Afreximbank Lends Dangote US$1.35 Billion to Keep Refineries Running

• Aliko Dangote and Benedict Oramah. Professor Benedict Oramah, President & Chairman of the Board of Directors at Afreximbank (African Export-Import Bank), says that the bank has raised a US$1.35 billion financing facility in favour of Dangote Industries Limited (DIL) for refinancing the Dangote Petroleum Refinery and Petrochemicals Complex. The facility is part of an…

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Dr Nolas-Alausa Becomes DG Chartered Institute of Directors

• Dr Taiwo Nolas -Alausa The Chartered Institute of Directors Nigeria (CIoD Nigeria) has announced the appointment and resumption of Dr. Taiwo Nolas-Alausa as its new Director General/Chief Executive Officer. Dr. Nolas-Alausa succeeds Mr. Bamidele Alimi, who completed his second and final four-year term as the DG/CEO of the Institute on 31 July,2025. Dr Nolas-Alausa…

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CPPE Urges Sustained Support for High-Performing Sectors and Targeted Assistance for Sectors in Recession

• Dr Muda Yusuf, MD/CPPE The Centre for the Promotion of Private Enterprise (CPPE) has called for ongoing support for high-performing sectors of the economy and targeted intervention for sectors currently in recession. This appeal follows the recently rebased Gross Domestic Product (GDP) figures released by the National Bureau of Statistics (NBS), now based on…

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NESG-Stanbic IBTC June PMI Shows Manufacturing Expansion

Nigeria’s Business Performance Index maintained positive momentum for the sixth consecutive month in 2025, reflecting sustained economic resilience and cautious optimism among businesses. Nairametrics reported that in the June 2025 edition of the NESG-Stanbic IBTC Business Performance Index for June which was released in July, the manufacturing sector rose to 113.6 points, an improvement from…

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