Nigeria’s Inflation Rate Drops to 24.48%
Nigeria’s headline inflation rate has sharply declined to 24.48%, a significant drop from last month’s 34.80%, following a rebasing exercise […]
Nigerian Government Regains Full Ownership of Keystone Bank
The Nigerian government has officially taken full control of Keystone Bank after a court ordered the former shareholders, Sigma Golf
P1 Ventures Closes $50M Fund
P1 Ventures, a pan-African venture capital firm, has successfully closed its first $50 million institutional fund, securing backing from African
Nigerian Banking Stocks Surge
Nigerian banking stocks have been on an upward trajectory since January 7, 2025, following capital-raising efforts by major lenders to
Airtel Nigeria Increases Data and Voice Tariffs by 50%
Airtel Nigeria, the country’s second-largest telecom operator, has raised its internet and voice tariffs by 50%, following a similar move
Madica Invests $800,000 in Four African Startups
Madica, an Africa-focused early-stage investment firm, has announced $800,000 in pre-seed funding for four African startups. Each startup will receive
MTN Nigeria’s 50% Tariff Adjustment Sparks Backlash
MTN Nigeria’s recently implemented 50% tariff adjustment has drawn criticism from subscribers who noticed that some internet plans experienced price
Trump’s Executive Order to Shut Down USAID Disrupts Aid
President Trump’s executive order to terminate USAID has abruptly cut off essential aid to vulnerable populations worldwide and halted a
Meta’s Latest Layoffs Hit Nigeria and Other African Offices
Meta’s recent round of job cuts, which affected 3,600 employees globally, has also impacted its workforce in Nigeria and other