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Dangote Refinery Prices, Import Surge Highlight Market Tensions

Industry data suggest that delays in adjusting Dangote Refinery’s petrol depot price contributed to a surge in fuel imports by marketers in November 2025. Analysis of the pricing data shows that under an October agreement, the refinery limited direct sales to independent

January 11, 2026

Business·Markets·Power·Top Stories

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity plants, has drawn attention after politically connected figures assumed top positions. Billionaire Femi Otedola sold his controlling stake to Abuja-based Ma’am Energy Limited for $700–$750 million. Senator Abdulaziz Yari was subsequently appointed

January 11, 2026

Business·News·Top Stories

China–Nigeria Trade Reaches $22.3bn, Beijing Says

Trade between China and Nigeria reached $22.3bn in the first ten months of 2025, China’s consul-general in Lagos has said. Yan Yuqing told a media forum in Lagos that the figure represented a 30% increase compared with the same period last year.

January 9, 2026

Business·News·Top Stories·Transport

$9.5m UK Loot Earmarked for Completion of Abuja–Kano Road

More than $9.5m recovered from corruption-linked funds in the UK will be used to complete sections of the Abuja–Kano Road, Nigerian and Jersey authorities have said. The money, held in a bank account in Jersey, was forfeited after a court ruled that

January 9, 2026

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 9th September 2025

Business·Top Stories

Traders Exchange Dollar At N1,424/$, N1,477/$ In Official, Black Markets

On Friday, January 9, the United States dollar (USD) appreciated in value by 0.24 percent as the rate in the Nigerian foreign exchange market (NFEM) increased by N3.5 kobo. In the NFEM, also known as the official window, the exchange rate for

January 9, 2026

John Holt, CWG, Others End Nigerian Stock Market Losing Streak With N141.70bn Gain

Business·Top Stories

NGX Market Cap Up By N953.69bn To N103.77trn

The market capitalisation of the Nigerian Exchange (NGX) increased by N953.69 billion to N103.77 trillion on Friday, January 9. It grew from the N102.82 trillion reported by the NGX on Thursday, January 8. The NGX, also known as the Nigerian stock market,

January 9, 2026

Forbes List: Dangote Reclaims Richest African Title From South Africa's Johann Rupert

Business·Top Stories

Aliko Dangote Made N2.28trn From Nigerian Stock Market In 2025

Aliko Dangote, the richest man in Nigeria and Africa, recorded N2.28 trillion gain on the Nigerian Exchange (NGX), also known as the stock market, between January and December 2025, according to Prime Business Africa’s (PBA) analysis. Dangote, who is also the richest

January 9, 2026

Business·FEATURES

Fueling Goes Digital: AA Rano Ushers in Nigeria’s First Unmanned Fuel Stations

In the predawn stillness of Nigerian cities, a quiet revolution is unfolding at the nation’s fuel stations. No attendants greet motorists, no handwritten receipts exchange hands. Instead, drivers pull in, tap a screen, pay digitally, and watch fuel dispense precisely measured, transparently

January 9, 2026

Business·News·Technology·Top Stories

Nigerians to Receive Immediate Refunds for Failed Telecom Transactions

Nigerian telecom users will begin receiving automatic refunds for failed airtime and data purchases under a new framework introduced by the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN). The policy, which takes effect from 1 March 2026, requires

January 8, 2026

NAF Confirms Crash Of Helicopter Targeting Oil Thieves In Port Harcourt

Business·News·Top Stories

Nigeria to Spend $455m on Attack Helicopters from US

By Prosper Okoye Nigeria is set to acquire 12 AH-1Z attack helicopters from the United States in a deal worth $455 million (about ₦200 billion), Prime Business Africa gathered. The Chief of the Air Staff, Air Marshal Sunday Aneke, is in the

January 8, 2026

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Top Stories

Black Market’s Dollar Rate Increases To N1,478/$

The Nigerian foreign exchange market (NFEM), also known as the official window, recorded no changes in the foreign exchange (FX) rate for the United States dollar (USD) on Thursday, January 8. According to NFEM data provided by the Central Bank of Nigeria

January 8, 2026

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Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

GivTrade Secures UAE SCA Category 5 Licence

GivTrade, an international multi-asset brokerage providing access to global markets

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

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Business

Dangote Refinery Prices, Import Surge Highlight Market Tensions

Behind the Geregu Power Sale: Politics and a $750m Deal

China–Nigeria Trade Reaches $22.3bn, Beijing Says

$9.5m UK Loot Earmarked for Completion of Abuja–Kano Road

Traders Exchange Dollar At N1,424/$, N1,477/$ In Official, Black Markets

NGX Market Cap Up By N953.69bn To N103.77trn

Aliko Dangote Made N2.28trn From Nigerian Stock Market In 2025

Fueling Goes Digital: AA Rano Ushers in Nigeria’s First Unmanned Fuel Stations

Nigerians to Receive Immediate Refunds for Failed Telecom Transactions

Nigeria to Spend $455m on Attack Helicopters from US

Black Market’s Dollar Rate Increases To N1,478/$

Featured Stories

Dangote Refinery Prices, Import Surge Highlight Market Tensions

Behind the Geregu Power Sale: Politics and a $750m Deal

Chimamanda Adichie Speaks After Son’s Death, Alleges Negligence at Lagos Hospital

Nigerian Court Halts Doctors’ Strike as Government Makes Payment Claim

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Dangote Refinery Prices, Import Surge Highlight Market Tensions

Behind the Geregu Power Sale: Politics and a $750m Deal

Otti Dismisses Opposition Alliance as ‘Empty Noise,’ Urges Focus on Governance

Bandits’ Threat Letter Sparks Fear in Oyo Community as Police Boost Security

Behind the Geregu Power Sale: Politics and a $750m Deal

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

GivTrade Secures UAE SCA Category 5 Licence

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

Dangote Refinery Prices, Import Surge Highlight Market Tensions

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