Nigeria’s Food Inflation Climbs to 20.31% in July, Highest in 10 Months
Nigeria’s food inflation rate accelerated sharply in July 2026, rising to 20.31% year-on-year, as consumers faced renewed increases in the...
Month: August 2026
Nigeria’s Remittance Inflows Hit Record $1.29 Billion in Q1 2026
Nigeria recorded a sharp increase in inflows through International Money Transfer Operators (IMTOs) in the first quarter of 2026, with...
CBN’s OMO Reopening Could Shift Investor Funds From Stocks to High-Yield Securities
The reopening of the Central Bank of Nigeria’s Open Market Operations (OMO) securities to individual and corporate investors could intensify...
The Evolution of Motor Insurance: Electric Vehicles (EVs) and Usage-Based Models
Buying motor insurance in Nigeria has traditionally followed a linear process. After someone buys a car, they contact an insurer,...
AFC Takes Equity Stake in Dangote Refinery After Repayment of $300m Loan
The Africa Finance Corporation (AFC) has deepened its financial relationship with Dangote Petroleum Refinery after leading a group of strategic...
Dangote Industries Partners CNN to Spotlight Africa’s Global Business Rise
Dangote Industries Limited has entered into a multi-year partnership with CNN International Commercial (CNNIC) to promote African businesses and highlight...
Coronation Insurance, Coronation Life Assurance Complete ₦9.2bn Recapitalisation
Companies meet NIIRA 2025 minimum capital requirements after oversubscribed private placement Coronation Insurance Plc and Coronation Life Assurance Limited have...
CBN Opens Fresh Sandbox Window for Crypto, Data-Driven Finance Innovations
The Central Bank of Nigeria has opened a new regulatory testing window for financial technology companies developing virtual asset products,...
Jumia Secures $50m to Expand E-commerce, Logistics and Digital Payments Across Africa
Jumia Technologies has raised $50 million in fresh equity capital as the pan-African e-commerce company moves to strengthen its logistics...
