Category: Business
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…
How to Buy Dangote Refinery Shares as IPO Opens September 14
Investors can participate in the Dangote Refinery public offer from September 14, with a minimum subscription of 10 shares costing ₦5,250 at the offer price of ₦525 per share. The Dangote Petroleum Refinery and Petrochemicals FZE will, on September 14, 2026, open its initial public offering (IPO) for sale. The landmark ₦2.15 trillion ($1.6 billion)…
Reps Probe ₦432bn Oil Revenue Debt Linked to NNPCL, Marketers
The House of Representatives has launched an investigation into more than ₦432 billion in alleged oil revenue debts, amid concerns over billions of naira reportedly owed to the NMDPRA by NNPCL and major petroleum marketers. A file photo of members of the House of Reps. Photo: X@HouseNGR The House of Representatives Public Accounts Committee (PAC)…
Gov Eno Backs NIPP Lot 18 Project to Boost Power Supply in Akwa Ibom
Governor Umo Eno has pledged support for the completion of the NIPP Lot 18 transmission project, a move expected to strengthen electricity supply across Akwa Ibom and support broader growth in Nigeria’s power sector. A delegation of the NDPHC, led by its Managing Director and Chief Executive Officer, Engineer Jennifer Adighije, at Government House, Uyo.…
Dangote Refinery IPO Draws Investor Interest With Strong Growth Prospects
With 4.1 billion shares priced at ₦525 each, the IPO offers investors access to a fully operational energy asset with expansion plans, export potential and a growing role in Nigeria’s fuel market. Alhaji Aliko Dangote and other members of Dangote Refineries and Petrochemical Limited’s Board of Directors at the IPO signing ceremony in Lagos on…
Zamfara, UN Deepen Partnership To Drive Sustainable Development
Zamfara State and the United Nations have renewed their commitment to a stronger strategic partnership focused on advancing sustainable development and addressing key challenges facing the state. The Zamfara State meeting with the United Nations delegation. The Zamfara State delegation was led by the Commissioner of Finance, Muhammad Auta, while the United Nations delegation was…
Diesel Hits ₦2,100/Litre as Energy Costs Consume Over Half of Manufacturers’ Operating Expenses
Manufacturers are cutting production shifts as soaring diesel prices push energy costs above 50% of operating expenses, threatening profitability, jobs and the competitiveness of Nigerian businesses. • N11.3tr petrol bill adds to households’, transporters’ burden• Firms struggle with over N2,000/litre diesel, cut production shifts• Rising unsold inventories complicating energy cost pressure Nigerian manufacturers are grappling with…
Africa Must Be Bold To Lead Change For Prosperity — Dangote
Aliko Dangote said the Dangote refinery overcame major challenges and proved that Africa can dream big, pursue its ambitions and achieve its goals. Aliko Dangote, President/CEO of Dangote Industries Limited; Devakumar Edwin, Group Executive Director; and Fatima Dangote, Executive Director (Commercial), at the Dangote Refinery IPO signing ceremony in Lagos on September 7, 2026. President…
Dangote Refinery Sets ₦525 Share Price for $1.6bn IPO
Dangote Refinery is targeting about ₦2.2tn from investors through an offer of 4.1 billion ordinary shares priced at ₦525 each, marking a major step toward its planned public listing. President/Chief Executive of Dangote Industries Limited, Aliko Dangote, and others at the historic signing ceremony for the Dangote Petroleum Refinery IPO signing at Eko Hotels, Lagos,…
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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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