Category: Business
Dangote Moves To Broaden Ownership Of Africa’s Biggest Refinery Through IPO
Aliko Dangote is pushing to open up ownership of Africa’s biggest refinery to more investors through a planned public offering, with dollar-denominated dividend returns highlighted as a potential benefit for everyday households. L-R: Founder of Zenith Bank, Jim Ovia; Chairman of Coronation Group, Aigboje Aig-Imoukhuede; Group Chairman of Nigeria Exchange Group, Umaru Kwairanga; President of…
Domestic Airlines Delay Over 4,000 Flights, Cancel 36 In August
The Nigerian Civil Aviation Authority (NCAA) said domestic airlines operated 7,961 flights in August, with 59.9 per cent affected by delays and 36 flights cancelled during the period. NCAA The Nigeria Civil Aviation Authority (NCAA) has disclosed that domestic airlines delayed 4,765 flights and cancelled 36 others in August 2026, with Air Peace and United…
Dangote Refinery IPO: SEC Warns Public Against Unofficial, Fraudulent Platforms
The Securities and Exchange Commission (SEC) has warned Nigerians against unauthorised platforms claiming to facilitate participation in the Dangote Refinery public offer, expected to raise approximately N2.15 trillion in one of Africa’s largest equity offerings. SEC Nigeria The Security Exchange Commission (SEC) on Monday warned investing public against falling victim to “unauthorised” and fraudulent platforms…
Nigeria, India Seek $15bn Trade Revival As Modi Pushes Renewed Crude Purchases
Nigeria and India are targeting a revival of bilateral trade to $15 billion, with Indian Prime Minister Narendra Modi seeking renewed crude oil purchases from Nigeria as both countries move to deepen economic ties beyond the oil sector. Vice President Kashim Shettima and Indian Prime Minister Narendra Modi on the sidelines of the BRICS Leaders’…
Oil Price Surges Above $107 As Middle East Tensions Escalate
Oil prices climbed above $107 per barrel following drone attacks that prompted Saudi Arabia to temporarily shut its East-West pipeline, while a merchant vessel was struck in the Strait of Hormuz, leaving one person dead and three others injured, Iranian authorities said. A graphic illustration of barrels of crude oil Oil prices rose sharply on…
NCAA Fines RwandAir ₦15m Over Passenger’s Damaged Baggage
The Nigerian Civil Aviation Authority has fined RwandAir ₦15 million over a passenger’s baggage complaint and ordered the airline to replace the damaged bag and pay $170 in first-need compensation. NCAA The Nigerian Civil Aviation Authority (NCAA) has sanctioned RwandAir the sum of N15 million over a consumer protection violation involving a passenger’s damaged baggage.…
Security Tightens Across India As BRICS Summit Begins
Security has been heightened across India as the BRICS Summit gets underway, with Vice President Shettima set to join high-level discussions on inclusive global growth, resilience, innovation and sustainable development. The key summit schedule shows the event will open with a closed-door session on “Inclusive Global Governance and Strengthening Multilateralism” for core members. Security in…
Nigerian Airlines Face Survival Threat Over High Aviation Charges, AON Warns
The Airline Operators of Nigeria says the country’s 54 aviation charges are among the highest globally, warning that reviewing them is crucial to improving airlines’ profitability and competitiveness. Lagos Airport. Photo: Channels TV/Nebianet Usaini The Airline Operators of Nigeria (AON) has said that Nigerian Airlines will not thrive if there is no review of the…
Oil Prices Surge as Iran Tightens Control Over Strait of Hormuz
Oil prices climbed as Iran expanded restrictions around the strategic Strait of Hormuz, widening a no-go zone for shipping and raising fresh concerns over global energy supplies amid the escalating conflict with the United States. A graphic illustration of barrels of crude oil Oil prices hovered above $100 a barrel on Thursday, a day after…
Brent Crude Surges Above $100 as US-Iran Conflict Escalates
Brent crude has climbed above the $100-per-barrel mark as intensifying US-Iran attacks disrupt oil shipping and heighten fears of prolonged supply shortages, fuelling concerns over inflation and possible interest-rate hikes. Global stocks have come under pressure and Brent crude oil surpassed $100 a barrel as escalating fighting across the Middle East stokes fears of energy-driven…
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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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