Dangote: N525 refinery shares can hit N10,000
"Investors who want to buy N50,000 worth, or some buying N100,000 worth, and so on, they are the ones who will be given priority allocations”
Nigeria on course for $1tn economy by 2030 — Finance Ministry
By Innocent Anaba The Federal Ministry of Finance said yesterday that Nigeria’s economy continues to demonstrate resilience and accelerating growth with the second quarter of 2026 real Gross Domestic Product (GDP) expanding by 4.43 percent year-on-year, up from 4.23 per cent in Q2 2025 and 3.89 percent in Q1 2026. The Ministry in a statement, […]
Fresh petrol price hike looms as depot rates hit N1,290
By Udeme Akpan, Energy Editor Nigerians may soon pay more for Premium Motor Spirit (PMS), also known as petrol, as depot prices across major petroleum hubs have climbed sharply to as high as N1,290 per litre, amid a renewed surge in international crude oil prices. The development threatens to worsen the financial burden on households and […]
Soil degradation threatens 95% of world food supply
By Kafayat Kokumo The Food and Agriculture Organisation of the United Nations (FAO) has warned that worsening soil degradation threatens food production globally, as proven measures to protect and restore soils remain underused. The warning was contained in FAO’s ‘Status of the World’s Soil Resources 2026’ report, launched at the 17th Conference of the Parties […]
NSIA saves Nigeria $200m in medical tourism
By Emma Ujah, Abuja Bureau Chief The Nigeria Sovereign Investment Authority (NSIA) said yesterday that its investments in healthcare have saved Nigeria about $200 million in foreign exchange outflows associated with medical tourism. NSIA Managing Director, Aminu Umar-Sadiq, said the intervention was driven by the need to address medical tourism through the establishment of NSIA […]
Banks’ borrowing drops 89% to N126bn
Banks’ borrowing from the Central Bank of Nigeria’s (CBN) Standing Lending Facility, SLF, declined by 89 percent to N126 billion in August 2026 from N1.19 trillion in July 2026, reflecting higher liquidity in the banking system. The CBN has two short term lending windows for banks: the Standing Lending Facility (SLF) and Repo […]
