Emerging Markets

OPay swings to profit in FY2025 as revenue surges 161% to $536.3 million

African fintech company OPay Limited swung to a net profit of $72.47 million in FY2025 from a $50.98 million loss in FY2024. The p…

Most indebted Nigerian states as of March 2026

Nigeria’s subnational domestic debt rose in the first quarter of 2026, driven largely by a 106.43% increase in borrowing by the Fe…

NAICOM clears final 7 insurers as recapitalisation exercise ends

…as Staco, Universal others miss in the list The National Insurance Commission (NAICOM) has confirmed seven additional insur…

EFCC boss warns Nigerian youths against internet fraud, urges integrity

Ola Olukoyede, executive chairman of the Economic and Financial Crimes Commission (EFCC), has warned Nigerian youths against engag…

OPay’s transactions more than double to $358bn as US IPO nears

OPay Limited processed $358 billion in gross transaction value (GTV) in 2025, more than double the $166.2 billion recorded a read …

Tinubu got it right: Zacch Adedeji and the new face of Nigeria’s revenue revolution

Dr Zacch Adedeji’s appearance on Channels Television’s Politics Today on Sunday night was more than a routine television interview…

From destination to asset class: Creating confidence that attracts investment in tourism

Tourism is often associated with beautiful landscapes, cultural festivals, heritage sites, reserves and hospitality. Before any to…

Aradel Holdings to begin petrol production at its modular refinery in 2027

Integrated indigenous energy firm, Aradel Holdings Plc, has revealed plans to commence refining petrol at its modular refinery in …

21 states forfeit N97.5bn education fund despite out-of-school crisis

As Nigeria grapples with a deepening out-of-school crisis, billions of naira earmarked to improve access to education have gone un…

Customs rejects smuggling, revenue leakage claims, defends digital reforms

The Nigeria Customs Service (NCS) has dismissed allegations of escalating smuggling, revenue leakages, recruitment irregularities …

Mr Eazi’s Choplife expands into Itana Digital Special Economic Zone

Choplife, the entertainment and technology company founded by Nigerian musician and entrepreneur Oluwatosin ‘Mr Eazi’ Ajibade, has…

Textile imports surge as Northern Nigeria struggles to revive cotton industry

Nigeria’s once-thriving textile industry is facing a deeper structural crisis as fabrics imported from China, India and Pakistan i…

May & Baker outpaces pharma firms in profit margin growth

May & Baker Nigeria Plc has emerged as the most profitable of the major listed pharmaceutical companies analysed in the read m…

FGN Savings Bond: DMO raises N5.86 billion as investor demand cools in August

The Debt Management Office (DMO) raised N5.86 billion through the Federal Government of Nigeria Savings Bond (FGNSB) in August 202…

MDGIF backs 200 gas projects as Nigeria races to unlock $200 trillion reserves

The Executive Director of the Midstream and Downstream Gas Infrastructure Fund (MDGIF), Oluwole Adama, has disclosed that the Fund…

Dangote Refinery drives push for West Africa fuel price hub

The 650,000-barrels-per-day Dangote Refinery is driving efforts by West African energy regulators to establish a regional fuel pri…

Tinubu’s tax reforms promised relief, evidence shows multiple levies are killing businesses

Despite the Federal Government’s sweeping tax reforms aimed at simplifying Nigeria’s tax system, businesses across the country say…

Africa’s business activity hits seven-month high despite Middle East tensions

Africa’s private sector entered the second half of the year on firmer footing, with business activity rising to its highest …

OPay transactions more than double to $358 billion as IPO nears

OPay Limited processed gross transaction value (GTV) of $358 billion in 2025, more than double the $166.2 billion recorded in 2024…

Libya’s investment paradox and the 20% chasm

Libya presents a striking investment paradox. The country possesses Africa’s largest proven crude-oil reserves, a strategic …

N31trn assets: How Nigeria’s pension funds are building towards private equity opportunity

Nigeria’s pension industry assets currently stand at N31.3 trillion, more than the entire 2024 federal budget, built by 11.2…

Infrastructure gains come at a cost as property market soar in Abuja

Infrastructure investments intended to improve connectivity and stimulate economic growth are increasingly driving up property cos…

Geregu Power: When revenue and profit mask a cash flow problem

The recent bond default by Geregu Power Plc has ripped away the facade of comfort that revenue growth and impressive net profits c…

Olubadan-in-Council will partner FRSC to ensure safer roads in Oyo – Ladoja

Oba Rashidi Adewolu Ladoja, the Olubadan of Ibadanland, has assured officers and men of the Federal Road Safety Corps (FRSC) read …