Nigeria’s financial exclusion rate has fallen to 21% in 2026, marking a significant improvement in access to formal financial services. However, the latest EFInA report shows that the progress has not reached Nigerians equally. The biggest gap is now concentrated among the country’s poorest households, raising a bigger question about whether having access to financial…
Apple is expanding its services business in Nigeria by bringing Apple TV and Apple Arcade to the country through its iCloud+ plans. Starting this month, Nigerian users with a paid iCloud+ subscription will get access to Apple TV and Apple Arcade at no additional cost. The cheapest iCloud+ plan starts at ₦1,300 per month for…
The surge in global oil prices is creating a new fuel-price problem for Nigeria as Brent crude oil moves above $100 per barrel, putting fresh pressure on petrol and diesel prices. Analysts and petroleum marketers have warned that petrol could move towards ₦1,500 per litre, while diesel could cross ₦2,000 in some markets if international…
The Dangote Refinery IPO demand has surged beyond expectations since the public offer opened, creating a rush among Nigerian retail investors and putting pressure on the country’s digital investment infrastructure. The ₦2.15 trillion offer opened on September 14, with 4.1 billion shares available at ₦525 each. The minimum subscription is 10 shares, worth ₦5,250, making…
Nigeria has returned to a JPMorgan emerging markets bond index after an 11-year absence, giving the country’s local-currency government bonds renewed exposure to international investors. The development is more than a new line on a global investment benchmark. It marks a reversal of the conditions that pushed Nigeria out of JPMorgan’s earlier index in 2015…
The Dangote Refinery IPO 2026 has triggered an unusually strong rush from Nigerian retail investors, with heavy traffic overwhelming some investment platforms as people attempt to buy shares in Africa’s biggest public offering. The IPO opened on September 14, offering 4.1 billion shares at ₦525 each. Investors can subscribe for as few as 10 shares,…
The Dangote Refinery has reduced its total debt by about ₦798 billion in the first half of 2026, bringing its liabilities down to roughly ₦7.9 trillion. The reduction comes at a significant time, as the refinery has opened its historic ₦2.15 trillion Initial Public Offering to investors. According to the company’s IPO prospectus, total debt…
Nigeria’s healthcare market is becoming too large for investors to ignore, with Nigerians projected to spend about $34 billion on healthcare in 2026, according to recent industry reports. The rising spending is attracting greater interest in private hospitals, diagnostics, pharmaceuticals and other medical infrastructure. But the opportunity comes with a major weakness: Nigeria still imports…
Nigeria’s manufacturing sector recorded its strongest business performance of 2026 in August, according to the latest Business Confidence Monitor from the Nigerian Economic Summit Group (NESG). The improvement was part of a wider recovery in business activity. Nigeria’s Current Business Performance Index rose from 108.6 points in July to 112.7 points in August, its highest…
The Dangote Refinery IPO 2026 is targeting ordinary Nigerian investors, with the company offering shares at ₦525 each and a minimum subscription of 10 shares, worth ₦5,250. The ₦2.15 trillion offering involves 4.1 billion ordinary shares and is expected to become Africa’s largest IPO. The formal offer is scheduled to run from September 14 to…
