Dangote to list 10% of refinery’s $50bn on NGX
Dangote plans to list about 10 percent of the refinery on the Nigerian Exchange Group…
Dangote to list 10% of refinery’s $50bn on NGX
Dangote plans to list about 10 percent of the refinery on the Nigerian Exchange Group in 2026, a move widely seen as part of efforts to unlock value and broaden the company’s investor base. To drive the offering, Dangote has appointed a consortium of financial advisers, including Stanbic IBTC Capital Limited, Vetiva Advisory Services Limited,…
The companies making billions from the Iran war, by BBC
Some of the biggest banks have also seen their profits boosted during the war in Iran.
Innoson Vehicles Manufacturing Launches Pan-African Prestige Club
• IVM Chairman, Dr Innocent Chukwuma (right) in a hearty mood with some delegates shortly after the launch of the Innoson Pan -African Prestige Club . The Chairman of Innoson Vehicle Manufacturing (IVM), Chief Dr. Innocent Chukwuma, announced the launch of the Innoson Pan-African Prestige Club, during the Opening Ceremony of the 2026 First Ordinary…
Business Council Africa launches Industrial Development report
Business Council for Africa (BCAfrica) has isolated Morocco, Egypt, South Africa and Mauritius as the only economies with the alignment required to sustain industrial growth, while Rwanda and Nigeria show meaningful progress but remain incomplete in their trajectory. BCAfrica disclosed this in its just launched 2025 Real Economic Development (RED) Index on industrial development in…
Lagos tops Domestic Debts by N1.22trn – NBS
Image: Lagos Governor Babajide Sanwo-Olu The National Bureau of Statistics (NBS) has ranked Lagos State as the most indebted state in Nigeria, owing creditors a total of N1.22 trillion and $1.17 billion in domestic and external debts, respectively, The statistics body said that Lagos State also recorded the highest external debt over the reference period…
Court Convicts ex-power minister for diversion of Mambilla and Zungeru Power Projects Money
• Saleh Mamman The Federal High Court sitting in Abuja on Thursday convicted a former Minister of Power, Mr Saleh Mamman, of 12 counts of fraud and money laundering, charges preferred against him by the Economic and Financial Crimes Commission (EFCC). Mamman, who served in the administration of former President Muhammadu Buhari, was found complicit…
Dangote unveils ambitious plan for 20,000MW power project
Aliko Dangote, the billionaire behind Africa’s largest industrial conglomerate, has set his sights on Nigeria’s epileptic power sector with a plan to generate 20,000 megawatts of electricity. Dangote’s entry into the sector follows a string of failed promises from the Nigerian government. Adebayo Adelabu, ex-Power Minister, has repeatedly missed deadlines to stabilise the grid at…
Enugu to generate electricity from Coal to guarantee unhindered supplies to industries — Mbah
Photo: A coal fired power plant in Hanchuan, Hubei province, China / Getty Images Enugu State Government is on the move to build a 660MW coal-fired power plant in the state. The project is a part of Governor Peter Mbah’s administration’s strategy to actualise its vision to grow the state’s economy from $4.4 billion to…
Ovia Introduces Zenith Bank’s New Chairman Mustafa Bello to Shareholders
•Engr Mustafa Bello Jim Ovia, the Founder / outgoing Chairman of Zenith Bank Plc, has announced his successor , Engr Mustafa Bello , to members of the Board and shareholders. Ovia made the introduction yesterday during the bank’s annual general meeting in Lagos. In his remark, Jim Ovia stated, “Distinguished shareholders, it gives me great…
HURIWA Demands Immediate overhaul of NAFDAC and SON Leadership
Photo: HURIWA National Coordinator, Emmanuel Onwubiko. The Human Rights Writers Association of Nigeria (HURIWA) is demanding for the immediate and sweeping action by the Federal Government, including a comprehensive overhaul of NAFDAC and SON. HURIWA alleged that the NAFDAC and SON have failed in their statutory responsibilities, allowing Nigeria’s markets to degenerate into a free-for-all…
