Business & Economy
57 stories
Dangote Says Having a Son Is Not His Priority, Praises Three Daughters
Aliko Dangote says his three daughters have done exceptionally well and that having a male heir is not a priority. He also confirmed that one-third of his estate will go to the Dangote Foundation.
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Nigerian Stock Market Continues Bullish Trend with Significant Turnover Increase
The Nigerian equities market saw a significant increase in trading turnover, rising 77% as investor activity surged.
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Naira Shows Stability Against Dollar Amid Diverging Exchange Rates
The Nigerian naira remains stable against the dollar, trading at ₦1,326.30 officially, while parallel rates soar to ₦1,410.
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Federal Government Secures N729 Billion Bond to Address Power Sector Debts
The Federal Government has signed a N729 billion bond agreement to settle debts owed to electricity generation companies.
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MTN Nigeria Becomes First African Company to Attain EDGE Advance Certification
MTN Nigeria Communications Plc has attained EDGE Advance Certification, becoming the first organisation in Africa, the first in the global Communication Services sector and the third company worldwide to reach the certification level.
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NASD Plc Seeks Revenue Growth as Trading Volume Surges
NASD Plc is seeking to diversify its revenue streams after trading volume increased by 370.81 per cent. The exchange is expanding into digital securities, commercial paper and broader capital-formation services.
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Guyana's Oil Revenue Surges Amid Global Market Changes
Guyana's president reports a rise in oil revenue linked to shifts in global markets due to the Iran conflict.
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US to Eliminate Tariff on Irish Whisky, Announces Trump
Trump announces the removal of a 15% tariff on Irish whisky, building on a previous 5% reduction.
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Remita Approved as Digital Channel for Dangote Refinery IPO
Remita has joined the approved digital channels for the Dangote Refinery IPO, giving eligible investors another way to subscribe to the ₦2.15 trillion public offer.
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Nigerian Airlines Struggle Under Burden of Over 54 Taxes and Charges
Nigerian airlines face challenges from over 54 taxes and charges, impacting airfares and profit margins.
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Dangote Refinery Opens IPO for Investors on September 14
Dangote Petroleum Refinery is set to open its IPO on September 14, 2026, offering 4.1 billion shares at ₦525 each. Here is what investors need to know about the offer, minimum subscription, payment channels and the refinery's expansion plans.
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Nigeria Customs Service to Transition from Manual Cargo Inspections to Post Clearance Audits
The Nigeria Customs Service is adopting Post Clearance Audits (PCA) as part of efforts to modernise cargo inspection and reduce delays at the country’s ports. The approach will allow Customs to focus more closely on high-risk consignments while speeding up clearance for low-risk goods and improving trade efficiency.
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