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News
Why cheap land won’t make Lagos, Abuja homes affordable—Developer
22+ hour, 30+ min ago (424+ words) Cheap land on the outskirts of Lagos and Abuja will not necessarily translate to affordable homes because developers still have to absorb infrastructure, construction and financing costs, according to Michael Onyeachor, co-founder of Besitz Group Limited. Onyeachor said this during…...
Meet the 10 youngest presidential candidates for Nigeria's 2027 elections
16+ hour, 58+ min ago (1595+ words) Nigeria’s 2027 presidential race will feature a mix of experienced politicians, former office holders, activists and a smaller but notable group of younger contenders seeking to break into the country’s highest political office. The Independent National Electoral Commission (INEC), in its…...
Dangote Refinery IPO: A New Chapter for Nigeria’s Capital Market
1+ day, 1+ hour ago (318+ words) Nigeria’s capital market is about to witness one of the most significant transactions in its history. The planned Initial Public Offering (“IPO”) of Dangote Petroleum Refinery and Petrochemicals FZE (“DPRP” or “Dangote Refinery”) brings to the Nigerian Exchange an enterprise…...
Dangote Refinery IPO faces valuation test as N2.15 trillion offer opens
1+ day, 5+ hour ago (734+ words) Financial market analysts have expressed differing views on the valuation of the Dangote Petroleum Refinery Initial Public Offering (IPO), while largely agreeing that the transaction is set to deepen Nigeria’s capital market and attract a new generation of investors. The…...
Nigeria’s top 10 foreign trade partners in Q2 2026
3+ day, 21+ hour ago (1342+ words) Nigeria’s foreign trade landscape recorded notable shifts in the second quarter of 2026, with China retaining its long-held position as the country’s largest trading partner, while regional trade within West Africa strengthened significantly, propelling ECOWAS into the third spot among Nigeria’s…...
Keyamo pushes EgyptAir to replace ageing aircraft on Nigerian routes
3+ day, 21+ hour ago (483+ words) The Minister of Aviation and Aerospace Development, Festus Keyamo, has urged EgyptAir to replace its ageing aircraft serving Nigerian routes with newer-generation aircraft. The disclosure was contained in a statement issued on Thursday by the Special Adviser on Media and…...
NAICOM fires back at NICON, Nigeria Re over N100 Billion fraud claims
3+ day, 21+ hour ago (686+ words) The National Insurance Commission (NAICOM) has accused the promoters of NICON Insurance Plc and Nigeria Reinsurance Corporation of sponsoring what it described as a false and malicious publication alleging fraud in the recently concluded insurance industry recapitalisation exercise. The commission…...
Nigerian consumer goods firms are earning less in dollars than before the 2023 reforms
3+ day, 23+ hour ago (559+ words) Nine of Nigeria’s ten largest listed consumer goods companies generated less dollar revenue in 2025 than they did in 2022, the last full year before Nigeria’s foreign exchange reforms, even as their combined naira revenue nearly tripled and all ten delivered real…...
Dangote says refinery IPO is "for the people" as share purchase process is simplified
4+ day, 4+ hour ago (513+ words) President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has declared that the forthcoming Initial Public Offering (IPO) of the Dangote Petroleum Refinery is deliberately structured to ensure that ordinary Nigerians can easily participate in the ownership of one…...
NMDPRA denies AGF report of under-remitted gas flare penalties
5+ day, 19+ hour ago (463+ words) The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has denied the report of alleged under-remitted gas flare penalties contained in the Office of the Auditor-General of the Federation’s 2023/2024 Annual Report on Non-Compliance and Internal Control Weaknesses in Ministries, Departments…...