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News
NESG faults financing, energy costs for industrial decline
18+ hour, 53+ min ago (420+ words) The Nigerian Economic Summit Group has raised concerns over the decline of Nigeria’s manufacturing sector, blaming high energy costs, import competition, inadequate financing and weak industrial coordination for the country’s poor productive capacity. The NESG, in a statement issued on…...
Nigeria hits 1.68mbpd, sustains OPEC quota for four months
16+ hour, 5+ min ago (503+ words) File: Crude oil illustration Nigeria’s crude oil and condensate production rose to 1,677,777 barrels per day in August 2026, representing a 0.4 per cent increase from the 1.67 million barrels per day recorded in July. The increase, though modest, marked another month of improved oil…...
Dangote refinery begins N2.15tn share offer today
19+ hour, 4+ min ago (634+ words) Dangote Petroleum Refinery & Petrochemicals FZE has announced the commencement of its Initial Public Offering, marking a milestone in Nigeria’s economic development and the evolution of Africa’s capital markets. The offer will be formally launched at a ceremony on the trading…...
The Dangote Refinery IPO
18+ hour, 31+ min ago (1278+ words) THE Dangote Petroleum Refinery and Petrochemicals initial public offering is a test of whether Nigeria can convert one of its most consequential industrial investments into a broader instrument of wealth creation. This will also show how deep its capital market…...
Dangote Refinery offer to boost FX earnings — CIS, ASHON
17+ hour, 52+ min ago (380+ words) The Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria have welcomed the initial public offering of Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise, describing it as a landmark development for Nigeria’s capital market. The…...
Port Harcourt to host NPBL Final 4
17+ hour, 30+ min ago (182+ words) Port Harcourt will host the 2026 Nigeria Premier Basketball League Final 4 from September 20–22 after a venue clash forced organisers to reschedule the season-ending tournament. The announcement was contained in a communiqué by the Nigeria Basketball Federation on Sunday, signed by men’s…...
NDLEA uncovers opioids in bread, arrests real estate agent
17+ hour, 22+ min ago (733+ words) Cargoes containing illicit drugs. CREDIT: NDLEA The National Drug Law Enforcement Agency has intercepted consignments of synthetic cannabis, opioids and other illicit drugs concealed in consolidated cargoes, music speakers and loaves of bread in operations across several states. The agency…...
States miss jobs, revenue from $700bn mineral wealth
18+ hour, 55+ min ago (1191+ words) Dele Alake, Minister for Solid Minerals Development Nigeria’s 36 states and the Federal Capital Territory are sitting on vast deposits of solid minerals estimated at more than $700bn, yet most states have done little to turn the resources within their territories into…...
Dangote petrol price rises by N185 in three weeks
18+ hour, 54+ min ago (1215+ words) FILE: President of Dangote Group, Aliko Dangote The Dangote Petroleum Refinery has continued to increase the price of premium motor spirit (petrol) despite the international price of crude oil remaining below the level recorded during the earlier surge in March....
Alia’s record cannot be drowned in partisan spin
18+ hour, 13+ min ago (388+ words) Benue State Governor, Hyacinth Alia The commentary by the former Chief Press Secretary to Mr Samuel Ortom, and now Media Consultant to Mr Michael Aondoakaa, SAN, Dr Terver Akase, titled “Alia’s Attacks on Ortom, Aondoakaa Cannot Mask His Failure”, is…...