Nigeria’s economic managers have taken a step toward making fiscal and monetary policy work more closely together, with Finance Minister Taiwo Oyedele and Central Bank of Nigeria Governor Olayemi Cardoso signing a new Memorandum of Understanding on September 21, 2026. The Nigeria fiscal-monetary policy coordination MoU creates a formal framework for regular consultation, information sharing…
President Bola Tinubu is seeking deeper investment from France-based Bolloré Group as Nigeria tries to turn the global popularity of its entertainment industry into more local production, jobs and infrastructure. Tinubu met Bolloré Group chairman Vincent Bolloré and company executives in Paris on Friday, with discussions covering film, entertainment, fibre-optic infrastructure and the wider digital…
Nigeria has secured a major legal victory in the long-running dispute over the Mambilla Hydroelectric Power Project, after an International Chamber of Commerce arbitration tribunal in Paris rejected a $2.35 billion claim brought by Sunrise Power and Transmission Company. The ruling, issued on September 17, also rejected a separate $400 million claim linked to a…
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…
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,…
Nigeria has received a potential boost to investor confidence after S&P Dow Jones Indices placed the country on its 2027 Country Classification Watchlist for a possible upgrade to Frontier Market status, even as the naira continued to weaken in the parallel foreign exchange market. The watchlist designation signals that international index providers are closely monitoring…
