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News - Page 16

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

What To Do If Your Uber Driver Charges ₦k And Above This Christmas, New Year

Business News·Top Stories·World News

Uber to Cut About 10% of Global Workforce in Major Restructuring

Uber will cut about 10% of its global workforce as part of a major restructuring aimed at reducing management layers, consolidating teams and redirecting resources towards growth and future technologies, the company said. In a Wednesday, Sept. 2, 2026 message to employees,

September 3, 2026

Africa·News·Politics

Uganda Army Chief Declares Bid for 2031 Presidency

Uganda’s Chief of Defence Forces, General Muhoozi Kainerugaba, has formally declared his intention to run for president in 2031, his political movement said. David Kabanda, head of the chairman’s office of the Patriotic League of Uganda (PLU), announced the decision at a

September 2, 2026

Kenyan Protests: President Ruto Dissolves Cabinet

Africa·Business News·News·Top Stories

Ruto Cuts Kenya Cargo Benchmark, Rail Charges After Trader Protests

Kenyan President William Ruto on Wednesday ordered a reduction in the customs benchmark for consolidated cargo and sharply lower rail freight charges after protests by small-scale traders over increased import costs, Prime Business Africa reports. Ruto said the benchmark for general

September 2, 2026

News·Nigeria·Top Stories·Transport

Uber Exits Nigeria After 12 Years

Uber will end its ride-hailing operations in Nigeria on Wednesday after 12 years in the country, bringing its operations in one of Africa’s largest ride-hailing markets to a close. The company, which launched in Lagos in 2014 and later expanded to other

September 2, 2026

News·Top Stories·World News

Xi’s Egypt Visit Puts Chinese investment, Suez Canal Ambitions in Focus

Chinese President Xi Jinping arrived in Egypt on Tuesday for his first visit in a decade, highlighting Beijing’s expanding investment and security ties with Cairo and its growing presence around the Suez Canal. Egyptian President Abdel Fattah al-Sisi welcomed Xi at Cairo

September 2, 2026

Africa·Finance & Economy·News

MTN Chairman Urges Africa to Process Critical Minerals Locally as Demand Grows

Africa must use its critical-mineral wealth to develop local processing and manufacturing industries rather than remain primarily an exporter of raw materials, MTN Group Chairman Mcebisi Jonas said. Jonas said African countries could retain more economic value from their mineral resources

September 2, 2026

IMF Sympathises With Victims Of Kenya Anti-tax Protest

Africa·Business News·News·Top Stories

Senegal, IMF Reach $2.2 Billion Staff-level Agreement After Hidden Debt Crisis

Senegal has reached a staff-level agreement with the International Monetary Fund for a proposed $2.2 billion lending programme, nearly two years after a debt misreporting scandal forced the suspension of an earlier deal. The agreement follows an IMF mission led by Mercedes

September 2, 2026

Petrol Price Drops To N925 At Private Depots, Marketers Count Losses

News·Nigeria·Oil & Gas·Top Stories

Nigeria Labour Congress Rejects Petrol Price Hike, Questions Crude Supply to Dangote

The Nigeria Labour Congress (NLC) has rejected the latest increase in petrol prices, describing it as “avoidable and unacceptable” and questioning why the Federal Government has not ensured greater supplies of Nigerian crude to the Dangote Petroleum Refinery, Prime Business Africa reports.

September 2, 2026

CPPE Highlights What Must Be Done To Sustain Disinflation In Nigeria

Business News·News·Nigeria·Top Stories

Nigeria’s Q2 Growth Hits Five-Year High, Raising Stakes for Jobs, Investment

Nigeria’s economic growth accelerated to 4.43% in the second quarter, its strongest quarterly expansion in five years, but the improvement needs to translate into more jobs, investment and higher household incomes, the Centre for the Promotion of Private Enterprise said on Tuesday.

September 1, 2026

Africa·Business News·Top Stories

Ghana Receives $35 Million Dividend from Perseus Mining

Ghana has received a $35 million dividend from Perseus Mining Ghana Ltd, seven times the amount paid to the state last year, as the government seeks to increase its returns from the country’s mineral resources, Prime Business Africa reports. The dividend, equivalent

September 1, 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 16

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

Dangote Says Lamu Refinery will Withstand Legal Challenge

Uber to Cut About 10% of Global Workforce in Major Restructuring

Uganda Army Chief Declares Bid for 2031 Presidency

Ruto Cuts Kenya Cargo Benchmark, Rail Charges After Trader Protests

Uber Exits Nigeria After 12 Years

Xi’s Egypt Visit Puts Chinese investment, Suez Canal Ambitions in Focus

MTN Chairman Urges Africa to Process Critical Minerals Locally as Demand Grows

Senegal, IMF Reach $2.2 Billion Staff-level Agreement After Hidden Debt Crisis

Nigeria Labour Congress Rejects Petrol Price Hike, Questions Crude Supply to Dangote

Nigeria’s Q2 Growth Hits Five-Year High, Raising Stakes for Jobs, Investment

Ghana Receives $35 Million Dividend from Perseus Mining

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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

Dangote Says Lamu Refinery will Withstand Legal Challenge

South Africa Q2 FDI surges 145% Despite Economic Contraction

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

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

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

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

Wealth Without Access is Stranded Wealth – Opiva Capital Chairman

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News - Page 16

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