Emerging Markets

Africa Fintech Growth Must Be Matched by Resilient Infrastructure, Says Belema Fintech CEO

Africa’s fintech revolution can only achieve sustainable growth if the infrastructure powering digital transactions is resilient, …

CSCS welcomes Nigeria’s Frontier Market reclassification by FTSE Russell

Central Securities Clearing System Plc (CSCS) has welcomed FTSE Russell’s decision to proceed with Nigeria’s reclassification from…

Dangote Refinery says rising fuel imports are forcing greater export focus despite strong local supply capacity

The management of Dangote Petroleum Refinery and Petrochemicals (DPRP) has expressed concern over the continued issuance of petrol…

FG installs 668,000 meters under $500 million World Bank programme

The Federal Government has deployed and installed 668,000 electricity meters on customers' premises, representing 60% of the 1,033…

CBN cuts one-year T-bill rate by 44bps as N3.63 trillion bids chase N500 billion offer

At the primary market auction on Wednesday, August 26, 2026, the Central Bank of Nigeria (CBN) cut the one-year stop rate by 44 ba…

Nigerian gunmen raise over $5 million from mass kidnappings, study finds

Nigerian kidnappers have collected nearly $5.8 million in ransom payments in the last year from civilian abductions, crime that i…

Businessday NG · 1d ago · Nigeria

West Africa records highest air travel tax burden in Africa at $110 per passenger

West Africa has the highest average tax on air passengers in Africa, with travellers paying about $110 per departure, according to…

Lagos developers lament rising costs, warn buyers and tenants will pay more

Real estate developers, investment analysts and a quantity surveyor have said that rising land prices, construction materials, lab…

BREAKING: OPay plans listing on Nigerian Exchange

Fintech giant OPay is planning to list its shares on the Nigerian Exchange (NGX), Nairametrics has learnt, in what could become on…

Malami unveils 600-member ADC campaign council in Kebbi, calls for unity

Abubakar Malami, SAN, the former Attorney-General of the Federation and Minister of Justice, has inaugurated the Director-General …

MTN seeks Nigerian buyers for 30% IHS stake worth up to $1.1 billion

MTN Group is seeking local investors to acquire a 30% stake in IHS Nigeria as part of conditions attached to its acquisition of IH…

FG laments Benin-Asaba road gridlock, to terminate contract over inefficiency

David Umahi, Minister of Works, has appealed to the concessionaire handling the Benin-Asaba road to immediately write to the Feder…

Nigeria’s corporate rewards economy hits N150bn as non-cash incentives surge

Nigeria’s corporate rewards economy has moved more than N150 billion in non-cash reward value over the past decade, with activity …

South Africa’s tourist arrival surges 17% in July despite xenophobia attacks

The number of foreign arrivals at South Africa’s ports rose 17.3% month on month to more than 1.27-million in July, read more Sout…

Nigeria’s 2026 Decommissioning and Abandonment Regulations: What upstream operators, investors and lenders need to know

Introduction Decommissioning and abandonment are related but distinct end-of-life obligations in upstream petroleum operations. De…

FTSE Russell may reclassify Nigeria back to Frontier Market

FTSE Russell may reclassify Nigeria back to “Frontier Market” status. The likelihood of this reclassification of the n…

FAAN clears Bolt to resume e-hailing services at airports

The Federal Airports Authority of Nigeria (FAAN) has cleared Bolt to resume e-hailing services at FAAN-managed airports following …

BREAKING: FTSE Russell to proceed with Nigeria’s reclassification to Frontier Market status

Global index provider FTSE Russell is set to proceed with the reclassification of Nigeria from “Unclassified” to “Frontier Market”…

NFF President Ibrahim Gusau resigns amid corruption allegations

Nigeria Football Federation (NFF) President Ibrahim Gusau and other members of the federation’s executive board have reportedly re…

Tinubu tells NLNG to unlock value as Nigeria flares 203.9 billion scf of gas

President Bola Tinubu has charged the management of Nigeria Liquefied Natural Gas (NLNG) to turn the nation’s gas reserves into ec…

Nigeria, Thailand deepen relationship in technology, agriculture, renewable energy

…As Shettima demands review of bilateral relationship at strategic level Nigeria and Thailand have committed to deepen relat…

Nigerians pay N7.78 billion ransom as kidnappings surge 66%

Nigerians paid at least N7.78 billion in ransom to kidnappers between July 2025 and June 2026, as the number of people abducted ac…

Dangote Refinery threatens petrol exports as imports hit 43%

The Dangote Petroleum Refinery has warned that it may increase petrol exports as rising imports create uncertainty over domestic d…

Global Gas gets Supreme Court nod to reopen key issues in Shell dispute

The Supreme Court has granted leave to Global Gas and Refining Limited to raise “fresh issues” in its amended appeal in its long-r…