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Policy and Regulations

Lagos cracks down on use of rusty grinding machines

The Lagos State Consumer Protection Agency has warned operators of pepper and mill grinding machines against the use of rusty, corroded and poorly fabricated equipment, saying such practices could contaminate food and endanger consumers. In a statement shared by the Lagos State Government on Tuesday, the agency urged operators across the state to replace traditional […]

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Dangote’s net worth jumps $19.9bn as refinery IPO opens

Africa’s richest man and President of Dangote Industries Limited, Aliko Dangote, has seen his net worth surge by $19.9 billion to $51.3 billion following the commencement of the initial public offering of Dangote Refinery. According to Forbes’ Real-Time Billionaires List, Dangote’s fortune rose 63.37 per cent from $31.4 billion on Sunday to $51.3 billion on […]

News

NSCDC arrests ex-AEDC worker over ₦350m cable vandalism

The Nigeria Security and Civil Defence Corps has arrested a former employee of the Abuja Electricity Distribution Company, Isaac Zegbe, along with other suspects, over the alleged vandalism and theft of electricity cables worth over N350 million. Zegbe, 25, was arrested alongside his accomplices by operatives of the Commandant General’s Special Intelligence Squad during intelligence-driven […]

Agribusiness

ECOWAS bank’s agriculture loans to public sector declines by 6.6%

The ECOWAS Bank for Investment and Development recorded a decline in its disclosed outstanding public-sector loans to agriculture and rural development in 2025, even as its overall lending portfolio expanded by nearly one-quarter, according to the bank’s audited financial statements. Loans to agriculture and rural development under the public-sector category stood at West African Units […]

Business

Dangote backs daughters to take over business empire

The Chairman of Dangote Group, Aliko Dangote, has said having a male heir to take over his business empire is not a priority, noting that any of his three daughters could eventually lead the conglomerate. Dangote made this known during an interview with ARISE News on Tuesday, where he said he had been observing his […]

Business

UBA named approved channel for Dangote Refinery IPO

United Bank for Africa Plc has emerged as one of the authorised financial institutions through which investors can subscribe to the Dangote Petroleum Refinery and Petrochemicals FZE Initial Public Offering. In a statement, the bank said it can provide investors with access to the public offer, which presents Nigerians and eligible international investors with an […]

Business

FG raises N1.23tn to tackle N4tn power sector debt

The Federal Government has raised about N1.23tn through two bond issuances as part of efforts to reduce debt in the power sector and settle about N4tn owed to electricity Generation Companies The Chief Executive Officer of Nigerian Bulk Electricity Trading Plc, Akin Odeyemi, disclosed this in Abuja on Monday, according to the News Agency of […]

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VeryDarkMan threatens to sue MTN over unsolicited Dangote IPO message

Social media personality Martins Vincent Otse, popularly known as VeryDarkMan, has threatened to take telecoms giant MTN Nigeria to court over the alleged unauthorised use of his private telephone number for promotional messages about the Dangote Petroleum Refinery and Petrochemicals Initial Public Offering. In a video circulating widely on social media platforms on Monday and […]

Business

FG targets 20m Nigerians with 200 new telecom sites

The Federal Government has announced plans to activate at least 200 new telecommunications sites before December as part of a nationwide infrastructure project aimed at providing improved connectivity to more than 20 million Nigerians currently without adequate telecom services. The Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, disclosed this on Monday during […]

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Nine NGX companies battle negative shareholders’ funds, weak returns

At least nine companies listed on the Nigerian Exchange Limited are currently grappling with significant balance-sheet pressure, as their shareholders’ funds have turned negative, with most of them also posting poor or negative Returns on Equity. An analysis of financial data belonging to these firms, available to Vanguard, shows that Premier Paints Plc, Omatek Ventures […]

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