerian defence-tech startup Terra Industries has secured an additional $22 million in funding, bringing its total raise to $34 million within months of launch. Read more »

Nigeria: Risevest Secures SEC Licence After Regulatory Standoff

Nigerian fintech Risevest has obtained a Fund and Portfolio Manager licence from the Securities and Exchange Commission, bringing its investment operations under direct regulatory… Read more »

Nigeria: Wealthiest African Aliko Dangote Prepares Daughters in Succession Push

Aliko Dangote has appointed his three daughters to expanded leadership roles across Dangote Group as he pursues a plan to build the business into a $100 billion enterprise within 4… Read more »

Ghana: Fitch Ratings Upgrades Ecobank Group's Outlook to Positive

Fitch Ratings has revised the Outlook on Ecobank Transnational Incorporated (BRVM: ETIT) to Positive from Stable and affirmed its Long-Term Issuer Default Rating at B-. Read more »

Nigeria: Ngx Lists First Commercial Papers With Dangote Cement Deal

The Nigerian Exchange Limited has admitted its first Commercial Paper listings, marking the debut of short-term corporate notes on its platform. Read more »

Nigeria: MTN Nigeria Stock Hits Record High After Group's $6.2b Ihs Deal

MTN Nigeria shares rose to a record N780 on February 19 after the South Africa-based MTN Group agreed to acquire IHS Towers in a $6.2 billion transaction. The stock gained N30, or… Read more »

Nigeria: Nigerian Stocks Rally As Main Index Crosses 173,000 Points

Nigeria's All-Share Index rose 1.29% on Feb. 9, 2026, breaking above the 173,000-point level as gains in large-cap stocks lifted the market. Read more »

West Africa: Nigeria Says Soldiers Plotted Coup, Raising Fresh Fears in West Africa

Nigeria has acknowledged for the first time that a group of soldiers plotted to overthrow President Bola Tinubu, an admission that underscores renewed concerns about military… Read more »

Nigeria: Zichis Agro Joins NGX Growth Board in Bid to Improve Liquidity

Zichis Agro Allied Industries Plc began trading on the Nigerian Exchange Growth Board on January 20, 2026, joining a segment designed for growth-oriented companies seeking greater… Read more »

Nigeria: Paypal Returns to Nigeria Through Paga After Two Decades

PayPal is partnering with Nigerian fintech Paga to allow Nigerians receive international payments, settle funds in naira, and access PayPal's global network after nearly 20 years… Read more »