Ifeanyi Okoye emerges 12th President of MAN
By Yinka Kolawole The Manufacturers Association of Nigeria (MAN) has elected Dr. Ifeanyi Okoye, Chief Executive Officer of Juhel Nigeria Limited, as its 12th President . He succeeds Otunba Francis Meshioye, who completed his four-year tenure at the recently-concluded 54th Annual General Meeting of the association held on 7th October 2026 in Lagos. A statement by […]
Dangote Petroleum Refinery set for landmark IPO following SEC approval
… Proposed 4.1bn share offer could raise approximately ₦2.15trnBy Udeme Akpan The Securities and Exchange Commission (SEC) has approved the commencement of the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE, paving the way for what could become one of the largest capital market transactions in Nigeria’s history. The approval was conveyed […]
Nigeria’s reserves hit $54bn, highest in 18 years
Nigeria’s external reserves have risen to $54.08 billion, reaching their highest level in nearly 18 years and moving further above the Central Bank of Nigeria’s (CBN) projection for the end of 2026. Latest CBN data showed that the reserves reached $54.08 billion on September 3, compared with $53.99 billion on September 2 and $53.90 billion […]
Consumers pay N1.2trn for electricity in six months — NERC
By Obas Esiedesa, Abuja Electricity consumers across Nigeria paid about N1.2 trillion for power consumed in the first six months of 2026, according to data released by the Nigerian Electricity Regulatory Commission (NERC). The figure represents revenues collected by the 11 electricity Distribution Companies (DisCos), based on NERC’s monthly commercial performance reports between January and […]
Naira rises, now N1,405/$ in parallel market
The Naira yesterday appreciated to N1,405 per dollar from N1,410 in the parallel market on Wednesday. Likewise, the naira appreciated to N1,322.5 per dollar in the Nigerian Foreign Exchange Market, NFEM.
NNPC profit drops as revenue slips by 29.6% in July
The Nigerian National Petroleum Company Limited (NNPCL) recorded a sharp decline in profitability in July 2026, with profit after tax (PAT) falling to N279 billion from N535 billion in June, amid lower revenue and declines in crude oil and natural gas production. The latest figure represents a 47.9 per cent month-on-month drop in profit and […]
