Business

NIBSS said the publication would provide a platform for regulators, financial institutions, fintech companies and other stakeholders to share insights on developments affecting the payments industry. The journal is available free of charge through the NIBSS website.

Ten years after selling off towers to cut operating costs, MTN is buying back control of IHS Towers globally while selling a 30 percent stake in IHS Nigeria to local investors.

Between late 2024 and mid-2026, keeping money in a Nigerian bank account or sitting on the same stock portfolio stopped making financial sense.

The confirmation, contained in a market notice published on Thursday, August 27, formally clears the uncertainty that had surrounded Nigeria’s return to the Frontier Market universe after the transition was placed under further review in June.

The Nigeria Civil Aviation Authority (NCAA) has signed a Memorandum of Understanding with Firstway FZE and Global Software & Digital Solution (GSDS) to implement a Pre-Loading Advance Cargo Information (PLACI) system for air cargo in Nigeria.

The Nigerian Exchange Limited (NGX) closed higher on Thursday, reversing the previous session’s decline as the market’s benchmark index gained 0.20 percent.

The latest position is the highest recorded since January 12, 2009, when the country’s reserves stood at approximately $53.25 billion.

The warning follows the recent increase in the price of a 50kg bag of Dangote Cement to more than ₦15,000 in some locations, despite an ongoing investigation by the Federal Competition and Consumer Protection Commission (FCCPC) into pricing practices in the industry.

In a panel discussion on Africa’s infrastructure financing challenges, South African President Cyril Ramaphosa argued that the continent should not assume it needs foreign capital to fund major projects. Aliko Dangote offered a different perspective, arguing that the availability of money in African banks does not necessarily mean businesses can afford to use it.

President Bola Tinubu has urged NLNG to increase domestic gas utilisation and ensure Nigeria’s gas wealth translates into more affordable cooking gas. NLNG says 100 percent of its cooking gas production already goes to the Nigerian market and...