Cement manufacturers rake in N5.8tn revenue as prices surge Nigeria’s three leading cement manufacturers have recorded a combined revenue of N5.8 trillion in the first nine months of 2026, as

Enugu Air is preparing to enter the Nigeria–United Kingdom aviation market with a new Lagos–London Gatwick service scheduled to begin in December 2026, following regulatory approval for the international route.

The Economic Community of West African States (ECOWAS), the Federal Ministry of Foreign Affairs and the Kogi State Government have organised a sensitisation workshop to educate businesses on opportunities available

United Bank for Africa (UBA) is facing a fresh legal challenge involving a ₦7.4 billion claim, with its Group Managing Director, Oliver Alawuba, and other senior executives reportedly at risk

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will officially open its bidding portal for the 2026 oil and gas licensing round on November 20, as the Federal Government steps up

The Edo State Government has sealed nine companies, predominantly owned by Chinese nationals, over alleged unpaid tax liabilities amounting to ₦8.982 billion. The affected companies operate in Utesi Community, Ikpoba-Okha

Dangote Petroleum Refinery has reduced its petrol depot price to ₦1,290 per litre, emerging as the cheapest supplier among major depot operators reviewed in Lagos. The reduction, which represents an

The Nigeria Civil Aviation Authority (NCAA) has launched an investigation into reports of poor ventilation aboard an airline operating an Abuja-Calabar flight after a passenger said he began bleeding while

Abdul Samad Rabiu, chairman of BUA Group, says Nigeria’s foreign exchange reforms have made it easier for businesses to obtain dollars through the market, reducing their dependence on direct allocations

Nigerian businesses must look beyond conventional bank loans to secure the long-term funding, expertise and market connections needed to expand, Finance Minister Taiwo Oyedele has said. Oyedele made the call

Shoprite Nigeria is preparing to expand through smaller neighbourhood supermarkets as the retailer works to rebuild its business after financial difficulties forced it to suspend operations at several locations and

First HoldCo Plc has appointed Gwen Mwaba, a former managing director at the African Export-Import Bank (Afreximbank), as a non-executive director, bringing extensive experience in trade finance, corporate banking and

Adron Homes  has inaugurated new executives of the Adron Homes Property Owners and Residents Associations (AHPORA) for the Uptown and Downtown zones of Treasure Park & Gardens Phase 2 Extension,

Portsmouth, United Kingdom | October 2026 A Portsmouth-based entrepreneur, Abayomi Moses Sodiya, has graduated from the University of Suffolk with a Master of Science (MSc) in Public Health, earning a

Africa’s richest man, Aliko Dangote, has accepted an invitation to appear on Nigerian comedian Isbae U’s YouTube programme, Curiosity Made Me Ask, in a move that could bring the billionaire’s

Nigeria’s insurance companies are awaiting the release of about N300 billion held in escrow accounts as the Central Bank of Nigeria (CBN) begins due diligence to verify the funds following

The Lagos State Employment Trust Fund (LSETF) has partnered with global design platform Canva to train 5,000 businesses in digital marketing, branding and artificial intelligence (AI), in a programme aimed

Domestic airlines could lose up to N6.6 billion in potential revenue during a planned 25-day closure of Sam Mbakwe International Cargo Airport in Owerri, as runway rehabilitation threatens to disrupt

India is investigating a surge in soybean shipments declared as coming from Niger Republic after customs officials questioned whether some of the cargoes may have originated in Nigeria. The inquiry

The Nigeria Customs Service (NCS) has introduced a digital system for declaring imported baggage at the Seme Area Command, in a move aimed at speeding up passenger clearance and improving

European Union regulators are questioning cryptocurrency exchange Binance over its continued service to customers in the bloc despite an order requiring it to wind down its EU operations, the Financial

The proposed listing of the Nigerian National Petroleum Company Limited (NNPC Ltd.) on the stock market has no fixed date yet, with Group Chief Executive Officer Bayo Ojulari saying the

Aliko Dangote has responded to a Kenyan court challenge involving his proposed $16 billion refinery, recalling a previous legal battle in Senegal and insisting his group is prepared to defend its projects.

