NigeriaWorkers in the Federal Capital Territory are increasingly frequenting 'Mama put' restaurants due to rising food costs. Conventional eateries have become less affordable.
NigeriaMTN Group's third-quarter earnings surpassed revenue by 22.9%, with growth primarily driven by operations in Nigeria and Ghana. The company reported significant expansion in these markets.
NigeriaThe Nigeria Deposit Insurance Corporation reported that debtors of failed banks are deliberately hindering loan recovery through asset concealment, legal delays, and intimidation. The agency cited these tactics as major obstacles to debt collection.
NigeriaNigeria is reportedly moving closer to implementing new regulations for the cryptocurrency market. This development follows the country's dethronement as Africa's largest crypto market.
NigeriaBillionaire businessman Tony Elumelu credited his mother's small restaurant with early lessons. These lessons shaped his business journey, he stated.
NigeriaDetails developing.
South African telecommunications company MTN reported a 17.2% increase in service revenue. This growth was driven by a recovery in its Nigerian operations.
Nigerian entrepreneur Biobele Oyibo won the Technology Award at the Empretec Women in Business Awards. The event was part of the 9th World Investment Forum in Doha, Qatar.
NigeriaThe dollar to naira exchange rate remains a key indicator for businesses and importers. Monitoring this rate is crucial for those involved in foreign exchange.
NigeriaThe Manufacturers Association of Nigeria encouraged manufacturers to implement AI and energy-efficient technologies. This aims to reduce production costs, bolster energy security, and enhance industrial competitiveness.
Frequent power outages and rising costs are hindering manufacturing growth in Nigeria, according to the NESG. Businesses face challenges sustaining operations due to infrastructure issues.
LagosThe Bank of Industry is urging increased investment in industrial clusters for Lagos. Such investment aims to boost productivity and attract private capital.
NigeriaConcerns are mounting over Nigeria's mounting debt burden. The federal government is reportedly operating on borrowed funds.
The Federal Government is seeking a $500 million loan from the World Bank. This loan is intended for establishing an infrastructure financing platform.
NigeriaFood warehouses are now splitting wholesale bags to accommodate retailers facing inflation. Half-bag orders constitute a significant portion of daily turnover as businesses adapt.
The Nigerian stock market is projected to surpass N200 trillion in market capitalization by December 2026. Investor returns are expected to exceed 57%, driven by election fever and the Dangote Refinery.
NigeriaHolders of MTN Nigeria Communications have seen an 87% increase in value. This rise has drawn investor attention.
NigeriaThe naira gained 6.26% against the US dollar in the year leading up to November 2026. Foreign reserves remained above $55 billion during this period.
NigeriaNigeria has established new licensing regulations for cryptocurrencies. The country has also banned the use of algorithmic stablecoins.
NigeriaThe Nigeria Customs Service processed 99,839 Single Goods Declarations and 9,195 Pre-Arrival Assessment Reports between September and October 2026. This generated approximately ₦1.42 trillion in revenue.
NigeriaThe Nigeria Customs Service processed 9,195 Pre-Arrival Assessment Reports and 99,839 Single Goods Declarations. This reflects sustained efforts to bolster revenue collection between September and October.
The Makinde-Daura Presidential Campaign Organisation accused President Bola Tinubu of taking credit for the Naira's recovery. They stated he presided over its depreciation through poorly managed economic reforms.
With the end of the year approaching, advice is offered for making better financial decisions in 2027. The start of the new year presents opportunities for financial progress.
NigeriaThe Nigeria Labour Congress has accused the Federal Government of ignoring the minimum wage review timetable. They insist negotiations should begin now.
NigeriaThe initial public offering for the Dangote refinery business did not achieve its goal of attracting 10 million investors. The offer did, however, see participation from millions of investors.
NigeriaStakeholders across various sectors are urging the government to prioritize people's welfare in economic reforms. They insist that growth should not come at the expense of workers' rights and social protection.
NigeriaHigh shop rental costs in Abuja are compelling small business owners to transition to online sales. This move aims to reduce operational expenses and maintain business continuity.
The Middle East's largest Arab economy announced it has provided $145 billion in global aid. India, Egypt, Nigeria, and Yemen were listed as recipients.
NigeriaThe Benin Electricity Distribution Company (BEDC) Plc announced salary increases for all staff. The change is effective December 1 following an agreement with labor unions.
NigeriaNigeria's Dangote Group is exploring investment opportunities in Egypt. The group is assessing potential ventures within the country.
