Business
NASD Targets N12bn in Rights Issue to Fund Next Phase of Growth
Kayode Tokede NASD Plc has said it is seeking to raise N12 billion through a Rights Issue as the securities exchange strengthens its capital base and positions itself for its next phase
‘Dangote Refinery IPO Opens Ownership to Nigerian Investors’
Nigerians can invest in Dangote Petroleum Refinery and Petrochemicals with a minimum subscription of N5,250 under an initial public offering launched recently. The company is offering 4.1 billion ordinary shares at N525 each.
S&P Global Energy Opens New Abuja Office, Hosts Nigerian Oil And Gas Leaders
S&P Global Energy will officially open its new office in Abuja on Thursday, bringing together senior officials and industry leaders from Nigeria’s oil and gas sector. The event is scheduled
George Elombi: Afreximbank Ready To Finance Djibouti-Ethiopia Infrastructure Projects
Dr George Elombi, President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), says the bank is ready to provide the financing needed to support major
FG cuts interest on late tax payments
…New rate takes effect October 1…Applies to FG, states, FCT tax authorities By Emma Ujah, Abuja Bureau Chief ABUJA — The Federal Government has reduced the interest rate payable by
Airtel plans IPO, to list on London Stock Exchange
Airtel Africa Plc, has announced that its mobile money subsidiary, Airtel Mobile Commerce N.V., known as Airtel Money, intends to proceed with an Initial Public Offering (IPO) and seek admission
Ship owners urge Dangote, others to back indigenous shipping with cargo deals
By Providence Ayanfeoluwa Indigenous ship-owners have called on major cargo owners, particularly Dangote Group, to support Nigerian fleet development through long-term Contracts of Affreightment (CoAs). Former President of the African
FGN allots N6.69 bn for September savings bond
By Elizabeth Adegbesan The Federal Government of Nigeria (FGN), through the Debt Management Office (DMO), said it allotted a total of N6.69 billion to domestic investors for the September 2026
Crude oil imports at Lagos ports decline 38.6%
By Godwin Oritse Crude oil imports through Lagos Ports declined by 38.6 percent in September 2026, with a total of 1,470,109 metric tonnes imported during the month, compared to 2,392,354
NMDPRA approves 830,000MT petrol imports for Q4’26
Competition must lower pump prices, IPMAN Fuel under-dispensing: PETROAN orders nationwide meter checks By Obas Esiedesa, Abuja The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has approved the importation
