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Nigeria Moves To Curb Honorary Degree Abuse

Nigeria tightens oversight of honorary doctorate awards as the NUC exposes illegal institutions, cash-for-title deals, and violations of long-standing academic guidelines
Business

Dangote’s Net Worth Falls as Cement Shares Drop

Dangote’s wealth slips by $1.4 billion as cement shares fall, tightening his yearly gains despite aggressive expansion across multiple African markets.

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Business

NAFDAC Seals Illegal Factories, Arrests Chemical Producer in Abuja

NAFDAC arrests chemical producer and seals illegal water and rice factories in Abuja amid safety crackdown.
Business

Custodian Investment’s Stock Surge Lifts Wole Oshin’s Stake

Custodian Investment stock surge lifts Wole Oshin’s stake to $43 million, reflecting strong investor confidence in Nigeria’s insurance sector.
Business

Dangote Refinery Halts Gasoline Unit After Technical Glitch

The $20B Dangote Refinery halted its gasoline unit after technical faults, delaying U.S. exports and pushing up refining margins in the Atlantic Basin.
Business

TY Danjuma’s South Atlantic Petroleum Signs $10 Million Oil Deal

TY Danjuma’s South Atlantic Petroleum signs $10 million deepwater oil deal with NUPRC and TotalEnergies, boosting Nigeria’s upstream sector.
Business

Air Peace And Embraer Will Build A Maintenance Hub In Lagos

Air Peace and Embraer are working together to create a repair hub in Lagos. This will lower the cost of servicing planes from other countries and allow direct flights between Nigeria and Brazil starting in 2025.
Business

Access Holdings Appoints Innocent Ike as Group CEO

Access Holdings appoints Innocent Ike as Group CEO after regulatory approval, with Bolaji Agbede returning to her executive director role.
Business

Tinubu Halts Raw Shea Exports to Spur Local Processing

Nigeria suspended raw shea exports to expand local processing, create jobs, and capture more value in the $6.5 billion global shea market.
Business

Dangote Refinery and Japan’s Mitsui Signed A Petrochemicals Deal

Dangote refinery enters a contract with Mitsui to increase Nigeria's petrochemicals, focusing on resins, plastics, and fertilizers, while lowering Africa's expensive imports.
Business

Dangote Tops Forbes List as Africa’s Richest Man

Dangote tops Forbes list with $24.4 billion, cementing his 14-year reign as Africa’s richest man and outpacing rivals across the continent.
Business

NNPC, Gas Suppliers Sign 20-Year Agreement With NLNG

NNPC and partners sign 20-year supply agreements with NLNG to secure Feedgas, strengthen energy future, and ensure fairness in gas pricing
Business

Taiwo Afolabi’s SAHCO Investment Hits $48 Million

KEY POINTS Taiwo Afolabi owns 60.76 percent of SAHCO, which is now valued $48.24...
Business

Lafarge Africa’s Profits in The Second Quarter Rose To 248 Percent

Lafarge Africa's profits in the second quarter of 2025 rose by 248% thanks to a 70% rise in sales and better operational efficiency.
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News

Nigeria Moves To Curb Honorary Degree Abuse

Nigeria tightens oversight of honorary doctorate awards as the NUC exposes illegal institutions, cash-for-title deals, and violations of long-standing academic guidelines
Business

Dangote’s Net Worth Falls as Cement Shares Drop

Dangote’s wealth slips by $1.4 billion as cement shares fall, tightening his yearly gains despite aggressive expansion across multiple African markets.
Business

Leadway’s Full Takeover of PAL Pensions Wins Final Approval

Leadway completes its acquisition of PAL Pensions after regulatory approval, setting the stage for wider reach, stronger governance and enhanced pension services.
News

ECOWAS Commission Warns Terrorism Threatens West Africa

ECOWAS Commission President Touray warns rising terrorism in West Africa threatens regional stability, urging coordinated action with UN and regional partners.

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