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News - Page 10

Business News·Nigeria·Oil & Gas·Top Stories

NNPC Reports 33% Rise in Profit to ₦7.2tn Despite Revenue Decline

September 29, 2026

NNPC Ltd. reported a 33% increase in profit after tax to ₦7.2 trillion for the 2025 financial year, despite a 24% decline in revenue to ₦34.5 trillion, Group Chief Executive Officer Bayo

I’m Ready To Lose Money To Give Nigerians Cheap Fuel – Dangote

Africa·Business News·Top Stories

Dangote Says Lamu Refinery will Withstand Legal Challenge

September 29, 2026

Nigerian billionaire Aliko Dangote said on Tuesday that a legal challenge over land earmarked for his proposed oil refinery in Kenya would not derail the project, describing such disputes as a normal

News·Nigeria·Top Stories

SERAP Gives INEC Seven Days to Explain $95 Million in Flagged Spending

Nigerian civil society group, Socio-Economic Rights and Accountability Project (SERAP) has given the Independent National Electoral Commission (INEC), the country’s electoral body, seven days to explain more than 126 billion naira ($95 million) in spending flagged by the Auditor-General as irregular or

September 13, 2026

Africa·News·Politics

Ivory Coast Begins Final Wind-Down of Defunct Electoral Commission

Ivory Coast has begun winding up its former electoral commission, with a government-appointed liquidator tasked with settling staff claims, securing assets and clearing outstanding debts after the body was dissolved in May 2026. The Sept. 7 handover of the defunct Independent Electoral

September 12, 2026

Africa·News·Security·Top Stories

Niger Reshuffles Military Command after Thwarted Mutiny

Niger’s military ruler, General Abdourahamane Tiani, has named a new armed forces chief of staff, state television reported on Friday, weeks after a failed army mutiny exposed cracks in his hold on power. A decree signed on Sept. 11 appointed Brigadier

September 12, 2026

How 47 Million People Are At Risk of Food Crisis By Mid-2025 – ECOWAS

Africa·News·Top Stories

Hunger Deepens in Uganda’s Karamoja as Dry Spells, High Prices Hit Food Security

About 673,000 people in Uganda’s Karamoja region are facing crisis-level food insecurity or worse, the highest level recorded in the northeastern region since 2018, after poor rainfall damaged harvests and rising food prices squeezed household purchasing power, a food security assessment found.

September 12, 2026

News·Nigeria

EFCC, FBI Investigate Handling of U.S.-Funded HIV, TB Programme Funds in Nigeria

Nigeria’s Economic and Financial Crimes Commission (EFCC) and the U.S. Federal Bureau of Investigation (FBI) are examining how funds allocated to U.S.-supported HIV and tuberculosis programmes were handled, following the cancellation of some projects in 2025, officials said. The inquiry will seek

September 12, 2026

Switzerland Bans Sudan Gold Imports in Step With EU Sanctions

Switzerland has banned the purchase and import of gold originating in Sudan, aligning itself with European Union sanctions targeting a resource that has helped fund the country’s civil war, the Swiss government said. The Federal Council said the ban, which took effect

September 11, 2026

Africa·News·Top Stories

Zambia Cancels Passports of Six Government Critics Amid Post-Election Tensions

Zambia has cancelled the passports of six prominent government critics on national security grounds, amid heightened political tensions following President Hakainde Hichilema’s re-election, Prime Business Africa reports. The affected individuals are former ambassador to Ethiopia and former permanent representative to the

September 11, 2026

Business News·News·Nigeria

Dangote Moves to Protect Investors Ahead of Refinery IPO

Dangote Petroleum Refinery and Petrochemicals FZE has stepped up measures to protect prospective investors from fraud ahead of its planned initial public offering, approving 32 banks, fintech firms, mobile-money operators and investment platforms to handle share subscriptions. The refinery published the

September 11, 2026

Africa·News·Top Stories

Uganda Races to Mediate Tooro Succession Dispute as Queen Mother Alleges Palace Confinement

Uganda’s government is racing to mediate a bitter succession dispute in the Tooro Kingdom following the death of King Oyo Nyimba Rukidi IV, as a standoff within the royal family threatens to disrupt his burial scheduled for Saturday. The government has launched

September 11, 2026

Africa·News·Top Stories

Nigeria Parliament Suspends Official Visits to South Africa Over Attacks on Nigerians

Nigeria’s National Assembly has suspended official visits to South Africa and ordered lawmakers and parliamentary officials to boycott legislative activities hosted or organised by South African authorities, citing recurring attacks and hostility towards Nigerians and other African nationals, Prime Business Africa reports.

September 11, 2026

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India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

India and New Zealand’s free trade agreement (FTA) will take

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Shareholders in Nigeria’s industrial goods sector recorded massive returns in

Naira Weakens Against Dollar, Gains On Pound, Euro In Official Market

On Thursday, the official foreign exchange (FX) rate for the

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News - Page 10

NNPC Reports 33% Rise in Profit to ₦7.2tn Despite Revenue Decline

Dangote Says Lamu Refinery will Withstand Legal Challenge

SERAP Gives INEC Seven Days to Explain $95 Million in Flagged Spending

Ivory Coast Begins Final Wind-Down of Defunct Electoral Commission

Niger Reshuffles Military Command after Thwarted Mutiny

Hunger Deepens in Uganda’s Karamoja as Dry Spells, High Prices Hit Food Security

EFCC, FBI Investigate Handling of U.S.-Funded HIV, TB Programme Funds in Nigeria

Switzerland Bans Sudan Gold Imports in Step With EU Sanctions

Zambia Cancels Passports of Six Government Critics Amid Post-Election Tensions

Dangote Moves to Protect Investors Ahead of Refinery IPO

Uganda Races to Mediate Tooro Succession Dispute as Queen Mother Alleges Palace Confinement

Nigeria Parliament Suspends Official Visits to South Africa Over Attacks on Nigerians

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Wealth Without Access is Stranded Wealth – Opiva Capital Chairman

NNPC Reports 33% Rise in Profit to ₦7.2tn Despite Revenue Decline

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Naira Weakens Against Dollar, Gains On Pound, Euro In Official Market

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