Private equity firms in Nigeria are slowing dealmaking, with some freezing investment as they lobby the government to soften the impact of its tripling of a capital-gains tax, people familiar with the situation said.

Nigeria’s government, in a move to bolster public finances, ordered the state-owned oil company to share more of the oil and gas production proceeds it’s been retaining.

Nigeria’s government, in a move to bolster public finances, ordered the state-owned oil company to share more of the oil and gas production proceeds it’s been retaining.

Nigeria confirmed US military personnel have arrived as militant violence worsens, even as both countries deepen their cooperation.

Nigerian inflation unexpectedly slowed in January, providing room for policymakers to resume their rate-cutting cycle next week.

A Nigerian startup building autonomous security systems to protect critical infrastructure on the continent raised an additional $22 million in a new capital round that was led by venture firm Lux Capital and the chief executive officer of Lagos-based unicorn Flutterwave.

Nigeria’s security crisis is moving southward toward the country’s commercial capital, with jihadists and armed gangs threatening parts of the West African nation as yet largely untouched by decades of roiling violence.

Nigerian protesters marched to the National Assembly on Monday to voice their anger at legislators approving changes to electoral laws, while omitting a key reform demanded by the opposition.

Unidentified gunmen killed dozens of people in an attack in central Nigeria, underscoring the worsening security crisis facing Africa’s most-populous nation, despite a recent deepening of military cooperation with the US.

Nigeria will charge several officers over an alleged plot to overthrow President Bola Tinubu after the military acknowledged for the first time that 16 soldiers arrested in October were suspected of planning a coup.

Nigerian central bankers were split on whether to cut interest rates or keep them unchanged when they met in November, with Governor Olayemi Cardoso casting the tie-break vote to stay on hold.

Nigerian authorities disputed reports of mass abductions of Christians in the northern state of Kaduna, after reports that armed gangs seized hundreds of people from two churches on Sunday.

Nigerian Finance Minister Wale Edun said the nation can access international bond markets if it needs to, but would prefer to rely more on its own resources.

Armed bandits kidnapped more than 170 worshippers from two churches in Nigeria’s Kaduna state, the Daily Trust newspaper reported, citing witnesses.

Nigeria’s annual inflation rate fell in December after the statistics office revised its calculation method to avoid an artificial spike caused by last year’s rebasing.

Nigeria’s statistics agency said it will release two inflation readings for December after a methodological change led the rate to more than double.

Palantir Technologies Inc. co-founder Joe Lonsdale led investors betting on a little-known Nigerian defense startup that’s expanding drone manufacturing as violent extremism spreads across Africa.

Nigerian tycoon Tony Elumelu’s company agreed to acquire a 20% stake in the nation’s biggest oil explorer by value to expand his energy business.

Nigeria’s central bank is formalizing its shift toward an inflation-targeting framework that will aim to slow price growth to 13% by 2027.

Extremist groups competing for territory across West Africa could turn the region into a fluid insurgency corridor spanning roughly the distance from London to Rome and spark even more violence.