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Court Adjourns El-Rufai Fraud Case to March 31 as Ex-Kaduna Governor Files Bail Application

KEY POINTS A Federal High Court in Kaduna adjourned Nasir El-Rufai’s alleged fraud case to March 31 to hear pending applications, including his bail request. Peter Obi condemned the reported arrest of a Kaduna cleric, warning that such actions threaten democracy and freedom of...

March 25, 2026

News

Labour Party Signals 2027 Presidential Ticket Will Emerge from Southern Nigeria

KEY POINTS Labour Party initially indicated its 2027 presidential ticket would be zoned to Southern Nigeria. Party later clarified no formal zoning, reaffirming a competitive and democratic candidate selection process. LP has set May 23 for its presidential primary as it prepares for the...

March 25, 2026

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Business

The Economist questions whether Dangote’s empire truly innovates

The Economist has questioned whether Dangote's industrial empire truly innovates, noting that most technical and managerial work across his flagship operations relies on foreign expertise.

March 19, 2026

Business

Naira Strengthens to Highest Level Since February

KEY POINTS The naira appreciated to N1,355/$, its strongest level since February 2026. Rising...

March 18, 2026

Business

Dangote refinery supplies 92 percent of Nigeria’s petrol in February

Dangote Refinery covered 92 percent of Nigeria's petrol demand in February 2026, with imports accounting for just 8 percent of total daily supply for the first time on record.

March 18, 2026

Business

Nigeria textile exports crash 55 percent as imports hit N1.06trn

Nigeria's textile exports dropped 55.25 percent to N16.55 billion in 2025 as imports climbed 46 percent to N1.06 trillion, widening an already severe trade imbalance in the sector.

March 18, 2026

Business

Fuel vessels arrive Lagos as petrol prices top N1,200

Vessels carrying 129,000 metric tonnes of petrol and diesel are arriving at Lagos ports between March 14 and 17 as Nigerians contend with fuel prices above N1,200 per litre.

March 17, 2026

Business

MTN lifts dividend 45 percent after Nigeria, Ghana profit rebound

MTN Group declared a 45 percent dividend increase to R5 per share after headline earnings per share jumped more than tenfold, led by strong recoveries in Nigeria and Ghana.

March 17, 2026

Business

Dangote seals gas deal with China’s GCL for Ethiopia plant

Dangote Industries and China's GCL Group have formalised a $4.2 billion, 25-year gas supply deal to power what will become East Africa's largest fertilizer production complex.

March 17, 2026

Business

Taiwo Afolabi ties SIFAX to Nigerian Navy on maritime security

SIFAX Group chairman Taiwo Afolabi has formalised a security partnership with the Nigerian Navy, opening the conglomerate's infrastructure to naval intelligence operations along Lagos shipping lanes.

March 16, 2026

Business

BUA Cement drives N649 billion surge on Nigerian Exchange

BUA Cement spearheaded a N649 billion surge on the Nigerian Exchange, reversing a two-day losing streak as investors returned conviction buying to blue-chip names after full-year 2025 results.

March 16, 2026

Business

Nigerian Breweries, Guinness Raise Product Prices as Rising Costs Bite

KEY POINTS Nigerian Breweries Plc and Guinness Nigeria have announced price increases on selected...

March 16, 2026

Business

Signature Bank hits ₦52 billion, clears CBN recapitalisation bar

Signature Bank has crossed the CBN's recapitalisation threshold, raising its capital base to ₦52 billion through a rights issue and joining banks that have met the new minimum.

March 16, 2026

Business

Tinubu Names Fola Adeola to Lead Petroleum Reform Taskforce

President Tinubu has named Fola Adeola chairman of a new petroleum reform taskforce, giving the panel six months to produce three reform blueprints for Nigeria's energy sector.

March 14, 2026