Nigeria
World Bank approves Nigeria strategy, $1.25bn financing package centred on private sector-led job creation
The World Bank has approved a new 2026-2032 partnership with Nigeria and a $1.25bn reform package to support private investment, job creation, energy, digital infrastructure and agriculture.
Sub-Saharan Africa's green transition could create up to 84.5mn jobs by 2050, report says
Africa's green transition is expected to be driven by decentralised, service-based industries such as clean cooking, off-grid solar, waste recycling and electric mobility.
Morocco converts ONHYM into joint-stock company to support $25bn Africa-Atlantic Gas Pipeline
ONHYM will have expanded financing powers as the state advances the $25bn Africa-Atlantic Gas Pipeline, a 6,900-km project expected to transport Nigerian natural gas to Morocco via 13 West African countries.
Nigeria shelves plans to create national airline
Nigeria's government is now prioritising support for private domestic carriers and plans to launch the country's first direct cargo service to China
Nigeria's Daya raises $2.4mn to expand stablecoin payment network across Africa
Daya's oversubscribed pre-seed funding highlights investor confidence in blockchain-based financial infrastructure as African businesses increasingly adopt digital dollar settlements.
Algeria, Nigeria offer biggest opportunities in Africa for low-cost methane emissions cuts, report finds
African oil & gas producers can achieve significant methane emissions cuts using existing tech, Carbon Limits says, noting infrastructure, regulation and gas commercialisation prospects will determine the economics of abatement.
Climate change fuelling conflict across Africa's Lake Chad Basin, warn Scandinavian institutes
As Lake Chad shrinks and resources dry up, the region has suffered repeated attacks by Boko Haram and ISWAP, forcing thousands to pay the insurgents' "tax" or flee their homes
Nigeria's SEC warns against unauthorised marketing of Dangote refinery IPO set for Q3
Nigeria's SEC says no application has been filed or approved related to the Dangote’s plan to eventually list a 5-10% stake in its $20bn, 650,000-bpd refinery
Nigeria tightens telecom ownership rules for major share transactions amid rising MTN, Airtel dominance
Nigeria now requires prior regulatory clearance for transactions involving 10% or more of a licensee's shares, as MTN and Airtel consolidate their dominance of Africa's largest telecom market.
AfDB becomes first external shareholder in West Africa's Bank for Investment and Development
The African Development Bank Group has become the first IDI to join the shareholder base of ECOWAS' EBID, committing a $30mn equity investment and a $70mn credit line.
World Bank, AfDB joint initiative Mission 300 connects 50mn people amid African electrification drive
Mission 300 has connected more than 50mn people to electricity across 40 African countries since its launch in 2024, marking a key milestone towards its target of reaching 300mn people by 2030.
World Bank cuts Sub-Saharan Africa growth forecast as energy shock bites
The World Bank warns that higher energy costs and weaker external demand stemming from the Middle East conflict are outweighing the benefits of structural reforms, stronger commodities prices
AFC commits $600mn to back $7bn Dangote fertiliser expansion in Nigeria and Ethiopia
Dangote Group aims to triple urea production capacity in Nigeria to 9mn tonnes per year and build a new 3mn-tonne plant in Ethiopia.
Nigerian Exchange seeks pan-African participation in Dangote Refinery IPO with up to $50bn valuation
The Nigerian Exchange Group (NGX Group) is positioning the planned initial public offering (IPO) of Dangote Refinery and Petrochemicals FZE as a pan-African investment opportunity
Ethiopia grants first foreign investment banking licence to Nigeria's United Capital
Nigeria's United Capital Plc (NGX: UCAP) is the first foreign institution to secure an investment banking licence in Ethiopia, a milestone in the country's capital market liberalisation programme.