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CardinalStone Seeks $120 Million for West Africa SMEs

CardinalStone is raising a $120 million fund to invest in profitable SMEs across West Africa, betting on mid-market businesses as the region’s next growth engine
News

Nigeria Pauses Sachet Alcohol Ban After SGF Directive

Nigeria has halted enforcement of the sachet alcohol ban after an SGF directive, pending consultations and a final government review.
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Dangote Warns Oil Theft Syndicates Outgun Drug Cartels

Dangote warns that Nigeria’s oil mafia rivals drug cartels, blaming refinery losses and pipeline sabotage for undermining energy security.
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Dangote Sets N739 Petrol Pump Price

Dangote sets petrol pump price at N739 per litre, warning marketers and regulators as refinery partners begin nationwide rollout after gantry price cuts
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Dangote Refinery Takes Second Ghana Crude Shipment

Dangote’s refinery shifts toward West African crude as repairs slow operations, pulling in Ghana’s Sankofa grade while Nigeria increases fuel imports
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Dangote Refinery Cuts Petrol Price to N699 Per Litre

Dangote Refinery cut its petrol price to N699 per litre, prompting quick adjustments across private depots as the fuel market reacts
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Dangote Plans Dollar Dividends for Nigerian Shareholders

Dangote outlines a dollar dividend plan as his refinery moves toward a major NGX listing backed by rising export revenue
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Pengassan, Dangote Rift Deepens Over Salary Freeze

The salary freeze on sacked engineers has widened the Pengassan–Dangote rift as both sides struggle to settle the dispute through dialogue
Business

Dangote Refinery Cuts Petrol Price to ₦828 per Litre

Dangote Refinery cuts petrol price to ₦828 per litre under a new NNPC crude deal, easing costs for marketers and consumers.
News

Tinubu’s 15% Fuel Tariff Sparks Public Outcry

The 15 percent fuel import tariff sparks nationwide concern as Nigerians brace for possible fuel price hikes and renewed inflation pressure.
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Dangote Refinery Boosts Petrol, Diesel Production Ahead of Festive Season

Dangote Refinery’s output exceeds demand, ensuring steady fuel supply and stable prices across Nigeria through Christmas and New Year.
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Dangote Plans $5 Billion Lagos Refinery Expansion To Boost Fuel Supply

Aliko Dangote plans to raise $5 billion to expand his Lagos refinery and boost Nigeria’s energy supply.
News

Otedola Celebrates Dangote’s $20 Billion Refinery

Femi Otedola praises Aliko Dangote’s $20 billion refinery expansion as a generational legacy reshaping Nigeria’s oil and energy landscape.
News

CBN Injects $1.25 Billion to Support Fuel Imports

The Central Bank of Nigeria disbursed $1.25 billion to petroleum marketers in the first quarter of 2025 to stabilise fuel import and supply
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News

CardinalStone Seeks $120 Million for West Africa SMEs

CardinalStone is raising a $120 million fund to invest in profitable SMEs across West Africa, betting on mid-market businesses as the region’s next growth engine
News

Nigeria Pauses Sachet Alcohol Ban After SGF Directive

Nigeria has halted enforcement of the sachet alcohol ban after an SGF directive, pending consultations and a final government review.
News

CBN Signals Higher Treasury Bill Rates After Bond Reset

Nigeria’s central bank prepares to lift Treasury bill rates after bond yields surge, signalling firmer monetary conditions and renewed focus on yield alignment.
News

EEDC Blames Power Supply Drop on Gas Shortages

EEDC says gas constraints disrupted generation, forcing load shedding and reducing electricity supply across the South-East as grid operators work to restore stability.

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