Dangote refinery shifts Nigeria towards domestic value addition
By Udeme Akpan Nigeria’s petroleum industry is undergoing a shift from an export-driven crude oil model towards greater domestic processing following the operationalisation of the Dangote Petroleum Refinery in Lagos. For decades, Nigeria exported crude oil while importing refined petroleum products, including petrol, diesel and aviation fuel. The model generated foreign exchange from crude exports […]
Nigerian Breweries’ revenue up 9% to N804 bn
… restores retained earnings to positive By Peter Egwuatu Nigerian Breweries Plc, Nigeria’s foremost brewing company, has announced a strong performance for the first half of the 2026, recording a group revenue of N804 billion, representing a 9% increase over the N738 billion reported in the corresponding period of 2025. The company has also restored its […]
Truck owners seek refunds over cancelled E-Call-Up bookings
By Godwin Oritse The Association of Maritime Truck Owners (AMATO) has demanded an urgent review of the Electronic Call-Up (ETO) system following recurring cancellations of paid truck bookings, describing the practice as unfair and contrary to consumer protection laws. AMATO said truckers incur avoidable losses whenever bookings expire due to operational delays beyond their control, forcing […]
Economic activities expand second straight month despite industry contraction — CBN
By Elizabeth Adegbesan Economic activity in Nigeria expanded for the second consecutive month in July 2026 as the Central Bank of Nigeria (CBN) Purchasing Managers’ Index (PMI) rose to 51.1 points, although the industrial sector remained in contraction. The CBN disclosed this in its latest PMI report, stating that the composite PMI edged up from the […]
Stock market extends rally as investors position for earnings season
By Peter Egwuatu The Nigerian stock market has sustained its positive momentum on Week-on-Week, WoW, as renewed buying interest in blue-chip stocks outweighed widespread profit-taking across the broader market. The benchmark, Nigerian Exchange (NGX) All-Share Index, ASI, closed marginally higher by 0.1% at 245,573.60 points from 245,283.68 the previous week, arising from sustained institutional demand […]
EVs: Metropolitan Electric boss unveils six-point roadmap to drive Nigeria’s mass adoption
By Theodore Opara Nigeria must move beyond policy announcements and urgently implement a coordinated six-point roadmap to turn growing interest in electric vehicles (EVs) into mass adoption, Metropolitan Electric Limited has said. The company’s Chief Executive Officer, Olugbenga Obadina, made the call during his presentation at the 3rd Nigeria Auto Industry Summit, organised by the […]
