Nigeria, AFC sign $1.3 billion deal to build alumina refinery
Nigeria has signed a $1.3 billion investment deal with Africa Finance Corporation (AFC) to build an alumina refinery and fund nationwide mineral exploration, the government said late on Sunday, in…
Nigeria splits OPL 245 oilfield into four blocks under deal with Eni, Shell – Source says
Nigeria has broken up the OPL 245 oil block into four new assets to be operated by Eni and Shell a source told Reuters, potentially settling the future of the…
Oil jumps 10% on Iran conflict and could spike to $100 a barrel – Analysts say
Brent crude jumped 10% to about $80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 after U.S….
Nigeria’s equities market dips by 1.12%, as investors lose N1.4trn
The All-Share Index and market capitalisation of the Nigerian Exchange Ltd. declined by 1.11 per cent and 1.12 per cent, respectively, to close the week at 192,826.78 and N123.763 trillion….
Tinubu Backs Lebara’s Nigerian Telecom Foray, says signals Robust Sector Growth
President Bola Tinubu has congratulated Lebara Nigeria on its official launch, describing the milestone as a strong vote of confidence in Nigeria’s digital economy. Tinubu said the development reinforces Nigeria’s…
Maersk reroutes some sailings around Africa due to ‘unforeseen constraints’ in Red Sea
Denmark’s Maersk said on Friday it will temporarily reroute some of its sailings around the Cape of Good Hope, and thus away from the Suez Canal, after experiencing unforeseen constraints…
NEPC warns 50% post-harvest losses threaten Nigeria’s export drive
The Nigerian Export Promotion Council (NEPC) has expressed concern over high post-harvest losses threatening Nigeria’s export competitiveness. Mrs. Ngozi Ibe, NEPC Regional Coordinator, South-South Office, made this known on Thursday…
Nigerian makes TikTok Global Discover List 2026
A Lagos-based medical doctor and health educator, Dr. Olawale Ogunlana, has been named among five Sub-Saharan African creators featured on TikTok’s Global Discover List 2026. Ogunlana, known on TikTok as…
NDIC managing almost 600 failed banks’ assets, sensitises debt recovery agents Assets
The Nigeria Deposit Insurance Corporation (NDIC) says the corporation is managing assets of almost 600 failed banks and working to ensure that depositors are paid their uninsured deposits. Mrs. Patricia…
FCCPC reports indicts Air Peace, Aero, others of price abuse during Christmas; set to probe foreign airlines
A review undertaken by the Federal Competition and Consumer Protection Commission (FCCPC) has uncovered patterns of price manipulation perpetrated by some local airlines during the last festive season. Political…