Pension assets rise N3.8tn to record N31.8tn in eight months
Nigeria’s pension fund assets rose by N3.8tn in the first eight months of 2026, reaching a record N31.8tn as of August 31,…
Business
Pension assets rise N3.8tn to record N31.8tn in eight months
Nigeria’s pension fund assets rose by N3.8tn in the first eight months of 2026, reaching a record N31.8tn as of August 31,…
Oil prices drop as EU weighs diesel reserve release
Oil prices fell sharply on Friday, extending earlier losses, after reports that governments could release diesel and crude stockpiles to ease concerns…
LAMATA begins phase-out of diesel buses in Lagos
The Lagos Metropolitan Area Transport Authority has begun phasing out diesel-powered buses from the state’s regulated public transport system, with operators adding…
Trump urges Europe to release diesel reserves amid supply crisis
The Trump administration has urged European countries to release some of their diesel reserves urgently, arguing that U.S. farmers, truckers and businesses…
Tinubu signs bill extending 2025 budget to December
President Bola Tinubu has signed the Appropriation (Amendment) (No. 4) Bill, 2025, extending the implementation of the 2025 budget from September 30,…
FG begins talks with DisCos on 24-hour power zones
The Federal Government has begun discussions with electricity distribution companies on plans to establish energy zones that will provide 24-hour electricity supply…
Land dispute casts shadow over Dangote’s Kenyan refinery groundbreaking
Dangote Group has pressed ahead with the groundbreaking of its planned 700,000-barrel-per-day oil refinery in Lamu, Kenya, despite a court order to…
Kenyan investors seek access to Dangote refinery IPO
Kenyan investors and capital market participants are seeking exposure to Dangote Refinery’s ongoing initial public offering through a proposed Global Depositary Receipt…
Dangote picks Honeywell to help build $16b Kenyan refinery
Aliko Dangote has selected US-based Honeywell Technologies to provide engineering services, technology licensing and equipment for his planned 700,000-barrels-per-day refinery in Kenya.…
Banks, Fintechs seek extension of CBN data localisation deadline
Nigerian banks and fintech companies are seeking an extension of the Central Bank of Nigeria’s January 2027 deadline for complying with its…
Kenya launches first protected coastal submarine cable network
Kenya’s coastal digital infrastructure is set for a major upgrade following the launch of the LuLu Coastal Cable System, the country’s first…