Dangote Petroleum Refinery and Petrochemicals has successfully closed a landmark $2.5 billion private equity placement, marking what is believed to be Africa's largest publicly disclosed primary equity private placement by value. In a statement released on Thursday, the company said the offering, which was oversubscribed by 3.7 times relative to the initial offer size, represents …
Credit to Nigeria’s private sector rose by 2.8 per cent month-on-month to N83.3 trillion in June 2026, from N81 trillion in May, amid a broader expansion in domestic credit and money supply. The latest Money and Credit Statistics released by the Central Bank of Nigeria (CBN) showed that the increase in private sector lending was …
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR) at 26.5 per cent, choosing to keep monetary policy tight as rising geopolitical tensions in the Middle East continue to threaten inflation and global economic stability. The decision was taken at the committee's 306th meeting, …
The 2026 FIFA World Cup will be remembered not only for Spain’s dramatic triumph over Argentina in the final but also for the remarkable individual achievements that reshaped the tournament’s record books. From Lionel Messi’s multiple milestones and Kylian Mbappé’s rise to become the competition’s all-time leading scorer to Cristiano Ronaldo’s unprecedented sixth World Cup …
Farmers in the Federal Capital Territory (FCT), under the aegis of the All Farmers Association of Nigeria (AFAN), FCT Chapter, have raised the alarm over the alleged delay in the release of 6,800 bags of free fertiliser meant for the 2026 wet-season farming. According to a report by Vanguard, the fertiliser was reportedly provided under …
Former Kano State Governor and Nigeria Democratic Congress (NDC) vice-presidential candidate Rabiu Kwankwaso says he believes the party's presidential candidate, Peter Obi, will honour his commitment to serve only one four-year term if elected in the 2027 presidential election. Kwankwaso disclosed this during an interview on Channels Television, revealing that both leaders signed a written …
The House of Representatives has commenced a clause-by-clause consideration of President Bola Tinubu's executive bill seeking to establish state police, with lawmakers indicating they may adopt the version already passed by the Senate with only minor amendments. Speaking at the meeting of the House Committee on Constitution Review in Abuja on Monday, the Deputy Speaker …
The federal government has set a target of expanding access to consumer credit to 500,000 Nigerians by December 2026 as it intensifies efforts to build a stronger and more inclusive credit ecosystem. The target is contained in the Nigerian Consumer Credit Corporation’s (CREDICORP) H2 2026 Outlook, published in its 2026 Impact Report. The corporation said …
European champions Spain have defeated defending champions Argentina 1-0 to win the 2026 FIFA World Cup. Spain secured their second World Cup title after a hard-fought final was decided by a goal from Ferran Torres in the second half of extra time. The match remained goalless after 90 minutes, with Spain dominating possession and creating …
Troops of Operation Hadin Kai has foiled an attempted mass abduction by suspected ISWAP terrorists at the Federal Government Girls College, Monguno, Borno State, rescuing 46 students. The attempted attack occurred around 1:30 a.m. on Sunday after the terrorists reportedly gained access to the school with the assistance of suspected collaborators. The acting spokesman for …
