BUSINESS
YOUR BUILDING JUST GOT MORE EXPENSIVE
A bag of cement cost N9,000 in December. It now costs N13,000. That increase will reach you even if you aren’t building anything. The price of a 50kg bag of cement has hit N13,000 in parts of Nigeria following fresh price adjustments by Dangote Cement and BUA…
THE PLANE TURNED AROUND
Nigeria’s Lagos-London Air Peace flight turned back mid-air on Wednesday after Algerian airspace authorities blocked the route over a permit dispute. The issue was resolved. The flight departed that evening. Air Peace confirmed that its scheduled Lagos-London Gatwick…
THE WARNING THAT WILL SURPRISE NO ONE
The Federal Government warned MTN, Airtel, and Glo this week to fix persistent network problems or face regulatory sanctions. The networks have been bad for years. The warning has been issued before. The Communications Minister cited government reforms as evidence of…
WHAT MTN IS ACTUALLY WORTH TO SOUTH AFRICA
If Nigeria ever decides to use its economic leverage against South Africa, these are the numbers it would be working with. The Senate President knew them. That’s why he moved so fast. When Oshiomhole said revoke MTN’s licence, he wasn’t making a symbolic gesture. He…
THREE NEW REFINERIES
Nigeria’s next attempt to stop exporting its own wealth. Afreximbank announced this week that it is financing three new Nigerian refineries. The timing is striking. The same week the global arrangement that has defended crude oil prices for decades began to…
THE ANNOUNCEMENT AND THE SILENCE
Tuesday 21 April, 2026 The Nigerian government said it was buying a $75 million stake in Flutterwave. Then the tweet disappeared. Then Flutterwave said it had never heard of the deal. This is a story about how Nigeria governs its own ambitions. On Monday, a Special…
GUINNESS IS PAYING AGAIN
Friday 17 April, 2026 For the first time in nearly four years, Guinness Nigeria is giving shareholders their money back. In 2023, the naira devaluation hit Guinness Nigeria the way it hit every company carrying foreign currency debt. Finance costs rose by 2,501% in a…
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