Emerging Markets

Nigeria spends N4.14 trillion more on debt service than infrastructure

Nigeria incurred N10.61 trillion in additional debt-service costs between June 2023 and December 2025, about N4.14 trillion more t…

South Africa’s banking giant sets sight on Nigeria for growth

Absa Group Ltd. is looking to expand its presence in Nigeria, adding Africa’s most populous nation to its push to read more South …

Explainer: Why Nigeria’s digital economy needs stronger cybersecurity

Nigeria’s digital economy is expanding with more people, businesses and government institutions moving their activities online. Al…

Dapper CEO clarifies financial stance, records amidst former artists mismanagement claims

Damilola “Dapper” Akinwunmi, chief executive officer of Dapper Music and Entertainment, has rejected allegations of financial mism…

Tinubu appoints Abel Enitan as new head of civil service

President Bola Tinubu has appointed Abel Olumuyiwa Enitan as the new head of the civil service of the federation, effective read m…

OlivePay secures NRS accreditation as system integrator, access point provider for e-invoicing

Olive Payment Solutions Limited (OlivePay) has secured regulatory approval from the Nigeria Revenue Service (NRS) to operate as bo…

Dollar demand plunges 35% in one month as naira stays stable

Dollar demand by the end-users declined sharply in April 2026, with total FX utilisation by sectors falling by 35.23 percent read …

BREAKING: Tinubu appoints Abel Enitan as new Head of Civil Service

President Bola Ahmed Tinubu has appointed Abel Olumuyiwa Enitan as the new Head of the Civil Service of the Federation (HCSF), eff…

Tinubu directs EFCC-recovered funds, unclaimed dividends to fund student loans

President Bola Tinubu has directed that liquid funds recovered by the Economic and Financial Crimes Commission (EFCC), alongside u…

Zenith Bank gets NGX approval for six-week extension on H1 2026 results

Zenith Bank Plc has received approval from the Nigerian Exchange Limited (NGX) to extend the deadline for publishing its Half-Year…

Tinubu orders diversion of N242bn unclaimed dividends, EFCC recoveries to NELFund

President Bola Tinubu on Wednesday approved the diversion of unclaimed dividends and looted money recovered by the Economic and Fi…

TCN expands Lagos power grid with 840MVA transformer roll-out

The federal government has moved to resolve critical transmission bottlenecks in Nigeria’s commercial capital, commissioning eight…

Understanding CBN’s mandates and policy thrusts

In one of the sessions on the economy on Arise TV, with a particular focus on the Central Bank of read more Understanding CBN&#821…

Japan commits N20 billion to boost electricity transmission in Lagos

The Government of Japan, through the Japan International Cooperation Agency (JICA), has committed N20 billion to the expansion and…

CWG rakes in N15.5 billion from IT infrastructure services in H1 2026

CWG Plc generated N15.5 billion from IT Infrastructure Services in the first half of 2026, up 142.4% from N6.4 billion recorded in…

At the altar of price stability: Credit, growth and the CBN’s balancing act

“Stability is not everything,” the German economist and former finance minister Karl Schiller once observed, “but without stabilit…

FMDQ Exchange approves quotation of Ojaja Pan Africa N25.53bn Commercial Papers

FMDQ Securities Exchange Limited has approved the quotation of Ojaja Pan Africa Limited’s N4.80 billion Series 1, N1.36 billion Se…

N20.4trn influx: Nigeria unveils cost, benefit breakdown of sweeping reforms

The federal government mobilised a total of N20.4 trillion in incremental resources over the 30 months leading up to December read…

NERC hands over Akwa Ibom power market control to state regulator

The Nigerian Electricity Regulatory Commission (NERC) has transferred regulatory oversight of Akwa Ibom State’s electricity market…

Bitget Wallet targets creator economy with 60% affiliate commissions

Bitget Wallet has launched a global affiliate programme offering creators, influencers and community managers commissions of up to…

Nigeria resumes onion export trade to Ghana

The National Onion Producers, Processors and Marketers Association of Nigeria (NOPPMAN) has lifted its suspension on onion exports…

Police rescue motorist from mob after Abuja road crash, arrest three suspected vandals

The Federal Capital Territory (FCT) Police Command has rescued a motorist who was reportedly attacked by a mob following a read mo…

NAICOM revokes Universal Insurance licence over failure to meet recapitalisation requirement

The National Insurance Commission (NAICOM) has revoked the operating licence of Universal Insurance Plc and appointed a receiver/p…

Rent inflation surges to 33.8%, putting Nigerian tenants under pressure

Nigeria’s rent inflation rose sharply to 33.8% in July 2026 from 14.79% in June, according to data from the National Bureau of Sta…