Terrahaptix Inc., a Nigerian drone-making startup, will open its first factory abroad in Ghana, where it will build mid-range pilotless aircraft and defense systems in response to increasing Islamist-militant activity in West Africa.

Nigeria’s central bank will stay focused on driving down inflation even as the oil price shock caused by the Iran war pushed monthly prices to the highest in more than two decades in March.

Spillovers from the Iran war are sending more African governments to request financial assistance from the International Monetary Fund, as they’re facing rising inflationary and fiscal strains.

Benin’s newly elected government plans to seek a new International Monetary Fund program when it enters office in May, as it looks to sustain economic growth that’s made it an outlier among peers.

A group of developing countries urged the International Monetary Fund to adapt its policy advice and lending toolkit to mitigate the global economic risks mounting during the US-Israeli war against Iran.

The US allowed non-emergency workers and family members of employees at its embassy in Nigeria to leave, citing threats it deemed credible and a deteriorating security situation in the West African nation.

Nigeria has slashed the time it takes to approve applications to revive idle oil wells from weeks to hours as Africa’s top crude producer seeks to take advantage of high energy prices.

Suicide bombers staged deadly attacks on three crowded locations in the northeastern Nigerian city of Maiduguri, the first coordinated operation of its kind there in almost a decade.

Nigeria’s annual inflation rate eased marginally in February, giving consumers a small measure of temporary respite before fuel prices and transport costs began rising due to the Iran war.

Nigeria’s central bank has prepared contingency measures to stabilize the naira if it comes under pressure, as investors dump riskier emerging-market assets because of the crisis in the Middle East.

Nigeria halted the issuance of import licenses for gasoline, a major win for billionaire Aliko Dangote, who controls Africa’s largest refinery and has long called for the move.

Dangote Fertiliser Ltd., one of Africa’s biggest producers of crop nutrients, has seen a substantial increase in demand for its products as the US-Israel war on Iran disrupts supplies.

Nigeria brought the timetable for next year’s election forward and announced new rules that appeared to catch the opposition off guard.

Nigeria will hold next year’s presidential and National Assembly elections a month earlier than planned, after the electoral commission revised the polling schedule.

Nigeria extended a ban on shea nut exports by a year, reinforcing a drive to curb raw commodity shipments and boost local value addition.

Nigeria extended a ban on shea nut exports by a year, reinforcing a drive to curb raw commodity shipments and boost local value addition.

Nigeria’s President Bola Tinubu has named a new inspector-general of police who will lead efforts to stem rising violence by armed groups, underscoring persistent security challenges in the country despite US military support.

Nigeria’s central bank is set to resume easing with its largest interest-rate cut since 2020 on Tuesday, as a stronger naira, moderating inflation and rising foreign-exchange reserves give policymakers room to shore up economic growth.

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.