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Nigeria Business News Digest: Markets, Money, and Meaning

Economic news with context. Scan the market, Naira movements, and business decisions, and understand their impact on everyday life.
Screens Go Silent: Subscriber Exodus Shrinks MultiChoice Nigeria Revenue by 44%
  • Featured
Nigeria Screens Go Silent: Subscriber Exodus Shrinks MultiChoice Nigeria Revenue by 44%
Nigeria News
1 min read
MultiChoice Nigeria has suffered a massive 44% plunge in subscription revenue, dropping from $355.9m in 2024 to $197.7m in 2025, as inflation and...
Big fish, Fewer Ponds: African Startups Secure $2.5bn in Funding Surge
Nigeria Big fish, Fewer Ponds: African Startups Secure $2.5bn in Funding Surge
Nigerian Bulletin
1 min read
When startups grow, they usually multiply. But across Africa, the opposite seems true – fewer deals, yet significantly more money. According to...
FG x Meta: New AI Programme Targets Nigeria’s Smartest Startups
Nigeria FG x Meta: New AI Programme Targets Nigeria’s Smartest Startups
Nigeria News
1 min read
The federal government and Meta have launched the Llama Impact Accelerator, an eight-month AI programme targeting Nigerian startups. The...
More Naira, Less Mileage: Nigerians Brace as Petrol, Diesel Costs Climb
Nigeria More Naira, Less Mileage: Nigerians Brace as Petrol, Diesel Costs Climb
Nigeria News
1 min read
Fuel prices in Nigeria may rise again as four depots increase diesel and petrol prices amid crude oil hitting $67.50 per barrel. Depot rates now...
Today’s Naira Rate [11-06-2025]: Naira Appreciation Continues, Black Market Stable at ₦1,610/$1
Nigeria Today’s Naira Rate [11-06-2025]: Naira Appreciation Continues, Black Market Stable at ₦1,610/$1
Nigeria News
1 min read
The Naira appreciated to ₦1,540/$1 at the official market as improved FX liquidity boosts investor confidence. Gains were also recorded against...
Audit Failures, Missed Targets: FG to Forfeit $10m World Bank Credit
Nigeria Audit Failures, Missed Targets: FG to Forfeit $10m World Bank Credit
Nigeria News
1 min read
The federal government is set to forfeit $10 million from a World Bank loan due to subpar audits, delayed systems, and unfulfilled project...
Today’s Naira Rate [10-06-2025]: Naira Holds Steady Below N1,600/$: A Sign of Renewed Confidence?
Nigeria Today’s Naira Rate [10-06-2025]: Naira Holds Steady Below N1,600/$: A Sign of Renewed Confidence?
Nigeria News
1 min read
The Naira’s resilience below the N1,600/$ mark during the holidays has sparked cautious optimism among businesses and economists. While...
Dangote's Double Play: N450bn to FG, N900bn to Fix Nigeria's Broken Roads
Nigeria Dangote's Double Play: N450bn to FG, N900bn to Fix Nigeria's Broken Roads
Nigeria News
1 min read
Aliko Dangote told President Tinubu that his company paid N450 billion in taxes in 2024, the highest in Nigeria, more than all banks combined. He...
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