The US labour market recorded a sharp slowdown in September, with employers adding only 29,000 jobs in the latest figures ahead of the country’s midterm elections. Employment levels remained largely …
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Business
- BusinessBusiness and EconomyBusiness and Investment
Seplat, Aradel Share Gains Add $430m to Billionaire’s Wealth
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 …
- BusinessBusiness and EconomyBusiness Growth
Lower Interest Rates Could Boost Nigerian Businesses’ Profits and Tax Revenue
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 …
Nigeria’s largest listed companies recorded stronger profits and operating cash flow in the first half of 2026, although rising customer debts remain a working-capital concern. An analysis of the financial …
- BusinessMobile Telecommunications Network (MTN)Telecommunications
Mafab’s 5G Exit to MTN Raises Competition Concerns
Nearly five years after winning a major 5G spectrum licence, Mafab Communications is seeking to transfer key spectrum assets to MTN Nigeria, raising fresh concerns about competition in Nigeria’s telecommunications …
Baker Homes has launched Mint Court Phase 2, a 10-acre residential development along the Papalanto Expressway in Obafemi Owode, Mowe, as the real estate company expands its property portfolio following …
Nigeria is seeking to attract more than 100 Chinese oil and gas equipment manufacturers to establish production facilities in the country as it looks to expand local manufacturing, promote technology …
- BusinessBusiness & MarketsBusiness and Investment
Dangote Refinery Hits 700,000bpd as Fuel Imports Decline
Dangote Petroleum Refinery recorded its highest-ever capacity utilisation in August, operating at 105.21 percent of its 700,000-barrel-per-day nameplate capacity. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) …
Stakeholders across Nigeria’s North-West have agreed to strengthen the protection of taxpayers’ rights and improve trust between taxpayers and revenue authorities. The agreement was reached at a two-day stakeholder engagement …
The Nigerian National Petroleum Company Limited has said it does not yet have a fixed date for its proposed initial public offering (IPO), noting that the decision will ultimately be …
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