Category: Business
NNPCL: Dangote announces date Nigerians can buy his $20bn refinery shares
Chairman of the Dangote Group, Aliko Dangote, has announced that Nigerians will have the opportunity to purchase shares in the $20 billion Dangote Refinery within…
FG defers 70% of 2025 capital budget to 2026
The Federal Government has said it will implement 30 per cent of the 2025 capital budget before the end of November, as part of measures…
Tinubu’s Executive Order: FG, states, LGs allocation may increase by N15tn
The federal, state, and local governments may receive additional revenue allocations of about N14.57tn following the recent Executive Order signed by President Bola Tinubu, directing…
Nigeria moving from costly foreign debt to private capital – Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that Nigeria was deliberately shifting from expensive external borrowing to a…
N501bn bond not enough to clear N6.6trn power debt — GenCos warn of blackout
The Chief Executive Officer of the Association of Power Generation Companies (GENCOs), Dr Joy Ogaji, has said the Federal Government’s N501 billion power sector bond…
28 ships laden with petroleum, other commodities set to arrive Lagos ports
No fewer than 28 ships laden with petroleum products, commodities and other goods are expected to arrive Apapa, Tin-Can Island and Lekki Deep Sea ports…
71% Nigerians find banking app support ineffective – Report
A new industry report has revealed that 71 per cent of Nigerians consider in-app support on banking applications ineffective, highlighting persistent usability challenges in the…
Naira could hit N1,100 to $1 in 2026, says Dangote
The Aliko Dangote, Chairman of the Dangote Group, has predicted a significant strengthening of the naira, saying the currency could reach N1,100 to a dollar…
Tinubu calls for fairer African financial system
President Bola Tinubu has called for a fairer global financial system, arguing that African countries face disproportionately high borrowing costs due to what he described…
NNPCL announces $4.26bn profit in 2025
Nigeria’s state-owned oil company, the Nigerian National Petroleum Company (NNPC), has reported an after-tax profit of $4.26 billion for 2025. In figures released on Wednesday,…

