Skip to content
Nigeria’s pension fund assets hits N29.52trn — PenCom
National Pension Commission has disclosed that Nigeria’s pension fund assets increased by about N90 billion to N29.52 trillion as of February 2026, supported by gains in domestic equities and Federal Government securities despite tight liquidity conditions and ongoing portfolio rebalancing….
The Alternative Bank drives skills-based autism care, funding and education reform
Frank Okon Stakeholders at a policy dialogue convened by The Alternative Bank have called for a major shift in Nigeria’s approach to autism care, urging a move away from an exclusive focus on traditional academic learning toward vocational training, talent…
UK-Nigeria creative fund targets local production gaps in $3bn industry
Frank Okon The United Kingdom has launched a new Creative Fund aimed at strengthening Nigeria’s film, fashion and music industries by closing long-standing technical gaps that have limited local production capacity and forced parts of the sector to rely on…
Nigeria firms get $83m IFC-Norfund funding for off-grid power development
500,000 households to be connected, 2.9m people to be served Ziggy Ojiegbe A new financing push led by the International Finance Corporation and Norway’s Norfund is set to expand electricity access to millions of Nigerians living beyond the reach of…
Africa’s $4 trn domestic capital still unlinked to development financing
Institutional funds can unlock development projects __AFC Africa’s domestic capital base has grown to a level that now surpasses external financing flows over the past decade, but much of this wealth remains locked in institutional funds and is yet to…
FG to stake $75m in Flutterwave as company lists in Nigerian bourse
Ziggy Ojiegbe Nigeria is taking a more direct role in shaping the future of its tech sector, with President Bola Tinubu approving a $75 million investment in Flutterwave ahead of the company’s planned listing on the Nigerian Exchange. The funding,…
Airlines to engage govt on Wednesday to decide possible shutdown
Frank Okon Nigeria’s aviation sector has stepped back from the brink of disruption, but only temporarily. A threatened shutdown by domestic airlines has been put on hold pending high-level talks in Abuja on April 22. The outcome of that meeting…
Iran slips 3 oil cargoes through Strait of Hormuz as tensions ease
Ziggy Ojiegbe Three Iranian oil tankers carrying roughly five million barrels of crude have successfully exited the Gulf, marking the first such movement since Washington imposed a blockade on Iran’s oil exports earlier this week. The development raises fresh questions…
BADEA, DBN strike €40m credit deal to expand SME financing in Nigeria
Sopuruchi Onwuka The Arab Bank for Economic Development in Africa has signed a €40 million line of credit agreement with the Development Bank of Nigeria to expand access to long-term financing for small businesses across Nigeria. The agreement was formalized…
Africa caught in debt squeeze as global crises push borrowing costs to record heights
Frank Okon African nations are among the hardest hit by high borrowing costs imposed by a series of global crises, including widespread pandemics, armed conflicts, and economic shocks. The COVID-19 pandemic, the Russia–Ukraine war, and rising instability in the Middle…
