Business

Dangote effects another cut in petrol price

•As diesel prices rises across major depots By Udeme Akpan The Dangote Petroleum Refinery on Wednesday trimmed its ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, by ¦ 1 per litre, even as diesel prices climbed across several petroleum depots in Lagos, reflecting mixed trends in Nigeria’s downstream petroleum market. Meanwhile, the global […]
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Wema Bank eyes new frontiers after investor endorsement

Wema Bank Plc, is set to embark on its next phase of strategic growth and market expansion following the successful conclusion of its N50 billion private placement, which drew strong interest from institutional investors.

FG approves $1bn modernization project for Lagos ports

By Godwin Oritse The Federal Government has approved a one billion US dollar modernisation project for the Lagos ports, just as it commenced procurement process for the modernisation of other seaports outside Lagos. Minister of Marine and Blue Economy, Adegboyega Oyetola, disclosed    this yesterday, during the 2025 Chartered Institute of Logistics and Transport (CILT) Nigeria […]

Aliko Dangote plans to sell 10% stake in refinery on NGX

By Peter Egwuatu, with agency report Chairman of Dangote Petroleum Refinery, Aliko Dangote, has announced plans to sell between five and 10 percent of the refinery’s shares on the Nigerian Exchange (NGX) Limited within the next one year. Speaking in an interview with S&P Global, Dangote said the move would follow the same path taken by other […]

FCMB Group’s diversified business model and digital innovation drive sustainable growth and investment appeal

FCMB Group Plc’s “Facts Behind the Offer” presentation at Nigerian Exchange Group (NGX), on Monday, October 13, 2025, highlighted the strength of its diversified business ecosystem and its accelerating digital transformation, making a compelling case for investors eyeing sustainable growth and innovation in Nigeria’s financial sector. Ladi Balogun, FCMB Group Chief Executive Director, emphasised that […]

FG targets 540MW with power restoration at ALSCON

By Obas Esiedesa, Abuja The Minister of Power, Chief Adebayo Adelabu, has pledged to restore the power plant at the Aluminium Smelter Company of Nigeria (ALSCON), saying the facility could contribute up to 540 megawatts (MW) of electricity to the national grid. Adelabu who made the commitment during a working visit to the company in Ikot-Abasi, […]

Nigeria, Denmark sign MoU on digital transformation, innovation

By Peter Egwuatu The Federal Government, through the Ministry of Communications, Innovation and Digital Economy, has signed a Memorandum of Understanding (MoU) with Denmark to strengthen collaboration on digital transformation and innovation aimed at driving inclusive economic growth. The agreement was signed in Lagos during the NORDIC Nigeria Connect Conference themed “Forging Partnerships for Sustainable Impact.” […]

UBA inducts 700 young professionals under leadership scheme

By Esther Onyegbulam Africa’s Global Bank, United Bank for Africa (UBA) Plc, has inducted over 700 young professionals into its workforce under the Graduate Management Accelerated Programme (GMAP) — a flagship talent initiative designed to groom the next generation of African leaders. Since its launch three years ago, GMAP has produced more than 4,000 professionals across […]

Local content policy not stifling oil industry investments – Nwapa

By Udeme Akpan The pioneer Executive Secretary of the NCDMB, Dr. Ernest Nwapa has dismissed  speculations that the stringent implementation of local content policy was responsible for the absence of final investment decisions (FIDs) in the country’s oil and gas sector over a period of time.   In a presentation, titled, “Staying the Nigerian Content Course in […]

Nigeria’s net domestic credit drops by 12.8% to N98.97 trn

By Peter Egwuatu Nigeria’s Net Domestic Credit, NDC, has dropped by 12.8% Year on Year, YoY in August 2025 to N98.97 trillion, according to the Central Bank of Nigeria, CBN latest money and credit report. The NDC is the total value of Bank credit to both the private and public sectors and its decline, according to analysts […]

Guinness Nigeria excites Akwa Ibom consumers with Guinness Smooth launch

By Tunde Oso  Guinness Nigeria has unveiled the latest addition to its brand portfolio, Guinness Smooth,  at a vibrant launch event held in Uyo, Akwa Ibom State.  The occasion brought together consumers, vendors, entertainers, and notable personalities, including Guinness World Record holder in Radio Broadcasting, George Essien, popularly known as Mighty George. Guests enjoyed an unforgettable […]

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