Nigeria

January's unexpected decline in inflation has intensified pressure on the Central Bank of Nigeria to pivot toward monetary easing, though economists caution that structural vulnerabilities could complicate the policy shift.

Security operatives arrest multiple suspects for kidnapping and vandalism while a Federal High Court hears testimony detailing the planning and execution of the 2022 Owo church terrorist attack that killed over 40 worshippers.

Emergency plenary session erupted in disorder as lawmakers clashed over controversial provisions including electronic vote transmission and election notice timelines, while police deployed teargas against protesters outside the National Assembly.

Nigeria's House of Representatives has launched a review of tax incentives and waivers amid annual revenue losses of N8 trillion, while the Nigeria Revenue Service sets Q2 2026 deadline for large firms to implement e-invoicing systems.

Guaranty Trust Bank launched a 2.95% airtime loan product while AfriGO partnered with PalmPay for in-app card requests, as financial institutions leverage mobile platforms to expand service accessibility across West Africa.

Federal Government plans to leverage 13,000 Primary Health Care Centers to deliver food support to vulnerable mothers and children, while experts emphasize the critical role of data systems in improving HIV response effectiveness.

A new survey reveals that despite a modest uptick in formalization, more than half of Nigerian businesses remain unregistered, exposing deep structural barriers that keep Africa's largest economy tethered to informality.

The Defence Headquarters has confirmed the arrival of US forces and equipment to support counter-insurgency operations, while security forces killed notorious bandit leader Kabiru amid coordinated regional security efforts.

Two major corporate legal disputes have emerged across African markets, with Nigerian property firm Familia Limited filing a N5 billion suit against Ardova Plc over prime Lagos real estate, while South African steel manufacturer Cape Gate moves to challenge a Competition Commission warrant.

Nigeria's House of Representatives has directed the Accountant-General and Auditor-General to produce four years of federal accounts while investigating N9.8 billion in GIFMIS payments, as South Africa's SIU welcomes arrests over an irregular R75 million water tanker tender.

PenCom's upward revision of equity exposure limits for retirement savings funds could release nearly N1 trillion in immediate liquidity into the Nigerian Exchange, while parallel reforms in tax administration and regional banking policy signal broader structural shifts across West Africa's largest economy.

Governments worldwide are intensifying tax pressure on high-net-worth individuals while African financial markets undergo structural shifts, with Nigerian pension funds rotating toward equities and South Africa's central bank mandating greater lending rate transparency.

Nigerian football awaits FIFA's ruling on a controversial eligibility case that could reshape their 2026 World Cup qualification hopes, while administrative failures plague African football competitions.

Equipment procurement disputes at a South African hospital and mounting costs for kidney transplants in Nigeria highlight persistent structural challenges facing public health systems across the continent.

The ride-hailing startup's Drive To Own program, supported by a $100 million UBA financing facility, aims to convert drivers from renters to owners while expanding its operational fleet.