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Dangote and Benedict Peters Emerge as Biggest Winners of Hormuz Crisis

KEY POINTS The Hormuz crisis has tightened global oil supply, increasing demand for Nigerian crude and refined products. Dangote Refinery and Aiteo, led by Aliko Dangote and Benedict Peters, are emerging as major beneficiaries of the shift. Nigeria’s production gains are being undermined by...
Politics

Omo-Agege Dumps APC, Joins NDC for 2027 Senate Race

KEY POINTS Senator Ovie Omo-Agege has joined the NDC and declared for the Delta Central Senate seat ahead of the 2027 elections. He accused past Delta administrations of failing to convert oil wealth into meaningful development for residents. The NDC described his defection as...

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Business

Dangote Refinery Puts Nigeria First as Oil Hits $100

Dangote Refinery pledged Monday to put Nigeria's domestic fuel market first as the Middle East war pushed crude oil above $100 a barrel.
Business

Dangote Refinery Slashes Petrol Price by ₦100 to ₦1,075 per Litre Amid Falling Global Oil Prices

KEY POINTS Dangote Refinery reduced petrol price by ₦100, bringing the ex-gantry rate down...
Business

Dangote Refinery Raises Petrol Ex-Depot Price to N1,175

KEY POINTS Dangote Refinery increased its petrol ex-depot price to N1,175 per litre and...
Business

Fidson, NREIT Listings Lift NGX Weekly Turnover

Two new listings lifted Nigeria's stock market last week as NGX weekly turnover reached $127.9 million despite softer volume numbers.
Business

Nigeria Earns $21.87 Billion From EU Trade but Sells Mostly Oil

Nigeria traded $21.87 billion with the EU in 2024, but non-oil goods accounted for just 10 percent of that figure.
Business

Moni Pulo Marks 12 Years, CEO Eyes Gas Growth in Niger Delta

Nigerian indigenous oil producer Moni Pulo marked 12 years of corporate worship services as its CEO announced gas development plans and called it a season of increase.
Business

Dangote Cement Signs $1bn Deal to Hit 80M Tonnes by 2030

Dangote Cement signed a $1 billion deal with China's Sinoma Engineering to expand production across seven African countries, targeting 80 million tonnes per year by 2030.
Business

John Dale and Lawrence Oyor Launch KwikPort to Expand African Access to Global Trade

Entrepreneurs John Dale and Lawrence Oyor launch KwikPort to help African exporters access verified international demand and simplify logistics in Nigeria’s non oil trade
Business

World Bank Warns Nigeria, Other Developing Nations of Looming Jobs Crisis

KEY POINTS The World Bank warns that 1.2 billion young people will enter the...
Business

Aig-Imoukhuede Foundation Opens Oxford Program Applications

The Aig-Imoukhuede Foundation is accepting applications for its sixth Oxford-backed public leadership cohort, fully funding African civil servants through a six-month program.
Business

United Capital Grows Revenue 35 Percent to N58.55bn in 2025

United Capital Plc grew revenue 35% to N58.55 billion in 2025, its strongest annual performance on record, as trading income and fees accelerated sharply.
Business

NPA Cargo Hits 129.3M Metric Tons in Record 2025

Nigeria's ports moved 129.3 million metric tons in 2025, the biggest annual cargo haul in the country's maritime history.
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News

Dangote and Benedict Peters Emerge as Biggest Winners of Hormuz Crisis

KEY POINTS The Hormuz crisis has tightened global oil supply, increasing demand for Nigerian...
Politics

Omo-Agege Dumps APC, Joins NDC for 2027 Senate Race

KEY POINTS Senator Ovie Omo-Agege has joined the NDC and declared for the Delta...
Politics

NDC Denies Fake Primary Results, Confirms May 29 Election Holds

KEY POINTS The NDC has denied viral reports claiming primary election results have already...
Politics

Makinde Endorses APM Candidate Adekanmbi for Oyo 2027 Governorship

KEY POINTS Seyi Makinde openly endorsed Bimbo Adekanmbi as his preferred successor for the...