Business

Billionaire industrialist remains firm despite court injunctions, citing past victories across Africa and plans to democratize wealth creation. Africa’s richest man and President of Dangote Industries Limited, Aliko Dangote, has stated that his business group is fully prepared to confront...

…….Stakeholders at Imperial College London call for stronger support for MSMEs, investment-ready businesses and diaspora partnerships Nigeria’s future of work must focus not only on emerging technologies but also on businesses and sectors already creating jobs across the country.This was...

…….Strong institutional demand pushes Bank of Industry’s debut naira bond above its initial N250bn target The Bank of Industry (BOI) has raised N274.18 billion through its inaugural five-year fixed-rate naira-denominated bond due in 2031.The transaction represents the largest debt capital...

Investors can buy shares for as little as ₦5,250 as Dangote Refinery opens ownership to the publicDangote Petroleum Refinery and Petrochemicals FZE has commenced its Initial Public Offering (IPO), marking a major development for Nigeria’s capital market.The public offer...

Power Minister Joseph Tegbe pushes Chinese firms to move beyond construction contracts and co-invest in generation, transmission and industrial projects. The Federal Government has stepped up efforts to secure faster delivery of major electricity projects by seeking deeper investment commitments...

Nigeria's petrol market is facing a fresh contradiction: domestic refining capacity is expanding rapidly, yet imported petrol is taking a larger share of the market while pump prices continue to rise.Data cited by the Centre for the Promotion of...

Nigeria has received another positive signal from international investors after Moody’s Ratings changed the country’s sovereign outlook from stable to positive.The decision reflects stronger foreign exchange reserves, improved external balances and better-than-expected economic growth.But the development is not an...

Nigeria's fuel market is facing another potential price shock after fresh fighting between the United States and Iran pushed international crude prices above $90 a barrel and revived fears over global energy supplies.Brent crude, the international benchmark used to...

Dangote Petroleum Refinery is increasingly looking toward export markets for surplus refined products as rising petrol imports create uncertainty over the level of demand it can expect from the Nigerian market.The refinery said imported Premium Motor Spirit (PMS), commonly...

Dangote Petroleum Refinery's petrol pricing has entered another period of volatility, with the refinery making four adjustments in less than a month since returning to naira-denominated sales.The latest increase took effect on August 26, taking the refinery's Premium Motor...