Nigeria’s private-sector activity strengthened in the third quarter of 2026, with purchasing managers’ surveys showing faster growth in September as demand improved and industrial activity recovered. The Central Bank of …
Samuel Dossou-Aworet, a Beninese billionaire and founder of Petrolin Group, saw the value of his investments in Seplat Energy and Aradel Holdings increase by $430 million in the third quarter …
Nigeria’s recent interest rate reduction could eventually increase government tax revenue if lower borrowing costs encourage businesses to expand operations, improve profitability and generate higher taxable income. The Central Bank …
Africa’s recent progress in bringing down inflation is facing renewed pressure as global oil prices climb, raising concerns that higher energy and transport costs could reverse some of the gains …
The Crude Oil Refinery-Owners Association of Nigeria has called on the Federal Government to reduce and eventually end unnecessary petroleum product imports by maximising the country’s domestic refining capacity. The …
Nigerian cold-storage businesses are increasingly adopting gas-powered electricity as they seek to reduce rising energy costs and protect their operations from unreliable grid supply. A Lagos-based cold-storage and frozen-food distribution …
Nigerian billionaire Aliko Dangote is supporting the development of a $660 million refined petroleum products pipeline linking Ethiopia and Djibouti, a project aimed at improving fuel supply and reducing transport …
Nigeria’s ₦500,000 Wage Demand Highlights Rising Cost of Living Nigeria’s organised labour movement is pushing for a new minimum wage of ₦500,000 per month as rising living costs continue to …
Nigerians Buy Dangote IPO Shares Through Neighbourhood POS Shops Buying shares in Nigeria is becoming easier for everyday people as neighbourhood Point-of-Sale (POS) agents begin helping customers subscribe to the …
Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited, has confirmed plans to take the group’s fertiliser business public in 2028 as the company expands production across Africa. …
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