Category: Business

Dangote seals $4.2bn gas deal with China’s GCL for Ethiopia fertilizer plant

Dangote Industries Limited and GCL Group, China’s leading private energy conglomerate, have formalized a landmark...

Nigeria stock market hits historic 200,000 ASI mark

Nigeria’s stock market achieved a significant milestone on Monday as the Nigerian Exchange Limited All-Share...

NUPRC completes pre-qualification, notifies applicants in oil, gas licensing round

The Nigerian Upstream Petroleum Regulatory Commission has moved Nigeria’s 2025 oil and gas licensing round...

Nigeria’s internet traffic surges 168% over three years – NCC

Internet usage in Nigeria has surged significantly over the past three years, with total traffic...

Nigeria records $96bn in crypto, virtual asset transactions — SEC

Nigeria’s digital finance ecosystem recorded approximately $96bn in cryptocurrency and other virtual asset transactions, according...

Trump slams US allies reluctant to join Hormuz oil escort

President Donald Trump expressed frustration on Monday that certain countries are refusing to join a...

Senate panel clears Magnus Abe as NUPRC board chairman

The Senate Committee on Petroleum Resources on Monday cleared Magnus Abe, former senator representing Rivers...

NGX, SEC begin free-float review to attract investors

Nigeria’s capital market regulators have initiated a review of free-float rules for listed companies to...

ICYMI: US slashes fee to give up American citizenship

The United States will lower the fee for formally renouncing citizenship from $2,350 to $450...

MTN beats expectations with higher dividend after profit rebound

MTN Group declared a dividend well above analyst expectations on Monday as Africa’s largest mobile...

AfDB approves $5.52m grant to boost W’African tax systems

The African Development Bank Group has approved a $5.52 million grant to strengthen tax administration...

Rising energy prices threaten survival of Nigeria’s SMEs, CPPE warns

The Centre for the Promotion of Private Enterprise has cautioned that the recent rise in...