Nigeria’s $5 billion financing arrangement with First Abu Dhabi Bank (FAB) is entering a new phase as the UAE-based lender considers syndicating part of its exposure to other banks. The …
CurrencyCurrency & ExchangeEconomy
Funso Doherty, the New Nigeria Democratic Congress (NDC) governorship candidate in Lagos State, has outlined plans to provide free education and maternal and child healthcare, build 150,000 housing units and …
- BusinessBusiness and EconomyBusiness and Investment
Seplat, Aradel Share Gains Add $430m to Billionaire’s Wealth
Samuel Dossou-Aworet, a Beninese billionaire and founder of Petrolin Group, saw the value of his investments in Seplat Energy and Aradel Holdings increase by $430 million in the third quarter …
- BusinessBusiness and EconomyBusiness Growth
Lower Interest Rates Could Boost Nigerian Businesses’ Profits and Tax Revenue
Nigeria’s recent interest rate reduction could eventually increase government tax revenue if lower borrowing costs encourage businesses to expand operations, improve profitability and generate higher taxable income. The Central Bank …
The Federal Government has declared Thursday, October 1, 2026, a public holiday to mark Nigeria’s 66th Independence Anniversary. The Minister of Interior, Olubunmi Tunji-Ojo, announced the declaration on behalf of …
The Emir of Kano, Muhammadu Sanusi II, has questioned the continued detention of former Kaduna State Governor, Nasir El-Rufai, saying the case has raised concerns about how Nigeria’s anti-corruption laws …
The Bank of Zambia has cut its Monetary Policy Rate by 250 basis points to 10.75 percent as inflation continues to ease, giving the central bank more room to support …
Nigeria’s largest listed companies recorded stronger profits and operating cash flow in the first half of 2026, although rising customer debts remain a working-capital concern. An analysis of the financial …
- BusinessMobile Telecommunications Network (MTN)Telecommunications
Mafab’s 5G Exit to MTN Raises Competition Concerns
Nearly five years after winning a major 5G spectrum licence, Mafab Communications is seeking to transfer key spectrum assets to MTN Nigeria, raising fresh concerns about competition in Nigeria’s telecommunications …
- Information & TechnologyInternationalTechnology
Moonshot AI Reviews Kimi Safety After Researchers Bypass Guardrails
Chinese AI developer Moonshot is conducting an internal review after researchers found that two of its Kimi models could be persuaded to bypass their safety restrictions and provide information related …