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Dangote rejects NNPC bid to raise 7.25% stake

  • 14th May 2026

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Nigeria’s inflation rose to 16.42% in April

Economy

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Oil and Gas

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featured Life Style

Dangote retains Africa’s richest spot with $28.5bn fortune

Nigeria’s business magnate Aliko Dangote has once again secured his position as Africa’s wealthiest individual. He tops the Forbes 2026 Africa Billionaires ranking with an estimated net worth of $28.5 billion. Over the past year, the continent’s richest figures collectively gained more than $20 billion. The latest Forbes list, released on Monday, highlights Africa’s 23-member […]

Business

Dangote Refinery prepared to compete amid regulatory fairness – CEO

The Chief Executive Officer of the Dangote Petroleum Refinery & Petrochemicals, David Bird, has said the refinery is prepared to compete in Nigeria’s petroleum market under an import-parity pricing framework, provided regulators guarantee a level playing field. Bird made the statement during a media briefing in Lagos on Monday. He stressed that consistent and equitable […]

OpenAI unveils GPT-5 amid rising industry investment
Tech

OpenAI acquires Promptfoo to strengthen AI security tools

OpenAI announced on Monday that it has acquired cybersecurity startup Promptfoo, a firm that develops tools for testing and securing advanced artificial intelligence systems. The company, led by Sam Altman, did not reveal the financial details of the acquisition but confirmed that Promptfoo’s team will join OpenAI. Its security tools will be integrated into OpenAI’s […]

Business

Expanding local refineries won’t guarantee cheaper petrol, says CPPE

The Centre for the Promotion of Private Enterprise has cautioned that expanding domestic refining capacity may not substantially lower petrol prices for Nigerians, particularly as global crude oil prices climb above $100 per barrel. This view was contained in a policy brief shared with Nairametrics on Monday by the Chief Executive Officer of CPPE, Muda […]

Finance

NGX rings bell for gender equality on Women’s Day

The Nigerian Exchange Group, in partnership with Central Securities Clearing System and Women in Management, Business and Public Service, will mark International Women’s Day 2026 by Ringing the Bell for Gender Equality tomorrow, Tuesday at NGX Group House in Lagos. The event will leverage the closing gong ceremony to highlight the role of capital markets […]

NELFUND to launch vocational loan scheme in Enugu by July
featured Finance

NELFUND disburses ₦206.29bn loans to 1.16m students

The Nigerian Education Loan Fund has disbursed a total of ₦206.29 billion in student loans to 1,164,222 beneficiaries since the scheme’s launch. This figure was contained in the fund’s Daily Status Report released as of March 9, 2026. Since the application portal opened on May 24, 2024, a total of 1,734,985 students have applied for […]

Business

Dangote, Adenuga, Otedola make Forbes 2026 Africa rich list

Four Nigerians, Aliko Dangote, Abdulsamad Rabiu, Mike Adenuga, and Femi Otedola — have been listed among Africa’s richest individuals in 2026. The names appear in the latest Africa Billionaires ranking released by Forbes, underscoring Nigeria’s continued presence among the continent’s wealthiest business leaders. The updated ranking shows that Africa’s billionaire class significantly expanded their fortunes […]

Inspiration

IWD: Sanwo-Olu, Funke Akindele, others urge strategic support for women

The First Lady of Lagos State, Dr Ibijoke Sanwo-Olu; filmmaker Funke Akindele; singer Waje; dancer Kaffy; drummer Ara; and vocalist Yinka Davies have called for strategic investment in women to boost the nation’s economy. As the world commemorates International Women’s Day 2026, Wema Bank hosted a high-profile gathering in Lagos. The event brought together leaders, […]

featured Ports and Airports

Clearing agents vow to shut ports amid new charges

Crisis is brewing at Nigerian ports following a 50 per cent increment in charges by foreign shipping companies. The leadership of the Association of Nigerian Licensed Customs Agents has threatened to shut down shipping companies if the new rates are not reversed. Foreign shipping companies operating at Nigerian ports recently increased their rates by 50 […]

Maritime

Nigerian shippers intensify maritime reforms for $1trn economy goal

The Nigerian Shippers’ Council has intensified efforts to reposition the country’s maritime sector as a key driver of the Federal Government’s target of building a $1 trillion economy by 2030. Digital transformation and institutional modernisation have emerged as the central pillars of the council’s reform agenda. The renewed push was unveiled during a five-day strategic […]

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