Business

AFC grants Dangote Group $600m loan for fertiliser expansion

The Dangote Group has secured a $600 million loan from the Africa Finance Corporation to expand its fertiliser production capacity,…

2 weeks ago

Dangote to build Nigeria’s largest free trade zone in Ondo

The President and Chief Executive Officer of Dangote Group, Aliko Dangote, says the Olokola Free Trade Zone (OKFTZ) in Ondo…

2 weeks ago

FAAC shares N2.257trn April revenue to FG, states, LGs

The Federation Account Allocation Committee (FAAC) has distributed N2.257 trillion to the Federal Government, States, and the Local Government Councils…

2 weeks ago

Nigeria’s inflation rate hits 15.93%

The National Bureau of Statistics (NBS) on Monday announced that Nigeria’s headline inflation rate rose to 15.93 per cent in…

2 weeks ago

Gas market grows 30% under PIA reforms

Nigeria’s domestic gas market recorded a nearly 30 per cent increase in sales between January 2022 and January 2025, driven…

2 weeks ago

Nigerians, others borrowed N4.6trn airtime on credit in 2025

Mobile phone users in Nigeria and other emerging markets borrowed airtime worth about $3.18 billion (approximately N4.61 trillion) on credit…

2 weeks ago

Fire razes mechanic workshop, destroys four vehicles in Oyo

A fire outbreak on Saturday night destroyed four vehicles and a container at a mechanic workshop on Togunde Street in…

2 weeks ago

Weekly review: NGX investors gain N1.38trn as market cap rises to N156trn

Investors gained N1.376 trillion in market value during the week, as the Nigerian Exchange Limited (NGX) market capitalisation rose from…

3 weeks ago

US clears Paramount’s $111bn Warner Bros takeover

The United States Justice Department has cleared Paramount Skydance's $111 billion takeover of Warner Bros. Discovery. The Antitrust Division approved…

3 weeks ago

NGX seeks stronger Nigeria-UAE capital market ties

The Nigerian Exchange Group (NGX) has called for stronger Nigeria-United Arab Emirates capital market cooperation. The NGX Group Chairman, Dr…

3 weeks ago

This website uses cookies.