Ardova-led consortium agrees to acquire Powergas, one of Africa’s largest CNG producers, with plans to expand compression capacity and build 100 CNG refuelling sites across Nigeria.
Category: Business and Economy
Nigeria Urged to Stop Exporting Unprocessed Minerals and Build Local Value Chains!
Nigeria is being urged to stop exporting unprocessed minerals and develop local processing and manufacturing capacity to create jobs and retain more economic value.
Dangote, Ethiopia and Djibouti Plan $660m Petroleum Pipeline to Strengthen Fuel Supply!
Dangote Group, Ethiopia and Djibouti plan a $660 million refined petroleum pipeline linking Damerjog and Dewele to reduce fuel logistics costs and strengthen regional energy security.
Nigeria, US Sign Pact to Deepen Mining Investment and Develop $700bn Mineral Resources!
Nigeria and the United States have signed a framework to deepen mining cooperation, attract investment and develop Nigeria’s estimated $700bn mineral resources.
Crude Oil Imports Through Lagos Ports Fall 38.6% as September Shipments Trail August!
Crude oil imports recorded through Lagos ports fell 38.6 per cent in September 2026, but the figure is provisional and excludes Lekki Deep Sea Port.
Naira Strengthens to N1,375/$ in Parallel Market as Official Rate Falls to N1,328!
Nigeria’s naira strengthens to N1,375 per dollar in the parallel market and N1,328 at NFEM as the gap between the two markets narrows.
Tinubu Welcomes $12m Abuja Entrepreneurship Centre, Targets Stronger MSME Ecosystem!
President Bola Tinubu has welcomed the $12 million Abuja Centre for Entrepreneurship, a Korea-funded project designed to support Nigerian entrepreneurs, start-ups and MSMEs.
CBN Cuts Monetary Policy Rate to 23% in Major Interest Rate Reduction!
The Central Bank of Nigeria has cut the Monetary Policy Rate from 26.5% to 23%, signalling a major shift in monetary policy as inflation moderates.
Dangote Refinery IPO Targets 10 Million Shareholders as Public Offer Draws Massive Interest!
Dangote Refinery is targeting 10 million shareholders through its N2.15 trillion IPO, seeking to broaden public ownership and participation in Nigeria’s capital market.
Nigeria Urges Vietnam to Raise Bilateral Trade to $2 Billion as Economic Ties Deepen!
Nigeria urges Vietnam to increase bilateral trade to $2 billion as both countries strengthen economic cooperation, investment and business ties after 50 years of diplomatic relations.
Tinubu, Macron Reaffirm Nigeria-France Partnership During Paris Meeting!
President Bola Tinubu and French President Emmanuel Macron reaffirm Nigeria-France relations during a private dinner in Paris, pledging stronger bilateral cooperation.
Bankit Microfinance Bank Transitions to WayvePay, Targets New Era of Digital Banking in Nigeria!
Bankit Microfinance Bank has transitioned to WayvePay, introducing a new digital banking and payments identity focused on technology, security and financial services for Nigerians.
Wema Bank, ACAEBIN Demand Stronger Cybersecurity as AI Risks Grow in Nigerian Banking!
Wema Bank and ACAEBIN have called for stronger cybersecurity, AI governance and industry collaboration as Nigerian banks face emerging digital fraud and cyber risks.
Dangote Praises NGX Leadership as Nigeria’s Capital Market Expands Investor Access!
Aliko Dangote praises NGX Group leadership for transforming Nigeria’s capital market as the ₦2.15 trillion Dangote Refinery IPO expands investor access.
NLC Demands Wage Awards, Naira Crude Supply to Local Refineries as Petrol Prices Rise!
Nigeria Labour Congress demands wage awards, naira-based crude supply to local refineries and expanded petroleum storage as rising petrol prices increase pressure on Nigerian workers and households.