Dangote Refinery Switches to Lighter Crude as Cracker Downtime Slows Ramp-Up
The Dangote Petroleum Refinery has switched to processing lighter crude oil as it works to limit production disruptions caused by…
Year: 2026
European Markets Dip Amid Davos Tensions; Ericsson Shares Surge 11% After Q4 Beat
European markets slipped slightly on Friday, with the pan-European Stoxx 600 down 0.14% by mid-morning in London. Investors reacted to…
Nigeria Economic Growth 2026 Boosts Sub-Saharan Africa Outlook, Says IMF
The International Monetary Fund (IMF) has praised Nigeria’s ongoing economic stabilisation efforts, noting that they are starting to produce tangible…
Nigeria Launches “Back to the Farm” Initiative to Combat Food Insecurity
The Nigerian government has unveiled a bold new macro-strategy to tackle persistent food insecurity across the country. Vice President Kashim…
Tony Elumelu Joins Seplat Energy Board Following $496 Million Stake Acquisition
Seplat Energy Plc has announced the appointment of prominent Nigerian entrepreneur and philanthropist Tony Elumelu as a Non-Executive Director on…
Shell’s $5 Billion Bonga Southwest Project Gets Presidential Approval to Boost Jobs and Investment
President Bola Tinubu has given the green light for targeted incentives to finally unlock Shell’s long-delayed $5 billion Bonga South-West…
Nigeria’s Oil Industry in 2025: Investment, Reforms, and Rising Production
Nigeria’s oil and gas sector experienced a transformative 2025, marked by policy reforms, strategic acquisitions, and renewed investment. The year…
Jeff Bezos’ Blue Origin Launches TeraWave to Challenge Elon Musk’s Starlink
Billionaire Jeff Bezos’ space venture, Blue Origin, is stepping into the satellite internet race with the announcement of TeraWave, a…
Flutterwave Leverages Stablecoins to Revolutionize Africa’s Cross-Border Payments
Flutterwave, Africa’s leading payments infrastructure startup, is making a bold move into blockchain-powered payments by introducing stablecoin balances for its…
Nvidia CEO Jensen Huang Heads to China Amid AI Chip Sales Challenges
Nvidia CEO Jensen Huang is set to visit China in the coming days, just ahead of the mid-February Lunar New…
World Bank Backs $50 Million Solar Farming Expansion to Boost Nigeria’s Agriculture
The World Bank has approved $50 million to scale solar-powered agricultural solutions in Nigeria and five other African nations, aiming…
NGX Must End ‘Listing by Introduction’ to Boost Transparency and Investor Confidence
Nigeria’s capital market is at a crossroads as investors and experts increasingly question the practice of listing companies by introduction…
Nigeria’s Economy Shows Strong Recovery, Says Oduwole at World Economic Forum
Nigeria’s economy is showing clear signs of recovery, driven by strategic reforms and increased investor confidence, the Minister of Industry,…
CBN MPC Divided on November Rate Cut as Inflation Shows Signs of Easing
Members of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) were sharply divided at their November 2025 meeting…
NGX Records N11.92 Trillion in Trades as Domestic and Foreign Investments Hit 19-Year High
The Nigerian Exchange (NGX) witnessed a historic surge in stock trading in 2025, with domestic and foreign portfolio investments hitting…
LIRS Urges Lagos Employers to Meet January 31 Tax Filing Deadline to Avoid Penalties
The Lagos State Internal Revenue Service (LIRS) has issued a stern reminder to all employers in Lagos to comply with…
CBN’s Tight Monetary Policy Cuts Inflation by 10 Points, Governor Cardoso Confirms
Nigeria’s sustained monetary tightening has played a key role in reducing inflation, with the Central Bank of Nigeria (CBN) confirming…
Trump Sues JPMorgan for $5 Billion Over Alleged Political “Debanking”
Former U.S. President Donald Trump has taken legal action against the nation’s largest bank, JPMorgan Chase, filing a $5 billion…
Tinubu Approves Commercial Oil Drilling in Ogun, Revives Olokola Deep Seaport
President Bola Ahmed Tinubu has approved the commencement of commercial oil drilling at Tongeji Island in Ipokia Local Government Area…
Domestic and Foreign Investors Push Nigeria’s Equity Market Trades to N11.92tn in 2025
Nigeria’s equity market closed 2025 on a historic note, with total transactions soaring to N11.92 trillion, driven by strong participation…
Nigeria Economic Outlook 2026: Report Projects Reform-Led Growth and Rising Investor Confidence
Nigeria’s economy is entering a phase of reform-driven stability that could strengthen growth and attract fresh investment, according to the…
LivingTrust Mortgage Bank Reports N1.01bn Profit in 2025, Driven by Strong Earnings Growth
LivingTrust Mortgage Bank Plc has posted a profit after tax of N1.01 billion for the year ended December 31, 2025,…
Nigeria’s Insurance Assets Surge to N4.619 Trillion as Industry Shows Resilience
Nigeria’s insurance sector has reached a historic milestone, with total assets soaring to N4.619 trillion by the end of Q2…
Nigeria’s Cooking Gas Imports Drop to 13% as Domestic Production Rises
Nigeria is increasingly relying on local production for its cooking gas needs, with imports falling to just 13% of total…
Danish $1.2bn Investment Boosts Nigerian Ports and Maritime Sector
Nigerian ports are set to receive a major boost following a $1.2 billion investment from Denmark, announced by the Ambassador…
Sugar Tax Could Threaten Nigeria’s Manufacturing Sector, Warns CPPE
The Centre for the Promotion of Private Enterprises (CPPE) has raised concerns that the proposed sugar tax on sugar-sweetened non-alcoholic…
PETROAN Urges Clear Timeline for Nigeria’s Refineries After $4 Billion Spent
Oil marketers under the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have called on the Federal Government and…
Fuel Taxes Push KRA Revenue Past Target in December 2025
Kenya Revenue Authority (KRA) closed December 2025 on a high note, exceeding its monthly revenue target, thanks largely to a…
Nedbank Eyes 66% Stake in NCBA to Expand Its East Africa Presence
South Africa’s Nedbank Group, one of Africa’s largest banks, is set to expand its footprint beyond Southern Africa with a…
Ghana Chamber of Mines Urges Review of Mining Fiscal Plan to Boost Investment
The Ghana Chamber of Mines has urged the government to rethink its proposed mining fiscal framework, emphasizing the need to…