N120bn Power Loss: FG Moves Against Energy Theft on Ikorodu–Sagamu Industrial Corridor
Manufacturers operating in industrial clusters need reliable electricity not only to keep production lines running but also to control operating costs.
August 2026
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Emzor raises N26.7bn bond on FMDQ Group Exchange
The bond forms part of the company’s broader N40 billion ($29.6 million) bond issuance programme and represents Emzor’s second domestic bond, following strong investor demand that resulted in the issue being oversubscribed.
PZ Cussons Nigeria Reports N45.2bn PAT, Proposes N2.50 Dividend
CEO Oghale Elueni attributed the performance to strong brands, disciplined execution, volume growth, pricing initiatives and efficient working capital management.
Companies Using WhatsApp Business To pay for messages from October 1 – Meta
The charge applies to organisations that use the WhatsApp Business Platform, formerly known as the WhatsApp Business API, to manage customer communication on a large scale.
Is Dangote Refinery Playing the Giraffe by Leaving Domestic Oil Supply to Marketers?
Its argument is straightforward: when locally refined products cannot be absorbed by the domestic market because of competing imports, the surplus must be moved elsewhere. Hence, the increased exports.
FTSE Russell Restores Nigeria to Frontier Market Status After Three-Year Exit
FTSE Russell, a wholly-owned subsidiary of the London Stock Exchange Group (LSEG). is a global index provider that creates, calculates, and manages stock market indices and financial data for investors worldwide.
Naira Exchange Rates / Commodity Prices Thursday, August 27
BLACK MARKET RATES US Dollar (USD) Buy ₦1,405 Sell ₦1,410 Great British Pound(GBP) Buy ₦1,895 Sell: ₦1,915 EURO (EUR) Buy ₦1,595 Sell ₦1,615 Canadian Dollar (CAD) Buy ₦1,020 Sell ₦1,080 South African Rand (ZAR) Buy ₦75 Sell ₦90 Ghana CEDI (GHS) Buy ₦95 Sell ₦110 West African CFA Buy ₦2, 300 Sell ₦2, 400 CENTRAL…
Indorama Plans Diversification from petrochemicals and fertiliser into methanol production
The 1.75 million-tonnes-per-year methanol plant project is scheduled to commence in the third quarter of 2027, with additional capacity to be developed through 2031.
Dangote refinery drives Nigeria petroleum product exports by seven-fold , says EIA
In a breakdown of the report, the EIA said: ” Seaborne petroleum product shipments from Nigeria averaged 561,000 barrels per day in the second quarter of 2026, compared with an annual average of 79,000 bpd in 2023, Vortexa data showed.”
There are more than two million robots in China’s factories
China is already shipping its robots across the globe: more than half of the world’s industrial robots are now made in China.