Technology
inDrive Launches In-App Advertising in Nigeria
inDrive has launched in-app advertising in Nigeria, creating a new revenue stream for the ride-hailing platform. This move addresses industr…
Nigeria Business News
Latest business headlines, market analysis and industry insights from Nigeria. Coverage includes markets, technology, energy, banking, policy and startups with breaking news updated throughout the day.
Markets
United Capital Infrastructure Fund Bolsters Leadership for Growth Push
United Capital Plc has appointed four independent experts to the investment committee of its United Capital Infrastructure Fund (UCIF). This…
Technology
Uganda Orders Nationwide Internet Shutdown Ahead of Polls
Uganda has implemented a nationwide internet shutdown ahead of presidential elections, effective from Tuesday evening. The blackout disrupts…
Markets
TETFund Announces Major Funding for Nigerian Universities
Nigeria's Tertiary Education Trust Fund will allocate N6.452 billion to public universities and colleges in 2026. This funding supports infr…
Markets
Nigeria Launches Lagos Gold Refinery and $600M Lithium Plant
Nigeria launched a gold refinery in Lagos and announced a $600 million lithium plant. These projects aim to add value to raw minerals and bo…
Markets
Indonesia's Rice Price Policy Sparks Market Interest in Nigeria
Indonesia plans to implement a nationwide single rice price policy in 2026, announced by Coordinating Minister for Food Affairs Zulkifli Has…
Markets
US Tariffs Target Iran Trade, Nigeria Faces Economic Risk
US President Donald Trump imposed a 25% tariff on goods from countries trading with Iran, directly impacting Nigeria due to its energy and t…
Markets
Nigerian Manufacturers Gain from New Performance Tax Incentives
Nigeria's new performance-based tax incentives under the Nigeria Tax Act 2025 offer manufacturers reduced rates and accelerated depreciation…
Markets
Eterna Plc Launches N21.5 Billion Rights Issue
Eterna Plc launched a N21.5 billion rights issue, offering 978 million shares at ₦22.00 each to reduce debt and fund expansion. This move ad…
Markets
Busha Launches Digital Money App with Expanded Financial Services
Busha, a licensed Nigerian cryptocurrency exchange, has transformed into a full-service digital money app with a brand refresh and expanded …
Markets
U.S. Immigration Fee Hike Hits Nigerian Business Travelers
The U.S. Department of Homeland Security will increase premium processing fees for immigration applications by 5.6% starting March 1. This a…
Policy
Akwa Ibom Airport Boosts Tourism, Says Onung
Nkereweum Onung stated the Akwa Ibom International Airport boosts tourism. The airport's expansion supports passenger and cargo growth. Busi…
Markets
CBN Projects Petrol Price Surge to N950 by 2026
The Central Bank of Nigeria projects petrol prices will reach N950 per litre by 2026, representing a 28% increase from current retail levels…
Markets
ADC's Political Weakness Creates Business Uncertainty: What Companies Must Monitor
Former Labour Party candidate Yusuf Datti Baba-Ahmed's criticism of ADC's political weakness highlights business risks. Companies like Dango…
Startups
How to Start a Small Business in Nigeria: Costs and Requirements
This guide explains how to start a small business in Nigeria with updated 2026 costs and requirements. It covers registration, taxes, fundin…
Markets
Trump Cancels Venezuela Attack After Prisoner Release
Former US President Donald Trump cancelled planned military strikes against Venezuela after the government released political prisoners. Thi…
Markets
Nigeria Clarifies Tax Rules on Bank Account Inflows
Nigeria's tax authority has clarified that bank account inflows are not automatically taxable, addressing widespread confusion. Only actual …
Markets
MTN Executive Buys Shares as Stock Tops N500 Mark
MTN Nigeria's Senior Manager for Financial Operations purchased N40.9 million worth of company shares as the stock traded above N500. Execut…
Markets
Nigeria's Stock Market Hits N100 Trillion Milestone
Nigeria's stock market reached a historic N100 trillion valuation this week. President Bola Tinubu credited his administration's economic re…
Markets
FERMA Launches Katsina Road Scheme with Youth Jobs
FERMA launched a road maintenance scheme in Katsina targeting 50km of federal roads. The ₦2.5 billion program includes youth training for 50…
Markets
Flutterwave Acquires Mono to Boost Profitability Ahead of IPO
Flutterwave has acquired open-banking startup Mono to boost profitability and prepare for an IPO. The deal will help Flutterwave reduce cost…
Markets
Nigeria's Shea Export Ban Reshapes Agriculture Markets
Nigeria's six-month ban on raw shea nut exports aims to boost local processing and value addition. The policy interacts with 2025 floods and…
Markets
Nigeria's Stock Market Ranks Third in Africa by Listings
Nigeria's stock market ranks third in Africa by number of listed companies, behind only South Africa and Egypt. This position reflects the m…
Technology
Nigeria's First AI Data Center Nears Reality
Nigeria is on track to launch its first AI-focused data center by late 2026. Projects like Kasi Cloud and Airtel Nxtra are advancing toward …