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LASUTH resident doctors launch indefinite strike over 25 months of unpaid allowances

Key points The LASUTH Association of Resident Doctors declared an indefinite strike from 8 a.m. on Friday, Sept. 11, after an emergency virtual congress on Sept. 9. Core demands include specialist allowance for Grade Level 14 doctors, salary and advancement arrears, and 25 months...
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Aliko Dangote says N2.2 trillion refinery IPO will democratize wealth creation

Aliko Dangote says the N2.2 trillion Dangote refinery IPO will democratize wealth creation by giving Nigerians and global investors a stake in Africa's largest refinery.

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Business

CBN Retains Interest Rate at 26.5%

KEY POINTS The Central Bank of Nigeria retained the benchmark interest rate at 26.5%...
Business

Dangote unveils multi-billion-dollar Olokola deep seaport on 10,000 hectares

Aliko Dangote's group has begun preliminary work on a 10,000-hectare deep seaport at Olokola, targeting exports, fertilizer shipments and Atlantic trade.
Business

AfDB approves $200m BoI facility to boost Nigeria’s industrial sector

AfDB approved a $200 million facility for Nigeria's Bank of Industry to boost SMEs, manufacturing and green industrialization, with women-led and youth businesses prioritized.
Business

Dangote lifts Ethiopia investment to $4billion, pledges African food security

Aliko Dangote raised his Ethiopia investment from $2.5 billion to over $4 billion, pledging that fertilizer plants will deliver food security across Africa.
Business

Nigeria’s Inflation Rate Climbs to 15.69% in April Despite Slower Food Price Growth

KEY POINTS Nigeria’s inflation rate rose slightly to 15.69% in April 2026 after the...
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Dangote details mafia fight against $20bn Lekki refinery

Aliko Dangote said a fuel-import 'mafia' tried to block his $20bn Lekki refinery as land, currency and infrastructure costs piled up.
Business

Forex shock will swallow tariff cut on car prices, stakeholders warn

Nigerian car prices will not drop despite FG's tariff cut from 70 to 40 percent because forex, logistics and port costs dominate vehicle landing prices.
Business

LPG price set to hit N1,500/kg as depot stocks dry up

Nigerian cooking gas could rise to N1,500 per kilogram from N1,300 as depot stocks thin and only Dangote Refinery, Ardova and Navgas have supplies.
Business

Nigerian brewers post 117 percent profit jump in 2025

Nigeria's top four brewers grew combined profit 117 percent to N317.2 billion in 2025 on N2.8 trillion in revenue, driven by aggressive product re-pricing.
Business

Otedola scores N49.6bn paper gain as FirstHoldCo Q1 profit jumps 72 percent

Femi Otedola added N49.6 billion to his paper wealth as FirstHoldCo's stock jumped 10 percent on a 72 percent leap in Q1 profit.
Business

How Otedola’s bad-loan cleanup powered FirstHoldCo to $233m Q1 profit

FirstHoldCo's Q1 2026 profit jumped 72 percent to N321 billion, vindicating Femi Otedola's N830 billion bad-loan cleanup and lifting the bank above GTCO and Access.
Business

Sunbeth’s Owoyemi unveils cocoa, cashew plants for 2027

Olasunkanmi Owoyemi's Sunbeth Global Concepts will commission a 70,000-tonne cocoa plant and 80,000-tonne cashew facility in March 2027, deepening Nigeria's agro-processing capacity.
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LASUTH resident doctors launch indefinite strike over 25 months of unpaid allowances

Key points The LASUTH Association of Resident Doctors declared an indefinite strike from 8...
News

Aliko Dangote says N2.2 trillion refinery IPO will democratize wealth creation

Aliko Dangote says the N2.2 trillion Dangote refinery IPO will democratize wealth creation by giving Nigerians and global investors a stake in Africa's largest refinery.
News

ADC says it will beat APC in 2027 if the election is free and fair

ADC spokesman Bolaji Abdullahi says the opposition party will defeat the APC in a free and fair 2027 election and is ready to protect its votes.
News

Peter Obi’s certificates under scrutiny as suspended LP chieftain sues WAEC, UNN and NYSC

Labour Party chieftain Abayomi Arabambi has filed three Freedom of Information suits in Abuja seeking to compel WAEC, UNN and NYSC to release Peter Obi's certificate records.