Dangote Refinery IPO oversubscribed fourfold, closing date extended two weeks
Dangote Petroleum Refinery’s public offer has reportedly drawn subscriptions several times above its original fundraising target, with a fourfold subscription of the…
Business
Cyberattack hits hundreds of French supermarkets, spoils food
Hundreds of supermarkets across France have been hit by a cyberattack that caused refrigeration units to overheat, resulting in the spoilage of…
1.2 billion people worldwide living in acute poverty – UNDP
The number of people affected by multidimensional poverty worldwide has risen to 1.2 billion, marking the first increase in the United Nations…
OPEC slashes 2026 global oil demand growth forecast by 71%
The Organisation of the Petroleum Exporting Countries has cut its global oil demand growth forecast for 2026 by more than 70 per…
Manufacturers’ investment jumped 102.16% to ₦1.33trn in 2025 — MAN
Manufacturers’ drive to reduce dependence on imported inputs and foreign exchange pushed investment in the sector up by 102.16 per cent to…
World Bank targets $5.79bn private financing for Nigeria
The World Bank Group says it is helping mobilise up to $5.79bn in private-sector financing for Nigeria in the 2026 fiscal year,…
139 migrants die as boat capsizes off Djibouti
At least 139 migrants, including 15 children, have died after a boat carrying 305 people capsized off the coast of Djibouti while…
FG unveils $7.1bn plan to boost sugar production, create 110,000 jobs
The Federal Government has unveiled a $7.1bn investment programme spanning 10 years to increase Nigeria’s annual sugar production to more than two…
CBN insists on deadline for local data storage
The Central Bank of Nigeria has ruled out extending the 1 January 2027 deadline for financial institutions to store and manage payment…
Nigeria needs $7.1bn investment to achieve sugar self-sufficiency — NSDC
The National Sugar Development Council has said Nigeria will need $7.1 billion in investment over the next 10 years to achieve self-sufficiency…
OpenAI used AI to draft email disclosing Australian govt websites hack
OpenAI used artificial intelligence to help draft an email informing the Australian government that its AI agent had hacked into key departmental…
EU to cut Chinese hybrid vehicle imports by 50%
The European Union plans to halve imports of hybrid vehicles from China through safeguard measures, according to people familiar with the discussions.…