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News
Nigeria hits 1.68mbpd, sustains OPEC quota for four months
5+ hour, 5+ min ago (503+ words) File: Crude oil illustration Nigeria’s crude oil and condensate production rose to 1,677,777 barrels per day in August 2026, representing a 0.4 per cent increase from the 1.67 million barrels per day recorded in July. The increase, though modest, marked another month of improved oil…...
Dangote refinery begins N2.15tn share offer today
8+ hour, 4+ min ago (634+ words) Dangote Petroleum Refinery & Petrochemicals FZE has announced the commencement of its Initial Public Offering, marking a milestone in Nigeria’s economic development and the evolution of Africa’s capital markets. The offer will be formally launched at a ceremony on the trading…...
2027 budget: FG gives MDAs September 18 deadline
6+ hour, 41+ min ago (1554+ words) File: Director-General of the Budget Office of the Federation, Tanimu Yakubu The Federal Government plans to submit the 2027 budget proposal to the National Assembly in September, in an attempt to advance the budget cycle amid persistent implementation challenges and overlapping…...
The Dangote Refinery IPO
7+ hour, 31+ min ago (1278+ words) THE Dangote Petroleum Refinery and Petrochemicals initial public offering is a test of whether Nigeria can convert one of its most consequential industrial investments into a broader instrument of wealth creation. This will also show how deep its capital market…...
Dangote Refinery offer to boost FX earnings — CIS, ASHON
6+ hour, 51+ min ago (380+ words) The Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria have welcomed the initial public offering of Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise, describing it as a landmark development for Nigeria’s capital market. The…...
Coca-Cola says 70,000 Nigerian youths gain skills, jobs
7+ hour, 14+ min ago (416+ words) The Coca-Cola System in Nigeria says more than 70,000 young Nigerians have benefited from its empowerment programmes through training in life skills, entrepreneurship and access to internship opportunities. The company, in statements made available to The PUNCH on Sunday, said its…...
Petrol subsidy return may cost Nigeria N19tn annually – CPPE
8+ hour, 5+ min ago (539+ words) The Centre for the Promotion of Private Enterprise has warned that a return to universal petrol subsidy could cost the government about N19.16tn annually. The think tank said such a huge expenditure would impose an enormous opportunity cost on Nigeria’s already…...
States miss jobs, revenue from $700bn mineral wealth
7+ hour, 55+ min ago (1191+ words) Dele Alake, Minister for Solid Minerals Development Nigeria’s 36 states and the Federal Capital Territory are sitting on vast deposits of solid minerals estimated at more than $700bn, yet most states have done little to turn the resources within their territories into…...
Lagos turns to private sector to tackle 3.4m housing deficit
7+ hour, 44+ min ago (585+ words) The Lagos State Government has said it will increasingly rely on structured public-private partnerships to tackle the state’s 3.4-million-unit housing deficit and infrastructure gap. The Commissioner for Commerce, Cooperatives, Trade and Investment, Folashade Ambrose-Medebem, disclosed this at the Julius Berger…...
Atiku demands subsidy savings over ASUU strike threat
7+ hour, 39+ min ago (884+ words) Former Vice President Atiku Abubakar has challenged President Bola Tinubu to account for the funds saved from the removal of fuel subsidy, following the renewed threat of industrial action by the Academic Staff Union of Universities. In a statement on…...