Dangote Refinery Secures $2.5bn Equity Investment   Dangote Petroleum Refinery and Petrochemicals FZE has secured about $2.5bn in fresh capital through a private equity placement, in what the company described as Africa’s largest publicly disclosed primary equity private placement. The company disclosed this in a statement on...

Subsidised Imports Pose Threat to Nigeria’s Agriculture – FG   The Minister of Budget and Economic Planning, Abubakar Bagudu, has warned that subsidised imports and other global trade distortions pose a threat to Nigeria’s agricultural growth, calling for stronger collaboration among government, the private sector and...

Private Sector Credit Rises to N83.3tn on Lending Growth   Credit to Nigeria’s private sector increased to N83.3tn in June 2026, representing a 2.8 per cent month-on-month rise from N81tn in May, according to the latest Money and Credit Statistics released by the Central Bank of...

Naira Faces Downward Pressure as Fuel Importers Seek More Dollars   The naira is coming under renewed pressure against the United States dollar as fuel importers increase foreign exchange purchases to build inventories. Reuters reported on Thursday that the Nigerian currency, alongside those of Ghana and Uganda,...

Red Sea Tensions Push Crude Prices Above $100   Global oil prices climbed above $100 per barrel on Thursday for the first time in nearly two months after escalating attacks on commercial shipping in the Red Sea heightened fears of prolonged supply disruptions across key global...

Employers Kick Against FG’s Proposed Pension Contribution Hike   The Organised Private Sector of Nigeria (OPSN) has expressed deep concern over the recent announcement by the Director-General of the National Pension Commission (PenCom) regarding a proposed increase in mandatory pension contributions and the introduction of an...