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…
Zainab Okori
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…
Amara Koné
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…
Zainab Okori
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…
Kofi Mensa
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…
Kofi Mensa
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…
Kofi Mensa
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…
Zainab Okori
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 …
Amara Koné
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…
Kofi Mensa
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…
Amara Koné
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…
Joseph Burite (Chief Editor)
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…
Kofi Mensa
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 …
Amara Koné
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…
Amara Koné
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…
Kofi Mensa
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…
Kofi Mensa
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…
Kofi Mensa
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…
Amara Koné
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…
Kofi Mensa
Apapa Customs Posts Record Revenue as Nigeria's Trade Hub Thrives
The Apapa Area Command of the Nigeria Customs Service generated N2.93 trillion in revenue during 2025, confirming its position as Nigeria's …
Kofi Mensa
Nigeria's Sector Strategy Attracts Billions in Investment
Nigeria's NIPC reports $11.5 billion in potential investments for 2025 through a sector-focused strategy targeting manufacturing, agricultur…
Amara Koné
Airtel Africa Expands Share Buyback Program
Airtel Africa has repurchased 40.93 million shares as part of its $100 million buyback program. The company filed the disclosure with the Ni…
Zainab Okori
Fidelity Bank Names Onwughalu as Board Chairman
Fidelity Bank appointed Amaka Onwughalu as Board Chairman effective January 1. Businesses should review banking relationships within 30 days…
Joseph Burite (Chief Editor)
Evaluating Market Opportunities Across African Countries
Learn to assess African market opportunities with step-by-step guidance. This guide covers country selection, costs, and risks for entrepren…
Africa Business News Editorial