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GTCO’s Agbaje built a bank he barely owns

Guaranty Trust Holding Company posted profit before tax of N1.23 trillion and declared its most generous dividend since listing for 2025, giving CEO Segun Agbaje a N410 million gross payout.
News

World Bank approves $500m for Nigeria smallholder farmers

The World Bank has approved $500 million in Nigeria agriculture funding through its International Development Association arm, backing the AGROW project to boost smallholder productivity, strengthen market linkages and improve food security.
Business

Dangote Plans to List Up to 10 Percent of Refinery Shares

Aliko Dangote plans to list refinery shares and expand output to 1.4 million barrels per day through global partnerships and investment.
News

SERAP Demands Probe Into Missing N500bn Oil Funds

SERAP has asked the Nigerian National Petroleum Company Limited to account for a missing N500 billion and involve anti-corruption agencies in investigating the matter, citing a World Bank report.
Business

NNPC and Dangote Collaboration to Boost Nigeria’s Oil Sector

Following a months-long standoff, NNPC and Dangote refinery have finally agreed to work together to achieve Nigeria’s energy security and economic development.
Business

NNPC Announces Petrol Price Reduction Across Major Nigerian Cities

KEY POINTS NNPC reduces petrol prices to N880/litre in Lagos and N935/litre in Abuja, marking the first...
News

President Tinubu Appoints Ojulari as New NNPC Group CEO

KEY POINTS President Tinubu replaces NNPC's entire leadership team, appointing Bayo Ojulari to drive...
News

All You Need to Know About New NNPC GCEO Ojulari

KEY POINTS President Tinubu’s dissolution of NNPCL’s board and appointment of Ojulari underscores a...
Business

NNPC Denies Terminating Crude Oil Deal with Dangote Refinery

KEY POINTS NNPC clarified that its six-month crude oil sales agreement with Dangote Refinery...
News

Marketers Face Losses as Dangote Refinery Slashes Fuel Prices

The reduction of PMS price to N890 causes concern for marketers at Dangote refinery.
News

Petrol Crisis Worsens as Stations Run Dry

The petrol shortage crisis in Nigeria worsens with more stations closing and prices soaring. Long queues and high costs hit Lagos and Abuja hard.
News

Petrol Imports from Malta Surge 342% Amid Dangote, NNPC Rift

Nigeria's petrol imports from Malta have surged by 342% amid a rift between Dangote and NNPC. The increase underscores the need for reforms in the energy sector.
News

NNPC Holds 7.2% Stake in Dangote Refinery, Not 20%: Dangote

Aliko Dangote reveals that NNPC holds a 7.2% stake in the Dangote Refinery, correcting earlier reports of a 20% stake and highlighting the project's significance.
News

Nigeria’s Gas Exports Drop 25% Amid Low Output and Market Exits

Nigeria's gas exports have fallen by 25% due to low production and market exits, posing significant challenges for the economy and its global energy market role.
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Business

GTCO’s Agbaje built a bank he barely owns

Guaranty Trust Holding Company posted profit before tax of N1.23 trillion and declared its most generous dividend since listing for 2025, giving CEO Segun Agbaje a N410 million gross payout.
News

World Bank approves $500m for Nigeria smallholder farmers

The World Bank has approved $500 million in Nigeria agriculture funding through its International Development Association arm, backing the AGROW project to boost smallholder productivity, strengthen market linkages and improve food security.
News

Detained Nigeria coup officers’ families protest at NASS

Scores of children and wives of military officers detained over an alleged Nigeria coup plot staged a peaceful protest at the National Assembly on Wednesday, demanding a speedy trial or the release of their loved ones.
News

CBN closes bank recapitalization with N4.65trn fresh capital

The Central Bank of Nigeria has concluded the Nigeria bank recapitalization programme, with 33 deposit money banks raising a combined N4.65 trillion in fresh capital over 24 months.

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