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FG borrowed ₦11.9tn in 31 months, says Oyedele

Finance

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Finance

Gombe approves ₦148.762m monthly subvention for state university

Finance

Ekiti approves ₦3bn for new high court office complex

Business

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Nigeria to produce all W’African steel soon — Dangote

The Chief Executive officer of Dangote refinery, Alhaji Aliko Dangote, has put forward a plan to start producing steel soon and stated that he wants to make sure that all of the steel used in West Africa originates in Nigeria. This was disclosed by Dangote during an interview at the ongoing Afreximbank Afro-Caribbean Trade & […]

Dangote Refinery loses N32.5bn after petrol price cut
Business

Dangote borrowed $5.5bn from banks to build refinery

Africa’s richest man, Aliko Dangote, disclosed that his company secured approximately $5.5 billion in bank loans to construct the Dangote refinery. Dangote made this announcement on Wednesday during the ‘AfriCaribbean Trade and Investment Forum’ held in The Bahamas. Dangote explained that the loan was obtained from domestic banks across Africa based on the company’s balance […]

Aliko Dangote, Africa’s most prominent industrialist, will officially step down as Chairman of Dangote Sugar Refinery Plc on June 16
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Dangote Refinery to establish terminal in the Caribbean to ease export

Dangote Refinery intends to establish a terminal in the Caribbean to export petroleum products to nations in the North American continent This was disclosed by CEO of the Dangote refinery, Aliko Dangote on Wednesday at Afreximbank’s Trade and Investment Forum in The Bahamas, according to nairamtrics. According to Dangote, the business can readily provide the […]

News

Pension fund managers seeks foreign investments to shield assets

Nigerian pension fund managers are reiterating their call for greater freedom to invest abroad to protect their assets from the fluctuating naira. The latest drive comes as pension assets in dollar terms have fallen by 54.6 percent over the last five years to $18 billion as a result of the naira’s devaluation, according to Businessday. […]

YouTube tests two-person premium subscription in select countries
News

YouTube rolls out ‘Thumbnail Test & Compare’ tool for creators

YouTube has announced the widespread availability of its new “Thumbnail Test & Compare” tool, designed to help creators determine the most effective thumbnail for their videos. Initially launched to a select group of creators last year, the feature is now accessible to a broader audience. With this tool, creators can test up to three different […]

Tizeti CEO urges African startups to launch in multiple countries
News

Tizeti CEO urges African startups to launch in multiple countries

Chief Executive Officer of Tizeti, Kendall Ananyi, has emphasized the importance of African startups expanding into multiple countries to mitigate currency risks. Ananyi shared his insights through a blog post, drawing from his experience of investing in over 40 startups over the past eight years. Ananyi highlighted the challenge of skyrocketing exchange rates for African […]

Wema bank posts ₦100.5bn pre-tax profit in H1 2025
News

Wema Bank threatens lawsuit over licence revocation claims

Wema Bank has said that it will file a lawsuit in response to rumours that the Central Bank of Nigeria is about to revoke its banking license. This was disclosed in a statement by the Head of Brands and Marketing Communications, Mabel Adeteye, on Tuesday. Adeteye underlined that its success in the previous years and […]

Oil and Gas

Nigeria’s oil production dips to 1.25mbpd – OPEC

Nigeria’s daily oil production fell further to 1.25 million barrels per day in May, according to a report by the Organization of Petroleum Exporting Countries. According to OPEC figures, Nigeria lost 30,000bpd in oil production, which fell from 1.28mbpd in April to 1.25mpd in May. This, however, is contrary to the claims by the Federal […]

Energy

Ethanol as alternate fuel could save Nigeria $7.4m – MEMAN

The Major Energy Marketers Association of Nigeria has said that ethanol might be utilized as a biofuel, saving Nigeria an estimated $7.4 million and reducing energy poverty and emissions. MEMAN in a recent quarterly press webinar and engagement, said using Nigeria’s ethanol resources as a biofuel to complement petrol, according to The Punch. MEMAN said […]

News

South African drinks wins world’s best Brandy

The 2024 World Drinks Awards have once again honoured a South African brand with the title of World’s Best Wine Brandy. Van Ryn’s 15-year-old Potsill Brandy has once again won the title of World’s Best Wine Brandy, defeating stiff opposition from Australia, France, and Spain, according to Goodthingsguy. KWV VS brandy won gold in the […]

WhatsApp accuses Moscow of attempting to block communications
News

WhatsApp introduces email login for enhanced security

Alex Omenye WhatsApp has unveiled a new feature allowing users to log in to their accounts via email, providing an additional layer of security and convenience. This update ensures that users can access their accounts even when SMS verification is not an option, making it easier to stay connected from any device, even without a […]

Apple faces $1.1bn in tariff costs as trade tensions escalates
Tech

Apple overtakes Microsoft as world most valuable firm

This follows the unveiling of its audacious Artificial Intelligence aspirations, along with a strategic alliance with OpenAI, a front-runner in the AI race. Apple’s stock surged by about 4% to a record high of $215.04, placing it much ahead of Microsoft, according to Reuters. With a market valuation of $3.24 trillion, Microsoft surpassed Apple for […]

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