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 […]
FCT court dismisses suit against Parallex Bank
A Federal Capital Territory High Court has dismissed the suit filed by, FHT Mega Express Limited, the logistics firm, against Parallex Bank Limited over a N4.5 billion debt. The logistics firm had claimed N7.1billion against the Bank. In the suit, the Court upheld Parallex Bank’s preliminary objection that the case amounted to a gross abuse of […]
LCCI tasks FG on weak budget execution, delays in fund releases
By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has called for improved fiscal management even as it warned that weak budget execution and delay in release of funds remain critical challenges to the economy. President of LCCI, Engr. Leye Kupoluyi, who made the call yesterday, in Lagos, during a quarterly media conference on […]
Nigeria’s petrol marketers take advantage of momentary rise in oil prices
Nigerians may be facing fresh round of fuel pump price increases as global crude oil prices record momentary uptick on the back of escalation in US-Iran war. Yesterday, global crude oil prices jumped to a four-year high of $126.41 per barrel from $115 per barrel the previous day, the highest level since March 9, 2022, on concerns […]
Meta shares plummet near 10% after earnings, Google skyrockets
Meta shares tumbled nearly 10 percent at the opening Thursday on Wall Street, while Google-parent Alphabet surged more than six percent.
AFAN to FG: Create National Committee to curb farmer–herder clashes
By Udeme Akpan & Marther Godwin The President of the All-Farmers Association of Nigeria (AFAN), Mohammed Magaji, has called on the Federal Government (FG) to establish a national committee to prevent conflicts affecting farmers, as insecurity continues to undermine agricultural productivity across the country. Magaji identified insecurity—particularly in the North-West and North-East—as a major factor […]
