CBN refutes $1.26bn oil import disbursement claim
Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) has dismissed reports suggesting it disbursed $1.259 billion to major oil sector operators for the importation of refined petroleum products and…
Dangote seeks $5bn Afreximbank funding for refinery expansion
Africa’s richest man, Aliko Dangote, is seeking an additional $5 billion to expand operations at his Lagos-based refinery, according to Afreximbank’s new President, Dr. George Elombi. Elombi revealed the plan…
Lafarge africa reports N780.48bn revenue, profit up 246%
Lafarge Africa Plc has reported a strong financial performance for a period of nine months in 2025, recording a revenue of ₦780.48 billion, a 63% increase from ₦479.49 billion in…
Zenith bank surpasses CBN target with ₦350bn oversubscribed offer
Zenith Bank Plc has surpassed the Central Bank of Nigeria’s recapitalization benchmark, following the successful conclusion of its oversubscribed ₦350.46 billion public offer. The milestone, celebrated with a Closing Gong…
Omosehin to WAICA: Insurers must lead on climate response
Barbara Bako, Abuja. The Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, has called on West African insurers to move beyond traditional business models and take the lead in driving the…
PENGASSAN orders members to shutdown power plants
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has directed its members to close thermal power plants due to ongoing rift with Dangote Refinery. Daily Trust reports…
Dangote refinery resumes petrol sales in naira after govt intervention
The Dangote refinery has resumed the sale of fuel in naira after naira-for-crude technical committee intervention… In a memo sent to marketers on Saturday, a copy of which was made…
Just in: Dangote refinery halts naira petrol sales over crude supply issues
The Dangote Petroleum Refinery has suspended the petrol sales in naira, a move that has unsettled marketers and raised fresh concerns about fuel pricing and foreign exchange pressure.… In an…
OPay rolls out ₦60m scholarship scheme at BUK
…Tergets 200 beneficiaries in 10 years Fintech company, OPay Digital Services Limited, has unveiled a ₦60 million scholarship programme at Bayero University, Kano (BUK), aimed at easing students’ financial burdens…
UBA extends N157.8bn rights issue deadline to Sept 19
United Bank for Africa (UBA) Plc has extended the application period for its ongoing N157.84 billion rights issue, giving shareholders two additional weeks to participate in the offer. In a…















