Category: Business

Musk’s SpaceX raises $75bn in record US IPO

Elon Musk’s reusable rocket company is raising $75 billion, selling 555.6 million shares for $135...

Access Holdings assures shareholders of dividend resumption, cites conditions

Access Holdings Plc has assured shareholders of the Board’s commitment to resuming dividend payments as...

Dangote Refinery valued at $39.1bn in private placement offer

The Dangote Petroleum Refinery has been valued at $39.1 billion as it seeks to raise...

AfCFTA targets $250bn intra-African trade volume in 2026

The Secretary-General of the African Continental Free Trade Area, Wamkele Mene, has disclosed that the...

IMF urges stronger crypto regulation in Nigeria to enhance stability

The International Monetary Fund has urged Nigeria to incorporate stablecoins and other crypto-asset activities into...

ALTON plans N1.86tn investment to boost network expansion

Nigerian telecom operators said on Monday that they plan to invest about N1.86 trillion in...

FG pledges stronger fiscal reporting, transparency after IMF review

The Federal Government has pledged to strengthen fiscal reporting, budget transparency, and data integrity in...

FG unveils $1bn AfCFTA credit facility to boost African trade

The Federal Government has reiterated its commitment to advancing Nigeria’s export-driven growth under the African...

Tony Elumelu named Seplat chairman in major leadership shakeup

Seplat Energy Plc has announced major leadership changes, with billionaire investor and philanthropist Tony O....

OpenAI files for IPO as AI firms race to market

OpenAI, the company behind ChatGPT, has filed confidentially for an initial public offering, signaling a...

Nigeria’s transmission grid not limiting electricity supply – TCN

The Transmission Company of Nigeria has dismissed assertions that the national transmission network is the...

US judge blocks Trump’s $100,000 H-1B visa fee plan

A United States federal judge has blocked President Donald Trump’s attempt to impose a $100,000...