Category: Nigeria
Meta Faces $220M Fine in Nigeria, Threatens to Pull Facebook and Instagram
Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, is facing significant regulatory challenges in Nigeria. On April 25, 2025, Nigeria’s Federal Competition [more…]
inq. sets the stage for its Pan-African play
In a strategic move aimed at enhancing client experience, inq., a global leader in Edge solutions, has directed its efforts on better servicing clients through [more…]
Special Announcement: 26 June – Shared Value is Coming to Nigeria
We are excited to announce that today, Shared Value Africa launched Shared Value Nigeria, marking another significant milestone in our mission to bring about transformative [more…]
Emirates to Resume Nigeria Flights After Nearly Two-Year Hiatus
Dubai-based Emirates airline has announced the resumption of its flight schedules to Nigeria starting October 1, ending a suspension that lasted nearly two years. This [more…]
Nigeria’s Central Bank Raises Benchmark Rate to 26.25% Amid Soaring Inflation and Currency Volatility
By Samkele Mchunu In a decisive move to combat persistent inflation and stabilize a volatile currency, Nigeria’s central bank has raised its benchmark lending rate [more…]
Nigeria invites bids for 12 new oil blocks, promises fair process
Nigeria is inviting bids from international investors with financial and technical capacity for 12 onshore and deepwater oil blocks, its oil regulator said in a [more…]
Nigerian Gasoline Prices Soar as Shortages Worsen Cost of Living Crisis
By Samkele Mchunu Gasoline shortages persist in Nigeria’s major cities, exacerbating the country’s already dire cost-of-living crisis. Prices at retail outlets in Lagos and Abuja [more…]
Nigeria’s Central Bank Ends Distorted Foreign Exchange Rate, Receives Mixed Reactions
New Economic Measures Introduced by President Tinubu Spark Debate Among Nigerians In a significant move aimed at stabilizing Nigeria’s economy and attracting investors, the Central [more…]
Nigeria wants to borrow up to $2.25 billion from the World Bank.
Nigeria’s government released a statement after the IMF/World Bank spring meetings in Washington, D.C., stating that the country is requesting up to $2.25 billion in [more…]
Nigerians face rising food prices as the currency declines.
Due to a declining naira, inadequate domestic agricultural output, and an over reliance on pricey imported food, Nigerians are facing the greatest food inflation in [more…]