Business

  Dangote rejects $38bn wealth ranking, says refinery crosses $40bn Alhaji Aliko Dangote, Africa’s richest man and President of Dangote Group, has dismissed recent estimates of his personal wealth, saying he pays little attention to wealth rankings and that his ...

  Navy disrupts illegal refining network, recovers 91,000 litres of crude oil THE Nigerian Navy, under Operation DELTA SENTINEL has discovered and dismantled three illegal refining sites within the Okolomade and Ogbogolo areas of Rivers, recovering approximately 91,000ltrs of crude ...

  ECOWAS to award N91m to startups ECOWAS Acting Director, Private Sector and Industry, Peter Oluonye, speaking at the news conference on Monday in Abuja . THE Economic Community of West African States (ECOWAS) says it is strengthening Micro, Small ...

  Providus Bank boosts Asaba urban renewal with Kainebisi project PROVIDUS Bank has commenced the beautification and restructuring of Kainebisi Roundabout in Asaba, giving fresh impetus to the existing urban renewal initiatives. Speaking at the project’s take off, on Monday, ...

  NDLEA vows to crush drug cartels THE Chairman of the National Drug Law Enforcement Agency, NDLEA, retired Brig.-Gen. Buba Marwa, has vowed to sustain the agency’s crackdown on drug cartels. Marwa said the agency would dismantle criminal networks and ...

  Take NNPCL to capital market, expert urges FG AN energy development economist, Prof. Ken Ife, has called on President Bola Tinubu to take the Nigerian National Petroleum Company Ltd. (NNPCL) to the capital market. The expert made the call ...

  SOME traders and residents in Lagos have expressed relief over the gradual drop in tomato prices across major markets. They said the development had made the commodity more affordable, although some consumers still considered the prices relatively high. The ...

  THE Nigerian Navy, under Operation DELTA SENTINEL, has disrupted three illegal refining sites in Rivers, recovering approximately 85,000 ltrs of products suspected to be illegally refined Automotive Gas Oil. This is contained in an operational report by the Director ...

  Nigeria targets local production of cancer equipment by 2030 – Salako NIGERIA is targeting technology transfer and local production of radiotherapy and imaging equipment by 2030 to strengthen cancer care, Dr Iziaq Salako has said. The Minister of State ...

  Airtel Africa inaugurates Starlink mobile service in DRC AIRTEL Africa has commercially inaugurated Starlink Mobile satellite-to-mobile service in the Democratic Republic of the Congo (DRC), making it the first operator in Africa to deploy the service commercially. Airtel DRC ...

  NPS processes over 26 million transactions as First Bank, Fidelity Bank lead in volume, value The Nigeria Inter-Bank Settlement System  (NIBSS) Plc, Nigeria’s foremost payments infrastructure provider, has commenced the rollout of the National Payment Stack (NPS), a sovereign, ...

  Abuja becoming Nigeria’s most investor-friendly business environment – Wike  THE Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike says the FCT Administration is transforming Abuja into Nigeria’s most investor-friendly business environment. Wike made the remarks in Abuja ...

  Dangote Refinery drops PMS to ₦1,165/Litre, Diesel to ₦1,570/Litre DANGOTE Petroleum Refinery has announced a reduction in the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel), effective Thursday 6th of August, thereby reaffirming its commitment ...

  Lagos, FirstBank, Zenith, others back QEDng creative Powerhouse Summit 2.0 THE Lagos State Government, FirstBank and Zenith Bank are among the organisations supporting the second edition of the QEDNG Creative Powerhouse Summit, scheduled to hold on August 11 in ...

  CBN declares stable forex, says $52.5bn reserves show economy improving THE Central Bank of Nigeria (CBN) says the recent stability in the foreign exchange market, rising external reserves, easing inflation show, are its ongoing monetary reforms that are producing ...

  2 arraigned over alleged illegal sale of alcohol THE police on Monday, dragged two men before an Ado-Ekiti Chief Magistrates’ Court, over alleged illegal sale of  alcohol. The defendants are: Anthony Valentine, 35; and Ike Lovinous, 18. The duo ...

  FBN reinforced its commitment to women entrepreneurship with N10m grants FIRST Bank of Nigeria Ltd. (FirstBank) has reinforced its commitment to women entrepreneurship with the inauguration of ”Spark A Gem Challenge”, awarding N10 million in grants to outstanding women-owned ...

  FG to phase out power sector subsidy from next year The Minister of Power, Joseph Tegbe, has announced plans by the Federal government to phase out subsidy payments in the power sector from 2027. Tegbe made the announcement during ...

Access Bank denies false social media message, assures customers of stable operations ACCESS Bank Plc has described as false and misleading a message circulating on social media and WhatsApp and impersonating the bank’s official handle. In a statement by it’s ...

  Otedola acquires N77bn shares to increase his investment in First HoldCo to N1trn Femi Otedola, the chairman of First HoldCo, has increased his shareholding in the financial institution to 21.96 percent stake. According to a statement on share dealing ...

  Wema Bank Wins Euromoney’s Nigeria’s Best Digital Bank for Consumers 2026 Award …. Recognition Affirms Bank’s Leadership in Digital Innovation and Customer-Centric Banking   Wema Bank, Nigeria’s oldest indigenous bank and pioneer of Africa’s first fully digital bank, ALAT, ...

  UBA wins national sustainability award for ESG leadership THE United Bank for Africa (UBA) Plc has won the best financial services company award at the 2026 National Sustainability Achievements Awards. A statement by the bank on Monday in Lagos ...

  UBA wins national sustainability award for ESG leadership THE United Bank for Africa (UBA) Plc has won the best financial services company award at the 2026 National Sustainability Achievements Awards. A statement by the bank on Monday in Lagos ...

  NNPC needs credible methane data before international investors will finance decarbonisation, EDF says By Anthony Isibor THE Nigerian national oil company may struggle to secure international financing for decarbonisation projects unless it can present credible methane emissions data and ...

  Emmanuel Nnorom to succeed Tony Elumelu as UBA chairman THE United Bank for Africa Plc (UBA) has announced the retirement of its Group Chairman, Mr Tony Elumelu, and the appointment of Mr Emmanuel Nnorom as his successor. The bank ...