Dangote Refinery IPO opens, brokers predict oversubscription
The N2.2 trillion Initial Public Offering (IPO) of Dangote Refinery and Petrochemicals Free Zone Enterprise officially opened for subscription on Monday, with stockbrokers expressing confidence that the offer will be…
Nigeria’s petrol import bill jumps 989% to ₦952bn
Nigeria’s petrol import bill surged by 989.4 per cent to N952.15 billion in the second quarter of 2026, according to the National Bureau of Statistics (NBS). The figure rose sharply…
Dangote Refinery IPO opens September 14
The Dangote Petroleum Refinery and Petrochemicals is set to launch its initial public offering (IPO) on September 14, 2026, subject to approval by the Securities and Exchange Commission (SEC). The…
Refinery IPO: Drivers, cooks, servants to own stakes, says Dangote
President and Chief Executive Officer of Dangote Industries Limited, Aliko Dangote, has said the planned Initial Public Offering (IPO) of Dangote Petroleum Refinery will give ordinary Nigerians an opportunity to…
Subsidy return could collapse 15 northern states in three months — Economist
A professor at Obafemi Awolowo University (OAU), Tunji Ogunyemi, has warned that restoring petrol subsidy could cause more than 15 states in northern Nigeria to collapse financially within three months.…
43 die during suspected petrol siphoning in Rivers
At least 43 people have died after inhaling toxic fumes during an alleged illegal fuel siphoning operation at Okari Jetty in Okrika Local Government Area of Rivers State. The incident…
NNPC profit falls 48% to ₦279bn as crude, gas sales decline
The Nigerian National Petroleum Company (NNPC) Limited recorded a 47.9 percent decline in profit after tax (PAT) to N279 billion in July 2026, down from N535 billion in June. According…
NIGCOMSAT satellites to track criminals, boost military communications
The upcoming NIGCOMSAT-2A and 2B satellites will help Nigeria strengthen its fight against insecurity by improving surveillance capabilities and providing secure communication channels for troops operating in remote areas, the…
Tinubu hails 4.43% GDP growth, promises better living conditions
President Bola Tinubu has welcomed the latest Gross Domestic Product (GDP) figures showing that Nigeria’s economy grew by 4.43 per cent in the second quarter of 2026, up from 4.23…
Moody’s upgrades Nigeria’s outlook to positive on stronger reserves, economic growth
Moody’s Ratings has revised Nigeria’s economic outlook from “stable” to “positive,” citing the country’s improved resilience to external shocks, rising foreign exchange reserves and stronger-than-expected economic growth. The ratings agency,…