Saudi Arabia has cancelled some crude oil shipments to Europe after a drone attack damaged a major pipeline linking the kingdom’s eastern oil region to the Red Sea.

Vice President Kashim Shettima has returned from India after pushing for stronger Nigeria-India trade, renewed crude purchases and wider investment cooperation at the BRICS summit.

Aliko Dangote has questioned how Africa’s wealthy allocate their capital, arguing that investment in factories and productive businesses would have a greater economic impact than spending heavily on luxury assets.

Keystone Bank has been appointed a Receiving Agent for the Dangote Refinery public offer, allowing eligible investors to subscribe for shares through the bank’s approved channels.

Investors are preparing for continued market volatility as geopolitical tensions, oil prices and changing interest-rate expectations reshape the global outlook.

Rising crude oil and logistics costs are putting fresh pressure on petrol prices in Abuja and other Nigerian inland markets.

Saudi Arabia has temporarily shut down its strategic East-West oil pipeline after several drones launched from Iraqi territory targeted the facility, causing injuries and damage, authorities said.

The return of triple-digit oil prices is creating a new opportunity for Nigeria while raising questions about fuel costs, government revenue and economic stability.

The Nigeria Police Force National Cybercrime Centre has arrested 27-year-old Hafsat Abubakar following an investigation into a fabricated notice claiming OPay would shut down its services.

Canada’s planned retaliation against Trump’s tariffs is raising fears that the escalating US-Canada dispute could develop into a prolonged trade war.

UK retail sales growth slowed to a four-month low in August as the impact of an unusually warm summer on consumer spending began to fade.

A minimum investment of ₦5,250 could give Nigerians an opportunity to acquire shares in Dangote Refinery under the proposed IPO.

Nigeria’s external reserves have risen to $54.08 billion, exceeding the CBN’s 2026 projection and reaching the highest level since 2008.

Aliko Dangote says the IPO of his 650,000-barrel-per-day refinery will open within 10 to 12 days, with the company seeking about $5 billion.

Independent petroleum marketers are signalling possible further petrol price reductions as filling stations respond to lower supply costs and market competition.

The CEO and president of an American golf company have left their positions after backlash over an advert showing a woman being pushed to the ground.

NANTA has praised the NCAA’s enforcement against foreign airlines operating city sales outlets while renewing its opposition to dollar-only ticket sales in Nigeria.

Global ride-hailing company Uber has ended its 12-year operation in Nigeria, announcing that its services would be wound down from September 2, 2026.

Crude oil prices surged as renewed US-Iran attacks intensified concerns over the Strait of Hormuz and the security of Middle Eastern oil shipments.

Billionaire businessman Femi Otedola has raised his stake in First HoldCo Plc to 27.70 per cent after spending N273.59bn on a series of share purchases, bringing him closer to the 30 per cent threshold that triggers a mandatory takeover offer under Nigeria’s capital market rules.

PenCom says 200,505 out of 219,316 registered Personal Pension Plan accounts remained unfunded as of the first quarter of 2026.

LAGOS — Dangote Cement is considering buying its own ships after encountering difficulties securing vessels to transport cement from Nigeria to other West African countries. The company’s head of international

A group of major energy and investment companies is weighing a potential acquisition of Shell’s US chemicals operations in a transaction that could be worth up to $8 billion. ExxonMobil

Nigeria’s leading brewing companies are facing a fresh squeeze from higher tax expenses and escalating energy and logistics costs, increasing the possibility of further beer price increases. Nigerian Breweries, Guinness

Former Minister of Education Oby Ezekwesili has given the Bola Tinubu administration credit for making progress on macroeconomic stability, particularly through what she described as adherence to market principles in

Geregu Power Plc Chairman Abdulaziz Yari has attributed the company’s recent bond default to arrangements made under its former ownership and management, led by Femi Otedola and former Chief Executive

The removal of petrol subsidy saved Nigeria N15.8 trillion between June 2023 and December 2025, Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said. Oyedele disclosed