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MTN Agrees $6.2 Billion Deal to Buy IHS Holding

MTN IHS acquisition in a $6.2 billion all-cash deal would delist the tower operator and reshape Africa’s digital infrastructure landscape.

February 18, 2026

Business

Coleman Seeks N50 Billion in Commercial Paper For Expansion

Coleman commercial paper issuance of N50 billion will fund expansion and fibre optics growth as the Nigerian cable maker returns to debt markets.

February 18, 2026

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Business

Rabiu Nears Rare $10 Billion Wealth Mark in Nigeria

Abdul Samad Rabiu is closing in on the Nigerian $10 billion wealth mark as BUA Cement and BUA Foods rally amid strong earnings and a booming stock market.

January 12, 2026

Business

CardinalStone Securities Sets NGX Trading Record in 2025

CardinalStone Securities became the first Nigerian broker to exceed ₦2 trillion in annual NGX transactions, capitalising on a historic rally in the equity market.

January 12, 2026

Business

Afreximbank Backs Nigerian Trader’s Shift Into Gas Infrastructure

Afreximbank has provided $64 million in financing to support Levene Energy’s entry into Nigeria’s gas infrastructure through an Axxela-linked acquisition.

January 10, 2026

Business

CBN Sees Nigeria Petrol Prices Rising Toward ₦950 in 2026

Nigeria’s central bank says petrol prices could average about ₦950 per litre in 2026, reflecting oil price assumptions, exchange rate trends and refining capacity.

January 10, 2026

Business

Wale Tinubu Recalls Axxela Bet That Delivered Outsized Returns

Wale Tinubu recalls how a ₦1 million Axxela investment evolved into a $300 million-plus business, highlighting patience and long-term capital in Nigeria’s energy sector.

January 9, 2026

Business

Dangote’s Fortune Tops $30 Billion as 2026 Rally Begins

Aliko Dangote starts 2026 with a $410 million gain, lifting his net worth to $30.4 billion as cement shares extend a strong rally.

January 9, 2026

Business

Tinubu Hails NGX Crossing ₦100 Trillion as Investor Confidence Returns to Nigeria

KEY POINTS NGX market value has crossed ₦100 trillion, a historic first for Nigeria ...

January 9, 2026

Business

Togo, Niger, Benin Owe Nigeria $17.8 Million for Cross Border Power Supply

KEY POINTS Togo, Niger and Benin owe Nigeria a combined $17.8 million for electricity...

January 9, 2026

Business

Heirs Technologies Gains NRS Approval to Help Nigerian Firms Meet E Invoicing Rules

KEY POINTS Heirs Technologies is now accredited by the Nigeria Revenue Service as an...

January 8, 2026

Business

Standard Chartered Meets CBN N200bn Capital Rule Ahead of March 2026 Deadline

KEY POINTS Standard Chartered Bank Nigeria met the CBN N200bn capital requirement in November...

January 8, 2026

Business

SIFAX Sets Tech-Driven Push for 2026 Expansion

SIFAX Group is entering 2026 with a technology-led strategy focused on execution, efficiency and expanding its logistics and financial services footprint across West Africa.

January 8, 2026

Business

Dangote Refinery Warns of Steep Petrol Price Surge

Dangote Refinery says petrol prices could hit ₦1,400 per litre without domestic refining, warning that heavy import reliance leaves Nigeria exposed to sharp fuel cost swings.

January 8, 2026