Every article here has been read, summarized, and reviewed by a human editor before it reached you — across African tech, business and finance.
Dangote Refinery is preparing to list on the Nigerian Stock Exchange (NGX) this year at a target valuation of about $50 billion (approximately N70 trillion), with the possibility of selling up to a 10% stake.To… Read full article →
The Nigerian Communications Commission (NCC) issued a statement warning mobile network operators and internet service providers that stricter enforcement will continue if poor service quality persists, following public complaints about dropped calls, slow internet, and… Read full article →
Jumia CEO Francis Dufay announced plans to cut 200 jobs. About 10% of its roughly 1,980-person workforce, powered by AI automation across logistics, customer service, finance, and marketing, targeting breakeven in Q4 2026 and full-year… Read full article →
Many founders structure their entire growth plan around raising the next funding round, creating companies that cannot survive without constant capital injections, a model the article argues is fundamentally fragile, especially in emerging markets like… Read full article →
Brent crude rose 45 cents to $106.08 per barrel and WTI gained 41 cents to $101.43 per barrel on Thursday, recovering from losses the previous session.Investors are watching U.S.-China summit talks for diplomatic signals that… Read full article →
NITDA Director General Kashifu Inuwa is driving Nigeria's Sovereign Cloud Strategy, framing local data control as a matter of national security and economic self-determination, not just a technical upgrade.NITDA has partnered with the International Data… Read full article →
Angola and Nigeria topped the EMEA cyber attack rankings in April 2026, with 4,599 and 4,469 attacks per organisation per week, respectively, ahead of Russia and South Africa, which ranked 13th at 1,777 attacks per… Read full article →
Cyberattacks are growing more costly and damaging globally, with major breaches at companies like Equifax, MGM Resorts, Change Healthcare, and Meta exposing millions of customers' sensitive data and causing billions in losses.Common attack entry points… Read full article →
The Dangote Petroleum Refinery operated at 99.12% average capacity utilisation in April, processing the bulk of approximately 18.37 million barrels of crude oil received by domestic refineries during the month, with 17.96 million barrels sourced… Read full article →
Olufemi Otedola, through his company Calvados Global Services Limited, bought 549,535,653 ordinary shares at N79 per share, lifting his stake in First HoldCo Plc from 18.12 per cent to 19.35 per cent, making him the… Read full article →
Nigeria's domestic refineries averaged 99.12% capacity utilisation in April, with Dangote Refinery hitting 100% for most of the month, pushing daily petrol production to 53.6 million litres above the country's 50 million litre daily consumption… Read full article →
NEM Insurance Plc released audited results for the year ended 31 December 2025, showing Group total assets rising by N61.81bn to N186.04bn, up from N124.23bn in 2024.Group total revenue grew to N173.04bn from N121.6bn, but… Read full article →
The Naira appreciated by N5.06 (0.37%) against the US dollar on May 13, 2026, closing at N1,370.56/$1 in the official NAFEX market, ending a recent losing streak.Nigeria's external reserves rose by approximately $150 million to… Read full article →
The All-Share Index (ASI) closed at 252,841.39 points on May 13, a 0.04% gain, pushing total market capitalisation to ₦162.05 trillion, a ₦440 billion rise in a single session.Trading value surged to ₦109.44 billion across… Read full article →
Ecobank Group announced a $3 billion trade finance commitment over the next three years, targeting intra-African and global trade acceleration.Funds will be deployed in partnership with Development Finance Institutions, including Proparco, focusing on agribusiness, manufacturing,… Read full article →
The Debt Management Office (DMO) has listed its 18.95 percent N47.36 billion Series III Sovereign Green Bond, due June 2030, on both the Nigerian Exchange Limited (NGX) and FMDQ Securities Exchange.This is the third green… Read full article →
A user identified as 'cprkrn' on X recovered 5 BTC worth roughly $400,000 after their wallet had been inaccessible for over 11 years, locked since around 2014 or 2015 when they forgot a password changed… Read full article →
The Financial Market Dealers Association (FMDA) projects Nigeria's headline inflation at 16.42% year-on-year in April 2026, up from 15.38% in March, the first back-to-back monthly acceleration in annual inflation since mid-2025.Key drivers include a 9.44%… Read full article →
The Nigerian All-Share Index closed at 252,508.2 points on Wednesday, 13 May 2026, a 0.04% gain, with year-to-date returns now at 62.27%, reflecting a strong market run so far in 2026.First HoldCo led the day… Read full article →
Nigerian-Canadian fintech Chimoney, founded in 2022 by Uchi Uchibeke, has shut down after failing to raise sufficient capital, ceasing all new transactions and integrations as of May 1, 2026.Chimoney built cross-border payment infrastructure allowing businesses… Read full article →
The Debt Management Office (DMO) announced a N600 billion bond auction on behalf of the federal government, scheduled for May 18, 2026, settling on May 20, 2026.The offer comprises two re-opened FGN bonds, a 22.60%… Read full article →
MTN and Airtel combined earned N98.22 billion from XtraTime airtime and data lending services in Q1 2026 (January to March), before both suspended the service in April following pressure from the Federal Competition and Consumer… Read full article →
Total FX inflows into Nigeria reached $112.27 billion in 2025, up from $99.44 billion in 2024 and $65.76 billion in 2023, according to the Financial Market Dealers Association (FMDA) full-year 2025 report.Autonomous sources remittances, portfolio… Read full article →
The Nigerian Communications Commission (NCC) acknowledged widespread consumer frustration over dropped calls, slow internet, and unstable data connections affecting work, education, and business across Nigeria.Telecom operators invested more than N2.13 trillion in network infrastructure in… Read full article →
Anthropic has launched Claude Platform on AWS, letting AWS customers access Claude's full API, including managed agents, code execution, web search, and batch processing, using their existing AWS login credentials and billing accounts.Unlike Claude models… Read full article →
BNB rose over 2% in the past week to trade near $679, pushing its market cap above $96 billion, recovering from April lows near $580.Market optimism is being driven by pending spot BNB ETF applications… Read full article →
PenCom has removed the requirement for Pension Fund Administrators (PFAs) to obtain prior written approval before publishing advertisements, replacing it with a mandatory pre-release notification to the regulator.The notification must include campaign duration, creative materials,… Read full article →
A single unidentified wallet spent $46.99 million buying 21,800 ETH since February 15, at an average price of $2,155 per coin, with the latest purchase of 1,500 ETH for $3.43 million made just hours before… Read full article →
IHS Towers reported capital spending of $41.4 million in Q1 2026, a 5.3% drop year-on-year, as the company delays or phases out non-essential expansion projects across African markets.The slowdown could mean slower 4G/5G rollout, weaker… Read full article →
NITDA has signed a Memorandum of Understanding (MoU) with the International Data Center Authority (IDCA) to launch a national digital infrastructure programme aimed at transforming Nigeria into a fully integrated digital economy.The centrepiece of the… Read full article →
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