Tinubu approves fiscal incentives to unlock $20bn Bonga project
President Bola Ahmed Tinubu has approved a targeted fiscal incentive package to unlock the long-delayed Bonga Southwest Aparo deepwater project, a move…
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…
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…
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…
Manufacturing VAT surges 54.7% to ₦875bn in nine months
Nigeria’s manufacturing sector contributed N875.420 billion to Value Added Tax in the first nine months of 2025. This figure surpassed the N566.011…
Qatar LNG halt could wipe out 2026 supply surplus – Report
Analysts at Morgan Stanley have cautioned that a production pause in Qatar, a leading exporter of liquefied natural gas, could erase most…
NSDC, BOI launch ₦10bn Sugar project acceleration fund for greenfield projects
The National Sugar Development Council and the Bank of Industry have created the Sugar Project Acceleration Fund to support the development and…
Pension funds hit N28.04tn, govt securities dominate
Nigeria’s pension funds totaled N28.04 trillion, with federal government securities and domestic stocks accounting for 74.85 per cent of the portfolio, as…
Nigerian Navy dismantles illegal refineries, recovers stolen crude in Rivers
The Nigerian Navy says it has dismantled illegal crude oil refining sites and recovered suspected stolen crude in the Ogba/Egbema/Ndoni area of…
IMF warns rising oil prices could drive global inflation
The International Monetary Fund has warned that a sustained increase in oil prices could raise global inflation by about 40 basis points.…
Women entrepreneurs key to Nigeria’s $1trn economy goal — FG
The Federal Government has stated that empowering women-led enterprises is essential to achieving Nigeria’s one trillion-dollar economy target and enhancing the country’s…
Qatar loads first LNG cargo after force majeure declaration
Qatar has reportedly loaded its first liquefied natural gas cargo after the escalating conflict in the Middle East forced the country to…