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News - Page 309

Ruto, AU Congratulate Abiy on Re-election as Ethiopian Prime Minister Begins Second Term

October 6, 2026

Ethiopian Prime Minister Abiy Ahmed began a second five-year term on Monday, Oct. 5, after the House of Peoples’ Representatives formally appointed him to lead the federal government, drawing congratulations from Kenya

Africa·Business News·Oil & Gas·Top Stories

Kenyan Investors Gain Access to Dangote Refinery IPO through GDRs

October 6, 2026

Kenyan investors will be able to participate in Dangote Petroleum Refinery & Petrochemicals’ Nigerian initial public offering through global depository receipts (GDRs), Kenya’s Capital Markets Authority said on Monday, opening a new

News

Nigeria Shifting From Oil Dependence As Non-oil Revenue Records Unprecedented Growth – Presidency

The presidency has said Nigeria is moving away from dependence on oil, as non-oil revenue has experienced an unprecedented growth in the last eight months of this year. A statement signed by the president’s spokesman, Bayo Onanuga, said it is a direct

September 4, 2025

Business News·News

FCCPC Cracks Down on Rogue Loan Apps with Landmark Regulations, ₦100m Penalties

The Federal Competition and Consumer Protection Commission (FCCPC) has launched a sweeping crackdown on rogue loan apps, unveiling landmark regulations that carry penalties of up to ₦100 million or 1% of turnover, and potential disqualification of directors for up to five years.

September 4, 2025

News

Nigeria’s Fiscal Landscape Transforms As Non-Oil Revenues Soar to Record Highs – Govt

Nigeria’s fiscal performance has reached unprecedented heights, driven by a significant surge in non-oil revenues, Presidential spokesman, Bayo Onanuga, said on Wednesday. The Presidency announced that the country’s non-oil collections have grown substantially, outpacing oil revenues and signaling a fundamental shift in

September 4, 2025

News

Tinubu Orders Enforcement of Mandatory Health Insurance Across MDAs

President Tinubu has directed the Secretary to the Government of the Federation (SGF) to issue a service-wide circular requiring all Ministries, Extra-Ministerial Departments, and Agencies (MDAs) to fully implement mandatory health insurance under the National Health Insurance Authority (NHIA) Act, 2022. The

September 3, 2025

Agro-Economy·Business News·News

Meet Nigeria’s New Cassava Queen

Ifeoma Okonkwo, CEO of Ifgreen Industries and Investments Ltd, has emerged overall winner of the 2025 National MSME Awards, receiving a prize package valued at ₦220 million. Her agribusiness, which transforms cassava into gluten-free flours and food-grade starch, won both the MSME

September 3, 2025

News

CBN’s Geo-Tagging Directive: A Threat to Nigeria’s Financial Inclusion?

Dr. Marcel Mbamalu The Central Bank of Nigeria’s recent directive to geo-tag all Point of Sale (POS) machines to a 10-meter accuracy has sparked concerns about the impact on financial inclusion, particularly in rural areas and informal communities. While the move aims

September 3, 2025

News

Sailing Home: Tinubu, Lula Join Forces with Soyinka to Heal the African Diaspora

Nigerian President Bola Ahmed Tinubu and Brazilian President Luiz Inácio Lula da Silva have thrown their weight behind the Heritage Voyage of Return initiative, a global movement aimed at reconnecting Afro-descendants with their ancestral homeland. The initiative, championed by The African Pride

September 3, 2025

News·Transport

Ogudu–Ifako Bridge Repairs Resume September 3 After Traffic Review

Repair work on the Ogudu–Ifako Bridge in Kosofe Local Government Area will resume on Wednesday, September 3, following adjustments to traffic management arrangements by the Lagos State Government. The project, which was suspended two weeks ago, was halted after severe gridlock and

September 3, 2025

Diaspora·News·Oil & Gas

US Prison Date Set for Ex-NNPC Official in $2.1m Bribe Scheme

A U.S. court has scheduled December 1 for the sentencing of Paulinus Okoronkwo, a former general manager of the Nigerian National Petroleum Corporation (NNPC)’s upstream division, who faces up to 25 years in prison after being convicted of accepting a $2.1 million

September 3, 2025

Business News·News·Transport

Air Peace, Ibom Air, Nigeria’s Aviation Market Under Siege: Foreign Airlines Rake in $1.7 Billion

The Nigerian aviation market has become a cash cow for foreign airlines, with 18 international carriers operating over 200 weekly flights and raking in an estimated $1.7 billion annually. This staggering revenue comes at a time when Nigerian airlines are struggling to

September 3, 2025

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Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Iran Conflict Pushes South African Fuel Prices Sharply Higher

South Africa will raise petrol prices by more than 11%

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

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News - Page 309

Ruto, AU Congratulate Abiy on Re-election as Ethiopian Prime Minister Begins Second Term

Kenyan Investors Gain Access to Dangote Refinery IPO through GDRs

Nigeria Shifting From Oil Dependence As Non-oil Revenue Records Unprecedented Growth – Presidency

FCCPC Cracks Down on Rogue Loan Apps with Landmark Regulations, ₦100m Penalties

Nigeria’s Fiscal Landscape Transforms As Non-Oil Revenues Soar to Record Highs – Govt

Tinubu Orders Enforcement of Mandatory Health Insurance Across MDAs

Meet Nigeria’s New Cassava Queen

CBN’s Geo-Tagging Directive: A Threat to Nigeria’s Financial Inclusion?

Sailing Home: Tinubu, Lula Join Forces with Soyinka to Heal the African Diaspora

Ogudu–Ifako Bridge Repairs Resume September 3 After Traffic Review

US Prison Date Set for Ex-NNPC Official in $2.1m Bribe Scheme

Air Peace, Ibom Air, Nigeria’s Aviation Market Under Siege: Foreign Airlines Rake in $1.7 Billion

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Ruto, AU Congratulate Abiy on Re-election as Ethiopian Prime Minister Begins Second Term

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Ruto, AU Congratulate Abiy on Re-election as Ethiopian Prime Minister Begins Second Term

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