Business
Lagos to Host Africa’s First E1 Electric Powerboat Grand Prix
Lagos will host the E1 Grand Prix, the world’s first electric powerboat championship, from October 3 to 5, 2025, in what is expected to be a landmark sporting,…
Business
Business
Nigeria Earns $2.21bn from US Crude Exports in Seven Months
Nigeria earned $2.21bn from crude oil exports to the United States in the first seven months of 2025, according to data released by the US Census Bureau and…
Business
Dangote Refinery Reaffirms Position on DAPPMAN Dispute
Dangote Petroleum Refinery has reaffirmed its stance regarding its September 15 publication addressing the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), insisting that it stands by…
Business
Nigeria Faces Tough Path to $1 Trillion Economy by 2030
Nigeria will need an aggressive economic expansion drive to meet President Bola Tinubu’s $1 trillion GDP target by 2030, according to a new report by Afrinvest West Africa.…
Business
Dangote Refinery Rejects N1.5trn Subsidy Demand from Marketers
Dangote Petroleum Refinery has revealed that the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) requested an annual subsidy of N1.505 trillion to enable its members to…
Business
Enugu Signs N100bn Deal to Revive Heneke Farm into Mega Agro-Industrial Hub
Enugu State has sealed a landmark N100 billion joint venture agreement with Songhai Sustainable Initiative in Nigeria and Tribu Limited to rehabilitate and transform the long-abandoned Heneke Integrated…
Business
Depots Slash Petrol Prices as Dangote Begins Direct Sales
Petrol depots across Nigeria have adjusted their pump prices following Dangote Refinery’s decision to begin direct distribution to marketers. On Monday, September 15, the refinery reduced its ex-depot…
Business
Ndume Warns Against Poisonous Narratives as Dangote Refinery Faces Clash With Oil Workers, Marketers
Amid growing tensions in Nigeria’s downstream petroleum sector, former Senate Leader, Senator Mohammed Ali Ndume, has urged caution in the dispute involving Dangote Refinery, oil workers, and petroleum…
Business
Tony Elumelu Mourns Staff Lost in Afriland Towers Fire, Cuts Short UN Trip to Honour Victims
Tony Elumelu, Chairman of Heirs Holdings and United Bank for Africa (UBA), has confirmed that employees of Heirs Holdings were among those who lost their lives in Tuesday’s…
Business
Banks Raise N2.5trn for Recapitalisation in First Half of 2025
Commercial banks seeking new capital under the Central Bank of Nigeria (CBN) recapitalisation directive collectively raised about N2.5 trillion in the first half of 2025. This was disclosed…