Category: Business
Makinde Reiterates Claims That FG Will Withhold NLNG Dividends Until After 2027 Elections
FILE PHOTO: Governor Seyi Makinde says despite employing over 23,000 workers into the civil and public service since 2019, thousands of qualified youths remain unemployed. The Oyo State Governor, Seyi Makinde, has insisted that the Federal Government was withholding ₦250 billion in Nigeria LNG Limited (NLNG) dividends for each state in the country. His reaction…
Dangote Refinery IPO Attracts Investors from 51 African Countries
Dangote Petroleum Refinery & Petrochemicals has announced that its ongoing Initial Public Offering (IPO) has attracted participation from investors across Africa and around the world, with subscriptions received from more than 90 countries, including investors from 51 of Africa’s 54 nations. The unprecedented level of participation positions the transaction as Africa’s first truly pan-African public…
Movement Launches Initiative to Transform the Global Food System
To commemorate the 2026 World Food Day, the EARTHDAY.ORG has launched Food for Our Planet initiative; a multiyear global campaign focused on transforming the way food is produced, consumed and valued to build a healthier, sustainable and equitable global food system. The launch is coming on the heels of the fact that global food systems…
FirstBank Seeks Stronger Partnerships to Boost Lending After Recapitalisation
Olusegun Alebiosu First Bank Managing Director/Chief Executive Officer, Olusegun Alebiosu, has called for stronger collaboration among financial industry stakeholders to improve banking services and strengthen the sector’s contribution to economic development, as industry leaders raised concerns about banks’ ability to translate increased capital into productive lending. Alebiosu made the call as FirstBank hosted the West…
Renaissance Capital Values Dangote Refinery at ₦700.41 per Share
Renaissance Capital Renaissance Capital Africa has raised its estimated value of Dangote Petroleum Refinery and Petrochemicals to N700.41 per share, a 33.41 per cent premium over the N525 offer price, as stronger refining margins and ‘better-than-expected’ earnings improved its outlook. The revised valuation, contained in the investment firm’s October 16 update, ‘Stronger Refining Margins Drive…
T-Bills Sales Surge Nearly 9% to ₦2.42trn as Investor Demand Rises
The Debt Management Office (DMO) sold Treasury Bills (T-bills) worth N2.42 trillion in September 2026, up 8.95 per cent from the N2.22 trillion recorded in August, as demand for the Federal Government’s short-term debt instruments remained strong. Data from FMDQ Securities Exchange released at the weekend showed that September sales of N2.42 trillion, valued at…
Nigeria’s Food Import Bill Rises 11.4% to $1.19bn in H1, Boosting FX Demand
Nigeria spent $1.19 billion on food imports in the first half of 2026, an 11.41 per cent increase from $1.07 billion in the same period of 2025, according to the Central Bank of Nigeria (CBN). The CBN’s Quarterly Statistical Bulletin for the second quarter of 2026 showed that spending on food imports rose by $121.52…
Naira Appreciates 1.86% as Dollar Falls to ₦1,328.28 in September
The naira strengthened against the dollar in September 2026 as the average spot exchange rate fell by 1.86 per cent to N1, 328.28 per dollar, down from N1, 353.41 in August. The lower average exchange rate indicated an improvement in the naira’s value against the dollar during the period under review. September performance also reflected…
FG Warns Fuel Subsidy Return Could Trigger Capital Flight, Pressure Naira
This photo shows an attendant dispensing fuel at a filling station. The Federal Government has warned that a return to the fuel subsidy can trigger capital flight, put pressure on the naira, and undermine the gains of its economic reforms. The warning came at a media briefing in Bangkok, Thailand, at the conclusion of the…
Chemical Engineers Urge FG to Privatise State-Owned Refineries
An oil and gas facility The National President of the Nigerian Society of Chemical Engineers (NSChE) Bayo Olarewaju-Alo, has advocated transparent, competitive and time-bound privatisation process for the nation’s state-owned refineries. He said timely, credible reform would strengthen investors confidence in the nation’s commitment to commercially disciplined energy-sector reform. Speaking on the topic, ‘Nigeria’s moribund…
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Opeyemi Precious
Precious Opeyemi is an independent media entrepreneur, journalist, and the founder of Scoop Lounge. Driven by a commitment to credible, balanced, and high-impact journalism, she established the platform to deliver rapid-response news summaries across multiple global sectors. Read full
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