In a bid to tighten money supply in response to the sharp increase in inflation in February, the Central Bank of Nigeria (CBN) Tuesday raised its Monetary Policy Rate (MPR) to 12 percent from 11 percent.

IHS Holding Limited (IHS), mobile telecommunications infrastructure services provider covering Africa, Europe and the Middle East, and Africa-focused tower infrastructure sharing firm Helios Towers Nigeria Limited (HTN), have announced an agreement according to which IHS will acquire HTN's portfolio of 1,211 diversified tower sites throughout Nigeria.

Moody's Investors Service has today placed Nigeria's Ba3 issuer ratings on review for downgrade.

Nigeria’s Securities and Exchange Commisision announced on February 18 the implementation of a committee in charge of advising authorities regarding the issuance of the nation’s first sovereign sukuk.