Fitch revises Nigeria’s outlook to positive, affirms ‘B’ rating
Fitch has revised Nigeria’s Long-Term Issuer Default Ratings outlook from Stable to Positive, citing the success of the sustained economic reforms and rising foreign exchange reserves.
Dangote Cement grows exports by 71.6% as capacity hits 55MTA
By Mather Godwin Dangote Cement Plc has recorded a strong performance in the first quarter of 2026, growing its cement and clinker exports from Nigeria by 71.6 per cent, as the Group’s total installed production capacity reached 55 million tonnes per annum (MTA) across Africa. During the period under review, the company completed 10 clinker shipments […]
FG moves to settle contractors’ Debts, assures transparent process
By Emma Ujah, Abuja Bureau Chief The Federal Government has initiated moves to settle outstanding obligations owed to local contractors, assuring that the process will be handled in a fair, transparent, and structured manner to rebuild confidence and support ongoing economic reforms. Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, gave the […]
₦5m, ₦10m Zero-interest Loans: SheVentures opens applications for women entrepreneurs
First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth. The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to […]
Jim Ovia steps down as Zenith Bank chairman
Zenith Bank has confirmed the retirement of its founder and group chairman, Jim Ovia, following the completion of his tenure in line with regulatory requirements.
Dangote never requested funding from Elumelu, Adenuga, myself for refinery – Otedola
“Reports claiming that Femi Otedola funded the Dangote Petroleum Refinery are completely and utterly false. He has not invested a single kobo,” he said.
