Nigeria’s banking sector dominated print media advertising in the first quarter of 2026, accounting for the largest share of expenditure with a total of ₦1.28 billion across 1,260 advert placements,…
MTNs $4.8 Billion Deal Propels Africa Outbound M&A to $6.7 Billion
MTN’s $4.8 billion acquisition of IHS Holding Ltd has become the cornerstone of Sub-Saharan Africa’s outbound mergers and acquisitions surge in the first quarter of 2026, driving the region’s total…
Dangote to Launch Pan-African IPO for $20 Billion Refinery on Multiple Stock Exchanges
Aliko Dangote is pushing forward with plans to list his flagship Dangote Petroleum Refinery and Petrochemicals on multiple African stock exchanges, marking what could be the continent’s first pan-African initial…
Nigerian Corporates Raise Over ₦1.58 Trillion via Capital Markets Amid High Lending Rates
Nigerian corporates are increasingly turning to the debt capital market to meet their funding needs as elevated bank lending rates continue to constrain access to traditional credit. Data from FMDQ…
Oando to Raise $750 Million to Fuel 300% Output Growth Target
Oando Plc is adapting to a changing financing landscape, as European banks have largely withdrawn from funding hydrocarbon projects due to climate policies. The company is now turning to regional…
NNPC Leverages AI Technology to Boost Production and Cut Costs in Oil Sector
The Nigerian National Petroleum Company (NNPC) is advancing its digital transformation with the rollout of artificial intelligence-driven systems designed to boost crude oil production and operational efficiency across its upstream…
NNPC Ships 950,000 Barrels of New Cawthorne Crude to Netherlands in Latest Export Move
Nigeria’s state oil company, Nigerian National Petroleum Company Limited (NNPC), has exported its first cargo of the newly introduced Cawthorne crude grade to the Netherlands, marking a significant step in…
Zenith Bank Finalizes Paramount Bank Kenya Acquisition, Strengthens East African Banking Presence
Zenith Bank Plc has completed its acquisition of Paramount Bank Kenya Limited, marking a major step in its strategic expansion into the East African financial market. The Nigerian lender confirmed…
Survival Over Expansion: How Soaring Costs Are Squeezing Nigeria’s Business Sector
Nigeria’s business environment is facing stricter conditions due to rising inflation, ongoing power supply issues, and tightening financing conditions, which are collectively eroding operating margins and slowing expansion across key…