Ogochukwu Onwaeze, THEWILL

MTN Group has secured conditional approval from the Federal Competition and Consumer Protection Commission (FCCPC) for its proposed $6.2bn acquisition of IHS Holding Limited, moving the deal closer to completion. MTN disclosed the development in its half-year 2026 financial results released on Monday, saying the transaction remained a strategic priority for the second half of the year.

The National Institute of Credit Administration (NICA) has urged the Federal Government to inject ₦2 trillion into the National Credit Guarantee Company (NCGC) to expand access to credit for businesses and productive sectors of the economy.

Tax crimes and fraud accounted for more than half of the financial crime intelligence reports disseminated by the Nigerian Financial Intelligence Unit (NFIU) to law enforcement and regulatory authorities in 2025, while banks remained the dominant source of suspicious transaction reports.

The Dangote Petroleum Refinery has expanded its free petroleum products delivery initiative to Kano, Imo, Anambra and Nasarawa states, as it seeks to cut distribution costs for independent petroleum marketers and create room for lower petrol prices.

The Central Bank of Nigeria’s latest Open Market Operations (OMO) auction has pushed short-term fixed-income yields back into focus, with investors submitting N4.93 trillion in bids for securities worth just N600 billion.

Nigeria’s headline inflation rate eased further in July, falling to 15.43 percent from 15.91 percent in June, reinforcing the recent moderation in the pace of price increases. But beneath the headline improvement, the latest Consumer Price Index (CPI) report presents a more complicated picture for households and businesses.

Market closes lower: ASI fell 0.29 percent to 239,351.16, while market cap declined by ₦444bn to ₦154.533tn. Negative breadth: 26 stocks declined against 22 gainers, reflecting cautious investor sentiment. RT Briscoe leads gains: The stock rose 9.63 percent,...

Aliko Dangote has offered East African countries a combined 30 percent equity stake in his planned refinery in Lamu, Kenya. Kenya is considering a 10 percent stake worth about $500 million, while Ethiopia and Rwanda have also expressed...

The Nigerian Economic Summit Group projects Nigeria’s external reserves will rise to about $53bn by December 2026, supported by stronger oil production, favourable crude prices and improved foreign exchange inflows. NESG expects the economy to grow by 4.2...

Tony Elumelu’s Heirs Holdings stake in Seplat Energy has more than doubled in value to over $1bn, less than eight months after the investment was made. Heirs Holdings acquired a 20.07 percent stake in Seplat for about $500m...