Nigeria’s manufacturing upgrade tops China’s economic pact —Consul General
By Nkiruka Nnorom & Marvellous Chukwunenye The planned upgrade of Nigeria’s manufacturing sector is at the heart of a new economic partnership between Nigeria and China, the outgoing Consul General of China in Lagos, Ms Yan Yuqing, has said. Yuqing disclosed this at a reception marking the 77th anniversary of the founding of the People’s […]
DMO offers two savings bonds for September subscription
By Elizabeth Adegbesan The Federal Government through the Debt Management Office, DMO, has offered two savings bonds for September subscription. DMO made this announcement yesterday noting that the Savings bonds comprises a 2-Year FGN Savings Bond due Sept 16, 2028 at 14.12 percent per annum , and a 3-Year FGN Savings Bond due Sept 16, […]
NNPC disowns oil tanker found with 2,145kg of cannabis
By ObasEsiedesa, Abuja The Nigerian National Petroleum Company Limited (NNPCL) has disowned a truck bearing markings associated with the company after it was intercepted by the National Drug Law Enforcement Agency (NDLEA) with 2,145 kilogrammes of cannabis concealed in a compartment in Ondo State. NNPC Ltd, in a statement by its Chief Corporate Communications Officer, […]
Nigeria’s trade surplus jumps 67% to N12.59trn in Q2’26
By Yinka Kolawole Nigeria’s merchandise trade surplus surged by 66.8 per cent quarter-on-quarter to N12.59 trillion in the second quarter of 2026, from N7.55 trillion recorded in Q1, as a sharp rise in exports widened the gap between the country’s earnings from exports and its import bill. In its foreign trade statistics report released yesterday, […]
Foreign investors pull out N266bn from Nigeria in 3 yrs
Foreign Portfolio Investment (FPI) net capital outflow from the Nigerian equities market widened by more than 1,073 per cent in three years, rising from N22.68 billion in the first seven months of 2023 to N266.07 billion by July 2026, as foreign investors took more money out of the market than they brought in.
Dangote Refinery unveils N2.15trn IPO at N525 per share
Dangote Petroleum Refinery and Petrochemicals FZE on Monday unveiled a N2.15 trillion Initial Public Offer (IPO), offering Nigerians and other Africans an opportunity to acquire shares in the 700,000-barrel-per-day refinery. The offer comprises 4.1 billion ordinary shares at N525 per share, with a minimum subscription of 10 shares valued at N5,250. Chief Executive of the […]
