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News - Page 2

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·Oil & Gas·Top Stories

Nigeria’s Oil and Gas Local Content Rises to 61% from 5% in 2010 – NCDMB

Nigeria’s local content in the oil and gas industry has risen to 61% from about 5% since the country enacted legislation in 2010 to increase indigenous participation in the sector, the Nigerian Content Development and Monitoring Board (NCDMB) said. The milestone was

September 28, 2026

News·Nigeria·Politics·Top Stories

INEC Reaffirms Neutrality Ahead of 2027 Elections

Nigeria’s electoral commission has no preferred candidate or political party for the 2027 general election, its chairman, Joash Amupitan, said on Sunday, reaffirming the commission’s commitment to neutrality, fairness and transparency, Prime Business Africa reports. “We have no candidates, we have no

September 28, 2026

Africa·Business News·Top Stories

Ghana Borrowing Costs Slide as Monetary Easing Drives Lending Rates to 15.9%

Ghana’s average bank lending rate fell to 15.94% in August from 24.15% a year earlier, extending a sharp decline in borrowing costs as easier monetary conditions increasingly filter through the banking system, Bank of Ghana data showed. The 8.21 percentage-point decline represents

September 28, 2026

News·Nigeria·Top Stories

Nigeria Approves Upgrade of Onne, Rivers, Delta and Calabar Ports

Nigeria’s federal government has approved the comprehensive modernisation and upgrade of Onne, Rivers, Delta and Calabar ports as part of efforts to expand maritime capacity and reduce pressure on the country’s main ports in Lagos, Prime Business Africa reports. Minister of Marine

September 27, 2026

SERAP Sues 36 State Govs, Demands Transparency On N72bn Palliative Spending

News·Nigeria·Top Stories

SERAP Gives CBN Seven Days to Account for $6.23m Election Payment, ₦1.63trn Funds

The Socio-Economic Rights and Accountability Project (SERAP) has given the Central Bank of Nigeria (CBN) and its Governor, Olayemi Cardoso, seven days to account for $6.23 million linked to an alleged election-funding payment and more than ₦1.63 trillion in other public funds

September 27, 2026

News·Nigeria·Top Stories·Transport

Air Peace Blames Abuja-Maiduguri Cancellation on Fuel Shortage, Sunset Restrictions

Air Peace said on Sunday that a shortage of Jet A1 aviation fuel at Abuja’s Nnamdi Azikiwe International Airport caused initial delays to its operations, while its Abuja-Maiduguri service was later cancelled because the flight could not operate beyond sunset. The airline

September 27, 2026

Africa·News·Top Stories

Uganda Defence Chief Orders Ministers to Seek Clearance Before Foreign Travel

Uganda’s Chief of Defence Forces Gen. Muhoozi Kainerugaba said on Saturday that all ministers must notify him and obtain his clearance before travelling abroad, after questioning Hon. Haruna Kyeyune Kasolo, Minister of State for Foreign Affairs in charge of Regional Cooperation, over

September 26, 2026

Africa·Business News·Insights

Ruto Signals Deeper AFC Role in Kenya’s Lamu Refinery Push

Kenya has increased its shareholding in the Africa Finance Corporation (AFC) by $25 million (3.25 billion shillings), President William Ruto said on Saturday during a visit to the pan-African lender’s headquarters in Lagos, as Nairobi seeks financing for major infrastructure and industrial

September 26, 2026

Stop Intimidating Us, Taiwan's New President Tells China

Taiwan Presses for $14 Bln U.S. Arms Package After Trump-Xi Summit

Taiwan is pressing Washington to advance a long-delayed arms package worth about $14 billion, with Deputy Foreign Minister François Wu saying continued U.S. support for the island’s defence and semiconductor industry also serves American interests. Wu spoke after U.S. President Donald Trump

September 26, 2026

Africa·Events & Opportunities·Insights·News·Top Stories

Moghalu Urges USIU-Africa Graduates to Embrace Lifelong Learning Amid AI Disruption

Former Central Bank of Nigeria Deputy Governor Kingsley Moghalu on Saturday urged university graduates in Kenya to embrace lifelong learning and continually update their skills as artificial intelligence and automation reshape the workplace, Prime Business Africa reports. Moghalu, speaking at the 48th

September 26, 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 2

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

Dangote Says Lamu Refinery will Withstand Legal Challenge

Nigeria’s Oil and Gas Local Content Rises to 61% from 5% in 2010 – NCDMB

INEC Reaffirms Neutrality Ahead of 2027 Elections

Ghana Borrowing Costs Slide as Monetary Easing Drives Lending Rates to 15.9%

Nigeria Approves Upgrade of Onne, Rivers, Delta and Calabar Ports

SERAP Gives CBN Seven Days to Account for $6.23m Election Payment, ₦1.63trn Funds

Air Peace Blames Abuja-Maiduguri Cancellation on Fuel Shortage, Sunset Restrictions

Uganda Defence Chief Orders Ministers to Seek Clearance Before Foreign Travel

Ruto Signals Deeper AFC Role in Kenya’s Lamu Refinery Push

Taiwan Presses for $14 Bln U.S. Arms Package After Trump-Xi Summit

Moghalu Urges USIU-Africa Graduates to Embrace Lifelong Learning Amid AI Disruption

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