Digital Payments Driving Growth in Nigeria’s $11.09bn Food Service – MSME A
Digital payment infrastructure is transforming Nigeria’s food service industry by improving transaction efficiency, expanding access to financial services and helping businesses operate more effectively, according to a new report by fintech company Moniepoint
Stock exchange filing reveals how Nigeria’s airtime credit disruption is redirecting investment to other African markets
A trading update filed on the Johannesburg Stock Exchange on 2 July shows Optasia, the AI-powered fintech that provides airtime and data credit infrastructure across African and Asian markets, posting revenue growth of between 50 and 60 per cent for the first half of 2026
Nigeria’s top airline tycoon calls for economic pressure on South Africa amid xenophobic unrest
The founder of the air carrier suggested that Nigerians boycott South African businesses and halt investments in South African-based companies in response to the movement currently targeting African migrants in South Africa
Nigeria’s fuel price battle deepens as marketers hint petrol could drop below $0.60/litre
The fresh developments emerged after a closed-door meeting between the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Minister of State for Petroleum Re, Heineken Lokpobiri, the Dangote Petroleum Refinery, and key downstream industry groups in Abuja
Trump administration puts Nigeria’s 2027 election under close watch as US weighs tougher ties
The message comes at a time when the United States is weighing stricter conditions on security cooperation with Nigeria while deepening commercial ties with one of its most important African partners
Nigeria’s $104 billion stock market rises again, but a drop in trading signals fading momentum
The NGX All-Share Index rose 0.07% to close at 218,256.59, keeping the market’s year-to-date return above 40%, one of the strongest performances globally in 2026
Nigeria’s stock market surges as industrial stocks power a strong rally
The NGX All-Share Index climbed 2.24% to close at 228,602.00 points, gaining 4,999.71 points in a single session. The move pushes the market’s return to 46.9% so far in 2026, underlining sustained investor appetite despite macroeconomic uncertainties
A handful of companies now control over 90% of Nigeria’s $114 billion stock market
This concentration shows a market where a relatively small number of companies shape overall performance, liquidity, and investor sentiment
Nigeria’s stock market adds about $2.6 billion in a day as banking shares fuel rally
Data from the Nigerian Exchange (NGX) showed investors traded 1.49 billion shares worth N68.39 billion ($50 million) across 94,675 deals, compared with Friday’s session. Trading volume rose 42%, while turnover and deals increased by 36% each
Why Turkey is betting on Nigeria’s mining sector despite security concerns
Both countries signed a Memorandum of Understanding (MoU) on solid mineral development during the Istanbul Natural Re in Turkey, which officials described as a strategic move to strengthen economic and energy ties between Africa’s largest economy and one of Europe’s fastest-growing industrial powers