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News - Page 5

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

NMDPRA Orders Nationwide Pump Checks Over Fuel Under-Dispensing

Nigeria’s petroleum regulator has ordered fuel stations nationwide to immediately calibrate and verify their dispensing equipment after detecting cases of under-dispensing of petroleum products to consumers, Prime Business Africa reports. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said it

September 22, 2026

Business News·Nigeria·Top Stories

CBN cuts MPR to 23% as MPC Recalibrates Policy Corridor

Nigeria’s central bank cut its benchmark interest rate by 350 basis points to 23% on Tuesday, while recalibrating the Standing Facilities Corridor as it adjusted its monetary policy implementation framework, Prime Business Africa reports. Central Bank of Nigeria Governor Olayemi Cardoso announced

September 22, 2026

Labour·News·Top Stories

UK Drops Nigeria, Ghana From England’s Direct QTS Route Over Verification Concerns

Britain has removed Nigeria and Ghana from the direct route to Qualified Teacher Status (QTS) in England, citing difficulties in verifying the employment histories and professional standing of teachers applying from the two countries. The change took effect on Wednesday, Sept. 9,

September 22, 2026

Africa·News·Politics·Top Stories

South Sudan President Signs Election Law Ahead of December Vote

South Sudan President Salva Kiir has signed amendments to the country’s election law, removing requirements that national elections be preceded by completion of a permanent constitution and a national census. Kiir signed the National Elections Act, 2012, Amendment Bill, 2026, on Monday,

September 22, 2026

Umahi Condemns Vandalisation Of Second Niger Bridge Moves To Beef Up Security

News·Nigeria·Transport

Lagos-Calabar Highway Faces Shutdown Over Speeding, Vandalism, Safety Breaches

Nigeria’s government has given road users on the Lagos section of the Lagos-Calabar Coastal Highway two weeks to comply with safety regulations or face closure, citing speeding, vandalism and other violations. Federal Controller of Works in Lagos Olufemi Dare issued the

September 22, 2026

Africa·News·Oil & Gas·Top Stories

DR Congo Turns to Nigeria for Oil and Gas Local Content Lessons

A delegation from the Democratic Republic of Congo has begun a study tour of Nigeria’s oil and gas local content framework, with engagements planned with the Nigerian Content Development and Monitoring Board (NCDMB) and other industry institutions, Prime Business Africa reports.

September 22, 2026

Africa·Business News·Oil & Gas·Top Stories

Ruto, Dangote Discuss Financing for $17 Billion Kenya Refinery Project

Kenyan President William Ruto met Nigerian industrialist Aliko Dangote and Africa Finance Corporation (AFC) President Samaila Zubairu in New York on Monday, September 21, 2026 to discuss financing and preparations for a proposed oil refinery in Kenya’s coastal Lamu region, Prime Business

September 21, 2026

Business News·Markets·Top Stories·World News

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

India and New Zealand’s free trade agreement (FTA) will take effect on Oct. 20, giving Indian exporters duty-free access to the New Zealand market and deepening economic ties between the two countries. India’s Minister of Commerce Piyush Goyal announced the implementation date

September 21, 2026

Africa·News·Power·Top Stories

Kenya Power Customers Face Higher Bills as EPRA Adds KSh4.16 Per Unit

Kenya Power customers will pay more for electricity in September after the Energy and Petroleum Regulatory Authority (EPRA) imposed KSh4.1591 per kilowatt-hour in additional pass-through charges, increasing costs for households and businesses, Prime Business Africa reports. A customer consuming 100 kWh during

September 21, 2026

Politics·Top Stories·World News

Australia Launches Bid for UN Security Council Seat for 2029-30

Australia has launched its campaign for a seat on the United Nations Security Council for 2029-2030, seeking a return to the council as geopolitical tensions and global security challenges intensify. Prime Minister Anthony Albanese announced the bid in New York during

September 21, 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 5

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

Dangote Says Lamu Refinery will Withstand Legal Challenge

NMDPRA Orders Nationwide Pump Checks Over Fuel Under-Dispensing

CBN cuts MPR to 23% as MPC Recalibrates Policy Corridor

UK Drops Nigeria, Ghana From England’s Direct QTS Route Over Verification Concerns

South Sudan President Signs Election Law Ahead of December Vote

Lagos-Calabar Highway Faces Shutdown Over Speeding, Vandalism, Safety Breaches

DR Congo Turns to Nigeria for Oil and Gas Local Content Lessons

Ruto, Dangote Discuss Financing for $17 Billion Kenya Refinery Project

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

Kenya Power Customers Face Higher Bills as EPRA Adds KSh4.16 Per Unit

Australia Launches Bid for UN Security Council Seat for 2029-30

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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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